See Similar Listings

Thriving MN Home Repair Franchise with Strong Cash Flow

Minneapolis, MN

Seller Financing Available

Asking Price:$625,000
Gross Revenue:$2,626,220
FF&E:$25,000
Cash Flow:$210,977
Rent:$2,200/Month
Established Year:2015
Listing ID: 2281519Listing provided by BizBuySell
BUSINESS DESCRIPTION

Low-Risk, High Reward, Steady Growth!

This Handyman Connection location in Eden Prairie, Minnesota, is the largest in North America and the only one in the state. It offers a low-risk, high-reward opportunity with proven cash flow and steady growth in revenue and customer demand.

Why This Business? The business has shown consistent growth, with revenue and cash flow expected to continue increasing in 2024. In 2022, the business saw a 60.6% increase in revenue, demonstrating its rapid expansion and strong market presence. It operates with over 15 skilled craftspeople and trained appointment setters managing daily operations. With 200+ five-star Google reviews and a customer list of 20,000+, the business enjoys an outstanding reputation. Most repeat business comes from highly effective text and email marketing, which is low-cost and highly profitable.

The business runs on well-established systems that track everything from sales and job profitability to material costs. Its CRM keeps all metrics at your fingertips, making it easy to monitor performance. Strong supplier relationships ensure smooth day-to-day operations, while partnerships with commercial clients bring in consistent, reliable work.

There’s ample growth potential as the only Handyman Connection in Minnesota. Expansion opportunities include new service areas or partnerships with other trades like electrical and plumbing. The business sees success with Google traffic, signs, and a magazine ad campaign, but there’s room to explore more local networking and BNI groups.

The current owner works part-time, focusing on strategy and overseeing operations, with a capable team handling the daily tasks. The seller is offering financing options to ensure a smooth transition.

This is a rare opportunity to take over a profitable, well-established business with minimal competition and room for growth. Systems and team are in place, and the brand is well-respected. Inquire now for NDA by email!

DETAILED INFORMATION
Location
Minneapolis, MN
Inventory
Not Included in asking price
Real Estate
Leased
Employees
17
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The sale encompasses all essential assets for business operations, valued at approximately $250,000. This includes office furnishings like computers, desks, chairs, and peripherals, as well as company tools ranging from drywall lifts to tile saws. The fleet consists of 1 box truck and 1 mini van.
Competition
Homeowners are eager to improve and preserve their homes, driving growth in the handyman and home improvement market. This industry is recession-resistant, as people need repairs and renovations no matter what the economy is like. With older homeowners seeking renovations to age in place and younger generations preferring do-it-for-me services, the demand for home improvement continues to grow. Handyman Connection is a leading brand in the industry!
Growth & Expansion
As the only HC in MN, there is lots of potential to expand into new service areas or partner with trades like electrical and plumbing. Tapping into local networking groups, like BNI, and increasing community involvement could bring in more business. With a strong team already in place, a new owner can grow both residential and commercial work by building on existing partnerships and marketing efforts. There’s also a chance to create a career path to train and keep skilled handypeople, ensuring the business can meet growing demand and boost revenues.
Financing
Some seller financing available
Support & Training
Franchisor offers 5 weeks of remote & 5-day in-person training. Franchisees benefit from newsletters, meetings, conventions, a support line, online support, field operations, proprietary software & franchisee intranet. Marketing support includes ad templates, national & regional advertising, social media strategies, SEO, website development, and email marketing.
Reason for Selling
Other business ventures
Franchise
This business is an established franchise
Report an Issue with this listing
Buyer Services
Phone Number
Buyer Services
Call Phone