Any franchise owners out there? - REO Property Preservation Forum
 
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post #1 of 3 (permalink) Old 02-28-2015, 10:00 AM Thread Starter
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Any franchise owners out there?

Considering buying a franchise (national Handyman service). I've done my research, next phase is to look at their books. Before I take the time of it...seeking other level headed peoples advice.

My take:
Pros: 1. The backing of a national branding 2. They cover marketing 3. They provide growth/expansion coaching

Cons: 1. 10% + Royalties for something I could probably build/grow on my own 2. Abiding by their structure


Hell I don't know....I'm just looking for ways to work (physically) less and put my faith in a team <---that is the scariest part of it all.
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post #2 of 3 (permalink) Old 02-28-2015, 11:16 AM
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P3,

I have a good friend, Jeff, who was/is a Master Plumber who decided a few years ago (3-4) to advertise Handyman services. Holy Crap it took off like you couldn't believe. Shocked him since he just thought maybe it would be a time-filler for a crew. Nope- he has 5 vans running full time and has been trying to hire additional help at $18/hr plus benefits without much luck. It's the emergency night work that's the killer on the employee hunt. He is out of Ames but also does DSM area.

In Indianola a fella across the street from home was a P&P fella who started a handyman service for Warren Co and he now has 2 trucks going full time.

Neither are franchises. I personally like franchises since it gives the appearance AND support structure.

Personally, from what I see as a huge demand is the sewer clean out business. I know there are the RotoRooter franchise guys BUT has anyone tried to book an appt with them? 2 days wait normally. Buy a Jetter and cash in if its work that appealing. I had looked at Mr Rooter and that's appealing....not glorious work ��
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post #3 of 3 (permalink) Old 03-01-2015, 11:54 AM
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If I were going to invest in a franchise it would be Smartphone repair coupled with Insurance on the phones. I have a friend who owns 2 and he is KILLING IT! it's unlike anything I have ever seen.

The Vapor stores are doing well here as well.

I can't see the advantage of a handyman, window, or siding franchise. I have worked for and with a few in the past and it just doesn't make sense. You end up kicking money up for a name and that's about it. When there is a dispute or an issue they pressure you to take a loss just to protect the name. There are many disadvantages and no advantages.
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