Best Electrical Franchise Opportunities

When it comes to working with electrical equipment, there are a number of different routes into the sector. Businessowners could choose to open a store that sells electrical equipment or one that repairs electrical equipment, or become an electrical contractor, sending electricians out into the world to help clients in their own home or workplace. Many businesses offer a combination of these services, opting to sell and repair equipment, or use an electrical store as a base from which contractors work. There are plenty of options for those looking to start a business or a franchise in the electrical sector.

With technology becoming more sophisticated by the day, there will always be a demand for electrical products, from kettles and washing machines to lighting, computers and zero-emission cars. Businesses that can keep up with consumer trends by selling and repairing the latest products will maximise their earning potential. Those that stick to what they know are likely to flounder as time goes on.

To demonstrate the importance of the electrical sector, there are more than 3,000 household appliance stores in the UK, and more than 375 electrical equipment manufacturing businesses in the UK that make a revenue of over £5 million. What’s more, there are over 265,000 electricians and electrical fitters currently working in the UK, an increase of 31,000 since 2013 (Statista).

Read more:

• Local Electricians: Create Your Own Business
• How to Become an Electrician with Your Own Business
• Start an Electrical Services Franchise and Become a Bright Spark
• Electric Company: Are There Franchises?

The industry is growing, and therefore it is a fantastic time for budding entrepreneurs to start up an electrical franchise.

Things to Bear in Mind

• Image. Most consumers will rate your business by the way it presents itself. Many may even be suspicious if businesses don’t provide any photographs on their website. A high-quality photograph – or, better still, a gallery of photographs – should positively impact a business’s customer base. Of course, any photographs should portray the business as highly professional with high-quality equipment.
• Website optimisation. Websites that rank in the top few results on a search engine are much more likely to get higher numbers of customer enquiries – gone are the days when people leaf through the yellow pages to find local businesses. Therefore, you should be taking reasonable efforts to improve your online search engine ranking. Employing a digital specialist to optimise your website should help to direct traffic to your business.
• Communication. Once customers have found your brand, it is important that they come back in the future. Be sure to keep in touch with customers and encourage them to leave feedback – good or bad. This will help you to improve any areas of the business customers aren’t happy with and eliminate any reason for them not to return.

Electrical Franchise Opportunities

There are plenty of businesses to choose from when it comes to joining the electrical equipment sector.

Pro-Electrical

This franchise has been in the business for more than 20 years and has risen through the ranks to become one of the leading electrical contractors in the Surrey and Sussex region. The company offers a complete service in electrical work, from consultation and design to installation and maintenance. Currently, Pro-Electrical operates four vehicles and six full-time employees, and reaches an annual turnover of more than £150,000.

The electrical franchise is taking its first steps into franchising and is actively looking for its first franchisee. Those who opt to invest in Pro-Electrical must complete a City and Guilds domestic installer course at a dedicated training centre in order to qualify as a domestic electrician. Following this, franchisees will gain access to a range of business perks, including use of trademarked branding, electrical testing equipment, tools and uniform, guidance on vehicle purchase and website optimisation, network connections and marketing material. Regular visits from the Pro-Electrical team will ensure that the business continues to function at maximum efficiency.

Electrical Franchise Opportunities with Point Franchise

Point Franchise also hosts a range of businesses that offer electrical services. Let’s take a look at some of the options available to investors.

Mr Electric

This is an electrical franchise at the top of its game. Mr Electric can put its huge business growth down to its extensive expertise in electrical installation, maintenance and energy saving services. The electrical franchise provides installations, upgrades, tests and inspections of most electrical products.

Launched in 1994, Mr Electric has more than 200 sites across the world and is on the lookout for single-unit and multi-unit franchisees, in pursuit of its target annual turnover of over £1 million. The average cost of a new Mr Electric branch is £60,000, and in return for this investment, franchisees will be granted training and support in business operations, finance, technology, product knowledge, sales and marketing.

This is a company that truly cares about its customers. Mr Electric knows that electrical installation and maintenance can be expensive, so it has eliminated callout charges from its business model and offers quotes free of charge. What’s more, all services are allocated a fixed price, so there are no nasty surprises for customers further down the line. In addition to this, the company promises that an electrician will arrive at a property within just 45 minutes of their emergency call. This compassion and financial transparency have served Mr Electric well, helping to establish the international presence and shining reputation it enjoys today.

AireServ UK

When opening an electrical franchise, another option is to identify a gap in the market and build on that niche. AireServ UK, for example, are heating and cooling experts that offer heating, air conditioning and refrigeration services to the commercial and domestic markets. This company operates on a similar scale to Mr Electric, managing more than 200 franchises across the world. Having been in the business since 1992, AireServ UK services can be accessed 24 hours a day, 365 days a year.

The company also takes customer satisfaction very seriously, championing ‘clear, cooperative, positive thinking’ and implementing a 'no quibble' guarantee. To start up a franchise under the AireServ UK brand, investors will need to make a payment of £38,000.