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mr handyman

Mr. Handyman Franchise Spotlight

There are a wide variety of residential service franchises that you can choose from, and maintenance service businesses are among the most popular because of their traditionally low overhead costs and the potential for steady growth. Mr. Handyman is a maintenance franchise that has earned accolades for its impeccable service, high-quality work, and outstanding growth opportunities.

Franchise History

Mr. Handyman began as an answer to a question that homeowners face all of the time: “Where can I find a reliable maintenance solution for a diverse array of problems, including both big and small jobs?” In response, Mr. Handyman employs a versatile group of maintenance professionals who pride themselves on doing the job the right way the first time.

The company was founded in 1996 in Chelmsford, MA, and it operated independently for a few years. Following an acquisition in 2000, the company began to issue franchise licenses. Mr. Handyman is now a part of the Dwyer Group, and its franchises have serviced approximately 1 million customers throughout North America.

Investment Range

If you are interested in opening a Mr. Handyman franchise, you should plan for a total investment between $106,500 and $138,100. All potential franchise opportunities are unique, and total investment costs will always be evaluated on a case-by-case basis to ensure ideal results for the franchisee, franchisor, and potential customers.

As you begin your journey towards becoming a Mr. Handyman franchise owner, you will meet with a Franchise Developer who will assess specific criteria and answer any questions you may have about your estimated investment costs. Some of the factors that may determine the total amount of your investment include:

  • Size, make-up, and distribution of the territory
  • Level of existing infrastructure
  • Amount of current business
  • Potential expansions

Typical Start-up Costs and Franchise Fees

The initial franchise fee for opening a Mr. Handyman location is $49,900. This fee grants you access to a nationally-recognized brand, use of all registered trademarks, a proprietary business model that will allow you to service your customers with excellence and efficiency, and much more.

Mr. Handyman is also proud to partner with VetFran, which is an initiative dedicated to increasing access to opportunities for small business ownership for our nation’s veterans. Veterans who have been honorably discharged and meet the requirements set forth by the VetFran program are eligible to receive a 15% discount off the normal franchise fee.

In terms of additional start-up costs, you may be able to utilize certain financing options in order to reduce your liquid capital commitment early in the process. These options include IRA accounts, small business loans, credit cards, 401k rollovers, etc.

Facts and Figures

For over 15 years, Mr. Handyman franchises have been helping homeowners in communities throughout North America, creating high-quality jobs for maintenance professionals, and allowing franchise owners to invest in opportunities for growth. Here are some additional facts that outline why Mr. Handyman is such a valuable franchise opportunity for many budding small business owners:

  • Mr. Handyman franchises are part of the service economy, the largest segment of the world economy
  • There are currently over 200 Mr. Handyman franchises in operation
  • The Mr. Handyman brand is seeking to expand to over 20 specific markets in the U.S., but opportunities are available in many other areas as well
  • Existing business owners may be ale to convert their operations to a Mr. Handyman franchise

Next Steps

If you’re considering a franchise investment or just have questions, feel free to contact one of our franchise specialists to learn more about the process and all the different franchise opportunities by completing our request form or calling 1-877-650-5551.

Handy

Handy? Why You Should Buy A Handyman Franchise

For aspiring business owners who know their way around a set of tools, opening a handyman franchise can offer incredible benefits for the investment. In most cases, you don’t need much to get started, and you can scale the business according to your own growth expectations.

As a handy person, you already possess a set of skills that can be incredibly useful in a broad range of circumstances. Why not use those skills to everyone’s advantage by helping people when the need it most while earning money at the same time?

Take advantage of the skills and expertise you already have

Having a special skill is what drives many people to start their own business. People who are handy and skilled with repair work have an exceptional opportunity to take advantage of their skills that are always in demand.

Unlike some home services such as real estate, building, and contracting, which can fluctuate wildly depending upon macroeconomic conditions and government regulations, handyman franchises are relatively recession-proof. People will always need to have things fixed around their home, and in most cases, they won’t have the luxury to wait for a stronger economy to do so.

Build long-term relationships with your clients

One of the best benefits of opening a handyman franchise, like with many types of service franchises, is the potential to forge long-term, mutually-beneficial relationships with clients in the area. For a franchise owner that is able to cultivate a sense of trust throughout the community, there could be a steady stream of business for years to come.

This level of trust is especially important in a service franchise business, because customers can’t simply return a product if they are unhappy with it. That is one reason why when local customers find a service they can rely on, they tend to stick with it.

Create opportunities for growth in your business

Handyman franchises are a great choice for aspiring franchise owners with a wide variety of budgets. As you’re starting out, you can operate out of a small office with cheaper rent, and your overhead is typically low, especially when compared to retail franchise businesses. Service companies often a great choice for novice franchise owners who are handy with repairs, because they can start simply and grow as needed.

As the business grows, the owner may choose to expand into other areas of expertise, such as tool sales or other types of repairs and services. This is, of course, dependent upon the brand standards and flexibility of the specific franchise, but there is often ample room for growth in these types of businesses.

Grow your role as a valued member of the community

Repair shop franchise owners play an important role in their community, as they assist many residents and commercial property owners when they need help the most. They may also become an important employer in the local area, and can help contribute to important causes throughout the community. Your skills with repairs can be incredibly valuable for the residents of your area, and you can put them to work for the good of the community.

Next Steps

If you’re considering a franchise investment or just have questions, feel free to contact one of our franchise specialists to learn more about the process and all the different franchise opportunities by completing our request form or calling 1-877-650-5551.

mansion

Could You Be The Next Blue Collar Franchise Millionaire?  

Who says the way to a seven-figure net worth is sitting in front of a computer in an office for 40 years? It’s possible to do real, hands-on work while being more than just an average wage-earner, and the key to this success is starting a franchise business. You’ll get all the benefits that come from owning your own company, including the business’ profits, but you’ll still be able to do the kinds of work that you appreciate.

Start small, grow quickly

It is possible to start a franchise with a relatively modest amount of savings. Some service franchise concepts can be purchased for as little as $10,000—$20,000. Now, you won’t be buying a five-star hotel with that kind of money, but that’s not what being a blue-collar franchise millionaire is all about, anyway.

With these types of businesses, you’ll often have the benefit of starting out with low overhead and operational costs, meaning that you can enjoy robust operating margins right from the beginning. You can funnel these profits back into the company in the form of marketing, upgraded equipment, new service initiatives, etc., and build rapid growth.

Enjoy the support of a corporate parent company

Franchise ownership comes with the built-in support of the parent franchise company. Some of the benefits that franchise owners often receive include:

  • National marketing and advertising
  • Process manuals
  • Hiring and training assistance
  • Legal help

For budding blue collar franchise millionaires who don’t have any previous experience owning a business, this kind of support can be integral to success. When you own a franchise business, you don’t have to start completely from scratch and figure everything out on your own.

Stay connected to the customers

Customers trust business owners who are willing to get their hands dirty. That’s because they can see that these types of owners care so much about their company that they are willing to take on any task that will help make the customer happy. It’s a far cry from the typical perception of the owner/CEO who sits at desk all day and tells other people what to do.

As a franchise owner, you have a unique opportunity to prove your dedication to your customers by performing whatever task needs to be done. This deep involvement with the day-to-day realities of the work will help you connect to your target market and create lasting relationships.

Live your obsession

Whether you’re an engineer who builds intricate things or a landscaper whose pathways are always perfectly edged, you’ve probably dreamed of getting to do something you love and make money at the same time. Whatever type of work you engage in, there’s most likely a franchise business that will allow you to do it while being an owner at the same time. For a reasonable investment, you can start a company that has the potential to quickly become profitable and grow, and will make a real impact in the lives of your customers. If you play your cards right, you might even be the next blue collar franchise millionaire!

Next Steps

If you’re considering a franchise investment or just have questions, feel free to contact one of our franchise specialists to learn more about the process and all the different franchise opportunities by completing our request form or calling 1-877-650-5551.

Source: http://www.cnbc.com/blue-collar-millionaires/