Franchise Summary
Description
The franchised business being offered is MR. HANDYMAN, which provides professional, safe, and reliable residential and business maintenance, repair, and improvement services.
Company Background
The Mr. Handyman Franchise is a business opportunity that allows entrepreneurs to become their own boss and provide residential and commercial repair, maintenance, and improvement services as part of the Mr. Handyman system. The franchisee will be provided with a proven business system that includes marketing strategies, training materials, established relationships with suppliers and contractors, an exclusive territory map for service areas in North America where there are no other franchisees within a 30-mile radius from your location.
Franchise Opportunity
Owning a business is hard enough, but running a franchise of any kind adds even more complexity to the mix. The Mr. Handyman Franchise system has been around for over 30 years and we have an extensive support network to help you run your business smoothly. We've got everything you need to succeed with the Mr. Handyman Franchise including training, marketing materials, and ongoing support from our team of experts who can help you every step of the way!
Corporate Structure
The franchisor is Mr. Handyman SPV LLC, a Delaware limited liability company organized on November 13, 2020, with its principal business address at 1010 North University Parks Drive, Waco, Texas 76707. The Mr. Handyman system originated in September 2000. It is a direct, wholly-owned subsidiary of Neighborly Assetco LLC.
Royalties and Marketing Fees
Royalties : 7.0% of revenue
Earnings Transparency
This Franchise discloses slightly less information about the financial performance of their franchisees compared to other franchises in the same industry
Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet
Franchise Types Available
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Employee Contact Database
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Distribution of Mr. Handyman Franchisees
Mr. Handyman Franchise System Development in 2024
FAQ
How much investment do I need to start my own Mr. Handyman business?
Franchisees typically require at least $143,150 to $179,600 investment to get their Mr. Handyman business started
What are the initial franchise fees for Mr. Handyman?
Franchisees typically need to pay at least $70,500 in fees directly to Mr. Handyman in order to earn the right to launch their business
How much money can I make with a Mr. Handyman franchise? What are
the average revenues for a typical Mr. Handyman business?
We haven’t done the math on how much revenue a typical
Mr. Handyman brings in each year. We estimate that other
franchisees in the Home Services industry generate
$1,131,885 revenue, so we would expect
Mr. Handyman to generate a similar amount
How long do I need to commit to running a Mr. Handyman unit? What
is my contractual commitment?
Mr. Handyman franchisees are typically required to sign up to a
10 year contract initially. The renewal length
is 10 years. You can of course exit early but
don’t expect to get any refund!
Accessibility
The Franchisor's investment costs ranges from
$143,150 to $179,600
which is
Much Lower
than the $0 to $0 average in the Maintenance & Repairs industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
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