Mr. Electric Corp.
Mr. Electric Corp.
P.O. Box 3146
Waco, TX 76707
800#: (800) 805-0575
Tel: (254) 745-2439
Fax: (800) 209-7621
E-Mail: [email protected]
Web Site: www.mrelectric.com
Contact: Mr. Mike Hawkins, VP Franchising
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: 117
Company-Owned Units: 0
Total Units:117
Distribution:
U.S. -- 109;
Canada -- 4;
International -- 4
> North America -- Operations in 37 States, 2 Province
> States/Provinces with Greatest Density: 11 in CA, 5 in IL, 4 in TX
Projected New Units Over Next 12 months:18
Franchisee Qualifications:3, 2, 5, 3, 2, 4
(for an explanation
click here)
Registered in Following Registration States: All States
Average Number of Employees: 3 FT, 1 PT (FT = Full Time, PT = Part Time)
Space Needs:500-1,000 SF; FS, HB
(for abbreviations click here)
Financial Requirements
Cash Investment: $30.2-68K
Total Investment: $64-157K
Average Total Investment: $110K
Minimum Net Worth: $75K
Fees
>Franchise: $19.5K;
>Average Franchise Fee: $19K
>Royalty: 3-6%
>Advertising: 2%
Provide Earning Claim Statement: No
Terms of Contract
Term of Contract (Years): 10/5
Passive Ownership: Discouraged
Area Development Agreements:No
Sub-Franchising Contracts: Yes
Expand In Territory:Yes
Franchisor Support and Training Provided
Site Selection Assistance:N/A
Lease Negotiation Assistance: N/A
Cooperative Advertising: No
Franchisee Assoc. / Member: No
Size Of Corporate Staff: 8
On-Going Support: C,D,E,G,h,I (for an explanation click here)
Training: 5 Business Days at Corporate Offices; 3 Business Days On-Site in Business.
Franchisor's Specific Expansion Plans
U.S.: All United States
Canada: Not This Year
Overseas: Most Latin American and Asian Countries
Note: NR = No Response by Franchisor.
For a sample questionnaire click here.
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