Quick Verdict · who it fits
Mr. Electric fits first-time franchise buyers looking for a mid-scale home services concept.
The numbers a buyer needs first — straight from the filing.
Initial investment (Item 7)
$160K - $357K
Franchise fee (Item 5)
$43K
Royalty (Item 6)
6% + 2% ad
Item 19 median rev
$1.29M franchised businesses, open and reporting for full 52 weeks d…
System size (Item 20)
236 +40
Agreement term
10 yrs
Years in business
6+ yrs
Model Mr. Electric's costs in the investment calculator → Prefilled from this filing — startup cost, cash flow and break-even.
Data extracted from the 2026 FDD filed with state regulators. Fees and terms may have changed since filing — request the current FDD from the franchisor before deciding. Not legal, financial, or investment advice. Full disclaimer.
Drag to your projected annual sales. Royalty 6% + ad fund 2% on gross sales.
PROJECTED ANNUAL SALES$1,290,000
$100k$2.4M
Royalty (6%)
—
Ad fund (2%)
—
Total / year
—
▪ Of-sales fees only · excludes rent, labor, COGS, and one-time costs · for illustration
Free AI summary — the first read on the filing.
236
Total units open
40
Units opened last year
9
Units closed last year
25
Net unit growth
What our analysis flagged across the 2026 filing.
5
Risks to review
4
Strengths identified
5
Questions to ask
How Mr. Electric ranks against 263 Home Services peers we've analyzed.
Initial investment
70th pct · of 263 peers
Franchise fee
26th pct · of 263 peers
System size
87th pct · of 263 peers
Home Services industry averages
Avg investment
$162K - $298K
Avg franchise fee
$52K
Avg system size
101
Franchises analyzed
263
Closest concepts by category and investment.
| Brand | Item 19 | Fee | Investment | Royalty | Units |
|---|---|---|---|---|---|
| Mr. Electric | Disclosed | $43K | $160K - $357K | 6% | 236 |
| Zinga'sSimilar price | None | $60K | $267K - $357K | 7% | 0 |
| Budget BlindsBiggest system | Disclosed | $20K | $101K - $211K | 3.5% | 1,355 |
| CBDTop-rated in category | Disclosed | $20K | $154K - $511K | 7.25% | 84 |
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Free explainers to go deeper before you sign.
Brand Analysis
Home Instead's current Item 19 reports a $2,352,451 median across 611 franchised territories, among the highest senior-care AUVs disclosed. The modest investment ($93K-$351K) keeps the AUV-to-investment ratio one of the strongest in any franchise category.
Brand Analysis
Home service franchises offer lower overhead than restaurants and strong recession resistance. Compare investment costs, royalties, and territory sizes across plumbing, cleaning, restoration, lawn care, HVAC, and handyman brands.
Brand Analysis
HomeVestors' 2026 FDD reports a $287K median across 898 franchised territories — but the unit-economics story is unique: the franchisee buys houses, renovates, and resells. Revenue is one metric; capital deployment and inventory cycle are the real ones.
Mr. Electric requires a $42,500 initial franchise fee and a total initial investment range of $159,500–$357,425, per the most recent FDD on file.
Mr. Electric franchises are sold by Mr. Electric SPV LLC, the franchisor entity of record on its Franchise Disclosure Document. Item 1 of the FDD discloses the corporate structure, including any parent companies and predecessors.
Yes. Mr. Electric discloses Item 19 financial performance representations with reported revenue around $1,292,838. See the financials sub-page for the full distribution.
Franchisees pay a royalty of 6% of Gross Sales and an advertising fund contribution of 2% of Gross Sales on gross sales as defined in Item 6 of the FDD.
As of their 2026 FDD, Mr. Electric has 236 total locations, with 40 new locations opened in the most recent reporting year. This information comes from Item 20 of the FDD.
Per the FDD, Mr. Electric discloses an initial agreement term of 10 years, a renewal fee of $5,000, a transfer fee of $15,000. Review Items 10 and 17 for the full renewal and termination provisions.
This page is part of VetMyFranchise. View all pages: llms.txt · llms-full.txt