Mr. Handyman franchise
Mr. Handyman provides home repair and maintenance for homeowners and property managers, from small fixes to light remodeling. It runs from an office and service vehicles rather than a storefront and is part of Neighborly. At the end of 2025 there were 357 Mr. Handyman locations in the US, all franchised.
- Cost to open
- $162K–$215K
- Franchise fee
- $67,000
- Royalty
- 7%
- Locations, 2025
- 357+49 in 3 yrs
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Company snapshot
- Franchisor based in
- Waco, Texas
- Time to open
- About 45 days after training, 1 to 3 months after signing
- Agreement length
- 10 years
- Territory
- Limited protection
- Financing
- Some financing offered
From Mr. Handyman SPV LLC’s 2026 filing.
How much a Mr. Handyman franchise costs
Opening one Mr. Handyman franchise costs an estimated $161,900 to $215,000. That covers the franchise fee and everything else needed to open, through the first months of working capital.
Source: Mr. Handyman SPV LLC, 2026 filing, page 38
Mr. Handyman franchise fee
The franchise fee is $67,000, for a territory of about 40,000 to 60,000 target households, plus a $5,500 initial package. You pay it when you sign the franchise agreement.
Source: Mr. Handyman SPV LLC, 2026 filing, page 23
Royalty and ongoing fees
| Royalty | A license fee of 7% of gross sales (3.5% on materials and subcontractor revenue), with minimums, paid weekly. |
|---|---|
| Brand or marketing fund | 3% of gross sales |
Source: Mr. Handyman SPV LLC, 2026 filing, page 25
Sales and earnings
Shares figures Mr. Handyman publishes sales or earnings figures for its locations: it reports historical gross sales for franchised businesses. The full tables, with notes on which locations are counted, are in its filing.
Source: Mr. Handyman SPV LLC, 2026 filing, page 73
Locations opened and closed
| Year | Franchised | Company-owned | Closed |
|---|---|---|---|
| 2023 | 326 (+18) | 0 | 8 |
| 2024 | 347 (+21) | 0 | 6 |
| 2025 | 357 (+10) | 0 | 12 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
Source: Mr. Handyman SPV LLC, 2026 filing, page 76
How Mr. Handyman compares
Of the 5 handyman franchises on this site, Mr. Handyman is the most expensive to open and the 2nd largest by number of locations.
| Measure | Mr. Handyman | Typical handyman |
|---|---|---|
| Cost to open, low end | $162K | $133K |
| Royalty | 7% | 6% |
| Closed or left per year | 2.6% | 7.5% |
| Change in franchised locations, 3 yrs | +15.9% | +25.6% |
| Shares earnings figures | Yes | 5 of 5 |
Typical is the median across the 5 brands in handyman franchises.
Other handyman franchises
Mr. Handyman franchise questions
How long does it take to open a Mr. Handyman?
About 45 days after training, 1 to 3 months after signing, according to Mr. Handyman's 2026 filing. Finding a site, permits and build-out are what usually stretch it.
Does Mr. Handyman help with financing?
Yes, in some cases. Mr. Handyman may finance part of the cost, such as the franchise fee, for qualified buyers; terms are in its filing.
Do Mr. Handyman franchisees get a protected territory?
Partly. You get some protection, but not an exclusive territory.
How long is a Mr. Handyman franchise agreement?
The initial term is 10 years. Renewal is usually possible if you're in good standing, often for a fee and a remodel.
Is Mr. Handyman growing or shrinking?
Over the last 3 years 75 franchised locations opened and 26 closed or left, a net change of +15.9%. About 2.6% of locations closed or left each year. That is below the 7.5% typical for handyman franchises.
How does Mr. Handyman compare with other handyman franchises?
Of the 5 handyman franchises here, Mr. Handyman is the most expensive to open (low end $162K against a $133K median) and the 2nd largest by number of locations. Its 7% royalty is above the 6% median.
Does Mr. Handyman say how much franchisees make?
Yes: it reports historical gross sales for franchised businesses. Your results can differ; the filing explains which locations are counted.
Where is Mr. Handyman based?
Mr. Handyman SPV LLC is based in Waco, Texas.