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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