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This company is no longer franchising.
- 2022 Franchise 500 Rank
N/R Not ranked last year
- Initial investment
$104K - $148K
- Units as of 2021
Here’s what you need to know if you’re interested in opening a Handyman Pro franchise.
Handyman Pro was founded in 2018 by Gerald Thompson in Charlottesville, Virginia. It was not long after that the company came under the direction of parent company Premium Service Brands and began franchising.
Handyman Pro helps customers in the areas of home repair and remodeling. Franchisees help customers in the areas of carpentry, electrical, gutters, siding, windows, doors, plumbing, construction cleanup, furniture assembly, and more.
Since beginning to franchise, Handyman Pro has opened several locations throughout the United States and Canada. It is actively seeking to add franchisees located in both the United States and Canada to its team.
Why You May Want To Start a Handyman Pro Franchise
As Handyman Pro expands throughout the United States and Canada, the brand is looking for franchisees passionate about helping people. Handyman Pro prefers that candidates have some experience in home repair and/or the remodeling industry.
Handyman Pro franchisees need to have good leadership skills, as they will manage a team of employees. Franchisees may also need to have excellent time management and communication skills. Customer satisfaction may greatly impact how well a Handyman Pro franchise does, so having customer service experience may be a benefit.
As a franchisee for Handyman Pro, you are not expected to field calls, answer emails, and care for a website on your own. The company maintains an in-house customer care center that may do all of that for you. The customer care center also schedules appointments to your online calendar. This added service may allow you to fully focus on each day’s job.
What Might Make a Handyman Pro Franchise a Good Choice?
To keep improving your location and brand, franchisees have the opportunity to attend Handyman Pro’s national convention each year. This convention gives franchisees the chance to collaborate with industry experts and other Handyman Pro franchisees.
To be part of the Handyman Pro team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, 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.
How to Open a Handyman Pro Franchise
As you decide if opening a Handyman Pro franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a Handyman Pro 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 with Handyman Pro, 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 Pro franchising team questions.
If awarded a Handyman Pro franchise, franchisees receive a great deal of support from the Handyman Pro brand throughout the franchising process. In addition to pre-opening training, Handyman Pro franchisees receive support through brand awareness, marketing, research, and construction. Handyman Pro franchisees may also receive hands-on training and continued support after their franchise location has opened.
About Handyman Pro
- Franchising Since
- 2018 (4 years)
- # of employees at HQ
- Where seeking
This company is seeking new franchisees in the following US states: Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming
This company is seeking new franchisees in the following international regions: Canada
- # of Units
- 6 (as of 2021)
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Handyman Pro 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
- $103,850 - $147,500
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
- 10% 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 Pro has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll
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
- 4 hours
- Classroom Training
- 76 hours
- Ongoing Support
NewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresField OperationsProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
Ad TemplatesRegional 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.
- 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.
Curious to know where Handyman Pro ranked on other franchise lists? Find out below.
Are you eager to see what else is out there? Browse more franchises that are similar to Handyman Pro.
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