Mr. Electric offers a franchise for an electrical-services and repair business. Its April 1, 2026 franchise disclosure document explains the operating model, territory limitations and historical sales information that prospective owners should review before investing.
Franchisor background and entry options
Item 1 identifies Mr. Electric SPV LLC as the current franchisor, formed in Delaware in November 2020. Its predecessor began offering Mr. Electric franchises in 1994. The system is part of the Neighborly group.
The FDD offers both start-up and conversion options for existing businesses. A conversion should be evaluated against the specific agreement and the existing operation’s staff, services and obligations. International arrangements should be assessed through the applicable documents for that country rather than assumed to follow this U.S. offering.
Understand the service and operating requirements
Evaluate the approved service scope and the personnel needed to deliver it. Ask the franchisor which licenses, equipment and qualifications are required for the work planned in your market. A franchise agreement does not replace the need to establish that your business and personnel can lawfully perform the work.
Visit existing operators to understand estimating, scheduling, dispatch, customer communication and follow-up. Confirm any emergency-service commitments and staffing arrangements for the location you intend to operate rather than relying on a blanket round-the-clock promise.
Owner involvement and location
Item 15 generally requires the individual owner to perform or supervise operations directly. For an entity, a designated trained owner generally provides direct on-site supervision. Delegating that role to a trained manager requires franchisor consent, subject to the specific arrangements described in the FDD.
Item 11 permits a home-based location within the territory if local zoning allows it, or a separate office that meets site guidelines. Evaluate the practical requirements for vehicles, equipment, staff and administration before choosing a location.
Territory protection has limits
Item 12 expressly states that the franchise does not receive an exclusive territory. It provides limited protection, conditional on compliance, against another Mr. Electric franchise receiving rights to market within the territory. Reserved rights include other brands, channels and key-account arrangements.
Review the proposed territory map and the full reservation-of-rights provisions. Ask how national or regional accounts, customer requests and work performed by other operators are handled. A defined territory is not a guarantee of demand or a right to expand automatically.
Training, support and startup planning
The FDD describes initial training and required continuing training or conference attendance. Confirm the current phases, required participants, travel expenses and opening schedule. Review the written assistance obligations and distinguish included services from optional or separately charged support.
Prepare a local budget for vehicles, tools, equipment, premises, insurance, staffing and marketing. Examine Items 5–7 and the related notes with your advisers, including any applicable discount or conversion terms. The franchise fee is not the entire startup investment.
What the FDD says about financial performance
Item 19 uses franchisee-reported gross sales for January 1 through December 31, 2025. It includes 169 reporting businesses that operated and reported for the full 52-week period, grouped by territory population. It excludes businesses that opened during the year, certain unreliable or combined reports, and businesses that closed during the reporting period.
These tables report group-specific averages and medians, not a single $750,000 average applicable to every franchise. The results describe historical gross sales, not owner profit or a forecast for a new business. The FDD states that individual results may differ and provides for written substantiation on reasonable request.
Read the complete tables, group definitions and exclusions with your accountant before using them in a projection. Account for operating expenses and the proposed territory and business circumstances rather than treating an established operator’s sales as your expected income.
Next steps
Review the complete applicable FDD and agreement, speak with current and former operators, and compare your local operating assumptions. Our Mr. Electric franchise profile and franchise-selection guide can help organize that research. You can also contact FranchiseTop40 to discuss your questions.