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Handyman Industry Franchise & Business Opportunities
Handyman Industry
General Handyman Industry
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. Major franchises in this industry include Mr. Handyman and Handyman Connection.
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.
Key Cleaning Industry Numbers
Paid-in-Full Rate
0
%
The Paid-in-Full Rate is when the SBA loan is fully paid off by the small business owner including interest, indicating financial strength.
Charged Off Rate
0
%
The Charged Off Rate is the SBA loan default rate where loans have no confidence in being paid off by the small business owner.
SBA Loan Success Ratio
0
:1
For every 11 SBA loans fully paid including interest, 1 SBA loan was unable to be paid back, or defaulted.
-SBA Loan Data from 2010-2019
-Non-Franchise Businesses taken into account: 20,381
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 it 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.Average Cleaning & Maintenance Franchise Industry Percentage Fees
Royalty Fee
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%
Marketing Fee
0
%
Standard Cleaning & Maintenance Franchise Industry Investment
$
0
K
This metric is the standard industry investment amount for a single unit franchise investment in this industry. Our research and analytics team analyzed over 107 franchise concept investment breakdowns in order to calculate this figure.
Paid-in-Full Rate
0
%
The Paid-in-Full Rate is the SBA loan fully paid off including interest in the franchise industry, indicating financial strength.
Charged Off Rate
0
%
The Charged Off Rate is the SBA loan default rate where loans have no confidence in being paid off.
SBA Loan Success Ratio
0
:1
For every 5 SBA franchise loans fully paid including interest, 1 SBA loan was unable to be paid back, or defaulted.
-SBA Loan Data from 2010-2019
-Franchise Businesses taken into account: 1,840
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