It pays to be handy: Fix-it company builds its franchise numbers
By Sherri Welch
After growing slowly its first 18 years, HandyPro International LLC has more than doubled its U.S. franchisees to 30 over the past year and a half, and it's not done growing yet.
The Plymouth-based company expects to add at least another 10 franchisees this year and 25-30 each of the next five years to capitalize on rising demand for home renovations that enable the elderly and disabled to remain in their homes.
Franchise brokers have been referring a lot of people who are interested in opening a HandyPro Senior Modifications & Handyman Services franchise to HandyPro International CEO Keith Paul.
The demand has been so great that HandyPro, which employs seven at its corporate office and expects to add a few new franchise developments and support employees this year, stopped advertising franchise opportunities outside of brokers, Paul said.
"Our concern was we were growing too fast; we had to slow down to make sure we're doing it right," he said.
Paul expects HandyPro International to see $1.2 million in revenue this year, up from $962,000 last year. And he projects HandyPro Handyman Service Inc. franchises, which do business as HandyPro Senior Modifications & Handyman Services, to generate collective revenue of $5.1 million this year, up from $3.9 million in 2012.
Initial franchise fees are $9,500 plus a territory fee of $39,500 for the first franchise and a marketing startup fee of $1,500.
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The Plymouth-based company expects to add at least another 10 franchisees this year and 25-30 each of the next five years to capitalize on rising demand for home renovations that enable the elderly and disabled to remain in their homes.
Franchise brokers have been referring a lot of people who are interested in opening a HandyPro Senior Modifications & Handyman Services franchise to HandyPro International CEO Keith Paul.
The demand has been so great that HandyPro, which employs seven at its corporate office and expects to add a few new franchise developments and support employees this year, stopped advertising franchise opportunities outside of brokers, Paul said.
"Our concern was we were growing too fast; we had to slow down to make sure we're doing it right," he said.
Paul expects HandyPro International to see $1.2 million in revenue this year, up from $962,000 last year. And he projects HandyPro Handyman Service Inc. franchises, which do business as HandyPro Senior Modifications & Handyman Services, to generate collective revenue of $5.1 million this year, up from $3.9 million in 2012.
Initial franchise fees are $9,500 plus a territory fee of $39,500 for the first franchise and a marketing startup fee of $1,500.
(Read More)
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