Mister Sparky Franchise Ownership*
Mister Sparky owners fall into two groups: owners who started their businesses within our franchise network, and owners who brought their self-built independent businesses into our franchise network. Both paths have yielded incredible success for our owners, including owners who bought a Mister Sparky in order to add a new, profitable service line to their home service company.
Total initial investment if you convert a pre-existing electrical business to a franchise is $33,061 to $192,871. The total initial investment necessary if you start the business from scratch is $123,873 to $301,533.
- $33,000 for a start-up franchise with a territory of up to 200,000 population.
- $9,000 to $29,700 if converting an existing business, depending on territory size and revenue.
In some cases, we may provide financing up to 75% of the Franchise Fee upon signing the Franchise Agreement. Please see FDD for details.
- Royalty Fee for a Start-up Franchise: Up to 6% of gross revenue or $1,500 per month, whichever is greater.
- Royalty Fee for a Conversion Franchise: Graduated plan that starts at 2% of gross revenues per month in Year 1 and increases to the greater of 6% or $1,500 per month in Year 4.
- Marketing: Brand Fee is dependent on your Gross Revenue. See Item 6 of the current FDD for additional insight. This fee contributes to the development and recognition of the Mister Sparky brand.
- Technology Fee: $600 - $1050 per franchised business
Discounts for Veterans
We’re proud members of the International Franchise Association (“IFA”) and participate in the IFA’s VetFran® Program. With VetFran, we reduce the total of the Franchise Fee and Territory Fee by 30% for all honorably discharged veterans of American and Canadian armed forces. This discount is for the first franchise only.
Diversification Discount for Women & Minorities
We’re proud members of the International Franchise Association's (“IFA”) DiversityFran® Program, which provides a reduced franchise fee of $5,000 for minority owned and women-owned businesses. To qualify for the Diversity Discount, the franchised business must be at least 51% owned by a woman or minority. Discounts may not be combined. This discount is for the first franchise only.
Authority Brands uses the power of the franchise system to transform the home services industry and keep small businesses alive at the heart of the economy. We have a deep commitment to giving franchise owners all the tools they need to operate a successful business, and part of that includes making the unreachable reachable for communities that face additional barriers to entry. Through the International Franchise Association’s VetFran and DiversityFran programs, we are creating more veteran-, woman-, and minority-owned businesses. Let’s talk today about how those programs can work for you.
Build Your Service Company
One of the most popular ways owners will utilize Mister Sparky franchise ownership is by expanding their company’s existing home service lines. As part of the Authority Brands family, Mister Sparky, One Hour Heating & Air Conditioning, and Benjamin Franklin Plumbing owners are provided with the chance to expand both their territory and service lines to generate a great deal of revenue and profit.
Because the franchise system between each brand is extremely similar, the cost of adding an Authority Brands service to your existing company is much more cost-effective than if you were trying to start your own HVAC/plumbing/electrical service company. As a result, our owners enjoy much higher economies of scale for their spend.
*See Item 6 & Item 7 of the most current Franchise Disclosure Document (FDD) for additional information.