Start an Electrical Services Franchise and Become a Bright Spark

24/09/2018 08:00 | Start a business

electrical services

Do you want to be your own boss but hate the thought of being stuck in an office all day? Are you a skilled electrician but are fed up with working for someone else? If the answers are yes, then starting an electrical services franchise could be just what youve been looking for.

An electricians role is varied with no two days being the same. From installing, testing, and maintaining electrical wiring, equipment and appliances, both domestic and commercial customers need your services.

Electrical services London

In 2017, there were 265,000 employed and self-employed electricians in the UK. As youd expect, with almost 10 million people living in London, the most populated city in the UK has more electricians than anywhere else.

The amount of competition in cities such as the capital can make it difficult for an independent electrician to stand out from the crowd. By starting a franchise, many of the challenges that independent electricians may face can be alleviated.

Purchasing an electrical services franchise gives you the freedom of being your own boss with the backing of a proven business model. Being part of a recognisable brand that customers know and trust means that as a franchisee you can start to make a profit much sooner than a solo electrician that has to build a reputation and a customer base.

Franchisee support

Even as a qualified electrician, youll receive training when you become a franchisee to help you run your business effectively. Youll get help with marketing, recruitment, accounts, and much more. This support can be invaluable if youve never run your own business before.

When you buy a franchise, youll also become part of a network of franchisees. Not only will you get advice and guidance from the franchisor and their support team, but you can also turn to fellow franchisees as and when you need them. Chances are, if you have a question or need help with a problem, your peers will have been in your shoes at one time and will know the answers.

Starting your own business can feel lonely at times but as the popular saying goes, when you buy a franchise youre in business for yourself, not by yourself.

Top three electrical franchises

If you think youve got what it takes to become a franchisee with a reputable electrical services brand, then here are three franchise opportunities to consider.

All Trades Network

Established in 2002, All Trades is a national building repair network that services the insurance industry as well as individual property owners. When the worst happens, All Trades can reinstate homes and businesses back to their best. Experienced and qualified electricians, decorators, carpenters, plumbers, plus many more tradespeople, work hard to put properties right again.

If you want to use the skills youve learnt as an electrician but want to take a more managerial role, then owning a franchise with All Trades could be right for you. As a franchisee, youd take responsibility for managing a team of tradespeople while ensuring that customers receive a first class service. So, if youre a good communicator, can build and maintain relationships, and have a head for business, then this could be the franchise opportunity for you.

To become a franchisee, youll need to invest £35,000. Once on board, you'll serve as a contracts manager, and so some experience in finance and real estate is preferred, but not a necessity. Whats more important is that youre dedicated, passionate and work hard to maintain the quality that the All Trades business is renowned for.

Mr Handyman

Mr Handyman is a globally recognised and trusted brand which was established in 1996 and has since catered to the home improvement needs of thousands of households. The franchise model is effective and successful with over 500 franchisees enjoying the benefits of the brand all over the world.

Investing in a Mr Handyman franchise will see you undertake a managerial role. Rather than repairing customers' homes yourself, it will be your responsibility to manage and deploy technicians to meet their needs. So, whether your customers need an electrician or a plumber, youll find the right technician for the job.

The initial fee required to become a franchisee is £25,000. Youll also need an additional working fee of £35,000. Mr Handyman is looking for franchisees who are motivated and committed to maintaining the brand's quality service.

Mr. Electric

If you want to put your skills and qualifications to good use and would prefer a hands-on role as a franchisee, then the Mr. Electric franchise will allow you to do just this. Since 1994, the Mr. Electric franchise has been synonymous with high-quality all over the globe. There are currently 200 Mr. Electric franchisees, and as a subsidiary of Dwyer Group, there are over 2,800 franchises in 10 countries all over the world.

You dont need any previous experience as an electrician to become a Mr. Electric franchisee, but there are licensing requirements which must be met. If youre planning on running the business alone, then youll need to be 17th edition qualified with the National Inspection Council for Electrical Installation Contracting (NICEIC). However, if you decide to move on to a more managerial role, then you don't need this qualification, but your employees will do.

If youre interested in becoming a Mr. Electric franchisee, then the total investment ranges from £64,000 to £142,000 with a net worth requirement of at least £96,000 and liquid assets amounting to £35,000. The initial franchise fee is from £23,000 to £27,000 which you can get help to fund through Mr. Electrics in-house financing program specifically designed for new franchisees.

Conclusion

You need to be a certain type of person to become a successful franchisee. But if youre prepared to work hard, follow a tried and tested franchise system and be committed to providing the best service you can, then there are plenty of electrical services franchises for you to consider.

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