Business Overview:
Not every homeowner is a professional handyman with time to spare. These time-conscious baby boomers and two-income families want a "one-stop" solution for every major and minor home repair. Their professional choice is the same as yours Mr. Handyman, America's trusted home repair franchise. We fill a unique need by helping prioritize and efficiently manage repairs that increase home values. Because of the current economy, many folks have chosen to stay and remodel, rather than sell. When the housing market does improve, many folks will need help to prepare their home to sell.
More about the business: The Owner purchased this franchise in October 2002 and has built a business with a customer base of over 2,600 customers. The Company owns 2 fully logo'ed and equipped Mr Handyman vans and a white 14 box truck used for tool and equipment storage and occasional material hauling. Among the common Company tools (available for shared use by the technicians) are various saws, scaffolding, specialty ladders, dollies, pressure washer, etc.
More on Growth: Because of investment in advertising and the increasing awareness of the quality of the brand, residential customers were added rapidly from the inception of the business in late 2002 through late 2008 when the addition of new customers slowed substantially but continued despite the economic slow-down. With the growing population in the territory and the somewhat cautiously optimistic national economic indicators, there are still many qualifying households out there to be won over by a renewed aggressive marketing plan. Furniture, Fixtures & Equipment, and Inventory are included in Asking Price.
Link to Non-Disclosure Agreement:
http://www.franchisequalificationplus.com/rfi/default.aspx?brand=fr
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
This exclusive and protected Territory was established in Oct. 2002. Territory consists of 104,000 qualifying households and covers most of the Lehigh Valley in Eastern PA and includes cities of Allentown, Bethlehem and their surrounding suburbs in Lehigh and Northampton Counties. No leased office space; owner operates out of his home.
Comprehensive training program combines classroom training, on-site visits, & coaching. You ll also learn from an extensive library of written materials, audio & video tapes, CDs, online training courses & Intranet communication systems. Seller will overlap operation for training/consulting for up to two weeks following settlement or as otherwise negotiated.
Market Competition and Expansion:
The population of Lehigh & Northampton counties is approximately 645,000 and is projected to grow to 704,000 in 2020 and 768,000 by 2030.
There is a definite potential for growth in Commercial business throughout the franchised territory. Commercial business currently is approximately 10% of revenue and has not been aggressively pursued. The Franchisor has recently developed a program designed to guide the franchisees in growing their commercial business.
Reason for Selling:
Retirement.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is a franchise resale opportunity.
Resources: