Handyman Franchises

Handyman franchises are business enterprises that are affiliated with major handyman companies and service providers. An entrepreneur purchases a deal from any of these companies to manage and operate under the chosen company’s name. The franchise owner hires, organizes, and manages a team of handypersons. He/She is in charge of the overall business operation provided that the enterprise meets certain regulations set by the handyman franchising company.

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Profitability

Handypersons are gradually on the rise. People spend more for home projects like home improvements, repairs and fixes, and maintenance. However, they don’t have the time to tend to these projects and so; they rent the services of handymen. The opportunities for handypersons are generally endless. It is no wonder that investments in handyman franchises have increased. As compared to independent handymen, having a franchise under an established and reputable handyman franchise attracts more clients. Additionally, a franchise business offers more services in home maintenance and repair.

Is it for you?

If you plan to engage in a handyman franchise, there are several points to consider, ensuring that you will last long in the business.

Interest. Ask yourself, “Am I interested in the home improvement industry?” If you are willing to channel most of your efforts to home improvement and you see the industry as an exciting job opportunity, then handyman franchising is definitely for you!

Submission. Are you willing to abide by the operating protocol, rules, and regulations of an established handyman company? Although you have the makings of a successful entrepreneur, you still have to possess a cooperative spirit with your franchising company to truly be successful.

Business Skills. Having a franchise requires you to be hands-on. You should have effective managerial and business leadership skills to thrive in the handyman franchising industry. You should also be proficient in your marketing and networking activities to increase your client base. Running a handyman franchise also requires you to conduct regular researches on industry trends. Researches are profitable in knowing your competitors and the determining your clients’ needs and satisfaction meters.

Funding. Franchising involves a lot of money. Handyman franchising fees generally start at $40,000 minus additional costs. Separately, you would also need to invest in equipment, an operations headquarters, transportation means, and employee salary and benefits.

Getting Started

Presented below are the essentials when building a handyman franchise.

Prospecting. Choose a reputable handyman franchise company. Examples of such companies are Mr. Handyman, House Doctors, Handyman Connection, and Handyman Matters. Make inquiries with industry professionals or franchisees on their experiences regarding each company.

Licensing. Visit your local Chamber of Commerce or head of state to inquire about the licensing requirements or work permit for your business enterprise. Certain services like plumbing and electrical wiring require the handyman to be licensed.

Insurance and Bonding. It is imperative for you to insure your business in case your employees meet accidents in the course of their job. Bonding is for accidents incurred to the property of your clients.

Funding. If you don’t have ample capital, you can consider getting a business loan from banks or organizations. They have packages for small- and micro-business financing.

Purchases. Once you have obtained a franchise contract and the legal documents, you need to shop around for handyman equipment and parts. Approach several handyman suppliers and compare product and price quotes. Choose a provider that gives the best materials at affordable prices. You would also need some transportation means like a van for your employees.

Promotion. Market your business to your community and neighboring areas through a variety of print and broadcast media. You could also consider bringing your marketing efforts online by putting up a website and establishing an online professional network.