Gross Revenue: $160,000
HandyPro West Michigan
What's in it for YOU?
HandyPro of West Michigan is an established franchise, located in the super-popular Grand Rapids area - one of 'the best places to raise a family' in the US. HandyPro Int'l is a country-wide franchise brand, based in Plymouth, MI, and as such, is readily available for franchisee support. This franchise holds 3 listed territories, which include the Grand Rapids Metro area, all the way to the lakeshore communities of Holland and Muskegon. The business was originally based on providing excellent, trusted Handyman services, to answer a wide and important need. In recent time, the brand has expanded to include Home Modification services for Seniors and the Disabled. What is unique is that we represent a very wide range of vendors in the field, rather than being tied to one vendor - so we pride ourselves as being able to answer the unique clients' requests and needs with client-specific solutions. What that means is that, let's say the client may have a need for a barrier-free shower. HandyPro has many vendors - all of which are very highly reputable and reliable, with proven products - who can answer the specific need, such as special dimensions, finishes, features, OR something totally outside the box, which is site-built. And that same breadth of consideration has been given with the selection of walk-in tub vendors, grab-bar vendors, you-name-it vendors. As an owner, you don't need to possess Handyman or construction skills - your job is to acquire Craftsmen and Sub-Contractors with those skills, who allow you to run and maintain the business.
As an incoming Franchisee, you would need to complete the vetting process of the Franchisor, and the Franchisee training provided by the Franchisor, paid for by the seller. The purchase price includes the franchise territories, the book of customers belonging to HandyPro of West Michigan, and any remaining marketing materials, Craftsmen uniforms and Franchisee-furnished supplies. There is no product inventory, per se, as the materials for each project are purchased for that specific project (so your overhead is very limited in the way of inventory costs).
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: This Franchise requires no specific facilities, and therefore, no physical facility is included - this business is well-suited to a 'home office' setting, with no store-front needed. One Franchisor requirement is for one HandyPro-logo'd or -wrapped vehicle. The 2013 Ford Escape currently in use for this franchise is available at additional cost and separate sale.
Competition: The market is a territory of 300,000 owner-occupied homes, in a rapidly growing area of Michigan (and the US). There are other Handyman companies in the vicinity, mostly one-man owner/operator entities. HandyPro has prided ourselves and built a reputation in providing very high-quality services. The real open market, though, is in the Home Modification business market, in which HandyPro is quite unique and stands pretty much alone.
Growth & Expansion: The vast majority of our current book of business is with the general Handyman business services. With the right person, the opportunity for expanding the Home Modification business is huge, especially with the aging population
Support & Training: The HandyPro Headquarters in Plymouth offers exceptional support for its Franchisees, including a call center, and a proprietary POS software system which downloads directly into QuickBooks, and tracks all sales and receipt transactions, using an I-pad, Android, or Smart phone access point. The initial training is a week long, with monthly seminars and direct support
Reason for Selling: Undercapitalization
Franchise: This business is an established franchise
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