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Mr. Electric

Mr. Electric is a globally recognized franchise specializing […]

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Franchise Costs and Requirements

Franchise Details

Year Established: 1994
Category Locations: Home-Based,Office
Available Ownership Type: Executive,Owner Operator,Semi-Absentee
Corporate HQ City: Waco
Corporate HQ State: TX
Investment Range: $100,000+
Canada Franchising: Yes
Latin America Franchising: Yes
India Franchising: Yes
Franchise Fee: $43,750
Royalty Percentage: 7%
Veteran Discount: Yes
E2/EB5 Visas: Yes
Master Franchise Opportunities: Yes

Background

Mr. Electric is a globally recognized franchise specializing in electrical installation and repair services for both residential and commercial customers. Founded in 1994, it has since grown to a network of nearly 200 locations worldwide, offering its services under the trusted Neighborly® brand.For those with aspirations of entrepreneurship, Mr. Electric presents a compelling franchise opportunity. Whether you're a seasoned electrician or a business-minded individual, Mr. Electric provides the ideal blend of established systems, comprehensive training, and ongoing support to empower your success. You'll benefit from a proven business model honed over decades, coupled with the marketing muscle and operational expertise of the Neighborly® network. This means you can focus on building relationships with customers in your local territory, confident in the knowledge that you have a robust infrastructure behind you.Owning a Mr. Electric franchise extends beyond simply leveraging a renowned brand. You'll become part of a supportive community of fellow franchisees, fostering collaboration and knowledge sharing. This network of like-minded individuals provides invaluable resources and keeps you at the forefront of the ever-evolving electrical industry. Additionally, you'll gain access to continuous training programs, ensuring your team stays up-to-date on the latest technologies and best practices. With Mr. Electric, you're not just running a business; you're joining a family committed to excellence in the electrical service industry.So, if you're seeking a franchise opportunity with a strong track record, comprehensive support, and a vibrant community, Mr. Electric might be the perfect fit for you. With its commitment to exceptional customer service and its focus on cutting-edge solutions, Mr. Electric is poised for continued growth and success in the years to come.

Support & Training offered by Mr. Electric

Mr. Electric Franchisee Support and Training: A Comprehensive OverviewBecoming a Mr. Electric franchisee offers comprehensive support and training to equip you for success. Here's a breakdown of what you can expect:Pre-opening:Sure Start Onboarding: This 6-8 week program covers business management, marketing, financial planning, and operational systems through online modules and one week of classroom training.Territory Analysis and Marketing Plan: Get expert guidance on market research, competitor analysis, and crafting a customized marketing plan for your local territory.Site Selection and Development: Receive assistance in finding and securing the ideal location for your Mr. Electric business, adhering to brand standards and regulations.Grand Opening and Beyond:Dedicated Franchise Business Coach: A dedicated coach works alongside you for your first year, providing ongoing support, mentorship, and accountability.Technical and Safety Training: Ongoing programs keep you updated on the latest electrical codes, best practices, and safety procedures.Operational Support: The home office team provides operational resources, including software for managing customer service, recruiting, marketing, and finances.Marketing and Sales Support: Access national marketing campaigns, regional advertising initiatives, and local marketing materials tailored for your territory.Field-based Support: Regional field consultants offer on-site support and problem-solving assistance.Continuous Learning: Regular webinars, conferences, and online resources ensure you stay up-to-date with industry trends and Mr. Electric best practices.Additional Perks:National Brand Recognition: Leverage the established reputation and trust of Mr. Electric to attract customers and stand out in the market.Bulk Purchasing Power: Benefit from negotiated prices on equipment, supplies, and services through the Neighborly network.Networking Opportunities: Connect with fellow franchise owners and share best practices for mutual growth.Overall, Mr. Electric's comprehensive support system empowers franchisees to:Launch their business with confidenceNavigate day-to-day operations effectivelyGrow their customer base and achieve long-term successRemember, this is just a high-level overview. If you have specific questions about Mr. Electric franchisee support and training, be sure to contact their website or franchise representatives for detailed information.

Additional Information

Category Location Home-Based,Office
Number of Units Open
Investment Range $139,500 - $288,500
Master Franchise false
Home based franchise YES
Item 19 Franchise YES
Veteran Discount YES
Franchise Opportunities in Canada YES
International Franchise Opportunities
E2/EB5 Visa Franchise YES
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