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Proven Scale
357 franchised units operating in 39 states as of 2025, with steady net growth of 10 to 21 units annually since 2023.
Item 19 Disclosure
Average and median Gross Sales reported for 165 franchisees operating 341 businesses in 2025, segmented by unit count.
Neighborly Backing
Part of Neighborly network with shared resources, including call center, approved suppliers, and national marketing fund.
About Mr. Handyman
Mr. Handyman franchises, offered by Mr. Handyman SPV LLC of Waco, Texas, provide professional maintenance, repair, and improvement services to business and residential customers. The brand stems from a predecessor franchisor active since 2000 and is owned by Neighborly Assetco LLC, ultimately controlled by KKR-affiliated funds. As of 2025, the system includes 357 franchised units across 39 states and DC.
Franchisees operate handyman service businesses delivering repairs, maintenance, and improvements within territories of 40,000 to 60,000 households defined by postal codes or boundaries. Services use franchisor-approved techniques, supplies, and software such as ServiceTitan. Territories offer limited protection but are non-exclusive, with franchisor rights reserved for key accounts and other channels.
Neighborly Assetco LLC is the direct wholly-owned parent of the franchisor and part of a corporate chain ultimately controlled by investment funds affiliated with Kohlberg Kravis Roberts & Co. L.P. (KKR) through Nest Bidco Inc., following the KKR Acquisition on August 31, 2021.
The business model
How a Mr. Handyman territory actually makes money at the unit level.
Initial Investment
Total estimated at $161,900 to $215,000 for a new single-unit franchise, including $67,000 franchise fee and $55,000 initial package fee.
Ongoing Fees
7% royalty on Gross Sales (3.5% on material and subcontractor revenue), 2% marketing, $196.95 monthly software fee.
Territory Structure
40,000 to 60,000 households per territory via postal codes; limited protection if compliant, non-exclusive for key accounts.
Supply Requirements
Mandatory use of ServiceTitan software, franchisor initial and technology packages; rebates shared via ProTradeNet.
Local Marketing
Minimum $60,000 in year 1, $75,000 in year 2, then 8% of prior Gross Sales; possible local marketing group contribution up to 3%.
Quick facts
Initial franchise fee
$67,000
Total investment range
$161,900 – $215,000
Royalty
7.00% of gross revenue
Marketing fund
2.00% of gross revenue
Founded
2020
Headquarters
Waco, TX
Active US franchisees
n/a
Total US units
n/a
Training & support
What the franchisor + parent platform provide. And what they don't.
What's provided
- +Pre-opening training programs as specified in Franchise Agreement Sections 6B and C.
- +Training may be conducted remotely or virtually.
- +Franchisees must bring a laptop meeting minimum specifications to training.
- +Ongoing support includes field visits, refresher courses, regional meetings, and Operations Manual updates.
- +Toll-free support line with call routing services provided continuously.
Multi-unit growth path
Item 19 data includes performance for owners of up to 5-6 units. Additional territories may be available after demonstrating compliance and performance in initial location; initial fees may vary by size.
Capital + financing paths
Most operators use one of these four paths to fund the initial investment.
Personal Capital
Most franchisees fund initial investment through savings, home equity, or 401(k) rollovers.
SBA Loans
Eligible for SBA 7(a) financing covering up to 90% of investment for qualified buyers.
Third-Party Lenders
Banks and franchise-specific lenders provide term loans based on FDD estimates and personal credit.
Process timeline: inquiry → grand opening
Typical 12-16 week path from first call to launching your first customer route.
Week 1: Inquiry and Application
Submit application; franchisor reviews qualifications and territory availability.
Weeks 2-3: Due Diligence
Review FDD, validate Item 19 data, consult advisors; execute franchise agreement and pay $67,000 fee plus $55,000 package fee.
Weeks 4-6: Pre-Opening Setup
Acquire computer hardware, vehicles, tools for two vans, insurance; secure permits and real estate deposits.
Weeks 7-8: Initial Training
Attend remote or virtual pre-opening training; cover travel, lodging costs estimated at $3,000 to $4,000.
Weeks 9-11: Launch Preparation
Purchase opening marketing materials, uniforms, equipment; conduct local marketing to meet year 1 minimum.
Week 12: Opening
Commence operations with three months working capital; activate call center and software systems.
Find out in 60 seconds
Are you a Mr. Handyman match?
12 questions. Math-first. No high-pressure sales call afterwards. Just your fit-score and the reasoning behind it.
Take the assessmentCommon questions
How much does a Mr. Handyman franchise cost?
Initial franchise fee is $67,000, plus $55,000 initial package fee; total investment ranges from $161,900 to $215,000.
What is the royalty fee for Mr. Handyman?
7% of Gross Sales, reduced to 3.5% on material revenue and subcontractor revenue; 2% marketing fee.
Mr. Handyman initial investment breakdown?
Includes vehicles ($7,500-$15,000), tools ($10,000-$20,000), three months additional funds ($60,000-$90,000), and other setup costs.
Does Mr. Handyman provide financial performance data?
Yes, Item 19 shows average and median Gross Sales for 165 franchisees with 341 businesses in 2025, by unit count.
Mr. Handyman territory size?
40,000 to 60,000 households defined by postal codes or boundaries; limited protection, non-exclusive for key accounts.
Mr. Handyman vs other handyman franchises?
Offers Neighborly backing, Item 19 disclosure, and integrated software; 357 units indicate established scale.
What training does Mr. Handyman provide?
Pre-opening program per agreement, remote/virtual options; ongoing field visits, refreshers, and toll-free support.
Mr. Handyman franchisee reviews or success rates?
System grew to 357 units by 2025 with low terminations (4-11 annually); consult Item 19 and listed franchisees.
Can I own multiple Mr. Handyman franchises?
Yes, Item 19 covers multi-unit owners up to 5-6 businesses; additional territories available post-performance.
Mr. Handyman support after opening?
Includes supplier updates, periodic visits, refresher training, national marketing fund, and call center services.