Mr. Electric
Neighborly
Company Information
1010-1020 North University Parks Drive Waco, Texas 76707
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 NEIGHBORLY ELECTRIC®. They have offered MR. ELECTRIC® franchises since 1994.
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Franchise Rating
Franchimp Summary Rating
3/10
Earning Transparency
4/10
Investment Accessibility
1/10
Franchise System Development
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Distribution of Mr. Electric Franchisee
Employee Contact Database
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Summary of Investment Costs
Upfront Franchise Fees
Minimum: $43,750 Maximum: $43,750
Upfront franchise fees are the one-time payments required to secure rights to operate under an established brand, typically ranging from $20,000 to $100,000+ depending on brand value.
These fees grant access to proprietary business systems, training programs, intellectual property rights, and often territorial exclusivity—essentially purchasing the blueprint for a proven business model.
While separate from ongoing royalties, investors should evaluate these fees against expected returns, comparing fee-to-earnings ratios across opportunities and assessing how effectively franchisors reinvest these funds into system improvements.
Total Investment Costs
Minimum: $107,900 Maximum: $244,500
Ongoing Fees
Ongoing franchise fees, typically structured as royalties ranging from 4-8% of gross sales, represent the continuous payments franchisees make to maintain brand affiliation and support services.
These recurring fees fund the franchisor's operational assistance, marketing initiatives, technology updates, and continued brand development—creating a partnership where the franchisor's revenue grows alongside the franchisee's success. In addition to royalties, franchisees often contribute to national advertising funds (usually 1-3% of sales) and may incur technology fees, supply chain markups, or renewal fees depending on the franchise agreement.
Investors should carefully analyze these ongoing costs within their financial projections, as they directly impact profit margins and cash flow throughout the entire franchise relationship.
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