Electrical Services

Mr Electric

Waco, TX · Founded 1994 · MERL

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.

2026 Franchise 500
#174
236
units (2025)
11.6%
year over year

Units by Year

170
2021
180
2022
189
2023
211
2024
236
2025

Total outlets at year end, from FDD Item 20.

The Investment

Initial investment
$159,500 – $357,425
FDD Item 7
Franchise fee
$42,500
FDD Item 5
Ad fund
8%
FDD Item 6
Financial performance
Yes
FDD Item 19 disclosure
Royalty

6% of Gross Sales

Leadership

  • Joshua McCormick

    President

  • Brandon Bushey

    Vice President of Operations

  • Michael Anthony Davis

    Chief Executive Officer

  • Malia Gelfo

    SVP, Corporate Controller

  • Heather Shipley

    VP of Finance

  • Stacy Lynn Bourgeois

    Chief Marketing Officer

  • Grayson Brown

    Secretary of Manager and Franchisor, and EVP, General Counsel and Secretary of Neighborly

  • Jason Himber

    Group President

  • Gagan Sinha

    Chief Information Officer for Neighborly

  • Bradley Stevenson

    Chief Development Officer for Neighborly

On File

FDD years
Select a year to open the FDD
Franchisee records
219
Current roster rows
Signed, not open
15
FDD Item 20, Table 5
Franchising for
31 yrs

Franchise Disclosure Documents

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Read from this brand's Franchise Disclosure Documents. FDD library maintained by AskTy; figures are as filed by the franchisor.