Ace Handyman Services is a business providing home repair and maintenance services. The franchise offers both residential and commercial services, ranging from small repairs to larger renovation projects.
Key Insights
- Ace Handyman Services started with a clear vision to establish new benchmarks of excellence within their field, combining industry expertise with customer-focused innovation to create sustainable competitive advantages that benefit both franchisees and the communities they serve.
- Emergency response protocols enable rapid deployment of trained technicians to minimize additional property damage through immediate assessment and protective measures, providing property owners with peace of mind during stressful situations while beginning restoration work promptly.
- Regulatory developments create opportunities for professional service providers who maintain compliance standards and quality certifications, establishing competitive advantages for businesses that invest in proper training, procedures, and documentation to meet industry requirements.
Franchise Fee and Costs to Open
Exploring the financial picture of Ace Handyman Services gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $131,997 - $223,797, along with a franchise fee of $70,000 - $100,000.
Financial Performance and Revenue
Yearly gross sales of $410,868 and estimated earnings of $49,305 - $61,631 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 3.7-5.7 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Ace Handyman Services provides comprehensive initial training for new franchisees. This training program is approximately two weeks in duration and is conducted at their headquarters. The franchisor offers extensive resources covering operational systems, marketing strategies, and business development. Ace Handyman Services recommends leveraging these tools for a strong start.
Legal Considerations
Legal considerations for a Ace Handyman Services franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
Franchisees may navigate a landscape featuring established local competitors and evolving consumer demand. Effectively managing a diverse range of services requires robust operational systems for scheduling, workforce allocation, and quality control. Dependence on specific material suppliers presents a consideration for inventory management and project timelines, influencing project completion.
Franchise Datasheet
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