Franchising Heats Up As Economy Cools Down

Franchising Heats Up As Economy Cools Down

David Ambinder spent more than 25 years on Wall Street, most recently as a senior vice president of global support services for Lehman Brothers. When he got a pink slip last summer - just months before the investment bank filed for bankruptcy - he turned his attention to more humble endeavors: fixing up people's homes.

Ambinder, whose retirement package was hard hit by the economic downturn, dipped into savings and mortgaged his home to start a Union, New Jersey branch of a longstanding franchise called Mr. Handyman. The business sends skilled craftsmen to do a variety of household jobs ranging from installing toilets to cleaning gutters.

"It's very exciting to build a business; for me it's the right move," says Ambinder, who opened his doors in November after evaluating several franchise choices with a broker. "People aren't going to be moving and they are going to need their homes repaired. I feel there's a niche for it."

Published: February 24th, 2009

Share this Feature

Jeff's Bagel Run
SPONSORED CONTENT
Jeff's Bagel Run
SPONSORED CONTENT
Jeff's Bagel Run
SPONSORED CONTENT

Recommended Reading:

American Family Care
ADVERTISE SPONSORED CONTENT

FRANCHISE TOPICS

Wienerschnitzel
ADVERTISE SPONSORED CONTENT
Franchise Customer Experience Conference
Conferences
InterContinental, Atlanta
JUN 24-26TH, 2025

We have evolved the world of online marketing beyond the noise of trendy concepts to help you improve your business and create strategic growth. We...
Ironside helps franchisors quickly generate value by unifying select data from disparate sources onto a trusted, modern cloud architecture.

Share This Page

Subscribe to our Newsletters