A handyman franchise business is a great opportunity for someone with home repair skills. More and more Americans are too busy to engage in doing their own home repairs. In addition, many lack the confidence or skills for minor maintenance projects, leading them to seek out a professional. Experts in the home improvement, maintenance and repair arena say spending has increased in this area and should continue to increase for at least the next year, making a handyman franchise an excellent business to explore for the right entrepreneur.
The projected increase in general maintenance and repair workers employment from 2014 to 2024 is 6%.
SOURCE: U.S. Bureau of Labor Statistics
In 2015, U.S. improvement and maintenance expenditure came to $340 billion.
SOURCE: Harvard University; Joint Center for Housing Studies
In 2016, more than half of all homeowners purchased a property that needed updates.
55% of homeowners rely on a professional when planning and making home improvements.
U.S. Bureau of Labor Statistics
Harvard University; Joint Center for Housing Studies
When it comes to types of handyman franchises, there are basically two categories: a do-it-all franchise and a niche franchise. The do-it-all handy man franchise is one who offers a range of services from simple fixes, such as repairing a leaky faucet, to more complex remodeling projects. A niche handy man franchise focuses on specific areas of home repair and maintenance, whether that is plumbing, electrical work or painting. Whichever option you select will depend on your skill set and the needs of consumers in your area.
Home repair and maintenance is a growing field for a savvy entrepreneur. If you have in an interest and a talent for fixing things, then a handyman franchise can be an ideal career opportunity. Not only does it allow you to utilize your skills and craftsmanship, but also it gives you the ability to be your own boss with the backing of a proven business model. As a franchisee, you will receive help with marketing and business structure, freeing you up to focus on assisting clients improve their homes.
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