Mr. Handyman Franchise FDD, Costs & Fees (2024)

KEY FRANCHISE STATS

All you need to know about this franchise in a snapshot

Initial franchise fee
$65,000
Investment required
$123,000 - $160,000
Royalty fee
7.00%

Mr. Handyman: Your Trusted Partner in Home Maintenance Since 1996

Established in 1996 in Chelmsford, Massachusetts, by David Lavalle, Mr. Handyman has grown into a leading franchise offering comprehensive residential and commercial repair, maintenance, and improvement services. In 2000, the company began franchising, expanding its reach across the United States and Canada. Today, Mr. Handyman operates over 350 locations, providing reliable and professional handyman services to a diverse clientele.

Headquartered in Waco, Texas, Mr. Handyman is a subsidiary of Neighborly, the world's largest home services franchisor. This affiliation enhances the brand's capabilities, offering franchise owners extensive support and resources. The franchise provides a wide array of services, including carpentry, drywall repair, painting, and more, catering to both homeowners and businesses seeking dependable maintenance solutions.

What sets Mr. Handyman apart is its commitment to professionalism and customer satisfaction. Technicians are fully insured, uniformed, and bring an average of 10 years of experience, ensuring high-quality workmanship. The company emphasizes convenience and trustworthiness, scheduling appointments at clients' convenience and guaranteeing all work performed. This dedication to excellence has solidified Mr. Handyman's reputation as a trusted partner in the home maintenance industry.

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 Licensing Fee $65,000
Initial Package Fee $5,500
Vehicle Expenses - 3 months $2,350 - $4,300
Computer Hardware Package $3,500 - $6,000
Real Estate and Utility Deposit – 3 months $750 - $3,000
Furniture, Fixtures and Office Equipment $0 - $1,500
Tools and Equipment to Equip One Van $1,000 - $2,000
Permits & Licenses $100 - $1,000
Initial Opening Equipment, Uniforms and Marketing Materials $5,500
Prepaid Insurance Premiums—3 months $1,800 - $2,800
Training Expenses: Travel, Food, and Lodging $3,000 - $4,000
Professional Fees $0 - $5,000
Additional Funds - 3 months $34,500 - $54,000
TOTAL ESTIMATED INITIAL INVESTMENT $123,000 - $159,600

Get

more

information

about

Mr. Handyman

Interested in becoming a franchisee? Get matched with a franchise consultant to discuss your options. For free
Get a free consultation

Number of units

2024
Franchised units

297

310

329

Company-owned units

0

0

0

Total units

297

310

329

Franchise Disclosure Document

Training

Mr. Handyman, a subsidiary of Neighborly, offers comprehensive training and support to its franchise owners to ensure their success. The cornerstone of this support is the Sure Start program, which pairs new franchisees with a dedicated consultant.

This consultant provides in-depth training in marketing and sales, guiding franchisees through the initial stages of their business operations.

Beyond the initial training, franchisees receive ongoing assistance from a Franchise Business Coach. This coach offers continuous support, addressing questions and helping franchisees navigate challenges as they grow their business.

Additionally, Mr. Handyman provides access to a wealth of resources, including marketing materials, operational support systems, and vendor discounts, all designed to help franchise owners build a solid foundation for success.

Territory Protection

Mr. Handyman offers its franchisees designated territories with limited protection. Each franchise agreement specifies a territory, typically encompassing approximately 60,000 target households that meet the company's demographic criteria.

Within this territory, the franchisor agrees not to operate or grant another Mr. Handyman franchise, provided the franchisee complies fully with the franchise agreement. This territorial protection ensures that franchisees can develop their market without direct competition from other Mr. Handyman franchises.

However, it's important to note that this protection is limited; the franchisor retains certain rights, such as marketing and selling services outside the designated territory. Prospective franchisees should thoroughly review the franchise disclosure document to understand the specifics of territorial rights and any limitations involved.

Similar franchises

CertaPro Painters Franchise FDD, Costs & Fees (2024)

CertaPro Painters

Investment required
$171,000 - $321,000
911 Restoration Franchise FDD, Costs & Fees (2024)

911 Restoration

Investment required
$102,000 - $247,000
Granite Garage Floors Franchise FDD, Costs & Fees (2024)

Granite Garage Floors

Investment required
$199,000 - $400,000
Budget Blinds Franchise FDD, Costs & Fees (2024)

Budget Blinds

Investment required
$101,000 - $211,000