Mr. Handyman
For time-starved dual-income families, active individuals and seniors, handyman services are not a discretionary expense but a necessary investment in their most treasured asset—their homes. Mr. Handyman, America’s trusted home repair franchise, fills a unique need by helping prioritize and efficiently manage repairs that increase home values. From decorating and carpentry to electrical and plumbing, Mr. Handyman provides its customers with a one-call, one-stop solution for reliable, efficient, and quality home improvement.
| |
Operating Units |
12/31/2008 |
12/31/2009 |
12/31/2010 |
|---|
| | Franchised |
298 |
304 |
266 |
| | % Change | -- |
2.0% |
-12.5% |
| | Company-Owned |
0 |
0 |
0 |
| | % Change | -- |
-- |
-- |
| | Total |
298 |
304 |
266 |
| | % Change | -- |
2.0% |
-12.5% |
| | Franchised as % of Total |
100.0% |
100.0% |
100.0% |
Investment Required
The initial franchise fee for a Mr. Handyman franchise is $19,900.
Mr. Handyman provides the following range of investments required to open your initial franchise. The range assumes that all items are paid for in cash. To the extent that you choose to finance any of these expense items, your front-end investment could be substantially reduced.
| |
Item | Established Low Range | Established High Range |
| | Franchise Fee |
$19,900 |
$19,900 |
| |
Territory Fee |
$30,000 |
$30,000 |
| |
Initial Package Fee |
$9,500 |
$9,500 |
| |
Vehicle - Lease Deposit |
$1,950 |
$3,900 |
| |
Real Estate and Utility Deposit |
$250 |
$1,000 |
| |
Furnitures, Fixtures and Office Equipment |
$0 |
$1,500 |
| |
Tools and Equipment to Equip One Van |
$1,000 |
$2,000 |
| |
Permits and Licenses |
$100 |
$1,000 |
| |
Prepaid Insurance Premiums (3 Months) |
$1,800 |
$2,800 |
| |
Expenses While Training |
$3,000 |
$3,500 |
|
Additional Funds (3 Months) |
$34,500 |
$54,000 |
| |
Total Initial Investment |
$102,000 |
$129,100 |
Ongoing Expenses
Mr. Handyman franchisees pay continuing franchise fees equal to 7% of gross sales plus continuing advertising contributions equal to 1.25% of gross sales.
What You Get—Training and Support
Mr. Handyman franchisees undergo a four to six week Right Start Training pre-opening program that covers everything from general business operations to marketing and advertising.
Additionally, franchisees spend one week of initial training at the Mr. Handyman corporate office in Ann Arbor. Franchisees have access to in-field training and ongoing support through our intranet site, toll free phone support, conference calls, regional meetings, conventions, and must-read publications. Mr. Handyman franchisees also have access to Toolbox, Mr. Handyman’s proprietary management software.
Territory
Mr. Handyman grants exclusive territories.
Note: The tables and information regarding the number of operating units, investment required, on-going expenses, training and territory grants were taken from the company’s 2011 FDD. The 2011 write-ups will be incorporated into the 2011 Edition of Bond’s Top 100 Franchises publication.
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