Mr. Electric franchise: cost, fees and total investment
Short answer: The Mr. Electric franchise fee is $42,500 and the total initial investment ranges from $152,000 to $314,925, with about $40,000 in liquid cash required, based on franchise disclosure data compiled in October 2026. Confirm current figures in Items 5 and 7 of the Mr. Electric FDD.
What are the Mr. Electric franchise fees and investment?
The Mr. Electric franchise requires a franchise fee of $42,500 and a total initial investment of $152,000 to $314,925. The franchise fee is one line inside the total investment, which also covers location, equipment, opening inventory and working capital.
| Franchise fee (FDD Item 5) | $42,500 |
|---|---|
| Total initial investment (FDD Item 7) | $152,000 to $314,925 |
| Minimum liquid cash | $40,000 |
| US locations | 211 |
| Industry | Home Services (Maintenance, Repair, & Restoration) |
| Headquarters | Waco, Texas |
| Founded | 1994 |
| Franchising since | 1994 |
How does the Mr. Electric investment compare with other home services franchises?
Mr. Electric's minimum investment of $152,000 is above the median minimum investment of $112,373 across the 516 home services franchises in the SelectFranchiseList database. 152 of the other 515 brands in this industry start at a higher investment. Its franchise fee starting at $42,500 compares with an industry median of $45,000.
By minimum investment, Mr. Electric belongs with franchises from $100,000 to $250,000.
What should you verify in the Mr. Electric FDD?
Verify six parts of the Mr. Electric Franchise Disclosure Document before you sign, because figures change with every annual FDD:
- Item 5 and Item 6: the current franchise fee, royalty, marketing fund and technology fees.
- Item 7: the full investment range by expense line, including working capital.
- Item 19: whether Mr. Electric discloses financial performance data, and which units it covers.
- Item 20: openings, closures and transfers, plus contacts for current and former franchisees.
- Item 21: the franchisor's audited financial statements.
- Item 12: whether your territory is protected.
The full list of Items is in the FDD guide. You must receive the FDD at least 14 calendar days before you sign a binding agreement or pay any money.
Which franchises are similar to Mr. Electric?
These home services franchises have the closest minimum investment to Mr. Electric:
| Franchise | Franchise fee | Total investment |
|---|---|---|
| HomeSmiles | $59,500 | $152,750 to $200,080 |
| Mosquito Joe | $42,500 | $151,155 to $193,075 |
| Glass Doctor | $59,900 | $152,900 to $308,100 |
| Window Gang | $65,000 | $151,100 to $241,500 |
| The Basement Doctor | $27,000 to $30,000 | $153,090 to $345,725 |
See every brand in home services franchises.
Frequently asked questions
How much does a Mr. Electric franchise cost?
The total initial investment for a Mr. Electric franchise ranges from $152,000 to $314,925, including a franchise fee of $42,500, according to franchise disclosure data compiled in October 2026. The exact amount depends on location, build-out and working capital, as shown in Item 7 of the FDD.
How much cash do you need to open a Mr. Electric franchise?
Mr. Electric lists a minimum of about $40,000 in liquid cash. Lenders usually finance part of the remaining investment, and the franchisor confirms its capital requirements during qualification.
How many Mr. Electric locations are there?
Mr. Electric reported 211 US locations in the data compiled in October 2026. Item 20 of the FDD shows openings, closures and transfers for the last three years.
How long has Mr. Electric been franchising?
Mr. Electric started offering franchises in 1994 after the company was founded in 1994.
Figures are compiled from franchise disclosure data and public franchise listings as of October 2026 and may have changed. Mr. Electric and its trademarks belong to their owner; SelectFranchiseList is not affiliated with or endorsed by Mr. Electric. This page is not an offer to sell a franchise. Only the franchisor's current FDD is authoritative.