Signing out of account, Standby...
- 2022 Franchise 500 Rank
N/R Not ranked last year
- Initial investment
$99K - $150K
- Units as of 2022
61 10% over 3 years
Here’s what you need to know if you’re interested in opening a Handyman Connection franchise.
Handyman Connection has been providing home improvement services since its founding in 1990. The company began franchising a year later. To date, they have handled more than one million requests. The range of services offered includes remodeling, drywall, painting, fencing, carpentry, tile and flooring, plumbing, storage, maintenance and installations, and deck repair and installation.
Aging in place services are also provided, making it easier and safer for senior citizens to live within their own space. Making home spaces and lives better for individuals is one of the reasons why your community may benefit from a Handyman Connection franchise.
Why You May Want to Start a Handyman Connection Franchise
As a Handyman Connection franchisee, you will be responsible for your employed craftsmen and driving more business by marketing your business. Although you are to provide direction to the craftsmen and run your business locally, you must stick to the Handyman Connection brand guidelines.
The benefit of opening a Handyman Connection location may be that you will get to leverage the well-known brand name. Handyman Connection has also taken action to adapt to the changes in the business environment and has adjusted their brand position.
Handyman Connection may stand out from the competition because they are using technology to advance their services. Your community will benefit from the convenience and trust that Handyman Connection offers through the small and medium-sized handyman services.
What Might Make a Handyman Connection Franchise a Good Choice?
An ideal candidate for a Handyman Connection franchisee is someone who not only meets the financial requirements, but is also dedicated to deliver on the job and invest in continuous development. The demand for home improvement services is steady, and the best thing about this business may be that you might not need to keep the inventory, as you will be linking clients to craftsmen.
To be part of the Handyman Connection team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. Additionally, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.
With your franchise investment, you may receive training and support from the Handyman Connection team. You will also be given access to a management software tool that will help you manage your business effectively. Training includes online and in-person training. Handyman Connection will also provide on-site training at your territory once you have chosen your desired region. The operations support team may have weekly calls with you, providing ongoing support as needed.
How Do You Open a Handyman Connection Franchise?
As you decide if opening a Handyman Connection franchise is the right opportunity for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a Handyman Connection franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.
Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the Handyman Connection franchising team questions.
About Handyman Connection
- Franchising Since
- 1991 (31 years)
- # of employees at HQ
- Where seeking
This company is seeking new franchisees throughout the US.
This company is seeking new franchisees in the following international regions: Canada
- # of Units
- 61 (as of 2022)
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Handyman Connection franchise.
Financial Requirements & Ongoing Fees
Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
- Initial Franchise Fee
Definition: The initial fee paid to a franchisor to join their system
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
- Initial Investment
- $98,922 - $149,874
Definition: The total amount necessary to begin operation of the franchise
What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.
- Net Worth Requirement
Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company
What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.
- Cash Requirement
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
- Veteran Incentives
- $7,500 off franchise fee
Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.
- Royalty Fee
Definition: A ongoing fee paid to the franchisor on a regular basis.
What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.
- Ad Royalty Fee
Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts.
What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.
- Term of Agreement
- 10 years
Definition: The length of time your franchise agreement will last.
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
- Is franchise term renewable?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- Third Party Financing
- Handyman Connection has relationships with third-party sources which offer financing to cover the following: franchise fee
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- On-The-Job Training
- 30 hours
- Classroom Training
- 146 hours
- Additional Training
- As needed
- Ongoing Support
NewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportField OperationsProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
Ad TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail Marketing
Additional details about running this franchise.
- Is absentee ownership allowed?
Definition: Absentee ownership means that the franchisee does not actively work in the franchise business or manage day-to-day operations.
- Can this franchise be run from home/mobile unit?
Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.
- Can this franchise be run part time?
Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.
- # of employees required to run
- Are exclusive territories available?
Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened.
What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.
Franchise 500 Ranking History
Compare where Handyman Connection landed on this year’s Franchise 500 Ranking versus previous years.
Are you eager to see what else is out there? Browse more franchises that are similar to Handyman Connection.
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