Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

Handyman Connection franchise financing options

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

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.
Name Product Filter Values Min. Amount Max. Amount Requirements
Fora Financial business loans
$5,000
$500,000
6+ months in business, $12,000+ monthly revenue, no open bankruptcies
Get qualified for funding in minutes for up to $500,000 without affecting your credit score. Best for companies with at least six figures in annual revenue.
Lendio business loans
$500
$5,000,000
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.
OnDeck short-term loans
$5,000
$250,000
600+ personal credit score, 1 year in business, $100,000+ annual revenue
A leading online business lender offering flexible financing at competitive fixed rates.
National Funding business loans
$5,000
$500,000
Be in business at least one year and make at least $150,000 in annual sales. Other loan types have additional requirements.
Working capital loans and equipment financing, some high-risk industries may be eligible.
Fundbox lines of credit
$1,000
$150,000
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.
loading

Compare up to 4 providers

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.

More guides on Finder

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site