Question 1

How much does it cost to open a Mr. Electric franchise?

Accepted Answer

The total initial investment for a Mr. Electric franchise ranges from $152K to $315K, according to the latest Franchise Disclosure Document (FDD).

Question 2

What is the Mr. Electric franchise fee?

Accepted Answer

The initial franchise fee for Mr. Electric is $43K.

Question 3

What are the net worth requirements for a Mr. Electric franchise?

Accepted Answer

Net worth requirements for Mr. Electric are specified in the Franchise Disclosure Document.

Question 4

Does Mr. Electric require a personal guarantee?

Accepted Answer

Yes, Mr. Electric requires a personal guarantee from franchisees. A spousal guarantee is also required.

Question 5

What equipment and inventory costs are involved with a Mr. Electric franchise?

Accepted Answer

Equipment costs for a Mr. Electric franchise range from $12K to $20K.