Handyman: The Advantages of a Franchise
Due to the global recession, the handyman industry is one of the fastest growing in the world. Homeowners can’t afford to hire specialists like electricians, carpenters and plumbers to complete small tasks. As a result, the industry is quite lucrative. Entering this type of business opportunity with the assistance of a franchise company presents many other advantages as well.
Homeowners across the globe come across numerous household problems each day. The issues are significant enough to hire a professional,
but not large enough to request the services of a specialist. Most homeowners do not have the means or time to complete the work themselves. As a result, the handyman business has become one of the top industries in the world. This is especially the case during recessions as individuals cannot afford to hire a specialist.
The Advantages
There are many advantages for entering as a franchise into this industry. These include:
• Potential for growth
• Lower risk of failure
• Constant support
• No branding
Potential for Growth
With over 100 million households in the United States and currently a $30 billion industry, the handyman business is one of the fastest growing. As previously stated, the recession is a major factor in the increase in customers. As this industry continues to expand and prosper, Wall Street will begin to invest resulting in a profit boom. Investors like supplying money to reliable and successful industries.
Lower Risk of Failure
When entering a franchise, you are backed by the parent company. Therefore they will supply training and support to ensure you succeed. The more money the franchise makes, the more profitable the company. Therefore they will do everything in their power to help you bring in customers and sell their services.
Constant Support
Furthermore, franchise representatives are available 24/7 to help you with any questions you may have. They can assist with advertising, information technology support, marketing, maintenance and many other functions. This saves franchise owners a great deal of time as they don’t have to completely engage in these activities.
No Branding
Another huge benefit provided by a handyman franchise is the automatic branding you receive from startup. Owners don’t need to create a name, system and business model, this has already been completed by the parent company. The name will instill trust in the customers that have previously used their services. Starting a business from the ground-up is a daunting and tedious task. By franchising, you’re able to open immediately after paying the fee to the parent company and acquiring all licenses.
The potential for growth, low risk of failure, immediate support and training as well as the branding that accompanies the contract are all major advantages to starting a franchise. This business method places the owner steps ahead of other new competing companies. If you’re skilled with various home tasks like electrical wiring, plumbing, carpentry and other small installations, this may be the perfect way to make a living. With the backing of a large well-established handyman company, you could make significant profit within your area.
