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Ace Handyman Services franchise financing options

Compare costs, fees and where to get financing for a Ace Handyman Services.

Overall costs for Ace Handyman Services run anywhere from $76,030 to $106,550. See how the costs break down and what funding options might be right for your new venture into the franchise foray.

Estimated initial costs

Our cost estimates are accurate as of 2022 from Franchise Direct and include opening fees and expenses only. The location you choose for your Ace Handyman Services franchise may result in higher or lower fees.

Franchise fees

Ace Handyman Services franchise fees total around $57,500, which is more than the $37,000 average for the 200 largest franchises.
Franchise Cost
Initial franchise fee $20,000 to $20,000
Territory fee $35,000 to $40,000
Royalty 6% of the actual Gross Revenues of the previous reporting period, subject to annual reconciliation based on the Minimum Annual Gross Revenues requirement.
Estimated total $55,000 to $60,000

Equipment fees

Equipment fees total $4,300 for Ace Handyman Services. This is less than the $180,023 average for the top 200 franchises.
Equipment Cost
Furnishings $800 to $5,000
Tools and equipment $0 to $2,800
Estimated total $800 to $7,800

Real estate fees

Real estate will set you back $1,225 for Ace Handyman Services, thought it's less than the average of $788,376 for the top 200 franchises.
Real estate Cost
Lease deposit $600 to $1,850
Estimated total $600 to $1,850

Licenses and permits costs

Ace Handyman Services initial licenses and permits will set you back $1,115. This comes out to less than $18,770 — the overall nationwide average.
Licenses and permits Cost
Licenses and permits $630 to $1,600
Estimated total $630 to $1,600

Insurance costs

Initial insurance costs for Ace Handyman Services run $2,150. This means you'll be paying less than the overall nationwide average of $6,311.
Insurance Cost
Insurance $1,500 to $2,800
Estimated total $1,500 to $2,800

Other expenses

Miscellaneous expenses for Ace Handyman Services total $25,000 — less than the nationwide average of $69,970.
Other Cost
Professional fees $500 to $3,000
Miscellaneous opening costs $2,000 to $4,500
Three months' additional funds $15,000 to $25,000
Estimated total $17,500 to $32,500
All costs were found using the 200 largest franchises nationwide using Franchise Direct's list of more than 300 franchises, and are accurate as of 2022.

How to finance

Since the estimated total for Ace Handyman Services is on the more costly side, we recommend following these steps to get fully financed:
  1. Go to the Ace Handyman Services franchising website and review its financial requirements, including cash-on-hand requirements.
  2. Reach out to Ace Handyman Services about in-house financing for franchisees.
  3. If in-house financing isn't available, look for online loans, bank loans and SBA loans to help meet the $91,290 estimated opening costs.
  4. Compare lenders based on amounts, interest rates and what types of personal and business credit history they accept.
  5. Once you settle on a lender, gather all required documents, including account statements and assets.
  6. Apply for financing online or in person as required by the lender.

What types of financing is available?

Consider one of the following options for covering a portion of the costs to open a Ace Handyman Services.
  • Online loan. For a turnaround that's faster than a bank, an online business loan could be the way to go. Credit requirements are often more flexible than those of traditional bank loans, too.
  • Credit card. Using a business credit card allows you to spend up to your preapproved limit. This means if extra expenses pop up, you can likely cover them without having to take out another type of financing.
  • Bank loan. If you have stronger credit — typically a score of 670 or higher — a traditional bank loan may get you a more favorable interest rate than a credit card or online loan.
  • SBA loan. Qualifying for an SBA loan is easier than a traditional bank loan, but it typically comes with fees and higher interest rates.
Also check if Ace Handyman Services franchise financing is available. You may be able to get some of the costs covered for less than you would with other traditional funding options.

Compare small business lenders

You may not need financing to cover the estimated $76,030. But if you need funds for other business ventures, select the loan amount, your time in business and revenue and your personal credit score to compare a selection of lenders.
Name Product Filter Values Min. Amount Max. Amount Requirements
Biz2Credit business loans
up to $6 million
up to $6 million
6+ months in business; $100,000+ monthly revenue; 500+ credit score
Get only the capital you need through secure, prescreened lenders with this highly rated company offering SBA, expansion, working capital and other loans.
Lendio business loans
Operate business in US or Canada, have a business bank account, 560+ personal credit score
Submit one simple application to potentially get offers from a network of over 300 legit business lenders.
ROK Financial business loans
Eligibility criteria 3+ months in business, $15,000+ in monthly gross sales or $180,000+ in annual sales
A connection service for all types of businesses — even startups.
OnDeck short-term loans
600+ personal credit score, 1 year in business, $100,000+ annual revenue, active business checking account
A leading online business lender offering flexible financing at competitive fixed rates.
Fundbox lines of credit
6 + months in business, $100,000+ in annual revenue, 600+ credit score
Get flat rate, short-term financing based on the financial health of your business, not your credit score.

Compare up to 4 providers

How Ace Handyman Services stacks up

Compare how Ace Handyman Services holds up against two similarly sized franchises.
My Salon Suite/Salon Plaza Ace Handyman Services California Closets
Average Franchise fees $50,000 $57,500 $55,000
Average Equipment fees $219,595 $4,300 NA
Average Real estate fees NA $1,225 $63,000
Average Training fees $2,000 NA $12,500
Average Inventory fees NA NA NA
Average Marketing fees NA NA NA
Average Licenses and permits fees NA $1,115 NA
Average Insurance fees NA $2,150 $13,000
Average Admin fees NA NA $5,500
Average Personnel fees NA NA NA
Average Other fees $22,000 $25,000 $20,000

Bottom line

Ace Handyman Services franchise costs run a total of $91,290. Before you decide to become a franchisee, compare the total costs against industry averages. And to learn more about financing read our guide to franchise financing.

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