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Mr. Electric Corp.
1020 N. University Parks Dr., P.O. Box 3146
Waco, TX 76707
800#: (800) 805-0575
Tel: (254) 759-5850
Fax: (800) 209-7621
E-Mail: [email protected]
Web Site: www.mrelectric.com
Contact: Ms. Pat Humburg, Lead Development Manager
Serving the electrical repair needs of residential and light commercial establishments, in addition to offering other electrical products to the 'same user,' including such items as surcharge protectors, communication and data cabling, ceiling fans, decorative light fixtures, security and landscape lighting, etc.
Franchisor Background
Established: 1994
First Franchise: 1994
Franchise Units: 183
Company-Owned Units: 0
Total Units: 183
Distribution:
U.S. -- 130;
Canada -- 2;
International -- 51
-North America -- Operations in 42 States, 2 Provinces
-States/Provinces with Greatest Density: 18 in TX, 13 in FL, 7 in OH
Projected New Units Over Next 12 months: 36
Franchisee Qualifications: 4, 4, 2, 2, 3, 5
(Click here for an explanation)
Registered in Following Registration States: All States (Click here for an explanation)
Average Number of Employees: 4 FT, 1 PT (FT = Full Time, PT = Part Time)
Space Needs: 500-1,000 SF; FS, HB
(Click here for abbreviations)
Encourage Conversion: Yes
Financial Requirements
Cash Investment: $30.2-68K
Total Investment: $64-155K
Average Total Investment: $109.5K
Minimum Net Worth: $Varies
Fees:
-Franchise: $22K/100KPop
-Average Franchise Fee: $42.8K
-Royalty: 3-6%
-Average Royalty: 4.5%
-Advertising: 2%
Provide Earning Claim Statement: No
Terms of Contract
Term of Contract (Years): 10
Passive Ownership: Discouraged
Area Development Agreements: No
Sub-Franchising Contracts: No
Expand In Territory: Yes
Franchisor Support and Training Provided
Site Selection Assistance: NA
Lease Negotiation Assistance: NA
Financial Assistance: Yes(B)
Cooperative Advertising: No
International Franchise Association: IFA MEMBER
Canadian Franchise Association:
Franchisee Association / Member: No
Size Of Corporate Staff: 14
On-Going Support: A,B,C,D,E,F,G,H,I (Click here for an explanation)
Training: 5 Business Days at Corporate Offices; 3 Business Days On-Site in Business; On-Going.
Franchisor's Specific Expansion Plans
U.S.: All United States
Canada: All Canada
Overseas: No
Note: NR = No Response by Franchisor.
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