The Honey Do Service - Franchise
The Honey Do Service, Inc. performs high profit home improvement and light commercial services. Each Honey Do Service location is individually owned and supported by our dedicated team of specialized business, technical, and marketing coaches. Our services are always in need, and deemed critical in the eyes of our customers.
What Does a The Honey Do Service Franchise Cost?
To buy a franchise with The Honey Do Service, you'll need to have at least liquid capital of $50,000 and a minimum net worth of $175,000. Franchisees can expect to make a total investment of $86,630 - $177,200. The Honey Do Service charges a franchise fee of $29,000. They also offer financing as well as a discount for veterans (15% Off Initial Franchise Fee). *
Requirements
Financial requirements for this franchise:
Liquid Capital: | $50,000 What does Liquid Capital mean? |
---|---|
Net Worth: | $175,000 What does Net Worth mean? |
Franchise Fee: | $29,000 What does Franchise Fee mean? |
Total Investment: | $86,630 - $177,200 What does Total Investment mean? |
Options
Options available to franchisees:
Financing: | Available |
---|---|
Training: | Available |
Veteran Discount: | 15% Off Initial Franchise Fee |
SBA Approved: | Available |
Franchisor Details
Facts about this franchise:
Total Units: | 16 |
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Home Office: | Bristol, VA |
Year Founded: | 2002 |
Franchising Since: | 2008 |
Our Franchise Opportunity
The Honey Do Service, Inc is a full service handyman/remodeler formula focused on residential and light commercial services. We offer services from basic handyman items all the way up to full additions and kitchen/bath/basement remodeling. Our system allows franchise owners to quickly capture a premium position as the most professional and qualified handyman, and remodeling firm in their community.
A Leader in The Much Needed Home Improvement/Repair Niche
The Honey Do Service, Inc. performs high profit home improvement and light commercial services. Each Honey Do Service location is individually owned and supported by our dedicated team of specialized business, technical, and marketing coaches. Our services are always in need, and deemed critical in the eyes of our customers.
How Are We Unique?
The Honey Do Service, Inc fills a much needed gap in the Home Services industry. Unlike our competitors, we don’t seek out the “low hanging fruit” that most single man service companies go after. We also don’t try to compete with full home builders. We fill the gap between the two, offering fixed price project completions such as simple plumbing, electrical, and renovation, all the way up to complete room additions, and kitchen / bath remodeling.
What's in it For You?
The top 50% of our locations average annual sales of $650,679
- High gross margins - 64.3%
- High per ticket average - $1,963
- Startup assistance and grand opening support
- General Contractor's License Acquisition Program
- EPA Lead Paint Renovation Certification
- Website for local visibility & leads, designed and optimized by our in-House Google Certified Professional team
- Custom marketing materials with ongoing advertising support and management from your own in-house marketing team
- Enhanced benefits package, payroll processing, & HR department for you and your employee team
- Software system and complete library of forms & manuals supplied to you
- Proprietary Job Estimation software and bookkeeping support
- Tools for staff screening & hiring
Superior Training & Support
Assistance starts the day a new franchise agreement is authorized. There is an extensive Start Up guide provided immediately, which covers business formation, business licensing, contractor licensing prep and testing, vehicle acquisition, and much more.
Following this, new owners attend a two week in person training at our Bristol, VA headquarters.
Our support team will then travel to the new location and spend an additional week with the new owner, the office manager, and other onsite staff members.
We distinguish ourselves by including State specific general contractor license acquisition assistance, as well as all Honey Do Service owners are EPA Lead Paint Renovation certified.
Support is ongoing and expected for the life of the franchise owner’s business.
We Are Deemed an Essential Business
During the housing market crash of 2008, as well as the Covid-19 pandemic, The Honey Do Service, Inc. excelled due to homeowners making the choice to fix or upgrade their properties instead of simply selling and moving up. During good times, or challenging times, our customers deem our services essential to their lifestyle.
Additionally, according to a recent study, The RRI (Residential Remodeling Index) is expected to average YOY increases of 2.0% in 2020, and 2.4% in 2021.
What Makes A Good Owner?
Our ideal candidate is someone that has some good business knowledge and experience, a passion for community service, ties to their community, pride in their workmanship, good leadership skills, and a sense of being a perfectionist.
We favor those with construction experience, whether formal or home DIY’er, but our Contractor Licensing Assurance Program insures that all our owners, regardless of experience, have the necessary licensing to perform Honey Do Services in their territory.
Our owners do not perform the home improvement themselves; they lead and support their craftsmen to do so. The franchise system is designed for the person looking to own and operate a low-cost-of-entry business where the owner is not the principal worker.
Veteran and Contractor Discounts
We value all our veterans. We know we owe the freedom to own and build our brand due to the sacrifices of our military men and women. All veterans will receive $5000 off of the franchise fees.
We also know it takes a special person to get their general contractor’s license on their own, and we respect the hard work that went into securing it. Come to us with an existing general contractor’s license, and we’ll reduce your franchise fee by $2000.
Awards
The Honey Do Service has received the following awards and acknowledgements:
2014 Top 50 Remodeling Contractor (Remodeling Magazine); 2013 Top 500 Franchise - ranked #368 (Entrepreneur Magazine); 2013 Top New Franchise - ranked #26 (Entrepreneur Magazine); 2013 Super Service Award (Angie's List); 2012 Super Service Award (Angie's List); 2011 Super Service Award (Angie's List); 2011 Hot 100 Franchise (Red Hot Franchises); Franchise Gator Fastest Growing (2016, 2018); Franchise Gator Top Emerging (2016, 2018)
Availability
The Honey Do Service is currently accepting inquiries from the following states:
Alaska, Alabama, Arizona, Colorado, Florida, Georgia, Iowa, Idaho, Kansas, Kentucky, Louisiana, Massachusetts, Missouri, Mississippi, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Vermont, West Virginia, Wyoming
Interested parties should have at least $50,000 in liquid capital to invest.
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