Mr. Handyman: Building Success One Fix at a Time
How Mr. Handyman Started
Mr. Handyman started with a straightforward yet powerful mission: to provide homeowners with reliable, skilled handymen who could tackle a wide range of home repair and maintenance tasks. Founded in 1996 by David Lavalle in Chelmsford, Massachusetts, Mr. Handyman aimed to fill a gap in the market for dependable and professional handyman services. Lavalle's vision was to create a trusted brand that homeowners could rely on for everything from minor repairs to major home improvement projects.
The Expansion Journey
From its modest beginnings, Mr. Handyman quickly expanded, becoming a leading franchise in the home repair industry. The company's growth was fueled by its commitment to exceptional service, professionalism, and customer satisfaction. By providing franchisees with comprehensive training and support, Mr. Handyman ensured consistent quality across its locations. Today, Mr. Handyman operates over 200 franchises in the United States and Canada, helping countless homeowners keep their homes in top condition.
Mr. Handyman Fun Facts
- Mr. Handyman technicians arrive in branded vans stocked with a wide variety of tools and supplies, ready to tackle almost any home repair job on the spot.
- The company emphasizes the importance of background checks and rigorous training for all its technicians, ensuring homeowners feel safe and confident with the services provided.
- Mr. Handyman has been featured on various TV shows and in numerous publications, highlighting its expertise and reputation in the home repair industry.
The Road Ahead
As Mr. Handyman continues to grow, it remains dedicated to innovation and excellence in the home repair industry. The company is constantly exploring new technologies and techniques to improve its services and support its franchisees. With a strong foundation and a commitment to customer satisfaction, Mr. Handyman is poised to remain a leader in the industry. The future looks bright as the franchise continues to expand, helping more homeowners and businesses maintain and improve their properties with professional and reliable handyman services.
Mr. Handyman Franchise Numbers
Downpayment
- New Location: $60,000 - $130,000
- Existing Location: $50,000 - $100,000 (depends on location and current profitability)
- Multiple Locations: Varies based on the number of locations and market; often a discounted rate is available for multiple units
Financing
- Royalty: 7% of gross sales
- Rent: Varies by location; typical commercial rates apply
- Lease Fee: Included in the initial investment; typically no separate lease fee unless specified by the property owner
Ongoing Fees
- Marketing Fee: 2% of gross sales
- Technology Fee: Varies, but usually around $300 per month
- Additional Support Fees: Can include training, ongoing support, and system maintenance, varying based on franchise agreement
Average Cost/Revenue/EBITDA
- Initial Investment: $117,500 - $149,100 (including initial downpayment)
- Average Annual Revenue: $500,000 - $1,000,000 per location
- EBITDA: Typically ranges from 15% - 20% of revenue
Investment Level to Income Projection Rating
- Rating: ★★★★☆
Notes
- Strong brand recognition and support system
- Proven business model with consistent demand for handyman services
- Initial and ongoing support from the franchisor
- Potential for high revenue with efficient operations
- Mr. Handyman offers a "Done Right Promise," guaranteeing that if something isn't done right, they will make it right, providing peace of mind for homeowners.
- The company provides services for both residential and commercial properties, making it a versatile solution for a wide range of repair and maintenance needs.
- Mr. Handyman franchisees benefit from a comprehensive support system, including marketing assistance, business coaching, and ongoing training, ensuring their success.
Mr. Handyman: A Viable Venture for New Franchisees
Summary
Mr. Handyman is a leading franchise in the home repair and maintenance industry, providing a wide range of services from carpentry and drywall repair to painting, flooring, and more. Established in 1996 and now part of the Neighborly family of brands, Mr. Handyman boasts a strong reputation for reliability and quality workmanship, with over 300 locations across the United States and Canada.
Viability as a New Business Venture
For potential franchisees, Mr. Handyman offers several compelling advantages:
- Brand Recognition: Mr. Handyman benefits from the strong brand reputation and customer trust established over decades of service, making it easier to attract and retain customers.
- Diverse Service Offerings: The franchise provides a broad spectrum of home improvement and maintenance services, allowing franchisees to cater to various customer needs and maximize revenue streams.
- Comprehensive Support: Franchisees receive extensive training and ongoing support from the franchisor, including marketing, operations, and technical assistance, which helps in running a successful business.
- Growing Industry: The home repair and maintenance industry is experiencing growth, driven by increasing home ownership and aging housing stock, ensuring a steady demand for services.
- Flexible Business Model: Mr. Handyman offers a home-based business model, reducing overhead costs and allowing franchisees to scale their operations as needed.
Available Locations and Territories
Mr. Handyman continues to expand its footprint, with numerous franchise opportunities available across various regions. Prospective franchisees can explore available territories by contacting the Mr. Handyman franchising team or visiting their website to view current openings. Key opportunities exist in suburban and urban areas experiencing housing growth and demand for home maintenance services.
Star Rating
Considering the strong brand recognition, diverse service offerings, comprehensive support, and the growing demand in the industry, Mr. Handyman scores high in terms of viability for new franchisees:
⭐️⭐️⭐️⭐️⭐️
With a 5-star rating, Mr. Handyman represents an excellent opportunity for those looking to invest in a franchise with a proven business model and robust support system.
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