About Mr. Handyman Franchise
Mr.
Handyman is a franchise system devoted to providing consumers with professional, safe, and reliable residential and business maintenance, repair, and improvement services.
Franchisees manage a team of skilled technicians who perform a diverse array of handyman services including repairs, installations, and home improvements.
Mr. Handyman Franchise Cost & Fees
Minimum Investment
$118K
Average Investment
$136K
Maximum Investment
$154K
| Fee Type | Amount | Notes |
|---|---|---|
| Initial Franchise Fee | $59,900 | One-time payment upon signing |
| Royalty Fee | 7% of Gross Sales of gross sales | Ongoing; paid monthly |
| Marketing/Ad Fund | 2% of Gross Sales (MAP Fee) | National brand fund |
| Total Investment Range | $117,500 – $154,100 | Includes build-out, inventory, working capital |
The investment range of $118K–$154K reflects variability in build-out costs, store size, lease terms, and market. The combined royalty (7% of Gross Sales) and marketing fee (2% of Gross Sales (MAP Fee)) are ongoing costs paid as a percentage of gross sales.
Investment Breakdown (Item 7)
| Item | Low | High |
|---|---|---|
| Initial Licensing Fee | $59,900 | $59,900 |
| Initial Package Fee | $5,500 | $5,500 |
| Vehicle Expenses - 3 months | $1,950 | $3,900 |
| Computer Hardware Package | $3,500 | $6,000 |
| Real Estate and Utility Deposit - 3 months | $750 | $3,000 |
| Furniture, Fixtures and Office Equipment | $0 | $1,500 |
| Tools and Equipment to Equip One Van | $1,000 | $2,000 |
| Permits & Licenses | $100 | $1,000 |
| Initial opening equipment, uniforms and marketing materials | $5,500 | $5,500 |
| Prepaid Insurance Premiums - 3 months | $1,800 | $2,800 |
| Training Expenses: Travel, Food and Lodging | $3,000 | $4,000 |
| Professional Fees | $0 | $5,000 |
| Additional Funds - 3 months | $34,500 | $54,000 |
Additional Fees (Item 6)
| Fee Type | Amount |
|---|---|
| Transfer Fee | $9,900 ($500 for immediate family member) plus $5,500 Transfer Initial Package Fee |
| Renewal Fee | $5,000 |
| Technology Fee | $53 per month plus ServiceTitan fees ($119/month per office user, $79/month per service professional user) |
| Audit Fee | Cost of audit plus expenses if understatement of 2% or more of Gross Sales |
| Local Marketing Requirement | $3,000 per month |
| Software System Monthly Fees | $53 per month plus additional Office365 licenses |
| Call Center Services | $0.99 per minute and $150 per month |
| Toll Free Phone Number | $0.12 per minute |
| Convention/Regional Meetings | $275-$425 per person per event |
| Interest on Unpaid Balances | 12% per annum |
| Late Fees | $10 per day |
| Key Accounts Management Fee | Up to 3% of Key Account Gross Sales |
| Minimum License Fee | $200-$350 per week depending on tenure |
Training Program (Item 11)
| Detail | Information |
|---|---|
| Total Duration | Sure Start (6-8 weeks pre-opening) plus up to 10 days classroom training plus 2-3 days on-site/field training |
| Classroom Training | 34-41 hours |
| On-the-Job Training | 2-3 days |
| Training Location | Home Office (Waco or Dallas, TX) and various field training locations |
| Additional Training | Ongoing training through conventions, regional meetings, and webinars. Must attend at least one event every 2 years or face $1,000 fee. |
Territory Rights (Item 12)
| Detail | Information |
|---|---|
| Territory Type | Protected |
| Exclusive Territory | No |
| Territory Size | Approximately 40,000 to 60,000 target households |
| Description | Territory identified by US Postal codes, Census Bureau Census Tracts, or physical/political boundaries. Franchisor will not establish another Mr. Handyman franchise within the territory while franchisee is in compliance. However, franchisor reserves rights to sell products/services through different channels, different trademarks, Key Accounts within territory, and to authorize others to service territory if franchisee refuses or is unable. |
Renewal, Termination & Transfer (Item 17)
| Detail | Information |
|---|---|
| Initial Term | 10 years |
| Renewal Term | One additional 10-year term |
| Renewal Fee | $5,000 |
| Renewal Conditions | Not in default, satisfied all obligations timely, no more than 3 written notices of default during term, written notice 180-240 days prior to expiration, sign then-current franchise agreement, complete training requirements, execute general release |
| Transfer Fee | $9,900 ($500 for immediate family member) plus $5,500 Transfer Initial Package Fee |
| Transfer Conditions | Not in default, all amounts paid, reports provided, new franchisee qualifies and signs current agreement, training completed, general release signed, transfer fee paid |
| Termination for Cause | 10 days to cure payment/reporting defaults; 30 days to cure other defaults; immediate termination for material misrepresentation, abandonment, felony conviction, unauthorized transfer, intentional underreporting, second default in 12 months |
| Non-Compete Period | 2 years after termination or expiration |
| Non-Compete Details | Cannot own, manage, operate or have interest in a Competitive Business within the Territory, within 25-mile radius of outer boundary of Territory, or inside territory of another Mr. Handyman business for 2 years after termination/expiration |
Operations & Supply (Items 8 & 15)
| Detail | Information |
|---|---|
| Owner-Operator Required | Yes |
| Participation Details | If individual, must directly perform or supervise operations. If entity, designated principal owner must directly supervise. A trained manager may substitute with franchisor consent. Cannot have interest in competitors. |
| Required Suppliers | Franchisor is the only approved supplier of the Initial Package. ServiceTitan is the designated business management software supplier. ProTradeNet negotiates vendor arrangements. |
| Supply Restrictions | Must use approved products, inventory, supplies, uniforms, tools, equipment, signs, and other items as specified. Must use designated software (ServiceTitan). Must obtain prior written approval for alternative suppliers with 30 business days notice. |
| Franchisor Revenue from Suppliers | ProTradeNet predecessor had revenue of $545,784 (6% of total revenues) from Mr. Handyman franchisee purchases in 2020. Predecessor had revenue of $219,777 (2.67% of total revenues) from franchisee purchases. ZorWare had revenue of $148,237 (2.37% of total revenues) from franchisee purchases. |
Financing (Item 10)
| Detail | Information |
|---|---|
| Financing Available | Yes |
| Description | May finance up to 70-80% of Initial Franchise Fee based on credit score. Interest rates range from 9% to 12% based on credit score. Repayment terms range from 5 to 9 years depending on loan amount. Security interest in all business assets required. Enterprise may offer vehicle financing. |
Mr. Handyman Franchise Earnings — Item 19
Mr. Handyman does not make an Item 19 financial performance representation in their FDD. This means they do not disclose revenue, profit, or earnings data for franchised locations. Before investing, ask the franchisor directly for franchisee contact information so you can speak with existing owners about their actual financial performance.
Mr. Handyman does not include an Item 19 financial performance representation in their FDD. Contact information for current and former franchisees is listed in Item 20 of the FDD.
Mr. Handyman Litigation & Risk Flags
1 Pending Action ListedReview the full FDD for details on pending litigation.
Litigation and bankruptcy data is sourced from Items 3 and 4 of the FDD. Always verify current status directly from the most recent FDD.
Mr. Handyman System Growth
Total Units
257
Franchised
257
Company-Owned
0
Mr. Handyman currently operates 257 franchised locations and 0 company-owned units. Unit count data is sourced from Item 20 of the FDD.
Unit History (Item 20)
| Year | Opened | Closed | Total |
|---|---|---|---|
| 2018 | 28 | 16 | 215 |
| 2019 | 31 | 12 | 234 |
| 2020 | 38 | 15 | 257 |
Transfers: 6 | Closures: 15
State Registrations
Registered in 14 states: CA, HI, IL, IN, MD, MI, MN, NY, ND, RI, SD, VA, WA, WI
Franchisor Financials (Item 21)
Total Assets
$808.0M
Audited by BDO USA, LLP for year ending March 25, 2021 (Neighborly Assetco LLC opening balance sheet).
Mr. Handyman Franchise — FAQ
The total investment to open a Mr. Handyman franchise ranges from $117,500 to $154,100, per their Franchise Disclosure Document. This includes the initial franchise fee of $59,900. The investment covers build-out, inventory, equipment, signage, working capital, and other startup costs.
Mr. Handyman charges a royalty fee of 7% of Gross Sales of gross sales, plus a 2% of Gross Sales (MAP Fee) contribution to the marketing/advertising fund. These fees are paid on an ongoing basis.
You can download the Mr. Handyman Franchise Disclosure Document free on this page. The FDD is a public document filed with state franchise registries. Always also request the current FDD directly from Mr. Handyman to ensure you have the most up-to-date version.
Mr. Handyman does not provide an Item 19 financial performance representation in their FDD, which means they do not disclose franchisee revenue or earnings data. Prospective investors should contact existing franchisees directly (listed in Item 20 of the FDD) to gather real-world financial performance information.
Mr. Handyman has been franchising since 2000. The FDD shows an investment range of $117,500-$154,100, a 7% of Gross Sales royalty, and includes an Item 19 earnings disclosure. There are 1 pending litigation action(s). Review the full FDD and contact current franchisees listed in Item 20 before making any investment decision.
The franchise fee is $59,900 and the total investment ranges from $117,500 to $154,100 depending on location size and market. Contact the franchisor directly for current net worth and liquid capital requirements, territory availability, and application details.
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Data Source & Disclaimer: This website is for informational purposes only. It is not an offer to sell or buy a franchise. This profile is based on publicly available FDD data sourced from state franchise registry filings. All information is for research purposes only and does not constitute legal, financial, or investment advice. Data may be outdated or contain errors. Always obtain the current FDD directly from Mr. Handyman and consult a qualified franchise attorney before making any investment decision. FranchiseOverview.com is operated by Franchising Compliance, LLC and is not affiliated with Mr. Handyman or any of its subsidiaries. To report an inaccuracy: info@franchiseoverview.com