MR. HANDYMAN

MR. HANDYMAN

Mr. Handyman franchises provide professional repair, maintenance, and improvement services to residential and business customers using a standardized business system. Franchisees offer a wide range of handyman services, including home repairs and improvements, targeting homeowners and commercial properties seeking reliable, professional assistance. The business model focuses on franchising this system, with support from the franchisor for operations in the U.S.

347
Locations
$143K–$180K
Investment
Since 2000
Franchising
ServicesWaco, TXNeighborly Assetco LLC (controlled by KKR)www.mrhandyman.comDisclaimer

Franchise Costs


Franchise Fee
$65,000
Item 5 of FDD
Initial Investment Range
$143,150 $179,600
Low: $143,150High: $179,600
Item 7 of FDD
Royalty Rate
7.00%
of gross sales
Brand Fund
2.00%
Item 6 of FDD
Fixed Monthly Fees
$430 – $530
Item 6 of FDD

7% royalty + 2% ad fund + $80/mo software system + $350-$450/mo call center fees

Financial Performance


Item 19 Financial Performance

Average Gross Revenue
$0

Data Based On: Financial performance data is based on 151 franchisees operating a total of 310 franchised businesses that were in operation and reported sales for all 12 months of the calendar year 2024. This data is segmented by the number of franchised businesses/units owned by each franchisee (Single-Unit, 2-Unit, 3-Unit, 4-Unit, and 5 to 6 Unit Franchisees Groups).

* Calculated weighted average gross revenue from 'TABLE A – AVERAGE AND MEDIAN GROSS SALES FOR THE PERIOD OF JANUARY 1, 2024 TO DECEMBER 31, 2024' on page 2. The calculation used the '# of Reporting Franchised Businesses' as weights for the 'Average Gross Sales' of each group: (56 units * $763,264 + 120 units * $1,144,897 + 54 units * $1,379,962 + 32 units * $1,740,430 + 48 units * $2,248,084) / 310 total businesses = $1,349,194.08. An overall median gross revenue, top quartile, and bottom quartile revenues for all businesses are not explicitly provided or accurately derivable from the segmented data. The document explicitly states that the financial performance figures do not reflect costs of sales, operating expenses, or other costs/expenses to obtain net income or profit, hence all profit/income/EBITDA fields are null.

Extracted Item 19 Section

How MR. HANDYMAN Compares


Key Insights

  • Lower than average SBA loan default rate in Home Services
FranchiseInvestmentFeeRoyaltyLocations
MR. HANDYMAN
Current
$143K – $180K$65K7.0%347
MERRY MAIDS$127K – $166K$55K7.0%933
HOLIDAY LIGHTING HEROES$150K – $177K$127K10.0%653
SIGN GYPSIES$4K – $5K$1KN/A587
MOSQUITO AUTHORITY$54K – $128K$45K10.0%546
Culligan$130K – $814K$40K2.0%460
Home Services Average
130 franchises
$144K – $289K$53K7.0%

* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 130 Home Services franchises by location count.

Locations & Growth


Outlet Growth Over Time

Total outlets at end of each year

Geographic Distribution (2024)

Outlets by state across the United States

Top States
1TX
33
2FL
32
3CA
18
4MD
17
5NC
17
6MA
16
7PA
16
8NJ
16
9VA
16
10IL
15
11GA
12
12OH
12
13NY
11
14CT
11
15TN
11

+24 more states

SBA Loan History


Historical SBA 7(a) loan data for MR. HANDYMAN franchisees (20102025)

Total Loans
121
Average Loan
$173,711
Total Volume
$21.0M
Default Rate
9.1%

Loans by Year

SBA 7(a) loan activity over time

* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.

Franchisee Contacts


243 franchisee contacts on file from official FDD filings.

NameSBA Loan
John Smith
ABC Franchise LLC
$350,000
2023 · Active
John Smith
ABC Franchise LLC
$350,000
2023 · Active
John Smith
ABC Franchise LLC
$350,000
2023 · Active
John Smith
ABC Franchise LLC
$350,000
2023 · Active
John Smith
ABC Franchise LLC
$350,000
2023 · Active

243 Contacts Available

Unlock all MR. HANDYMAN franchisee contacts with verified contact information

Due Diligence


Litigation (Item 3)

Franchisee Cases0
No litigation involving franchisees reported

Bankruptcy (Item 4)

Bankruptcy HistoryNo
No bankruptcy history reported

System Health (Item 20)

Franchise system changes reported in the most recent fiscal year

Terminations
5
Non-Renewals
0
Reacquired
0
Ceased Ops
1
Transfers
10
Sold to Franchisees
0
Projected New
24

Frequently Asked Questions


The total initial investment to open a MR. HANDYMAN franchise ranges from $143,150 to $179,600. This includes a franchise fee of $65,000. Ongoing royalty fees are 7.0% of gross sales.

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