Mister Sparky
Mister Sparky offers residential and light commercial electrical services, including maintenance and repairs. Known for reliable home electrical solutions, it operates in the competitive home service sector.
Mister Sparky franchise FAQ
How much does it cost to open one — the total initial investment?
The total initial investment necessary to begin operation of a MISTER SPARKY franchise ranges from $133,273 to $276,702. This includes a mandatory payment of $33,000 to the franchisor or its affiliates [p.1].
What is the initial franchise fee?
The initial franchise fee is a non-refundable amount due upon signing the agreement, which includes a base fee of $33,000 plus an Additional Population Fee of $0.165 for each person above 200,000 in the franchise territory [p.15]. This fee is used to cover costs associated with offering franchises and assisting franchisees in starting their businesses [p.273], and it is recognized on a straight-line basis over the term of the franchise agreement [p.199].
What are the ongoing royalty and advertising fees?
The ongoing royalty fee begins once the Franchised Business opens, typically on a semi-monthly basis. The first payment is due by the 25th day of each month based on Gross Revenue from the 1st through the 15th of the month, with the second payment due by the 10th day of the next month for Gross Revenue from the 16th through the end of the previous month [p.96 and p.24]. Advertising fees are part of the National Advertising Fund (NAF) contributions, which are funded by franchisees to cover advertising and marketing costs for the brand as a whole [p.226].
How long is the initial franchise agreement, and can I renew it?
The initial franchise agreement does not specify a duration. According to [p.116], you have the option to renew the franchise relationship for one additional term of ten years upon expiration, subject to meeting certain conditions as outlined in that section.
Can I sell or transfer my franchise, and what does that require?
This isn't specified in the excerpts. The provided FDD sections discuss the franchisor's rights to assign or transfer their obligations but do not detail the process for a franchisee selling or transferring their franchise.
On what grounds can the franchisor terminate the agreement?
The franchisor may terminate the franchise agreement if there is a failure by the franchisee to comply with any lawful provision of the franchise agreement and such failure is not cured within a reasonable time, which cannot exceed 30 days [p.267]. Additionally, the Virginia Retail Franchising Act requires that termination must be for 'reasonable cause' as defined under state law; otherwise, it may not be enforceable [p.282].
What financial requirements — net worth and liquid capital — do I need to qualify?
This isn't specified in the excerpts.
Do I get an exclusive or protected territory?
You do not receive an exclusive territory [p.50]. However, you are granted a protected territory during compliance with the Franchise Agreement terms, which means the franchisor will not operate a business under the Marks and System in your Territory, except for certain specified exceptions [p.50].
What training and ongoing support does the franchisor provide?
The franchisor provides an initial training program consisting of two phases: online Initial Training followed by Branded Operations Orientation Training (BOOT). This training is provided at no cost to you, but travel, accommodations, meals, and salaries for attendees are your responsibility. Ongoing support includes services managed through AB Inc., which acts as a franchise sales agent and provides support under a management agreement with the franchisor. [p.7, p.81]
How many franchised outlets are there, and how many have closed or been terminated?
The number of franchised outlets is not specified directly in these excerpts. However, multiple franchises operated from the same location are counted as separate outlets [p.78]. Regarding closures, no franchisees had their franchises terminated, canceled, or otherwise ceased to do business voluntarily or involuntarily during 2025, and none were not renewed; however, there were no transfers of ownership either [p.81].
Does the franchisor share any financial performance or earnings information?
Yes, the franchisor can provide financial performance information if there is a reasonable basis for it and if the information is included in the disclosure document. This may include actual records of existing outlets you are considering buying [p.67]. However, the franchisor does not make any representations about future financial performance or past financial performance of company-owned or franchised outlets beyond what is provided in Item 19 of the FDD [p.71].
What am I restricted to selling, and where must I buy supplies?
You may have to buy or lease items from the franchisor or a limited group of suppliers designated by them, which might be more expensive than other options [p.3]. The franchise agreement may also prohibit you from operating a similar business during the term of the franchise and restrict what you sell, how you market, and your hours of operation [p.3]. However, the specific products you are restricted to selling are not detailed in these excerpts.