Mr Electric

$MERLF500 #174
CategoryMaintenance
SubcategoryElectrical Services
Locations236
Franchisee Count223
Franchise Fee$42,500
Item 7 Low$159,500
Item 7 Midpoint$258,463
Item 7 High$357,425
Royalty Fees6% of Gross Sales
Ad / Brand Fund8%
Sold Not Open15
ParentMr. Electric SPV LLC
PE / InvestorKohlberg Kravis Roberts & Co. L.P.
Founded1994
Completeness34/34 (100%)
Years in Business32
Began Franchising1994
HQWaco, TX
Executives11
Main Phone254-745-2466
FDD IssuedApril 1, 2026
Last UpdatedAug 24, 2026
FDDs2026 · 2025 · 2022 🔒
Franchisor

Mr. Electric SPV LLC offers franchises for the operation of businesses that perform electrical services and repairs under the name MR. ELECTRIC®. Franchises are offered as start-ups or as conversions of existing businesses.

Mr. Electric SPV LLC is a wholly-owned subsidiary of Neighborly Assetco LLC, which is controlled by investment funds affiliated with Kohlberg Kravis Roberts & Co. L.P. Key executives include President Joshua McCormick and CEO Michael Anthony Davis.

Mr. Electric SPV LLC offers franchises for the operation of businesses that perform electrical services and repairs under the name MR. ELECTRIC®. Franchises are offered as start-ups or as conversions of existing businesses.

Read Mr Electric’s complete April 1, 2026 Franchise Disclosure Document — plus 2 prior years on file. Founder level — $19/mo — also unlocks Item 19 revenue, financial strength and unit trajectory across all 3,850 brands on FranDeals.

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