Averan Mr. Electric Opening Package Offer
Averan Advisors gets the books and financial systems for a new Mr. Electric location ready before opening day, so your first month closes on time. The setup follows Mr. Electric’s 2026 FDD and your franchise agreement.
The Mr. Electric opening package
Mr. Electric’s 2026 FDD puts the cost to open one location at $159,500 to $357,425, so getting the finances right from the start matters.
Averan helps Mr. Electric franchisees get their books and financial systems ready before opening, with a dedicated home services specialist.
- QuickBooks set up for Mr. Electric’s reporting requirements.
- Build-out spending tracked against Mr. Electric’s Item 7.
- Loan draw packages prepared for your lender.
- Point of sale, payroll and other systems connected and tested before opening.
Do you have 30 minutes this week? Book a 30-minute call.
Already open with another bookkeeper? See the Mr. Electric conversion package.
What the Mr. Electric opening package includes
QuickBooks file
We build a QuickBooks file for your Mr. Electric location and connect every bank account and card to it.
Reporting format
We set up the chart of accounts so the books produce the monthly report Mr. Electric asks its owners for.
Analytics package
Each month we compare your results with the figures in Mr. Electric’s 2026 FDD.
Budget tracker
We turn Mr. Electric’s Item 7 estimate into your opening budget and record every opening cost against its line.
Loan draw packages
We prepare a file for each loan draw your lender asks for, including SBA loan draws.
Systems connected
We connect the point-of-sale system Mr. Electric requires, its job scheduling and invoicing system and your payroll to the books.
Tested before opening
Before your Mr. Electric location opens, we run one test day of sales and one test payroll through the books.
Handoff to monthly
Your Mr. Electric royalty, brand fund and report due dates go on one calendar for the monthly close.
Timeline
- 1Kickoff5 business days
We hold a kickoff call and send the list of documents we need.
- 2Setup10 business days
We build the QuickBooks file and connect your accounts.
- 3Build-outEach month
We tag every payment to a line of Mr. Electric’s Item 7 and prepare each loan draw.
- 4Systems45 days before opening
We test the point of sale, the other systems and payroll.
- 5Opening dayYour opening date
We match each day of sales to the deposits that follow it.
Mr. Electric figures from the FDD
Mr. Electric franchisees averaged $1,114,087 of sales in 2025, according to Item 19 of Mr. Electric’s 2026 FDD, issued 1 April 2026. The 169 in that group are 72%* of Mr. Electric’s 236 locations. Fees paid to Mr. Electric come to about 8.29%* of sales. A Mr. Electric franchise costs $159,500 to $357,425 to open.
The Mr. Electric initial franchise fee is $42,500, which is part of the Mr. Electric Item 7 estimate, according to Mr. Electric’s 2026 FDD.
At the Mr. Electric average of $1,114,087 of sales a year, the 6% royalty comes to about $5,570* a month and the 2% brand fund to about $1,857* a month.
Send us to start
- Your signed Mr. Electric franchise agreement.
- Mr. Electric’s current FDD.
- The Mr. Electric monthly report format and the software it uses.
- Your entity documents and EIN letter.
- Your lease, contractor bid and loan agreements.
Access we need
- Your payroll processor.
- The point-of-sale system Mr. Electric requires.
- The job scheduling and invoicing system.
- The Mr. Electric reporting portal.
- Your invoice and expense software.
- View access to your bank accounts and credit cards, with no power to move money.
- How you want inventory tracked.
Questions from Mr. Electric owners
Does Averan Advisors work with Mr. Electric owners?
Averan Advisors sets up and keeps the books for Mr. Electric owners, and the Averan franchise library has a breakdown of Mr. Electric’s 2026 FDD with its fees, cost to open and Item 19 figures.
How does the Mr. Electric royalty show up in the books?
The Mr. Electric royalty is 6% of sales, according to Mr. Electric’s 2026 FDD. We record it on its own line, so each month’s charge can be checked against your sales. At the Mr. Electric average of $1,114,087 a year, it comes to about $5,570 a month, by Averan’s calculation.
What does it cost to open a Mr. Electric franchise?
Mr. Electric’s 2026 FDD estimates in Item 7 that opening one Mr. Electric location costs $159,500 to $357,425. We turn those Item 7 lines into your opening budget and track each payment against them.
What happens after my Mr. Electric location opens?
Your Mr. Electric books move to the Monthly Close, which closes each month and sends a profit and loss, a balance sheet and the royalty reconciliation. The QuickBooks file stays yours.
* Averan Advisors calculation from the figures in Mr. Electric’s 2026 FDD.
Where to next
Talk to us about your Mr. Electric opening
Send the short form for the Mr. Electric opening package, or book a 30-minute call about your Mr. Electric location and your opening date.
Get the offer → Book a 30-minute call