Handyman Franchise Opportunities for 2024 | Best Handyman Franchise Revealed
This industry offers general maintenance and repair services to both private and commercial residences, including but not limited to plumbing, painting, flooring, carpentry, drywall, and electrical services. A colloquial description of the handyman industry is the “jack of all trades industry” due to the wide variety of services that it encompasses. Employees working in the handyman industry will generally have to attend vocational school and go through apprenticeship training. The handyman industry is highly dependent on the trajectory of the homeowner industry, as the more homeowners there are, the larger the consumer base for the industry becomes. In this article, we will discuss the trends that have emerged in the cleaning industry and the handyman franchise industry. In addition, we will explore the 5 best handyman franchise opportunities for 2023 ranked by their unit growth.
Overall Cleaning Industry Trends
The COVID-19 pandemic has had a mixed effect on the industry — while some operations had clientele that remained closed throughout the pandemic, other operations saw an increase in revenue as their clients frantically ordered extreme and frequent cleaning. These differences in clientele have led to significant disparities between the success of various sub-industries within the cleaning and maintenance industries.
Handyman Industry Trends
From 2014-2019, the handyman industry was expected to grow an annualized 5.7% to $4.7 billion, including a projected 2.8% increase in 2019 alone. A combination of a healthy housing market and rising incomes will accelerate industry growth, but this has been put into limbo due to the COVID-19 pandemic. Nevertheless, handyman services are and will continue to be essential services, especially as more homeowners rely on outside services to implement household projects rather than tackle them themselves.
The increase in disposable income will only propel this trend forward as increases in employment and work hours will leave homeowners with less time to tackle home improvement and maintenance projects on their own.
5 Best Handyman Franchise Opportunities for 2023
Mister Sparky
Total U.S. Locations |
146 |
Net Unit Growth (3 years) |
41 |
Initial Investment |
$119K-$214K |
Royalty Fees |
6% |
Estimated Profits |
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Estimated Resale Value |
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Mister Sparky specializes in electrical maintenance, repair, and equipment replacement services as they have special teams that work 24 hours 7 days a week. Mister Sparky tries its best to offer the best possible customer service out there. Mister Sparky is now looking for franchisees who are passionate about providing excellent customer service and are interested in growing a successful business.
House Doctors
Total U.S. Locations |
46 |
Net Unit Growth (3 years) |
12 |
Initial Investment |
$96K-$140K |
Royalty Fees |
6% |
Estimated Profits |
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Estimated Resale Value |
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House Doctors offer a wide variety of services that include, selling residential and commercial property maintenance, repair, and remodeling services. They will allow you the usage of the name and trademark of “House Doctors” in exchange for a certain fee.
Color World Housepainting
Total U.S. Locations |
51 |
Net Unit Growth (3 years) |
0 |
Initial Investment |
$107K-$167K |
Royalty Fees |
6% |
Estimated Profits |
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Estimated Resale Value |
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Color World Painting offers a wide variety of services that both customers and franchisees like. These services include residential and commercial painting; deck painting, staining, or repair. They also offer fence painting or staining, power washing, minor carpentry, cleaning, or repair services. As for a franchisee, Color World Painting offers you a support team, training, and an exclusive location for your franchise all in exchange for a specified fee.
Handyman Connection
Total U.S. Locations |
58 |
Net Unit Growth (3 years) |
-3 |
Initial Investment |
$106K-$214K |
Royalty Fees |
5% |
Estimated Profits |
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Estimated Resale Value |
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Handyman Connection offers a wide variety of services that both customers and franchisees like. These services include painting, drywall, deck building, and minor electrical, and plumbing repairs. As for a franchisee, Handyman Connections offers you a support team, comprehensive training, and an exclusive location for your franchise all in exchange for a specified fee.
Handy Pro
Total U.S. Locations |
11 |
Net Unit Growth (3 years) |
-4 |
Initial Investment |
$70K-$130K |
Royalty Fees |
6% |
Estimated Profits |
Click here |
Estimated Resale Value |
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Handy Pro offers a variety of services repair and improvement services to residential and commercial customers. They will allow you the usage of the name and trademark of “Handy Pro” in exchange for a certain fee.
Conclusion
In conclusion, the handyman franchise industry presents great opportunities for aspiring entrepreneurs who are looking to invest in the ever-growing demand for general maintenance and repair services in both private and commercial properties. The industry’s wide range of services, often referred to as the “jack of all trades industry,” offers potential franchisees the chance to cater to diverse customer needs. Becoming a handyman franchise owner is a great opportunity for you to start your entrepreneurial career. However, you should make sure to carefully consider the trends in the handyman franchise industry and assess the specific offerings of each franchise opportunity.
