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Handyman Connection franchise financing options
Compare costs, fees and where to get financing for a Handyman Connection.
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 feesHandyman Connection franchise fees total around $60,000, which is more than the $37,000 average for the 200 largest franchises.
|Initial franchise fee||$60,000 to $60,000|
|Royalty||5% of Gross Sales.|
|Estimated total||$60,000 to $60,000|
Equipment feesEquipment fees total $10,225 for Handyman Connection. This is less than the $180,023 average for the top 200 franchises.
|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 costsHandyman 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 costsInitial insurance costs for Handyman Connection run $4,095. This means you'll be paying less than the overall nationwide average of $6,311.
|Insurance||$1,940 to $6,250|
|Estimated total||$1,940 to $6,250|
How to financeSince the estimated total for Handyman Connection is on the more costly side, we recommend following these steps to get fully financed:
- Go to the Handyman Connection franchising website and review its financial requirements, including cash-on-hand requirements.
- Reach out to Handyman Connection about in-house financing for franchisees.
- 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.
- Compare lenders based on amounts, interest rates and what types of personal and business credit history they accept.
- Once you settle on a lender, gather all required documents, including account statements and assets.
- 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.
Compare small business lendersYou 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.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
How Handyman Connection stacks upCompare 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 lineHandyman 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.
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