- Fantastic Team
- 5min read
- Published: August 30, 2021
- Views: 19
Why a Handyman Franchise Might Be the Right Choice for You
It’s no secret that the Covid-19 pandemic forced thousands upon thousands of people to work from home and for children to be homeschooled. So, what were some of the unanticipated outcomes of this? Well, it meant that more people had a chance to take a much closer look at their homes and identify things that weren’t working. From a hard-to-reach light bulb to faulty or damaged deckings, to screens that were torn or ripped – the market for handymen blossomed, making it one of the most profitable franchises to get into.
Research showed that over 50%, yes, you read that right, over 50% of people would not consider undertaking DIY repairs in their homes, whether owing to lack of time or skills and relied on handymen to take care of their home’s needs. This makes a handyman franchise in the UK a really attractive opportunity.
Benefits of operating as a handyman franchise
The various handyman franchise opportunities mean that if you have the right skills (and sometimes these specific trade skills aren’t even required) and a penchant for doing business, you could create a profitable business for yourself. Wondering what the benefits are? Let’s take a look:
An industry that’s growing: In the UK, just three years ago, the home services market was valued at $7.49 billion, which is projected to reach $13.48 billion in 2026. The compound annual growth rate (CAGR) growth is expected to be in the region of 8.8% from 2019 to 2026. Is there potential for your handyman franchise business here? Absolutely!
A proven, profitable business model: Most franchises work on a proven business model that’s also profitable. After all, it wouldn’t be proven if it weren’t profitable. This is why getting involved in the handyman business with your own franchise can help you earn revenue. And the best part? You have a lot of freedom to manoeuvre.
No experience, no problem: As a franchisee, you don’t need to carry out the actual handyman work yourself. You can hire someone else who is skilled enough to get the job done. Your role would be to provide these tradesmen with clients and to follow the franchisor’s rules.
No fixed location required: Since most if not all of a handyman’s work happens in the client’s home, you don’t need a fixed location for your enterprise. This can help you reduce rental costs as you’d only need to work on getting the right vans with the right branding, and ensuring that your tradesmen have the right equipment.
Enjoy flexible schedules: Luckily, as a handyman franchise, you’re also able to set your own schedules. No more 9-5 if you don’t want to. You’ll technically also not have a boss to respond to, although there will certainly be communication with a franchisor regarding their expectations of you as well as your overall performance.
Take advantage of built-in support systems: And leaving the best for last, your handyman franchise can truly benefit from built-in support systems. What might these be you’re wondering? Well, they can range from anything including nationwide marketing support, technical and software support to sourcing your clients for you. All that you’d need to do is get a booking, ensure the tradesman arrives on time and does the job to the franchisor’s standards and get paid.
Handyman franchise cost
Any business, no matter its type, requires some form of start-up costs and a handyman franchise business is no exception. For starters, you’ll need to get the right tools and equipment to handle the wide variety of jobs that might come your way. If you’re the handy type, you might already have some of these. Then, you may need to invest in a van or some form of transportation to ensure you reach your clients’ homes for each job. There’s also the need to insure yourself and your services against any claims. Finally, there’s the initial fee for purchasing a franchise as well as royalty fees that you will be required to pay for each successfully completed job.
Explore Our Handyman Franchise OpportunitiesLearn more
Best handyman franchise to buy
If you’re convinced that you’re ready to start your own handyman franchise business and are now wondering where to start, why not partner with some of the best in the industry?
Fantastic Services has over a decade’s worth of experience in the market of home maintenance services and the proven, profitable and pain-free business model means you can expect to see great results right from the beginning.
No matter where you’re located in the UK, you can get your handyman franchise business up and running in no time.
Have any questions? Don’t hesitate to get in touch with us! We’d be thrilled to give you more insights into the lucrative opportunity that a handyman franchise will offer you in the UK.
Posted in Advice Hub
Fantastic Services manages 25+ professional home cleaning and maintenance services, provided within the UK, Australia and the USA. With 10+ years of experience behind our back, and 400+ of successful franchises, we continuously set the bar higher with our cutting edge technology implementation and marketing approach. Explore our business opportunities on the main website!