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Wednesday, July 8, 2009

Handyman Franchises Are Growing Rapidly

Ever consider being a handyman franchisee? If you are like the majority of homeowners in America, you probably can look around your house and see a home improvement project that is screaming for your attention. Or, maybe you look out your window and are haunted at just the sight of that foundation you poured for your new shed, but never finished the sides and the roof. And then there is the trim on your house that's in desperate need of paint. Trouble is, you either don't have the time or the expertise to complete the job. Then it dawns on you: could this be the opportunity I'm looking for?

Regardless of economic conditions, homes and businesses will always require repairs and maintenance. It's important to understand that, because of the fact that most repairs and improvement projects fall into the category of "necessity", this is most certainly a recession resistant business. Consumers will not skimp when it comes to their most important investment. Statistically, about 60% of U.S. homeowners have a home improvement project in progress, and the vast majority have five or more jobs on their "to do" list. When you consider the increasing elderly and double income households, the growth prospect can best be described as enormous, and it is already a $200+ billion industry.

Not a handyman yourself? Not to worry. As a franchisee, you don't perform the actual improvements and repairs. Most successful handyman franchisors provide a comprehensive training and recruitment program designed to help franchisees find and retain top-notch employees. If you have strong business acumen, or a background in sales, marketing, or management skills, this may be a great fit for you. You also should enjoy managing and directing employees and have solid customer service skills.

Your job will be to manage and build the business and to execute the marketing plan by networking in your community. This will help in developing referral relationships with other companies in the same field, such as real estate companies and concrete businesses.

Some key features:

Cash business with very limited accounts receivable.
Multiple revenue streams from day #1.
Relatively low investment level with a home-based office option.
Few employees and very minimal inventory required.
Family-friendly business hours - typically Monday-Friday 8-5.
High demand business model with strong referral and repeat business.
"Feel Good" business - improving the lives of others.

There are several variations available within the handyman franchise category. Check with your franchise consultant for details concerning what specifically would be the best overall option for you, based on your goals, background, and skill set.


Cory_Barber

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