Mr. Electric Franchise
Wednesday, May 12, 2010 at 08:08PM Electrical service and repair
Mr. Electric has been providing residential and light commercial electrical service and repair since 1994. Since franchising began in 1995, Mr. Electric has grown to more than 100 franchised units throughout the United States, Canada, New Zealand and the United Kingdom.
The company is owned by The Dwyer Group, an international franchise organization that also owns franchise companies Mr. Rooter, Mr. Appliance, Glass Doctor, Rainbow Int'l., Aire Serv and Dream Maker Bath & Kitchen Worldwide.
Start-up Costs & Franchises Fees
What is the total cost to open a Mr. Electric Franchises?
Total Cost: $65,600-$158,500
Total Franchise Fees: $19,500
Ongoing Royalty Fees: 3-6%
Ongoing Advertising Fees:
Term of Agreement: 10 years
Franchise Agreement Renewal Fee: $2.5K
Contact Information for Mr. Electric
|
Mr. Electric |
Toll Free: (800)805-0575 |
Mr. Electric In the Press
No results at this time.Historical Expansion
In what year did Mr. Electric begin operations? 1994
When did Mr. Electric begin selling franchises? 1994
Year United States Canada International Corporate 2005 96 4 25 0 2004 105 4 25 0 2003 110 4 25 0 2002 92 4 25 0 2001 91 2 25 0
Future Expansion
Countries of Interest:
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee Yes No Initial Start-up Capital No No Plant, Property, and Equipment No No Inventory No No Accounts Receivable No No Payroll No No
Training & Support
Support
In the Pressletter, Meetings, Toll free phone number, Internet referrals, Field support and site evaluation
Marketing
Cooperative advertising, Ad slicks, National media
Franchise Operation Restrictions
This franchise can be run as a home based business franchise.International franchise business owners required to buy multiple units/master licenses
Number of employees needed to run franchised unit: 2 - 3
Absentee ownership of this franchise business is not available to new franchisees. (100% of current franchise business owners are owner/operators)
Qualifications & Business Experience
Business Experience:
Industry experience
Franchise Analyzer Professional's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must download a free copy of Franchise Analyzer Professional to receive these benefits and so much more. Click here to download your FREE copy now.
What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
Can you negotiate lower royalties during start-up? Yes
Can you purchase multiple franchises for a discounted franchise fee? Yes
Can you receive lower advertising fees? Yes
Will I know when the franchise break even? Yes
Will my personal assets including my home be safe in case my franchise business fails? Yes