HandyPro Franchise FDD, Costs & Fees (2024)
KEY FRANCHISE STATS
All you need to know about this franchise in a snapshot
Initial franchise fee
$9,500
Investment required
$70,000 - $130,000
HandyPro: Leading the Way in Home Modification and Handyman Services
HandyPro is a franchise specializing in handyman services and home modifications, particularly catering to the needs of seniors and individuals with disabilities. The company was founded in 1996 in Farmington, Michigan, where it also maintains its headquarters.
Recognizing a significant market opportunity in providing home modifications that enable older adults to live independently, HandyPro began franchising in 2002, expanding its services across the United States.
HandyPro sets itself apart in the crowded home services industry by focusing on ADA-compliant accessibility solutions, including the installation of grab bars, wheelchair ramps, and walk-in showers.
This specialization, coupled with a comprehensive range of general handyman services, allows HandyPro to offer a unique blend of expertise that meets the specific needs of an aging population.
Initial investment
Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.
| Type of Expenditure | Amount |
| Initial Franchise Fee | $9,500 |
| Territory Fee | $39,500 |
| Additional Territory Fee | $0 - $18,000 |
| Training and Follow-up Operational Assistance Expenses | $950 - $2,150 |
| Vehicle | $3,530 - $19,133 |
| Equipment, Supplies & Inventory | $950 - $4,150 |
| Marketing Package | $1,500 |
| Insurance | $300 - $5,000 |
| Home Modification Training Fees | $1,410 |
| Real Estate and Improvements (3-months) | $0 - $2,400 |
| Initial Marketing Expenditures (3-months) | $5,200 - $7,300 |
| Bookkeeping Services | $1,000 - $1,700 |
| Answering/Scheduling Services | $0 - $2,900 |
| Additional Funds (3-months) | $6,000 - $15,000 |
| TOTAL ESTIMATED INITIAL INVESTMENT | $69,840 - $129,643 |
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Franchise Disclosure Document
Training
HandyPro provides a structured training program to ensure franchisees are well-prepared to operate their businesses effectively. The training programs include:
- Initial Hands-On Training: Franchisees attend an intensive, hands-on training program at HandyPro's training school. This training covers all the essential aspects of running the business, from operations to customer service, ensuring that franchisees are equipped to manage daily tasks efficiently.
- Project Management Training: Franchisees receive specialized training in project management, which includes hiring and managing both specialized employees and subcontractors. This ensures that the services offered meet the high standards expected by HandyPro customers.
- Financial and Marketing Training: Franchisees are taught financial management practices, as well as local marketing strategies to help grow their business in their specific market. This training is crucial for maintaining profitability and attracting new customers.
- Ongoing Support and Training: After the initial training, HandyPro offers continuous support through various resources. These include an operations manual, monthly conference calls with other franchisees, and regular franchise conventions. This ongoing training ensures that franchisees stay updated with new techniques, best practices, and any industry changes that may affect their business.
Territory Protection
HandyPro franchise offers territory protection to its franchisees, ensuring that each franchisee operates within a designated area without competition from other HandyPro franchises. This exclusive territory is defined by specific geographic boundaries, which helps franchisees build their customer base and grow their business without the risk of overlap from another franchisee.
This territorial protection is a key component of HandyPro’s franchise agreement, allowing franchisees to maximize their market potential in a defined area.
The protected territory provided by HandyPro typically includes a set number of households or businesses, ensuring that the franchisee has a sufficient customer base to achieve their business goals.
