Leading Home Repair and Maintenance Franchise Expects to Reach 350 Units in 2008
January 21, 2008 // Franchising.com // Ann Arbor, MI – As the country's leading full-service home repair and maintenance franchise and the No. 1 employer of handymen worldwide, Mr. Handyman is making good on its mission to shrink the number of home repair "to-do lists" throughout the country, adding an additional 50 locations in 2008 that will relieve millions of consumers from the stress associated with the pain and procrastination associated with home improvement issues.
With nearly 300 locations, Mr. Handyman opened a new franchise every week for the past two years, and plans to reach approximately 350 locations by the end of 2008 through franchise expansion. According to the U. S. Census Bureau, six out of 10 homeowners have home improvement "to-do's," and most Americans have an eye on seven or more projects at any given time. Thriving on this demand, Mr. Handyman's system-wide revenues exceeded $63 million in 2007 and are projected to reach $80 million in 2008.
"With 75 percent of American homes over 25 years old, the need for home repair companies like Mr. Handyman is growing at a rapid pace," said Todd Recknagel, president of the 290-unit Mr. Handyman franchise. "We are not only the solution for people unskilled in home repair and maintenance, but now, many reformed Do-It-Yourselfers who want to spend more time with family, and less time on tedious, yet necessary, home repair, are turning to our services as well."
Mr. Handyman is currently seeking qualified franchise candidates in territories across the country including available territories in states such as Arizona, Florida, Georgia, Texas, Missouri, New Jersey, Rhode Island and Utah. The average start-up cost to open a Mr. Handyman franchise is approximately $110,000 with a franchise fee of $14,900.
The ideal Mr. Handyman franchise owner does not need prior home repair training but should have leadership and/or office management experience. Franchisees recruit, train, and motivate good handyman employees, so the technicians can do the work while franchise owners manage the business. The Mr. Handyman franchise opportunity provides financial rewards and a family-friendly lifestyle by serving as the solution to household fix-it problems in the booming handyman segment.
About Mr. Handyman
Mr. Handyman (www.mrhandyman.com) is a network of independently owned and operated franchises with more than 290 locations nationwide that provide commercial land residential property maintenance and repair services. Founded in March 2000, Mr. Handyman is a member of Service Brands International, a group of service companies that provide a variety of timesaving services ideally suited for today's active consumer. In the January 2008 issue of Entrepreneur magazine, Mr. Handyman was recognized as one of America's fastest growing, service-oriented franchise systems and the No. 1 handyman service.