Handyman Connection franchise financing options

Overall costs for Handyman Connection run anywhere from $66,030 to $89,325. 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 2021 from Franchise Direct and include opening fees and expenses only. The location you choose for your Handyman Connection franchise may result in higher or lower fees.

Franchise fees

Handyman Connection franchise fees total around $60,000, which is more than the $37,000 average for the 200 largest franchises.

Franchise	Cost
Initial franchise fee	$60,000 to $60,000
Royalty	5% of Gross Sales.
Estimated total	$60,000 to $60,000

Equipment fees

Equipment fees total $10,225 for Handyman Connection. This is less than the $180,023 average for the top 200 franchises.

Equipment	Cost
Office equipment	$1,700 to $6,800
Computer hardware and software	$2,175 to $9,775
Estimated total	$3,875 to $16,575

Licenses and permits costs

Handyman Connection initial licenses and permits will set you back $3,358. This comes out to less than $18,770 — the overall nationwide average.

Licenses and permits	Cost
Licenses and permits	$215 to $6,500
Estimated total	$215 to $6,500

Insurance costs

Initial insurance costs for Handyman Connection run $4,095. This means you'll be paying less than the overall nationwide average of $6,311.

Insurance	Cost
Insurance	$1,940 to $6,250
Estimated total	$1,940 to $6,250

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 2021.

How to finance

Since the estimated total for Handyman Connection is on the more costly side, we recommend following these steps to get fully financed:

1. Go to the Handyman Connection franchising website and review its financial requirements, including cash-on-hand requirements.
2. Reach out to Handyman Connection 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 $77,678 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 Handyman Connection.

• 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 Handyman Connection 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 $66,030. 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.

How Handyman Connection stacks up

Compare how Handyman Connection holds up against two similarly sized franchises.

	Fetch! Pet Care	Handyman Connection	Wings Etc.
Average Franchise fees	$59,500	$60,000	$39,500
Average Equipment fees	$550	$10,225	$199,180
Average Real estate fees	NA	NA	NA
Average Training fees	NA	NA	$26,000
Average Inventory fees	$684	NA	$22,000
Average Marketing fees	NA	NA	NA
Average Licenses and permits fees	NA	$3,358	$49,150
Average Insurance fees	$800	$4,095	NA
Average Admin fees	NA	NA	NA
Average Personnel fees	NA	NA	NA
Average Other fees	$5,150	NA	$55,500

Bottom line

Handyman Connection franchise costs run a total of $77,678. 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.