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Sears Handyman Solutions franchise financing options

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

Overall costs for Sears Handyman Solutions run anywhere from $43,000 to $111,000. 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 Sears Handyman Solutions franchise may result in higher or lower fees.

Franchise fees

Sears Handyman Solutions franchise fees total around $52,500, which is more than the $37,000 average for the 200 largest franchises.
Franchise Cost
Initial franchise fee $35,000 to $70,000
Royalty 6% of Gross Revenue (subject to Minimum Quarterly Royalty)
Estimated total $35,000 to $70,000

Real estate fees

Real estate will set you back $5,000 for Sears Handyman Solutions, thought it's less than the average of $788,376 for the top 200 franchises.
Real estate Cost
Real estate $0 to $10,000
Estimated total $0 to $10,000

Training fees

Sears Handyman Solutions initial training costs total $3,250, which comes in under the nationwide average of $9,788.
Training Cost
Training, travel, lodging and food $1,000 to $5,500
Estimated total $1,000 to $5,500

Inventory costs

Initial inventory for Sears Handyman Solutions shakes out to $1,750. This is less than the nationwide average of $53,119.
Inventory Cost
Inventory $1,000 to $2,500
Estimated total $1,000 to $2,500

Insurance costs

Initial insurance costs for Sears Handyman Solutions run $2,000. This means you'll be paying less than the overall nationwide average of $6,311.
Insurance Cost
Insurance $1,000 to $3,000
Estimated total $1,000 to $3,000

Other expenses

Miscellaneous expenses for Sears Handyman Solutions total $12,500 — less than the nationwide average of $69,970.
Other Cost
Three months' additional funds $5,000 to $20,000
Estimated total $5,000 to $20,000
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 Sears Handyman Solutions is on the more costly side, we recommend following these steps to get fully financed:
  1. Go to the Sears Handyman Solutions franchising website and review its financial requirements, including cash-on-hand requirements.
  2. Reach out to Sears Handyman Solutions 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 $77,000 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 Sears Handyman Solutions.
  • 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 Sears Handyman Solutions 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 $43,000. 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
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
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.
National Funding business loans
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
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.
Bitty Advance business cash advances
$5,000 monthly bank revenue, 6+ months in business, business bank account open 3+ months, 450+ credit score
With APRs in the triple digits, this is best saved as a last resort.

Compare up to 4 providers

How Sears Handyman Solutions stacks up

Compare how Sears Handyman Solutions holds up against two similarly sized franchises.
Jump!Zone Sears Handyman Solutions YogaFit
Average Franchise fees $40,000 $52,500 $25,000
Average Equipment fees NA NA $3,250
Average Real estate fees $215,000 $5,000 $98,500
Average Training fees NA $3,250 $1,750
Average Inventory fees NA $1,750 NA
Average Marketing fees $10,000 NA $5,500
Average Licenses and permits fees NA NA NA
Average Insurance fees $3,000 $2,000 NA
Average Admin fees NA NA NA
Average Personnel fees NA NA NA
Average Other fees $50,000 $12,500 NA

Bottom line

Sears Handyman Solutions franchise costs run a total of $77,000. 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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