Handyman Connection Franchise Costs & Fees
Date of Incorporation: 1990
Franchising Since: 1991
Headquarters: Blue Ash, Ohio
Business Description: Trident Investment Partners, Inc. d/b/a Handyman Connection is the franchisor. Handyman Connection businesses providing (a) referral and other services to independent contractors; and (b) small to medium home repair services and light remodeling of a non-emergency nature, including plumbing, electrical, carpentry, dry wall, plastering, and painting services, among other services.
Franchise Offer: The franchisor offers franchises for businesses providing small to medium home repairs and light remodeling using the trade name “Handyman Connection.”
Financial Assistance: The franchisor has been deemed eligible for streamlined loan processing through the Small Business Association. The franchisor does not offer direct or indirect financing. The franchisor does not guarantee franchisees’ note, lease or other obligation.
Training and Assistance: Franchisees and up to one additional trainee must attend and complete initial training to the franchisor’s satisfaction prior to opening. If franchisees are a partnership, corporation or limited liability company, the trainee must be a general partner, principal shareholder, or manager as appropriate. The initial training program covers all phases of operation including computer software training, sales presentation, advertising, banking and basic accounting, pricing, production management and recruiting of service providers. The additional training programs and refresher courses will be at the franchisor’s then-current tuition for ongoing training, which varies.
Territory: Franchisees will operate their Handyman Connection Franchised Business from a single location within a territory approved by us and designated in the Franchise Agreement (the Territory). The Territory presently being offered generally includes approximately 100,000 single family dwelling units (SFDUs), but the size of the territory being offered to you may be smaller or larger.
Term of Agreement and Renewal: The length of the initial franchise term is 10 years. Franchisees have the right to renew the franchise for one renewal additional 10 year term provided certain conditions are met unless the franchisor provides 90 days advance written notice of its intent to not renew.
Obligations and Restrictions: The Handyman Connection Business must be personally managed on a full-time basis by a person who has successfully completed the mandatory training program and who meets the franchisor’s then-current standards. If the franchisee is an individual, then the franchisee will be the manager of the Franchised Business unless the franchisor approves a different manager in writing. Franchisees are prohibited from providing products and/or services the franchisor designates, including lead abatement, roofing, HVAC, and work that requires certain permits or licenses, unless they receive specific, written permission from the President of Handyman Connection. Franchisees must promptly obtain all required licenses, permits or otherwise. Franchisees must offer and sell all of the services that the franchisor requires and only the services that we authorize for the System.
Estimated Number of Units: 75
|Name of Fee||Low||High|
|Initial Franchise Fee||$55,000||$55,000|
|Travel and Living Expenses while Training||$2,375||$4,100|
|Real Estate (leased)||$2,000||$4,000|
|Lease & Utility Deposits||$1,000||$1,700|
|Licenses and Permits||$600||$3,000|
|Grand Opening Marketing, Advertising and Promotion||$24,715||$40,815|
|Computer Hardware and Software||$8,950||$16,400|
|Additional Funds - Working Capital (first 3 months)||$3,750||$14,500|
|Type of Fee||Amount|
|Royalty||5% of Gross Sales.|
|Minimum Royalty Fee||For Calendar Years 3 through 5, the amount of Minimum Royalty is $11,250 per SFDU Group in the franchisee’s Territory less the amount of actual Royalty due in a given year; for Calendar Years 6 through 10, the amount of Minimum Royalty is $17,500 per SFDU Group in the franchisee’s Territory less the amount of actual Royalty due in a given year.|
|Technology Fees||$100 per CRM licensed user per month + 1% of Gross Sales.|
|Software Upgrade Fees||Varies.|
|Software License Fee||$150 to $250|
|Brand Development Fund Contributions||3% of Gross Sales.|
|Telephone Answering Services Fee||$275 per week.|
|Monthly Phone Service Fee||Varies.|
|Local marketing (including Local Cooperative Fees, if applicable)||12% of Gross Sales during 1st year, 10% of Gross Sales for subsequent years.|
|Interest and Late Fees on Late Payments and/or Reports||Due on all amounts owed, not to exceed 1.5% per month. Also $100 per late report &/or payment.|
|Additional Training/Meeting Attendance||Varies, has ranged from $850 to $1,250|
|Renewal Fee||10% of our then-current initial franchise fee.|
|Indemnification||Amount of Claim or Judgment.|
|Supplier Approval/Testing Costs||Costs of testing.|
|Annual Conference||$300 - $400 attendance fee.|
The above information has been taken from the FDD of Handyman Connection. Year of FDD: 2016
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