Handyman Matters Continues Dominance in $310 Billion Home Improvement Industry
Looks to Add Franchises in 400-500 Available Territories
June 02, 2014 // Franchising.com // DENVER – Taking advantage of a weakened real estate market where homeowners are generally more willing to spend to repair rather than sell and buy, Handyman Matters is continuing to meet the rising demand for home improvement services and expand its national footprint.
According to the U.S. Census Bureau, there are more than 126 million housing units in the United States, 90 million of which were built before 1990. That translates to a significant number of homes in need of repairs. In fact, the U.S. spent about $310 billion on house improvements in 2013, almost $40 billion more than in 2011.
"With residential values rising and the number of houses to purchase at an all-time low, more homeowners are choosing to remodel," said Handyman Matters founder and CEO Andy Bell, whose company has completed nearly one million home improvement jobs nationwide. "No matter how big or small the task, we want to continue providing the best possible handyman services and look forward to expanding our national footprint in the coming years."
With 120 locations already open and operating in 28 states, company plans call for adding 10-15 new franchises in 2014 and as many as 30 in 2015.
Bell brought Handyman Matters to life in 1998 to serve as a catalyst for change and restore public confidence in the home repair industry. He picked up the Denver, Colorado phone book and called over 300 people, asking about their experiences with repair services. "It just made sense to me to chat with people and find out what they liked and what they didn't like," he said.
What Bell learned from those conversations was what to avoid and what to provide in a handyman service – they told him how to run his business.
Today, Handyman Matters has become a leader in the home improvement industry by tackling everything from simple home repairs to more complex improvement and remodeling projects. In addition, Handyman Matters has turned the handyman stereotype of poor customer service, unreliable communication and unsatisfactory results on its head and gained distinct advantages in a highly competitive market. Franchises guarantee their work with a one-year warranty, ask customers for approval before adjusting anticipated costs, never ask for advance deposits on small to medium jobs, and notify customers if craftsmen are running late.
To augment the company’s growth, Handyman Matters is seeking individuals looking to capitalize on the burgeoning home improvement industry with a low investment, home-based business opportunity that has consistently ranked as a Top 100 franchise. With a franchise fee of $30,000 and territory fee of $12,500, the total investment to own and operate a Handyman Matters franchise is approximately $58,230-$116,700.
Bell estimates that he has between 400 and 500 available territories.
"Our overall mission is to lift up the home improvement industry in the eyes of the consumer," Bell said. "Our focus is to create clients for life. We want to be that central contact when any home improvement project pops up."
Handyman Matters grossed nearly $23 million in 2013. The average franchise owner does about $350,000 per year. About 15 percent do more than $1 million annually.
For more information about Handyman Matters franchising, visit www.handymanmattersfranchising.com.
About Handyman Matters
Launched in 1998, Handyman Matters has quickly established itself as a leader in the multi-billion dollar home improvement and home repair services industry. The Denver-based franchise tackles everything from simple home repair needs to more complex home improvement projects, and has completed nearly one million home improvement jobs nationwide in the last 15 years. Currently, there are more than 120 Handyman Matters locations in the United States and Canada. For more information visit Handyman Matters online at www.handymanmatters.com.
SOURCE Handyman Matters
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