Is Mr. Electric a franchise? How much does a Mr. Electric franchise cost? Do you need info on Mr. Electric franchise price and fee to open one?
Are you interested in signing up for a reputable franchise opportunity in the maintenance services industry, and have shown interest in joining Mr. Electric franchise? This article will help you gather as much information as necessary to help you get started with Mr. Electric franchise, and help you make informed decision concerning starting up the franchise opportunity.
This article clearly presents to you a brief information about Mr. Electric franchise, alongside extensive information concerning the initial start-up financial investment requirements; the opportunity benefits and training you stand to benefit as one of Mr. Electric franchisees; the ideal qualities you are required to possess, together with any obligations required; and how to join the franchise.
About Mr. Electric Franchise
Mr. Electric was founded in 1994, more than two decades ago, and has since been offering franchise opportunity to qualified candidates all over the United States and other countries in the world. Their headquarters is located at 1020 N. University Parks Drive, Dr. Waco, Texas 76707, United States.
Mr. Electric is owned by the Dwyer Group. The Dwyer Group is a franchise organization that offers international franchises all over the world. The Dwyer Group not only owns Mr. Electric, it also owns a number of franchise companies such as Mr. Appliance, Mr. Rooter, The Grounds Guys, Dream Maker Bath & Kitchen Worldwide, Glass Doctor, Aire Serve, and Rainbow Int’l. Joel Worthington is the Chairman Executive Officer (CEO) of Mr. Electric.
Mr. Electric franchise has been rated among Entrepreneur Magazine’s “Franchise 500” listing.
The company’s primary service is to provide residential and light commercial electrical services and repairs to customers; and they have more than 160 franchise locations all over the world.
The Mr. Electric team’s primary focus is simply to help their franchisees to achieve their professional, financial, and even their personal goals. This is why they have put into place various tools and resources to help their franchisees successfully establish their business and meet these goals.
Having industry experience will be helpful, even though you may not really require any special or prior knowledge of the services in the industry. Also, you do not need a large workforce; you will only require only 2 to 3 employees. As a franchise owner, absentee ownership is not allowed in Mr. Electric.
How much does it cost to open a Mr. Electric?
Mr. Electric Franchise Financial Requirements
For you to be able to qualify as one of Mr. Electric franchisees, you must be able to fulfil the following financial requirements: you will be required a minimum liquid initial start-up cost that ranges from $45,000 – $100,000; a franchise fee that amounts to $35,000; and a net worth of $125,000.
The total investment sum ranges from $83,400 – $184,750. Additional fees come in the form of 5-7% royalty fee, and 2% advertising fee. The term of agreement is 10 years. For veterans, there is a 15% discount of the minimum initial franchise fee.
Mr. Electric Franchise Training and Supports
The following are the major benefits you stand to enjoy as a Mr. Electric franchisee, once you qualify and have been successfully accepted:
How Much Can One Make As An Owner of Mr. Electric Franchise
How much a Mr. Electric franchise owner stands to make on annual basis totally depends on how much the franchise owner is ready to comply with the set out sales and marketing programme by Mr. Electric management team; and a number of other factors such as location of business, size of business, etc.
Notwithstanding, as a franchise owner, you must do everything within your means to grow your business and achieve your set out primary goal, which is to make profit.
Ideal Candidate for Mr. Electric Franchise
The ideal candidate that can apply for and be accepted by Mr. Electric franchise is anyone who is enthusiastic and committed to working with them, using the set out business model; and has fulfilled the financial requirements stated above.
No special or prior knowledge of the maintenance service industry is really necessary, as all trainings will be administered to new franchise owners at start-up; although a little experience in the industry will not hurt.
How to Join Mr. Electric Franchise?
Once you have indicated your interest to join Mr. Electric franchise, be quick to contact them on (888) 493-1690 or fax (254) 759-5861 to request for more sign-up information to get started.