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- 2022 Franchise 500 Rank
N/R Not ranked last year
- Initial investment
$71K - $130K
- Units as of 2021
10 47% over 3 years
Here’s what you need to know if you’re interested in opening a HandyPro franchise.
Driven by the principles of honesty and trust, HandyPro was established in 1996 by Keith Paul. HandyPro strives to offer pocket-friendly solutions to home maintenance and repairs. HandyPro specializes in making homes colorful, lively, and more comfortable to live in. HandyPro also installs devices and equipment required to establish an independent living environment.
In an industry some believe can be characterized by broken promises, HandyPro aims to reinstate integrity in the industry.
HandyPro began franchising in 2000 and has several franchises throughout the United States.
Why You May Want To Start a HandyPro Franchise
HandyPro’s focus may be client-specific as opposed to product-specific. HandyPro takes a keen interest in their clients and helps them create the homes of their dreams. HandyPro franchisees can offer residential and commercial services, which may help their franchise succeed.
HandyPro services include plumbing, painting, electrical, tile and drywall repairs, and installation. HandyPro also provides home-modification services that help seniors and people with disabilities. Such services include wheelchair ramp installation and doorway widening.
Integrity, professionalism, quality, and politeness are some values that drive HandyPro. HandyPro is dedicated to collaborating with franchisees by assisting others in modifying their homes. Leaders, team players, good networkers, and those committed to personal and business growth may be ideal HandyPro franchise candidates. HandyPro franchisees should also possess good interpersonal skills and value their clients.
What Might Make a HandyPro Franchise a Good Choice?
Opening aHandyPro franchise could offer a more predictable outcome than investing in a completely new brand that may struggle to thrive in an already crowded and competitive industry.
To be part of the HandyPro franchise 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, or renewal fees. Franchisees will also need to meet the company’s set net worth and liquid capital requirements.
How To Open a HandyPro Franchise
As you decide if opening a HandyPro 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 HandyPro 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 the HandyPro franchise, it is crucial that you 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 HandyPro franchising team questions.
If awarded a franchise, franchisees may receive support from the HandyPro brand throughout the franchising process. In addition to pre-opening training, HandyPro franchisees receive support through brand awareness, marketing, and research. Franchisees may also receive hands-on training and continued support after their franchise location has opened.
It may be a good idea to speak with an attorney or financial advisor to ensure that you have the necessary financial resources to own and operate a HandyPro franchise.
- Franchising Since
- 2000 (22 years)
- # of employees at HQ
- Where seeking
This company is seeking new franchisees throughout the US.
- # of Units
- 10 (as of 2021)
Information for Franchisees
Here’s what you need to know if you’re interested in opening a HandyPro 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
- $70,640 - $129,643
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
- 25% 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
- 5 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?
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
- Up to 6 hours
- Classroom Training
- Up to 24 hours
- Ongoing Support
Purchasing Co-opsNewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
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 HandyPro 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 HandyPro.
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