Question 1

How many Mr. Electric franchise locations are there?

Accepted Answer

Mr. Electric currently has 211 total units, including 211 franchised locations and 0 company-owned locations.

Question 2

Is the Mr. Electric franchise system growing or shrinking?

Accepted Answer

Mr. Electric has experienced positive net growth of +11.6% over the past year, with a 3-year compound annual growth rate (CAGR) of +7.5%.

Question 3

What is the franchise vs. company-owned ratio for Mr. Electric?

Accepted Answer

Mr. Electric has a franchise ratio of 100%, meaning 100% of all units are franchisee-owned. This is a heavily franchised system.

Question 4

How many Mr. Electric franchise units have opened and closed recently?

Accepted Answer

In the most recent reporting year (2024), Mr. Electric had 41 units opened and 19 units closed.