Starting a Mr. Handyman franchise requires a financial investment, including various costs and fees. Let’s take a closer look at the details:
Initial Franchise Fee
The initial franchise fee for a Mr. Handyman franchise is $63,000.
Total Investment
The total investment for a Mr. Handyman franchise ranges from $121,000 to $157,600. This includes startup costs.
Minimum Net Worth and Liquid Capital
Franchisees are required to have a minimum net worth of $250,000 and at least $50,000 in liquid capital.
Financing Options
Mr. Handyman offers financing options through third parties to help potential franchisees with the initial investment.
Discount for Qualified Veterans
Qualified veterans can benefit from a 20% discount on the franchise fee, making it a more affordable option for those with military experience.
Ongoing Fees
In addition to the franchise fee, franchisees are responsible for paying ongoing royalty fees and marketing fees to support the overall brand and marketing efforts.
Mr. Handyman Franchise Costs and Fees
| Description | Amount |
|---|---|
| Initial Franchise Fee | $63,000 |
| Total Investment (including startup costs) | $121,000 – $157,600 |
| Minimum Net Worth | $250,000 |
| Liquid Capital | $50,000 |
| Financing Options | Available |
| Discount for Qualified Veterans | 20% off franchise fee |
| Ongoing Royalty Fees | Varies |
| Marketing Fees | Varies |
It’s important to thoroughly review the costs and fees associated with a Mr. Handyman franchise and consider your financial capabilities and goals before making a decision.
