Mr. Handyman Franchise FDD, Profits & Costs (2025)
Mr. Handyman is a renowned franchise specializing in handyman and home improvement services, catering to both residential and commercial customers.
Founded in 1996 and headquartered in Waco, Texas, Mr. Handyman has established itself as a leader in the home repair industry, offering a comprehensive range of maintenance and repair services.
The franchise began its operations in 2000, extending its business model to entrepreneurs across the United States and other countries.
Mr. Handyman differentiates itself through its professional approach and commitment to customer satisfaction, backed by the reputation of being part of Neighborly, a community of home service experts.
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Initial Investment
How much does it cost to start a Mr. Handyman franchise? It costs on average between $123,000 – $160,000 to start a Mr. Handyman franchised business.
This includes costs for construction, equipment, inventory, and initial operating expenses. The exact amount depends on various factors, including the location, and whether the franchisee chooses to lease or purchase the property.
| Type of Expenditure | Amount |
|---|---|
| Initial Licensing Fee | $65,000 |
| Initial Package Fee | $5,500 |
| Vehicle Expenses -3 months | $2,350 – $4,300 |
| 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 |
| 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 |
| Total Estimated Initial Investment | $123,000 – $160,000 |
Average Revenue (AUV)
How much revenue can you make with a Mr. Handyman franchise? A Mr. Handyman franchised facility makes on average $801,000 in revenue (AUV) per year.
Here is the extract from the Franchise Disclosure Document:
This compares to $342,000 yearly revenue for similar handyman franchises. Below are 10 Mr. Handyman competitors as a comparison.
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We have compiled the list of the top 400 franchises across 9 industries. Download the report below.
Mr. Handyman Franchise Disclosure Document
Frequently Asked Questions
How many Mr. Handyman locations are there?
As of the latest data, Mr. Handyman operates 329 franchised locations across the United States. The company does not have any corporate-owned units, making it a franchise-driven brand where all locations are independently owned by franchisees.
This reflects their business model, focusing entirely on franchise expansion rather than company-operated outlets.
What is the total investment required to open a Mr. Handyman franchise?
The total investment required to open a Mr. Handyman franchise ranges from $123,000 to $160,000.
What are the ongoing fees for a Mr. Handyman franchise?
A Mr. Handyman franchise requires ongoing fees that include a 7% royalty fee of gross sales and a 2% marketing fee. These fees support the franchisor’s brand operations and national advertising efforts, ensuring franchisees benefit from brand recognition and continuous support.
What are the financial requirements to become a Mr. Handyman franchisee?
To become a Mr. Handyman franchisee, the financial requirements include a minimum net worth of around $100,000 and liquid capital of at least $50,000.
These financial benchmarks ensure that potential franchisees have the necessary resources to cover initial investments, operational costs, and any unforeseen expenses during the early stages of the business.
How much can a Mr. Handyman franchise owner expect to earn?
The average gross sales for a Mr. Handyman franchise are approximately $0.80 million per location. Assuming a 15% operating profit margin, $0.80 million yearly revenue can result in $120,000 EBITDA annually.
Who owns Mr. Handyman?
Mr. Handyman is owned by Neighborly, a global franchisor of home service brands. Neighborly operates several home improvement and repair franchises, offering a wide range of services, including plumbing, electrical, HVAC, and more. Mr. Handyman is one of the many brands under the Neighborly umbrella, benefiting from its extensive network and support infrastructure.
Disclaimer
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