I thought Mr. Electric was common in the area. I went on their site and did a 200 mile search from here (IL near the Wisconsin border) & got... 1 in Illinois 2 in Missouri 2 in Indiana (incl. Fort Wayne) 1 in Wisconsin (Green Bay)...
I checked into the Mr.Electric idea.They really really push you to fly to waco to visit there main location.I never went for the tour, I should have i might have learned somthing.I think it would have been $40,000 just to get started in my county thats a van, uniforms,and all the other fees.6% of monthly sales went to Mr.Electric.I have had more luck contacting people that had a Mr.Elctric that failed than i did with people that have one.They never could answer my questions like how to attract good employees,and the big one that flew me for a loop was the fact when i looked on forbes.com and it showed that mr.electric was declining and i was told that the site was false so i asked them to send me some info to prove other wise but they couldn't i didn't bite in my area but someone else did and i got a called they wanted me to look into manageing the company.LOL the guy told me to suck up my pride and stop my business and do it (i have a parttime business)just think of buying into this company and having to answer to someone pushing you to sale sale sale so they get more money.Not for this cat..
"If your going to be stupid, You gotta be tough"
Re: Mr. Electric#157441 11/09/0510:49 PM11/09/0510:49 PM
What do they do for you? Sounds like all you get is the use of their name and it's not well known. If you took that money and put it into advertising and promotion I think you could do better yourself.
I looked around online & there's a franchise for sale for $50,000 in Imperial Valley, CA. He claims gross revenues of $200,000 with 4 employees. They seem to take 6% of the gross plus 2% for advertising (national).
It looks like they get $16,000/year and he's left with $184,000 for 4 employee salaries, benefits, depreciation, repairs, maintenance, taxes and licenses, interest expense and possibly his own local advertising.
He claims the two vans included in the deal are worth the $50,000. If that's true he isn't placing any value on the franchise.
Re: Mr. Electric#157443 11/10/0505:13 PM11/10/0505:13 PM