Mr. Electric vs Precision Garage Door Service
Franchise Comparison 2026
Both Mr. Electric and Precision Garage Door Service are home services franchises. Mr. Electric requires an investment of $160K – $357K while Precision Garage Door Service requires $164K – $360K. In terms of revenue, Precision Garage Door Service reports higher average unit revenue at $5.7M. Note: Reported for a subset of outlets rather than the whole system. Mr. Electric has SBA lending data on file with a 22.8% charge-off rate. FranchiseVerdict rates Mr. Electric B (Above average) and Precision Garage Door Service A (Strongest tier).
| Metric | Mr. Electric | Precision Garage Door Service |
|---|---|---|
| Verdict Grade | BAbove average | AStrongest tier |
| Investment Range | $160K – $357K | $164K – $360K |
| Franchise Fee | $43K | $75K |
| Royalty Rate | 6.0% | 6.0% |
| Average Revenue (Item 19) | $1.1M | $5.7MOutlet subset |
| SBA Charge-Off Rate | 22.8% (136 loans) | N/A |
| Total Units | 236 | 147 |
| Unit Growth (YoY) | +25 units | +15 units |
| Year Began Franchising | 1994 | 1999 |
| FDD Year | 2026 | 2026 |
Investment Range
$160K – $357K
$164K – $360K
Franchise Fee
$43K
$75K
Royalty Rate
6.0%
6.0%
Average Revenue (Item 19)
$1.1M
$5.7MOutlet subset
SBA Charge-Off Rate
22.8% (136 loans)
N/A
Total Units
236
147
Unit Growth (YoY)
+25 units
+15 units
Year Began Franchising
1994
1999
FDD Year
2026
2026