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Home > Franchises > Mr. Electric
Mr. Electric
A franchisee is a powerful and effective process that includes the marketing, sale and distribution of products as well as services. Experience of the franchisor and the goodwill of the brand are the vital attributes of a successful franchisee. The franchisor licenses the trademarks and techniques of doing business and performs the distribution of products or services through his associated dealers. Mr. Electric has been providing residential and light commercial electrical service and repair since 1994. They started their franchising in 1995. Franchisor is a publicly-held company with 110 employees and 30 employees in franchise department. Mr. Electric has grown to more than 100 franchised units throughout the United States, Canada, New Zealand and the United Kingdom. Mr. Electric is one of the largest and fastest growing full service electrical services companies in the world. The organization meets the electrical service and repair needs of thousands of customers each day. Every day, hundreds of Mr. Electric service vehicles deliver the highest quality of electrical service and repair to homes and businesses around the globe. In fact, Mr. Electric is the only international brand of electrical service providers. Their franchise system ensures that your local Mr. Electric adheres to the highest standards of excellence. The businesses are diverse, but all are built upon the same philosophy of success - exceed the customer's expectations. The total investment for this franchise 69,000 plus dollars. Franchise fee is 22,000 dollars. The ongoing royalty is of 4 to 7 percent. The term of agreement is of 10 years and is renewable. The renewal fee is 2.500 dollars. The company was ranked 305 in 2006, 285 in 2005, 212 in 2004, 233 in 2003 and 213 in 2002 by franchise 500 ranks and was ranked 80 in 2006, 77 in 2005, 52 in 2004, 59 in 2003 and 49 in 2002 by top home based franchise. The Mr. Electric organization currently has 130 locations and is growing quickly. To foster their current growth trend, their team of franchise directors seeks qualified professionals with energy and drive who are capable of using their systems and support to enhance their own success. They accomplish their mission through a unique system whereby locally owned and independently operated Mr. Electric franchises deliver their services using the Mr. Electric Customer Service Philosophy.
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