Mr. Electric FDD Summary
Type of Business
As a franchisee, you will sell service and repair electrical systems, equipment, components and supplies, including installation, upgrades and remodeling for residential and commercial customers.
Corporate Information
Mr. Electric LLC was converted to a Texas limited liability company on December 31, 2011. Prior to that date, they were a Texas corporation. They were incorporated in the State of Texas on September 16, 1994. They maintain their principal place of business at 1010-1020 North University Parks Drive, Waco, Texas 76707. They do business under their corporate name and under the name MR. ELECTRIC® and SUNBURST ELECTRIC®. They have offered MR. ELECTRIC® franchises since 1994.
Investment
The total investment necessary to begin operation of a Mr. Electric® franchise ranges from $83,400 to $184,750. This includes $36,250 that must be paid to the franchisor. It does not include fees for additional territory (beyond the minimum 100,000), for which we charge $350 per 1,000 population.