Mr. Electric Corp.
Yes, we actively support the inclusion and development of minority-owned franchises in the Mr. Electric Corp. system.
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: leadgeneration@dwyergroup.com
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:
> North America -- Operations in 42 States, 2 Provinces
> States/Provinces with Greatest Density: 18 in TX, 13 in FL, 7 in OH
Units Owned by Minorities:
>African-American: 3
>Hispanic:
>Asian-American:
>Native American:
>Other: 6
Average Number of Employees: 4 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: $64-155K
Average Total Investment: $109K
Minimum Net Worth: $Varies
Fees
>Franchise: $22K/100KPop
>Average Franchise Fee: $42K
>Royalty: 3-6%
>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
Cooperative Advertising: No
Franchisee Assoc. / Member: No
Size Of Corporate Staff: 14
On-Going Support: A,B,C,D,E,F,G,H,I (for an explanation click here)
Training: 5 Business Days at Corporate Offices; 3 Business Days On-Site in Business; On-Going.
Specific Minority Program(s) in Place: Although we strongly support the objectives of the NMFI, we do not yet have any specific programs in place at this time.
Franchisor's Specific Expansion Plans
U.S.: All United States
Note: NR = No Response by Franchisor.
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