Mister SparkyFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A MISTER SPARKY franchise requires a total initial investment of $119K – $260K, including a $33K franchise fee and an ongoing 6.0% royalty[2]. Per the 2024 FDD, average unit revenue was $4.2M[2]. Verdict grade: A. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2024 FDD issuance
Overview
- Investment
- $119K – $260K
- 43rd pct Home Services
- Avg gross sales
- $4.2M
- 49th pct Home Services
- Royalty
- 6.0%
- 13th pct Home Services
- Units
- 169
- 66th pct Home Services
- SBA default
- 0.0%
- system-wide median varies by category
Quick verdict · Home Services · color = vs category peers
Green = >15% above Home Services avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Each dollar invested generates 22.2x in gross revenue, well above the typical 1.5-2.5x range.
The system grew 18% year-over-year. Fast growth means demand, but can strain support.
Bottom line
- Total investment $119K – $260K including a $33K franchise fee, 6.0% ongoing royalty.
- Average unit revenue of $4.2M/year (median $1.8M).
- Verdict A (Top Quintile) with a risk score of 16/100.
- System growing at 41.7% CAGR over 3 years with 169 total units. Strong expansion trajectory.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- Mister Sparky Franchising SPE LLC
- Parent company
- AB Assetco LLC
- Ultimate parent
- Apax Partners
- Predecessor
- Mister Sparky Franchising
- Prior franchisor entity
- Incorporated in
- DE
- HQ
- 7120 Samuel Morse Drive, Suite 300, Columbia, Maryland 21046
- Auditor
- PricewaterhouseCoopers LLP
- Audited financials
- Franchisor revenue
- $190.8M
- vs $219.1M prior year
Overview
About
Mister Sparky franchisees operate as electrical service providers, handling residential and commercial electrical repairs, installations, and maintenance. Day-to-day operations include dispatching service calls, managing field technicians, customer billing/collections, and territory marketing to build recurring revenue from service agreements.
- CEO
- Mark Dawson
- Headquarters
- MD
- Founded
- 2006
- FDD year
- 2024
- States available
- 29
FDD Item 7 · 2024 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $33K | $33K |
| Working capital (3–6 mo) | $35K | $60K |
| Equipment, build-out, other | $51K | $167K |
| Total initial investment | $119K | $260K |
Source: MISTER SPARKY 2024 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
Single-unit · estimated
Returns at a glance
Indicative numbers using FDD Item 7 / Item 19 inputs and category-benchmarked cost ratios. Full single-unit, 25-unit portfolio, and LBO models (with every input editable to stress-test your own scenario) live on the financials page.
Store EBITDA · annual
$485K
11.5% margin
Unlevered ROIC
205%
EBITDA / total invested capital
Payback
6 mo
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $119K – $260K
- Near category avg vs category
- Liquid capital req'd
- $35K – $60K
- Near category avg vs category
- Franchise fee
- $5K – $43K
- Better than avg vs category
- Royalty
- 6.0%
- Gross Revenue · typical 6–8%
- Ad fund
- 1.5%
- typical 3–5%
- Total fee load
- 7.5%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 6.0% of gross sales |
| Marketing / ad fund | 1.5% of gross sales |
| Technology fee | $100 |
| Training fee | $2K |
| Transfer fee | $10K |
| Renewal fee | $5K |
| Inventory (initial) | $3K – $5K |
| Total fee load | 7.5% of rev |
Financial Performance
- Avg gross sales
- $4.2M
- Per unit, per year
- Median gross sales
- $1.8M
- Item 19 type
- gross_sales
- Sample size
- 40 units
- vs category median 25
- Range (low → high)
- $97K→$64.7M
- Cohort dispersion (min → max)
- Quartile band
- $487K→$12.3M
- Bottom 25% → top 25%
- Transparency tier
- full
- Categorical assessment of disclosure depth
- Transparency
- 4 / 5
- vs category median 4 / 5 · typical
Compared against 349 Home Services brands
Revenue is 22.2x the investment midpoint. At typical franchise margins, this suggests a payback under 3 years.
vs Home Services averages
How Mister Sparky Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 169
- Opened
- 31
- Last reporting year
- Closed
- 6
- Turnover rate
- 3.5%
- Company-owned
- 6
- Corporate units in the system
- % franchised
- 96%
- vs corporate-owned
- Net growth (yr3)
- +18.1%
- Net unit change last year
- 3-yr CAGR
- +41.7%
- Compounded over last 3 years
3-year detail · Item 20
- Opened (3yr)
- 25
- Closed (3yr)
- 0
- Terminated (3yr)
- 0
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 11
- Reacquired (3yr)
- 0
- Franchisor bought back
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 31 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator. Not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
Available to sell in · Item 12
- California
- Illinois
- Indiana
- Maryland
- Michigan
- Minnesota
- New York
- North Dakota
- Rhode Island
- South Dakota
- Virginia
- Washington
- Wisconsin
States where the franchisor is registered to sell new franchises (FDD registration filings).
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA loan disclosures. This brand has only 3 7(a) loans on file; statistical reliability is limited below 10 loans.
- Total loans
- 3
- Loan volume
- $1.4M
- Median loan
- $184K
- 50th percentile
- Charge-off rate
- 0.0%
- rates vary by category · see methodology
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- 100.0%
- 5-yr charge-off
- N/A
- Loans approved 2021+
- Active lenders
- 3
- Defaults
- 0
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into Mister Sparky's SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 3 lenders with concentration factor
- Per-state charge-off rates across 3 states
- Startup risk premium and job creation velocity
- 2-year lending trend
Instant access. No subscription.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Mister Sparky presents moderate-to-cautionary risk due to missing profitability disclosures, ongoing litigation suggesting compliance issues, and an aggressive royalty floor that may pressure unit economics for smaller territories.
Litigation (Item 3)
4 case reference(s): 0 pending, 0 settled.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · PricewaterhouseCoopers LLP
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Must buy proprietary products: No
- Restricted to system-approved products: Yes
Score breakdown · what drove the 16 / 100 rating
- 01MEDNet income not disclosed in FDD Item 19 — impossible to validate ROI claims or compare to $119k-$260k investment
- 02HIGHActive litigation for sales underreporting suggests franchisor-franchisee monitoring gaps and potential revenue manipulation issues
- 03HIGHFour total litigation cases (1 pending, 3 concluded) involving trademark misuse, non-compete violations, and collections indicate systemic compliance problems
- 04MINORRoyalty structure creates perverse incentive: $1,500/month minimum means franchisees earning <$300k gross revenue pay higher effective royalty rate (6%+)
- 05MINOR18.1% YoY unit growth appears healthy but lacks context — cannot determine if units are closing or just slower additions; no disclosure of unit closures/failures
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Allowed renewalsℹ | 1 |
| Territory type | Population-based |
| Protected territory | Yes |
| Territory population | 200,000 |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | Yes |
| Termination notice | 30 days |
| Termination groundsℹ | 1 |
| Curable defaultsℹ | 3 |
| Mandatory arbitration | Yes |
| Jury trial waiver | Yes |
| Governing law | Maryland |
| Litigation count | 4 |
View Item 3 litigation summary
4 case reference(s): 0 pending, 0 settled.
Items 10, 11
Training & Operations
- Classroom training
- 36 hrs
- On-the-job training
- 0 hrs
- Training location
- On-site and corporate
- Site selection
- franchisee
- Franchisor financing
- Not offered
- Item 10
- POS system
- ServiceTitan
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: ServiceTitan
Item 20 · call current owners
Franchisee Contacts
72 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
MISTER SPARKY · FDD (2024) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a MISTER SPARKY franchise?
The total investment to open a MISTER SPARKY franchise ranges from $119K – $260K, with an initial franchise fee of $33K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do MISTER SPARKY franchise owners earn?
According to Item 19 of the MISTER SPARKY FDD, the average gross sales per unit is $4.2M. The median is $1.8M. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is MISTER SPARKY's franchise failure rate?
SBA 7(a) loan charge-off data is not available for MISTER SPARKY (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
How many MISTER SPARKY franchise locations are there?
As of their most recent FDD filing, MISTER SPARKY has 169 total units in the United States, including 115 franchised units and 6 company-owned units. 31 new units were opened in the latest reporting year.
Is MISTER SPARKY a good franchise to buy?
FranchiseVerdict rates MISTER SPARKY as a A-grade franchise with a risk score of 16 out of 100, based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.