Rank no. 327 – Handyman Connection – US
Products & Services: Home repairs & remodeling
Number of Locations: 99
Total Investment: $102.9K – 161.57K
Began Franchising: 1991
About Handyman Connection
As chairman of his condominium’s maintenance committee, Arthur Neuman discovered that residents often had trouble finding repairmen. When Marvin Belkin discovered there was room in the marketplace for a small repair business, he and Neuman founded Handyman Connection in 1990. The company began franchising in 1993, with the first franchise in Dayton, Ohio, and now has locations throughout the United States and Canada.
Startup Costs, Ongoing Fees and Financing
Franchise Fee: $50,000
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 10 years, renewable
Net Worth: $250,000
Liquid Cash Available: $100,000
2% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 3. Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators).
|FINANCING TYPE||IN-HOUSE||THIRD PARTY|