Mr. Electric vs PREMIERGARAGE
Franchise Comparison 2026
Both Mr. Electric and PREMIERGARAGE are home services franchises. Mr. Electric requires an investment of $152K – $315K while PREMIERGARAGE requires $187K – $284K. In terms of revenue, Mr. Electric reports higher average unit revenue at $6.6M. Mr. Electric has SBA lending data on file with a 9.6% charge-off rate. FranchiseVerdict rates Mr. Electric D (Below Average) and PREMIERGARAGE A (Top Quintile).
| Metric | Mr. Electric | PREMIERGARAGE |
|---|---|---|
| Verdict Grade | DBelow AverageBelow Average | ATop QuintileTop Quintile |
| Investment Range | $152K – $315K | $187K – $284K |
| Franchise Fee | $43K | $20K |
| Royalty Rate | 6.0% | greater of: (a) 5.0% of your Gross Revenue or (b) $500 per month per territory for the first year and $1,000 per month thereafter |
| Average Revenue (Item 19) | $6.6M | $375K |
| SBA Charge-Off Rate | 9.6% (136 loans) | Limited data |
| Total Units | 189 | 134 |
| Unit Growth (YoY) | N/A | N/A |
| Year Began Franchising | 1994 | 2006 |
| FDD Year | 2024 | 2026 |
Investment Range
$152K – $315K
$187K – $284K
Franchise Fee
$43K
$20K
Royalty Rate
6.0%
greater of: (a) 5.0% of your Gross Revenue or (b) $500 per month per territory for the first year and $1,000 per month thereafter
Average Revenue (Item 19)
$6.6M
$375K
SBA Charge-Off Rate
9.6% (136 loans)
Limited data
Total Units
189
134
Unit Growth (YoY)
N/A
N/A
Year Began Franchising
1994
2006
FDD Year
2024
2026