The budget to start and run an electricial business will depend on the exact concept and location.
A small local electrician using their own assets (property or vehicle) rather than renting out premises will help reduce costs considerably.
A large electrical business operating in the heart of London would require much greater startup costs than one operating in Newcastle due to higher overhead costs (advertising, insurance, rent).
As an example, in our electrician business plan template the total initial funding requirement amounted to €28,000, with the founders contributing €18,000.
In order to assess the exact budget for your electrician idea, you need to do a financial forecast using a financial projection tool such as the one we offer.