handyman business plan template

Handyman Business Plan [How to Write + Template] 

• Last Updated: Aug 25, 2022

A handyman business plan is essential whether you’re a first-time business owner or an established handyman trying to expand your handyman business. 

Based on an analysis , researchers have concluded that business planning aids company founders in making better decisions, balancing resource supply and demand, and concretizing otherwise intangible goals into actionable ones. 

You may increase the likelihood of success for your handyman business by writing a handyman business plan and using it to secure financing, if necessary. 

As your handyman business evolves and develops over time, it is important to revise and update your handyman business plan every year. In this blog, we’re giving you every detail about how to put together a comprehensive business strategy for your handyman services.

Table of Content

• How to Write Business Plan for Handyman Business

Handyman Business Plan Template

How to write business plan for handyman business .

The following are the key components that explain how to write a handyman business plan :-

1. Executive Summary

Although it serves as an introduction to the rest of your handyman business plan, the executive summary is typically written last because it summarises each important part. One of the main purposes of an executive summary is to catch the reader’s attention right away. 

Inform them of the nature and progress of your handyman business. For instance, do you own a new business, handyman services that you intend to expand, or a handyman service franchise?

The following are the key components of your home repair business plan :- 

• How is the current handyman industry? Describe in a high-level summary.
• What is the type of your handyman services? Will it be technical services, repair services, or maintenance services? 
• Who is your target audience? 
• Who are your key competitors? 
• Describe your marketing strategy in brief. 
• A brief of your financial strategy

2. Company Description

Your company summary is where you get to really sell yourself and explain just what kind of handyman services you offer. There are different kinds of handyman services offered by a handyman business . 

These include services related to plumbing, drywall, painting, fixtures, tiles and stones, and waterproofing. 

Describe in detail what kind of handyman services you offer and the details of your company to the reader. For example, the key dates of your company like the date of establishment, your accomplishments, sales goals, and your company’s legal details.

3. Market Research

To complete your market or handyman industry research, you must give a brief summary of the handyman business. It’s a useful tool for learning about the industry in which you’ll be competing.

Additionally, if you analyze the data and find market trends, market research can help you develop a more effective marketing strategy. You should include details such as:- 

• Total Revenue generated by your handyman business 
• The leaders in the handyman business
• The handyman industry growth over the next 10 years 
• The market size 

4. Customer Analysis

This section of your handyman business plan should include information about who you’ve served in the past and who you hope to serve in the future. Anyone from people to large businesses to families and even educational institutions could make up your target market.

The industry you run a business in depends entirely on the niche you pick. Individuals’ reactions to advertising efforts won’t necessarily mirror those of your business.

You should segment your potential buyers by their demographic and psychographic characteristics. In terms of the sex, age range, geographic spread, and income of the target audience for your business.

Client desires and expectations can be described in detail using psychographic profiles. The more you can detect and describe these needs, the better you will do in attracting and retaining your potential clients.

5. Competitive Analysis 

Identify who the competitors of your handyman business are and find their specific details. Describe each competitor’s business and list their advantages and disadvantages in the competitive analysis section. The following are the key details you must find about them:-

• Who exactly does this business cater to?
• What are their key handyman services?
• How do they price their handyman services ? 
• What are their major selling points? 
• What do they lack? 

Further on, you’ll have to detail how you stand out from the competition. 

• How is your handyman business better for the customers?
• What special features or advantages over the competition do you want to boast?
• Will there be competitive prices? 
• What will be your unique marketing approach? 

6. Marketing Strategy

The following are the key pointers that need to be included in the handyman advertising strategies of your handyman business plan:- 

• Specify handyman services that you’re planning to offer to your target market. Will you help with things like plumbing, wiring, painting, drywall, or more?
• Detail the planned rates of your handyman business and how they stack up against the competition in marketing. The items and prices portions of your handyman business plan are where you’ll detail what you sell and at what cost.
• Include a description of your handyman business’s location and how it will affect its success. Where exactly are you setting up shop as a handyman? Talk about why your location would be perfect for the target audience.
• The methods of promotions that you will be using to attract target clients will be in this section of your handyman business plan. What is your preferred marketing channel? Will it be traditional advertising, online advertising, or both?

7. Operations Strategy

While the introduction and body of your handyman business plan focus on explaining your goals, your operations, and your sales strategy detail how those objectives will be attained. There should be two main parts to your operations strategy:-

• How will be the operations of your handyman business? How will you be attending to customers, and managing invoices? It’s best to manage everything digitally with the help of service scheduling software like FieldCamp.
• What are your short-term and long-term goals in terms of customers and revenue generation? Are you planning on expanding your business and what is your sales strategy? 

8. Personnel in Charge

In order to prove the viability of your handyman business, you need a capable business management team. Bring attention to the experience and qualifications of your key individuals, particularly as they relate to the expansion of your organization.

You and/or your team members should ideally have previous expertise in leading handyman operations. In that case, you should emphasize your knowledge and experience in the field. However, don’t forget to mention any relevant experience you may have that could be useful to your company.

Building an advisory board might help fill any gaps in your team. There should be between two and eight people on your advisory board, all of whom would be willing to offer advice and guidance to your company. 

As a result, they would be able to answer queries and offer strategic advice. Seek out board members, if necessary, who have worked in management roles at handyman services.

9. Budgeting Strategy

Consider including a financial statement for the next 5 years in your financial plan, breaking down the first year into monthly or quarterly projections and the subsequent 4 years into yearly projections. 

Your income statement, balance sheet, and cash flow statement are the three main components of your financial statements in the financial plan.

10. Income Statement

Add a Profit and Loss (P&L) statement to your handyman business plan. It shows your revenue and then subtracts your costs to demonstrate whether you generated a profit or not.

What will be your income strategy? Will you offer referral discounts? What will the sales growth rate? The financial projections of your company are highly sensitive to the assumptions you make. 

Try to ground your assumptions in reality as much as possible through study in your handyman business plan.

11. Income and Expense Statements

The assets and debts of a company are detailed in a balance sheet in your handyman business plan. While balance sheets might be lengthy, it is important to distill the essential information down to the most crucial aspects.

12. Record of Transactions

In order to ensure that your organization never runs out of money, a cash flow statement is essential in your handyman business plan. Most business owners and entrepreneurs don’t understand that it’s possible to make a profit while yet going bankrupt due to a lack of capital.

To ensure the accuracy of your income and balance sheets, it’s important to account for all of the following essential expenses associated with running and expanding your handyman business:

• Total expense for machinery and supplies
• Wages and salaries paid to employees
• Insuring a company financially
• Legal fees, permits, software, and hardware are just some of the other costs associated with starting a handyman business .

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Here’s the link to the handyman business plan template that will help businesses understand how to create a handyman business plan

Free PDF Template of Handyman Service Business Plan

When you write a business plan for your handyman service, you must remember to make it concise and easy to read, typically not exceeding 15 to 20 pages in length. 

If you do have other documents that you believe may be useful to your audience and the goals you want to accomplish, you might want to think about including them as appendices. It’s best to check handyman business plan templates to have a clear idea.

Getting your handyman business off the ground is simple when you follow these 13 steps:

• Think about a good name for your handyman company
• Develop a strategy for your handyman enterprise
• Think about the best legal structure for your handyman business
• How to get start-up money for Your handyman business (If Needed)
• The first step in starting a handyman business is finding a suitable site and registering with the IRS
• You should open a business bank account immediately
• Make sure your business has a credit card
• Get your company the required permits and business license
• The owner of a handyman business might be wise to purchase professional liability insurance
• Get the right tools for your handyman business by buying or renting them
• You should advertise your handyman services, so prepare some promotional materials
• Get the programs you need to run your handyman business and set them up
• Prepare your company for clients

If you’re starting a handyman service, it’s a good idea to put together a handyman business plan. Following the aforementioned outline will make you an expert in no time. 

When you finish this handyman business plan, you will have a solid grasp of the fundamentals of marketing and the steps necessary to begin and grow a profitable handyman business. 

For those starting a new handyman business or those who wish to grow their current business exponentially, it’s best to have your operations optimized. 

FieldCamp is a service scheduling software that manages all the tedious tasks such as workforce management, managing invoices, tracking the growth, and more for your business. Get in touch with us if you wish to know more or avail a free 7-day trial to check the difference yourself.

Gaurang Bhatt

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• Business plans

Handyman Business Plan Template

Used 4,872 times

Start a new handyman business using a well-researched handyman business plan template to meet your goals faster.

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Created by:

​ [Sender.FirstName] [Sender.LastName] ​

​ [Sender.Company] ​

Prepared for:

​ [Recipient.FirstName] [Recipient.LastName]

​ [Recipient.Company] ​

Executive Summary

​ [Sender.Company] is a new handyman business located in [Sender.StreetAddress] [Sender.City] [Sender.State] [Sender.PostalCode] (Enter business location).

The company offers various residential handyman services, including plumbing, drywall service, carpentry, and door and window repair.

​ [Sender.City] will provide local residents and homeowners with a variety of services to help keep their homes in perfect condition. Some of these services include:

Door and window repair

(Add service)

​ [Sender.Company] will primarily serve the residents and homeowners of (Enter business location) and the surrounding area. The demographics of these customers are as follows:

85,235 residents

45% married

25% with children under 18

75% homeowners

Median age of 33

These demographics serve our company well. With such a large population of homeowners, many residents will need a local handyman to keep their homes in perfect condition.

Business Description

​ [Sender.Company] strives to be the best handyman service in the area that residents can trust for all of their home projects.

​ [Sender.Company] is led by [Sender.FirstName] [Sender.LastName] , who has been a handyman for (Enter number) years.

Since incorporation, the company has achieved the following milestones:

Found a commercial space and signed a Letter of Intent to lease it.

Developed the company’s name, logo, and website located at (website).

Planned the suite of services to be offered.

Determined equipment, supplies, and materials needed.

Begun recruiting key employees and experienced handymen

Mission Statement

The following are a series of steps that lead to our vision of long-term success. [Sender.Company] expects to achieve the following milestones in the following (Enter number) months:

(List the strengths that make your business unique)​

​ [Sender.Company] will provide local residents and homeowners with a variety of services to help keep their homes in perfect condition. Some of these services include:

Floor repair

Drywall installation and repair

Marketing Plan

​ [Sender.Company] seeks to position itself as a high-quality, friendly, and convenient handyman business.

The [Sender.Company] Brand

The [Sender.Company] brand will focus on the company’s unique value proposition:

Client-focused installation and repair services, where the company’s interests are aligned with the customer.

Service is built on long-term relationships and personal attention.

Promotions Strategy

​ [Sender.Company] expects its target market to be individuals within a 10-mile radius of its location. [Sender.Company] ’s promotion strategy to reach these potential customers includes:

Website/SEO

Social Media

Publications

Direct Mail

Pricing Strategy

The pricing will be determined by the materials needed and the amount of labor required to finish the job. Pricing will be moderate and less expensive than our competitors but more expensive than lower-quality, efficiency-driven handyman and repair businesses.

Operations Plan

Functional roles.

​ [Sender.Company] will need to fulfill the following functional roles to execute its business plan and ensure the company’s success:

Service Functions

Installation services

Repair services

Customer service

(Add function)

Administrative Functions

Social media management

Website management

Management Organization

​ [Sender.Company] is led by [Sender.FirstName] [Sender.LastName] , who has been a handyman for (Enter number) years. Throughout this time, he has worked on a variety of installation and repair services, both while employed by local handyman businesses and while operating alone.

Hiring Plan

​ [Sender.FirstName] [Sender.LastName] will serve as the Owner and Manager of [Sender.Company] . In order to launch, he needs to hire the following personnel:

Assistant Managers (1 to start)

Administrative Staff (1 to start)

Handymen (2 to start)

Financial Plan

Annual income / profit/loss statement.

Cash Flow Statement

Balance Sheet

Funding Requirements

Confidentiality Statement

The confidential information and trade secrets described above shall remain the exclusive property of the Company and shall not be shared or removed from the premises of the Company under any circumstances whatsoever without the express prior written consent of the handyman business.

Please find listed below any additional addendums related to [Sender.Company] :

(Add any relevant addendums)

​ [Recipient.FirstName] [Recipient.LastName] ​

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Handyman Business Plan Template

Written by Dave Lavinsky

Handyman Business Plan

Over the past 20+ years, we have helped over 500 entrepreneurs and business owners create business plans to start and grow their handyman companies.

If you’re unfamiliar with creating a handyman business plan, you may think creating one will be a time-consuming and frustrating process. For most entrepreneurs it is, but for you, it won’t be since we’re here to help. We have the experience, resources, and knowledge to help you create a great business plan.

In this article, you will learn some background information on why business planning is important. Then, you will learn how to write a handyman business plan step-by-step so you can create your plan today.

Download our Ultimate Business Plan Template here >

What is a Handyman Business Plan?

A business plan provides a snapshot of your handyman business as it stands today, and lays out your growth plan for the next five years. It explains your business goals and your strategies for reaching them. It also includes market research to support your plans.

Why You Need a Business Plan for a Handyman Business

If you’re looking to start a handyman business or grow your existing handyman company, you need a business plan. A business plan will help you raise funding, if needed, and plan out the growth of your handyman business to improve your chances of success. Your business plan is a living document that should be updated annually as your company grows and changes.

Sources of Funding for Handyman Businesses

With regards to funding, the main sources of funding for a handyman business are personal savings, credit cards, bank loans, and angel investors. When it comes to bank loans, banks will want to review your business plan and gain confidence that you will be able to repay your loan and interest. To acquire this confidence, the loan officer will not only want to ensure that your financials are reasonable, but they will also want to see a professional plan. Such a plan will give them the confidence that you can successfully and professionally operate a business. Personal savings and bank loans are the most common funding paths for handyman companies.

Finish Your Business Plan Today!

How to write a business plan for a handyman business.

If you want to start a handyman business or expand your current one, you need a business plan. The guide below details the necessary information for how to write each essential component of your handyman business plan.

Executive Summary

Your executive summary provides an introduction to your business plan, but it is normally the last section you write because it provides a summary of each key section of your plan.

The goal of your executive summary is to quickly engage the reader. Explain to them the kind of handyman business you are running and the status. For example, are you a startup, do you have a handyman business that you would like to grow, or are you operating a chain of handyman businesses?

Next, provide an overview of each of the subsequent sections of your plan.

• Give a brief overview of the handyman industry.
• Discuss the type of handyman business you are operating.
• Detail your direct competitors. Give an overview of your target market.
• Provide a snapshot of your marketing strategy. Identify the key members of your team.
• Offer an overview of your financial plan.

Company Overview

In your company overview, you will detail the type of handyman business you are operating.

For example, you might specialize in one of the following types of handyman businesses:

• Plumbing Handyman Business: Specializing in light plumbing services such as fixing a water leak or replacing a garbage disposal.
• Drywall Installation Business: Specializing in installation, drywall repair services, and re-finishing drywall.
• Fixture Replacement Business: Specializing in replacing fixtures including cabinetry, ceiling fans, lighting, and kitchen and bathroom faucets.
• Painting Business: Specializing in painting and patching interior and exterior walls.
• Tiling Business: Specializing in tile installation, replacement, and waterproofing.

In addition to explaining the type of handyman business you will operate, the company overview needs to provide background on the business.

Include answers to questions such as:

• When and why did you start the business?
• What milestones have you achieved to date? Milestones could include the number of clients served, the number of repeat clients, reaching $X amount in revenue, etc.
• Your legal business Are you incorporated as an S-Corp? An LLC? A sole proprietorship? Explain your legal structure here.

Industry Analysis

In your industry or market analysis, you need to provide an overview of the handyman industry.

While this may seem unnecessary, it serves multiple purposes.

First, researching the handyman industry educates you. It helps you understand the market in which you are operating.

Secondly, market research can improve your marketing strategy, particularly if your analysis identifies market trends.

The third reason is to prove to readers that you are an expert in your industry. By conducting the research and presenting it in your plan, you achieve just that.

The following questions should be answered in the industry analysis section:

• How big is the handyman industry (in dollars)?
• Is the market declining or increasing?
• Who are the key competitors in the market?
• Who are the key suppliers in the market?
• What trends are affecting the industry?
• What is the industry’s growth forecast over the next 5 – 10 years?
• What is the relevant market size? That is, how big is the potential target market for your handyman business? You can extrapolate such a figure by assessing the size of the market in the entire country and then applying that figure to your local population.

Customer Analysis

The customer analysis section must detail the customers you serve and/or expect to serve.

The following are examples of customer segments: homeowners, property managers, schools, and corporations.

As you can imagine, the customer segment(s) you choose will have a great impact on the type of handyman business you operate. Clearly, individuals would respond to different marketing promotions than corporations, for example.

Try to break out your target market in terms of their demographic and psychographic profiles. With regards to demographics, include a discussion of the ages, genders, locations, and income levels of the potential customers you seek to serve.

Psychographic profiles explain the wants and needs of your target market. The more you can recognize and define these needs, the better you will do in attracting and retaining your customers.

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Competitive Analysis

Your competitive analysis should identify the indirect and direct competitors your business faces and then focus on the latter.

Direct competitors are other handyman businesses.

• What types of customers do they serve?
• What type of handyman business are they?
• What is their pricing (premium, low, etc.)?
• What are they good at?
• What are their weaknesses?

With regard to the last two questions, think about your answers from the customers’ perspective. And don’t be afraid to ask your competitors’ customers what they like most and least about them.

The final part of your competitive analysis section is to document your areas of competitive advantage. For example:

• Will you make it easier for your customers to acquire your product or schedule handyman service?
• Will you offer products or handyman services that your competition doesn’t?
• Will you provide better customer service?
• Will you offer better pricing?

Think about ways to establish a competitive edge and document them in this section of your plan.  

Marketing Plan

Product : In the product section, you should reiterate the type of handyman company that you documented in your company overview. Then, detail the specific products or services you will be offering. For example, will you provide plumbing, electrical, painting, drywall, or other construction services?

Price : Document the prices you will offer and how they compare to your competitors. Essentially in the product and price sub-sections of your plan, you are presenting the products and/or services you offer and their prices.

Place : Place refers to the site of your handyman company. Document where your company is situated and mention how the site will impact your success. For example, is your handyman business located in a busy retail district, an industrial district, a standalone office, or purely online? Discuss how your site might be the ideal location for your target market.

Promotions : The final part of your handyman marketing plan is where you will document how you will drive potential customers to your location(s). The following are some promotional methods you might consider:

• Advertise in local papers, radio stations and/or magazines
• Reach out to websites
• Distribute flyers
• Engage in email marketing
• Advertise on social media platforms
• Improve the SEO (search engine optimization) on your website for targeted keywords

Operations Plan

While the earlier sections explained your goals, your operations plan describes how you will meet them. Your operations plan should have two distinct sections as follows.

Everyday short-term processes include all of the tasks involved in running your handyman business, including answering calls, scheduling appointments with clients, billing clients, and collecting payments.

Long-term goals are the milestones you hope to achieve. These could include the dates when you expect to book your Xth client, or when you hope to reach $X in revenue. It could also be when you expect to expand your handyman business to a new city.  

Management Team

To demonstrate your handyman business’ potential to succeed, a strong management team is essential. Highlight your key players’ backgrounds, emphasizing those skills and experiences that prove their ability to grow a company.

Ideally, you and/or your team members have direct experience in managing handyman businesses. If so, highlight this experience and expertise. But also highlight any experience that you think will help your business succeed.

If your team is lacking, consider assembling an advisory board. An advisory board would include 2 to 8 individuals who would act as mentors to your business. They would help answer questions and provide strategic guidance. If needed, look for advisory board members with experience in managing a handyman business.  

Financial Plan

Your financial plan should include your 5-year financial statement broken out both monthly or quarterly for the first year and then annually. Your financial statements include your income statement, balance sheet, and cash flow statements.  

Income Statement

An income statement is more commonly called a Profit and Loss statement or P&L. It shows your revenue and then subtracts your costs to show whether you turned a profit or not.

In developing your income statement, you need to devise assumptions. For example, will you see 5 clients per day? Will you offer discounts for referrals? And will sales grow by 2% or 10% per year? As you can imagine, your choice of assumptions will greatly impact the financial forecasts for your business. As much as possible, conduct research to try to root your assumptions in reality.  

Balance Sheets

Balance sheets show your assets and liabilities. While balance sheets can include much information, try to simplify them to the key items you need to know about. For instance, if you spend $50,000 on building out your handyman business, this will not give you immediate profits. Rather it is an asset that will hopefully help you generate profits for years to come. Likewise, if a lender writes you a check for $50,000, you don’t need to pay it back immediately. Rather, that is a liability you will pay back over time.  

Cash Flow Statement

Your cash flow statement will help determine how much money you need to start or grow your business, and ensure you never run out of money. What most entrepreneurs and business owners don’t realize is that you can turn a profit but run out of money and go bankrupt.

When creating your Income Statement and Balance Sheets be sure to include several of the key costs needed in starting or growing a handyman business:

• Cost of equipment and office supplies
• Payroll or salaries paid to staff
• Business insurance
• Other start-up expenses (if you’re a new business) like legal expenses, permits, computer software, and equipment

Attach your full financial projections in the appendix of your plan along with any supporting documents that make your plan more compelling. For example, you might include your office location lease or a list of certifications you’ve obtained.  

Writing a business plan for your handyman business is a worthwhile endeavor. If you follow the template above, by the time you are done, you will truly be an expert. You will understand the handyman industry, your competition, and your customers. You will develop a marketing strategy and will understand what it takes to launch and grow a successful handyman business.

Don’t you wish there was a faster, easier way to finish your Handyman business plan?

OR, Let Us Develop Your Plan For You

Since 1999, Growthink has developed business plans for thousands of companies who have gone on to achieve tremendous success.   Click here to see how a Growthink business plan writer can create your plan for you.

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Handyman Business Plan Template & PDF Example

• August 27, 2024
• Business Plan

Creating a comprehensive business plan is crucial for launching and running a successful handyman business. This plan serves as your roadmap, detailing your vision, operational strategies, and financial plan. It helps establish your handyman business’s identity, navigate the competitive market, and secure funding for growth.

This article not only breaks down the critical components of a handyman business plan, but also provides an example of a business plan to help you craft your own.

Whether you’re an experienced entrepreneur or new to the service industry, this guide, complete with a business plan example, lays the groundwork for turning your handyman business concept into reality. Let’s dive in!

Our handyman service business plan is structured to cover all essential aspects needed for a comprehensive strategy. It outlines the service’s operations, marketing strategy, market environment, competitors, management team, and financial forecasts.

• Executive Summary : Offers an overview of your handyman business’s concept, market analysis , management, and financial strategy.
• Services & Location: Describes the range of handyman services offered, the flexibility of on-site service delivery, and why the service area chosen is ideal for reaching target customers .
• Service List & Pricing: Lists the handyman services provided, including minor repairs, installations, renovations, and the pricing model.
• Key Stats: Shares industry size , growth trends, and relevant statistics for the handyman market.
• Key Trends: Highlights recent trends affecting the home maintenance and improvement sector.
• Key Competitors: Analyzes main competitors in the service area and how your business offers unique value.
• SWOT : Strengths, weaknesses, opportunities, and threats analysis specific to handyman services.
• Marketing Plan : Details strategies for attracting new customers and retaining existing ones, including digital presence, local advertising, and referral programs.
• Timeline : Sets out key milestones and objectives from the business launch through the first year of operation.
• Management: P rovides information on who manages the handyman business and their roles, emphasizing experience in home repairs and customer service.
• Financial Plan: Projects the business’s 5-year financial outlook, detailing expected income from services, cost management strategies, and anticipated profit margins.

Handyman Business Plan

Fully editable 30+ slides Powerpoint presentation business plan template.

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Executive Summary

The Executive Summary introduces your handyman business plan, providing a succinct overview of your company and its offerings. It should describe your market positioning, the array of home repair and maintenance services you provide, its location, size, and a brief on daily operations. 

This section should also delve into how your handyman business will fit into the local market, including the number of direct competitors in the area, identifying who they are, along with your business’s unique selling points that set it apart from these competitors. 

Moreover, information about the management and co-founding team, detailing their roles and contributions to the business’s success, should be included. Additionally, a summary of your financial projections, including revenue and profits over the next five years, should be presented here to provide a clear picture of your handyman business’s financial plan.

Handyman Business Plan Executive Summary Example

Business Overview

The  business overview  serves as the cornerstone introduction to your handyman service within the executive summary. Crucial details such as the service name, operational location, and an overview of the diverse services offered should be succinctly communicated.

This section sets the stage for highlighting the  unique selling proposition  ( USP ) of your service. Whether your focus is on versatile expertise, reliability, competitive pricing, or commitment to customer satisfaction, the USP should be the focal point that distinguishes your service.

Example: “HandyPro Services,” centrally located in [City Name], provides prompt and proficient handyman solutions within a [x]-mile radius. Our extensive service range covers general repairs, carpentry, plumbing, electrical work, painting, appliance installation, and routine maintenance. Renowned for our versatility and reliability, we specialize in addressing diverse repair and improvement tasks, enhancing property functionality and value.

Market Overview

An insightful presentation of the broader home improvement industry, encompassing handyman services, is crucial. This section aims to underscore the significant  market size , growth trends, and industry dynamics, substantiated by pertinent data on market valuation, growth rates, and emerging trends.

Additionally, a comprehensive analysis of the competitive landscape is essential. Identifying  key competitors  and elucidating your service’s positioning within this landscape is an opportunity to showcase its unique approach. Whether through comprehensive service offerings, transparent pricing structures, or a reputation for exceptional customer satisfaction, this is where your service’s competitive edge is emphasized.

Example: The broader home improvement industry, which includes handyman services, stands as a formidable market valued at approximately $577 billion, projecting a steady +3.70% CAGR from 2021 to 2025. Within the handyman sector,  HandyPro  Services operates within a [x]-mile radius, amidst a landscape primarily comprised of independent contractors and small businesses. Our emphasis on versatile expertise and customer satisfaction positions us uniquely among competitors, resonating with clients seeking reliable and proficient handyman solutions.

Management Team

The proficiency and expertise of the management team play a pivotal role in the success of a handyman service. Within the executive summary, it’s crucial to showcase the qualifications and experiences of key team members, underscoring their vital roles in steering the service towards excellence.

This section aims to highlight the core competencies and professional backgrounds of the team, assuring potential investors and partners of the service’s adeptness and capability to thrive in the industry.

Example: At HandyPro Services, our leadership boasts a wealth of expertise across various home repair and improvement tasks. Their leadership ensures stringent quality control, and effective project management, and fosters enduring client relationships, fundamental to our service’s success.

Financial Plan

The financial plan section encapsulates the strategic fiscal objectives and projections of your handyman service. It offers a concise overview of revenue targets, and profit margins, and outlines the trajectory guiding the service’s financial growth.

Example: HandyPro Services is dedicated to achieving substantial  milestones  in its financial growth trajectory, aiming for a notable annual revenue of $1.1 million, complemented by a commendable [21]% profit margin ( EBITDA ) by 2028. Our financial strategy hinges on maintaining competitive pricing structures while achieving commendable profitability, emphasizing a relentless pursuit of superior service quality and client satisfaction.

Services & Rates

Detail the range of home repair and maintenance services provided, from basic repairs like fixing leaky faucets and changing light fixtures to more specialized services such as kitchen remodels, painting, or installing home automation systems.

Outline your pricing strategy , ensuring it reflects the value of the services provided and aligns with the market you’re targeting. Highlight any service bundles, seasonal maintenance packages, or loyalty discounts that provide added value to your clients, encouraging repeat business and building customer loyalty.

Industry size & growth

In the Market Overview of your handyman business plan, start by exploring the size of the home improvement and maintenance industry and its growth potential. This analysis is vital for understanding the market’s breadth and pinpointing opportunities for expansion.

Key market trends

Continue by discussing recent market trends , such as the increasing homeowner preference for professional and reliable home maintenance services, the rise of smart home installations, and the growing interest in sustainable and energy-efficient home upgrades. For example, highlight the demand for services that cater to home automation, the eco-conscious homeowner, and the surge in DIY project assistance.

Competitive Landscape

A  competitive analysis  is not just a tool for gauging the position of your handyman business in the market and its key competitors; it’s also a fundamental component of your business plan. This analysis helps in identifying your handyman business’s unique selling points, essential for differentiating your business in a competitive market.

In addition, competitive analysis is integral in laying a solid foundation for your business plan. By examining various operational aspects of your competitors, you gain valuable information that ensures your business plan is robust, informed, and tailored to succeed in the current market environment.

Identifying Your Competitors in the Handyman Industry

The initial step in conducting a competitive analysis for your handyman business involves identifying your direct and indirect competitors. Direct competitors might include other local handyman services specializing in similar areas such as plumbing, electrical work, carpentry, or home repairs. Additionally, consider indirect competitors, such as larger home improvement stores offering similar services or even online platforms connecting customers with freelance handymen.

Utilize online resources like business directories, Google Maps, and local listings to create a comprehensive list of competitors in your area. Websites like Yelp, HomeAdvisor, or Angie’s List can offer valuable insights into customer reviews and ratings of competitor services.

Handyman Business Competitors’ Strategies 

Analyzing the strategies of your competitors encompasses various aspects that can provide essential insights into the market landscape:

• Service Offerings:  Assess the range of services offered by your competitors. For instance, if a local handyman service named “FixIt All” is known for its comprehensive home repair solutions, it indicates a market need for diverse services.
• Specializations and Expertise:  Consider whether competitors specialize in specific areas such as HVAC, remodeling, or emergency repairs. This specialization might cater to a particular customer segment seeking niche expertise.
• Pricing and Packages:  Compare the pricing models and service packages offered by competitors. Understanding if your pricing aligns with budget-friendly services like “QuickFix Solutions” or premium services like “MasterCraft Handyman” helps position your business accordingly.
• Marketing and Promotion:  Evaluate how competitors market their services. Are they utilizing digital marketing, local advertising, or relying on referrals? Understanding their promotional strategies can help in formulating your marketing approach.
• Customer Service and Satisfaction:  Analyze customer feedback and reviews to identify  strengths and weaknesses  in your competitors’ customer service. A competitor known for prompt responses and exceptional customer support can highlight areas for improvement in your services.
• Operational Efficiency:  Assess if competitors utilize technology or modern tools to enhance their efficiency. A handyman service using innovative scheduling software or providing online booking might appeal to a tech-savvy customer base.

What’s Your Handyman Business’s Value Proposition?

Reflect on what sets your handyman business apart from the competition. It could be your specialization in a particular niche, such as eco-friendly repairs or same-day emergency services, that distinguishes you.

Consider market gaps by analyzing customer needs and trends. For example, a growing demand for sustainable building practices might signal an opportunity to emphasize eco-friendly repair solutions where competitors are not focusing.

Tailor your services to your  target market  and location. A handyman business in a suburban area might emphasize larger renovation projects catering to homeowners, while one in an urban setting might focus on quick, on-the-go repair services for busy professionals.

First, conduct a SWOT analysis for the handyman business, highlighting Strengths (such as a broad range of services and quick response times), Weaknesses (including dependency on local market conditions or potential for irregular income), Opportunities (for instance, the growing trend towards home improvement and maintenance), and Threats (such as competition from larger home improvement companies or economic factors that may affect homeowners’ spending on maintenance).

Marketing Plan

Next, develop a marketing strategy that outlines how to attract and retain clients through efficient service delivery, word-of-mouth referrals, strategic local advertising, and a strong online presence, including an engaging website and active social media channels. Consider partnerships with local businesses and real estate agents to broaden your reach.

Marketing Channels

Utilize various marketing channels to enhance brand visibility, engage potential customers, and drive inquiries for your handyman services.

Digital Marketing

• Website and SEO:  Establish a professional website that showcases your services, customer testimonials, and contact information. Optimize your website for local SEO to rank higher in search results for handyman services in your area.
• Social Media:  Leverage social media platforms such as Facebook, Instagram, and LinkedIn to showcase completed projects, share home maintenance tips, and engage with your audience. Visual content and client testimonials can significantly boost trust and credibility.
• Email Marketing:  Implement an email marketing strategy to nurture leads and stay connected with customers. Provide valuable content, seasonal offers, and service updates through regular newsletters to keep your audience engaged.

Local Advertising

• Flyers and Local Print:  Utilize traditional marketing tactics like distributing well-designed flyers and brochures in local neighborhoods, community centers, and local businesses. Networking and forming partnerships with real estate agents, local hardware stores, or property management companies can expand your reach and bring in referrals.
• Networking and Partnerships:  Collaborate with real estate agents, local hardware stores, or property management companies to expand your reach and gain referrals.

Promotional Activities

• Special Offers : Launch seasonal promotions like ‘Spring Home Maintenance Discounts’ or ‘Holiday Fix-Up Packages.’ Offer discounts for first-time customers to encourage trial.
• Referral Programs : Encourage satisfied customers to refer friends and family by offering them discounts or rewards for successful referrals.

Sales Channels

Implement effective sales strategies to maximize revenue and ensure customer satisfaction.

Service Upselling

• Additional Services:  Offer additional services or upgrades during project consultations or while delivering ongoing services. Highlight the value of additional services such as preventive maintenance or home improvement consultations.
• Product Sales:  Recommend and sell related products such as tools, hardware, or maintenance kits to customers, demonstrating their benefits.

Online Booking and Sales

• Online Scheduling:  Simplify the process for customers to access your services by providing an easy-to-use online booking system. Ensure it’s available on your website and social media platforms, offering convenience and accessibility.
• E-Commerce:  Consider adding an e-commerce section on your website where customers can purchase handyman-related products, DIY kits, or home maintenance packages. This not only generates additional revenue but also keeps your brand top-of-mind for future service needs.

Membership and Loyalty Programs

• Membership Options:  Introduce membership options or recurring service plans at discounted rates for regular customers. Providing a monthly or quarterly service subscription can encourage repeat business and secure a more predictable revenue stream.
• Loyalty Rewards: D evelop a digital loyalty program that rewards customers with points for every service they avail of. These points can be redeemed for discounts or free services after reaching specific thresholds, incentivizing customer loyalty.

Strategy Timeline

Finally, create a detailed timeline that outlines critical milestones for the handyman business’s launch, marketing initiatives, client base development, and potential service expansion, ensuring the business progresses with clear direction and purpose.

The Management section focuses on the handyman business’s management and their direct roles in daily operations and strategic direction. This part is crucial for understanding who is responsible for making key decisions and driving the handyman business towards its financial and operational goals.

For your handyman business plan, list the core team members, their specific responsibilities, and how their expertise supports the business.

The Financial Plan section is a comprehensive analysis of your financial projections for revenue, expenses, and profitability. It lays out your handyman business’s approach to securing funding, managing cash flow, and achieving breakeven.

This section typically includes detailed forecasts for the first 5 years of operation, highlighting expected revenue, operating costs and capital expenditures.

For your handyman business plan, provide a snapshot of your financial statement (profit and loss, balance sheet, cash flow statement), as well as your key assumptions (e.g. number of customers and prices, expenses, etc.).

Make sure to cover here _ Profit and Loss _ Cash Flow Statement _ Balance Sheet _ Use of Funds

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Handyman Business Plan

Fixing small problems around the house, tinkering with stuff, and repairing things to make them work as well as new, might seem a simple job.

But it can only be done by someone who has the skill, eye for detail, and passion for it. After all, these small things can make life terribly inconvenient if not fixed the right way.

If you are planning to start a new handyman business, the first thing you will need is a business plan. Use our sample Handyman Business Plan created using Upmetrics business plan software and write your business plan in no time.

Before you start writing your business plan, spend as much time as you can reading through some samples of Cleaning, Maintenance & Repair Business Plans .

Read on to find out more about the industry and important things to take care of before you start your business.

Industry Overview

The handyman services market stood at a global value of 281.65 billion dollars in 2018 and has continued to grow ever since due to the increase in the number of people who look for repair services online.

Handyman services are high in demand due to their multipurpose nature. Most of the services are charged either on a per-hour basis or based on how challenging the job is.

From fixing curtains, and bulbs to maintenance services, a handyman can take care of everything, making their services in demand.

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Things to Consider Before Writing a Handyman Business Plan

Find out the market for your services.

As the handyman business covers a variety of services, it is a good practice to figure out what services are in demand and how they are procured. It is also advisable to see what localities need handyman services the most and can help you have a profitable business.

Research your competitors

Carry out thorough research about who your competitors are, what services they offer, and how they reach out to their target audience. This gives you a head start on the services you should and potentially would have to offer, it helps you figure out a better marketing strategy, and also gives you a chance to do something that’ll help you stand apart from your competition.

Have handy skills to take up unexpected tasks

Handyman services are known for and sought after due to their multipurpose nature. Hence, you need to stay prepared for taking up unexpected tasks that come your way. It is necessary to have both the skill and the right equipment for such problems.

Market research and competitive analysis can help you with this too.

Get permits and insurance

Having the proper legal licenses ensures that you stay on the right side of the law. And having insurance is essential for a handyman business due to the nature of the work that brings about claims of accidents and property damage.

Insurance helps rest assured and focus on what really matters.

Write Your Business Plan

If you have the talent and skill for fixing such problems, you can make it your profession through a handyman business.

All you need to do is find a way to get customers and a handyman business plan.

Reading sample business plans will give you a good idea of what you’re aiming for and also it will show you the different sections that different entrepreneurs include and the language they use to write about themselves and their business plans.

We have created this sample handyman business plan for you to get a good idea about how a perfect handyman business plan should look like and what details you will need to include in your stunning business plan.

Handyman Business Plan Outline

This is the standard Handyman business plan outline which will cover all important sections that you should include in your business plan.

• Market Validation
• Short-Term (1 -3 Years)
• Long Term (3-5 years)
• Mission statement
• Keys to success
• Fixit – 3-Year Revenue Highlights
• Company Ownership/Legal Entity
• Interior Operating Facilities
• Hours of Operation
• Startup summary
• Fixit will offer the following services
• Customer Service
• Market segmentation
• Market Trends
• Fixit Market Distribution
• Competitive Advantage
• SWOT analysis
• Marketing and Promotion Programs
• Positioning Statement
• Marketing Channels
• Pricing strategy
• Organization chart
• Management Team
• Hiring plan
• Important Assumptions
• Brake-even Analysis
• Profit Yearly
• Gross Margin Yearly
• Projected Cash Flow
• Projected Balance Sheet
• Business Ratios

After getting started with Upmetrics , you can copy this handyman plan into your business plan and modify the required information and download your handyman business plan pdf or doc file. It’s the fastest and easiest way to start writing your business plan.

The Quickest Way to turn a Business Idea into a Business Plan

Fill-in-the-blanks and automatic financials make it easy.

Download a sample handyman business plan

Need help writing your business plan from scratch? Here you go;  download our free handyman business plan pdf  to start.

It’s a modern business plan template specifically designed for your handyman business. Use the example business plan as a guide for writing your own.

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About the Author

Upmetrics Team

Upmetrics is the #1 business planning software that helps entrepreneurs and business owners create investment-ready business plans using AI. We regularly share business planning insights on our blog. Check out the Upmetrics blog for such interesting reads. Read more

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Handyman Business Plan Sample

Published Nov.11, 2016

Updated Apr.23, 2024

By: Cynthia Turner

Average rating 5 / 5. Vote count: 3

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Table of Content

Handyman business plan for starting your own business

Apartment renters and homeowners often need professionals for small maintenance tasks like installing curtains and shelves, pre-fabricated furniture installation, hanging artwork, changing lighting fixtures, AC repair, plumbing, and so on. It is not easy to find qualified experts who can provide such handyman services. If you are interested in starting a handyman business and offering the above services, you should come up with a well-analyzed and written business plan for handyman to seek financing from investors and banks.

Executive Summary

The business.

Handyman Next Door is a professional and licensed handyman repair company established with a well-positioned and maintained office space in LA, California. We are the professional handyman service providers who are aimed to compete in this highly competitive market in our home market Los Angeles and across the US.

Management of Handyman Service

If you are wondering how to start a handyman business , consider adding professional team to your business. Our professional team will include a talented pool of highly experienced and certified tradesmen and technicians with skills in different trades in and across Los Angeles and other parts of the US.

All our team members will be selected with proper trainings and they will be hired to meet the needs of our company and will lead us to stand out as the leading handyman service providers and we will be engaged in maintenance, installation and repair throughout the country.

Customers of Handyman Service

The sample handyman business plan includes the general repair and maintenance services for commercial and residential clients, such as electrical repairs, plumbing, AC repair and installation, carpentry, painting, etc.

Business Target

At Handyman Next Door, we are aimed to come out as one of the top handyman service providers in the US and we will ensure doing everything possible to compete with industry leaders.

Company Summary

Maintenance tasks like AC repair and installation, furniture repair, electrical works, plumbing, etc. have high demands among residential customers all the year round. In this part of handyman business plan examples , explain that you have professionally trained handymen and professionals who are bonded and trained by your company. Also describe how you are networked with third-party vendors like plumbers, electricians, computer techs and others.

Company Owner

When writing a business plan for handyman service , you need to describe who the owner of the company is.

Handyman Next Door has been owned and formed by Cal Wardin. He will be the sole owner of the company with a vast team of professionals. The company is going to incur some start-up costs and basic tools detailed below.

Why the handyman business is being started?

Handyman Next Door is a startup aimed to offer complete handyman service to the residents of Los Angeles and California. Cal Wardin was also engaged in offering such types of services with other organization. With vast and proven knowledge and experience, Cal is aimed to launch his family business as a reasonably priced, trusted, and qualified service provider. If you are wondering how to start a successful handyman business , having a strong base of repeat customers and generating market penetration are the keys.

How the handyman business will be started?

Handyman Next Door is going to build a solid web presence as part of our handyman marketing ideas . The following table includes detailed start-up summary along with needed capital to start operations. Cal is going to start with his own tools for jobs, but he will also need to acquire the following tools and equipments –

• Plumbing tools like snakes, slip wrenches, Teflon tape, nuts, caps, and bolts.
• Electrical tools like wire cutters, gauge meters, several wires, soldering iron, and wire caps.
• Painting materials like paint rollers, paint brushes, air compressor, pneumatic paint sprayer, spackle tools, sand papers, and masking tape.
• Some general tools.
• Pressure washer.
• Power tools like sander, drill, saw, etc.
• Laptop with portable printer for printing invoice

Services for Customers

Handyman Next Door has been established to improve profits by providing the best handyman services and maintenance, installation, and repair.

In order to run a successful handyman business, we are aimed to compete well with top handyman service providers and maintenance, installation and repair companies in the country.

We have put an excellent quality assurance team in place to ensure every installation, repair, and service is provided well to meet and exceed customers’ needs. We will strive hard to ensure Handyman Next Door will not just be renowned in Los Angeles, but also across the US. Here are the following services we have included in our handyman business plan template –

• Drywall installation/repair
• Plumbing repair
• Electrical installations
• Rooting repairs
• Appliance installation and repair
• Flooring installation and repair
• Kitchen remodeling
• Attic insulation
• Bathroom and shower remodeling
• Deck repair
• Fence repair
• Door installations
• Gardening and building service
• Power tool and yard repair and maintenance
• Exterior and interior painting
• Other installation, repair and maintenance services

Marketing Analysis of Handyman Business

If you want to know how to start a renovation company , be sure to analyze the market segment and trends related to it. For example, Handyman Next Door will focus on both online and offline advertising. We will use direct mail campaigns and email marketing to notify all the tenants and homeowners living in our target areas. We will distribute our pamphlets in local newspapers across the major geographic regions of the city. We will also use other marketing techniques, such as posting flyers, online ads, and ads on radio or cable TV in future.

Market Trends

Before opening a handyman business , you need to start doing proper economic analysis to reduce the threats and risks associated with investing in handyman business ideas or starting a business.

When it comes to how to market a handyman business , it is not all about acquiring a well-furnished office space and getting the place equipped. You also need to figure out how to attract customers and how to retain them so they can keep coming back for your services.

Basically, running and starting a handyman service is cost effective, especially when you have well-qualified, well trained and experienced team members. With the quality of work conducted for your customers, you can easily retain your customers and your company should do all the good work which will be spread by words of mouth. Customers will definitely want to recommend your services to their friends and families once you can get the job done well on their properties.

Your ability to provide quality services at competitive prices to the customers will be a major factor considered in the industry. This way, it will be easier for you to retain customers and attract new ones to get more business. The handyman market seems to be viable considering the existing competition in the industry.

Marketing Segmentation

There are basically two different customer groups to segment the market –

Home Owners

• Value of their homes generally range from $150,000 to $650,000
• Around 47% home owners prefer DIY small repairs. They often start the repair themselves and then realize that it’s not their cup of tea. Rests of 53% don’t even start to repair it on their own. They simply call a professional for every small repair.
• Around 62% of homeowners have been the owners for over 2 years.
• Rests of 73% of customers wait until a lot of small problems come ahead before calling a handyman. The reason is simple. They don’t want to bear a huge upfront cost just for small fixes.

Property Managers

• These types of customers usually manage 3 to 20 household units.
• They usually don’t have their in-house team for repair and maintenance to cut down on overhead costs.
• Their monthly rental ranges from $350 to $650.

We conducted a feasibility study and market survey before starting our handyman services in Los Angeles. Hence, we understand that there is a huge range of individual and corporate clients who need handyman services on daily basis. With that in mind, we have come up with certain strategies which would help us to reach out to several households and corporate organizations we know that they would need our services. Here are some of the individuals and organizations who we can target –

• Blue chip companies
• Insurance companies, banks, and other financial institutions
• Corporate clients
• Real estate developers, owners, and contractors
• Government organizations
• High schools, universities, colleges and other educational institutions
• Sports facilities
• Households and individuals
• Religious organizations

Product Pricing

Customers usually prefer who they know. They either call a contractor or handyman they know or they ask their neighbors or friends for recommendation. They often stay with their service provider until they get dissatisfied with their service. Cal is planning to dominate the market with words of mouth referrals which is done usually by exceeding the expectations of every customer.

Considering the economies, larger contracting companies are expected to offer better rates on hourly basis. But most of the large companies offer different specialized services, which need a lot of skilled workers and tools, which also increase their overhead and billable rates.

Highly Efficient Service

I am incredibly happy with the outcome! Alex and his team are highly efficient professionals with a diverse bank of knowledge!

Marketing Strategy

Our website will serve our customers as a basic catalog of services. We would list different skills our team has, and a range of referrals and testimonials on our site. It will be effective to help unsure visitors who haven’t heard about Handyman Next Door.

In order to attract traffic, Search Engine Optimization would be the cost-effective way to organically grow our web business. We can help people who are looking for a nearby handyman. It will also include searches of people who know about our organization but want to know more.

Competitive Analysis

Our competitive edge is offering best services at reasonable prices. So, our target customers would be more inclined to call Handyman Next Door whenever any problem occurs.

Sales Strategy

Our sales business strategy would be planned well to convert customers looking for temporary services to the ones choosing Handyman Next Door for different repairs. We would do the same in different ways. We will put a level of professionalism in each repair job. We will also focus on problem areas in home and provide the best solutions.

Sales Monthly

This section of handyman maintenance business plan includes average monthly sales done by Handyman Next Door –

Sales Yearly

This section of our handyman services business plan includes average annual sales done by Handyman Next Door –

Sales Forecast

We have developed a sales forecast in a complete way to help us achieve our sales goals. The following table details the breakdown of sales on the basis of our activities –

Personnel plan

Company staff.

When it comes to start a handyman business , you would need experienced team including senior management staff with experience of over 5 years and competent and qualified experts on the following positions –

• Head, Technical Services
• Sales and Marketing Executive
• HR and Admin Manager
• Client Service Executive
• Handymen (with varied skill sets related to your business)

Average Salary of Employees

The following table describes the average annual salary of each employee and total payroll for the next 3 years –

Financial Plan

Include the following sections on your handyman business plan sample –

Important Assumptions

All the vital financial assumptions for the next three years are listed here in this table –

Brake-even Analysis

The following graph indicates what our company will need and project in monthly revenue to cross the breakeven point –

Projected Profit and Loss

The tables and charts listed below indicate the project profit and loss of our company –

Profit Monthly

It includes the projected profit per month from our services.

Profit Yearly

It describes the annual profit for the next three years.

Gross Margin Monthly

It describes the gross margin on monthly basis for the next one year.

Gross Margin Yearly

It includes the gross margin we are expecting for the next three years.

Projected Cash Flow

The following chart and table indicates the cash flow we have forecasted –

Projected Balance Sheet

The following table includes all the assets and liabilities in our projected balance sheet –

Business Ratios

In this table, we are going to explain the business ratios of Handyman Next Door along with industry ratios for household and personal repairs and maintenance.

Download handyman business plan sample in PDF

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Last Updated on January 3, 2024 by Arif Chowdhury

Did you know that over 50% of small businesses fail within their first five years? If you’re one of the many handymen looking to start or expand your business, this statistic about homeowners might make you pause.

With well-crafted plans for your products and strategic partnerships in place, you can significantly increase your chances of success and attract a larger customer base.

An overview of your handyman company’s products is essential for a comprehensive business plan . It serves as the roadmap for guiding your operations and decision-making processes, particularly in the area of repair services.

It helps you set clear goals, measure progress, and stay on track towards achieving them. Moreover, a solid business plan also plays a crucial role in attracting strategic partners and securing funding for your company. It ensures customer satisfaction and helps in determining the appropriate fee for your venture.

Here is the download link for your Handyman Business Plan PDF Template.

We’ll explore how business plans can help small business owners navigate the challenges and seize opportunities in this competitive industry.

So let’s get started and discover how to create a winning blueprint for your handyman business.

Overview of a Comprehensive Handyman Business Plan

A comprehensive handyman business plan is like a roadmap for your complete handyman service. It lays out all the details and specifics that are crucial for the success and growth of your company.

It is important to understand the fee and the percentage associated with each line. Let’s dive into the key sections that should be included in this company’s plan, which has a fee attached to it.

1. Executive Summary

The executive summary is like the elevator pitch for your business. It provides an overview of your company, highlighting its mission, vision, and goals.

This section should capture the attention of potential investors or lenders by showcasing the unique value proposition of our handyman services as a company.

2. Company Description

Describe what sets our company apart from competitors and explain how we plan to meet the needs of our target market with our handyman services. As the handyman next door, we are dedicated to providing top-notch services to our customers.

Include details about the services our handyman next door company offers, such as home repairs, maintenance, installations, or renovations. Contact us for all your handyman needs.

3. Market Analysis

Conducting a thorough market analysis is essential to understand your target audience and competition. Research local demographics, and trends in the handyman industry, and identify gaps or opportunities in the market for your company.

This analysis will help your company determine pricing strategies and customer acquisition methods for your handyman services.

4. Organization Structure

Outline the organizational structure of your handyman company business in this section. Specify roles and responsibilities for each team member or contractor involved in providing services to clients in the company.

Whether it’s a handyman next door or any other contractor, it’s important to clearly define their tasks and duties. A well-defined structure ensures smooth operations and efficient service delivery for a company offering handyman services.

5. Services Offered

Clearly define the range of services your handyman company offers. Whether it’s fixing plumbing or electrical issues, performing general home maintenance tasks, or repairing systems – make sure to highlight these services provided by our company in detail.

6. Marketing Strategies

Marketing is crucial for attracting customers to your handyman company. Identify effective marketing channels such as online platforms (website, social media), local advertising (flyers, posters), or partnerships with local businesses (real estate agencies).

Develop strategies to promote the company’s brand awareness and attract new clients consistently for our handyman services.

7. Financial Projections

This section provides an overview of the financial aspects of your handyman company. Include projected revenue, expenses, and profitability for our company’s handyman services over a specific period.

When creating projections for a handyman services company, it’s crucial to be realistic and take into account factors such as pricing, overhead costs, and market demand.

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Step-by-Step Guide to Creating a Handyman Business Plan

Defining the vision and mission of your handyman company is the first crucial step in creating a successful business plan. Your vision for your handyman services should outline what you want to achieve with your business, while your mission statement should reflect the purpose and values that drive your company.

Next, conduct thorough market research to gain insights into your target audience, competitors, and the handyman services company. Identify who your potential handyman services customers are, their needs, preferences, and pain points. This information will help you tailor your services to meet their demands effectively.

Once you have a clear understanding of your target audience, it’s time to determine the services you will offer to your target audience. Consider customer demand and industry trends when deciding on the range of services you’ll provide. Offering a variety of services can attract more customers and increase revenue opportunities for a man.

Developing a robust marketing strategy is essential for promoting your handyman business effectively. Start by creating an online presence through social media platforms and a professional website for handyman services. Utilize local advertising channels such as flyers, newspaper ads, or radio spots to reach potential customers in your area, targeting men.

Networking is another powerful tool in growing your handyman business. Attend trade shows or local events where you can connect with other professionals, in related industries or potential clients who may require your services. Building relationships with other individuals, such as a man, can lead to valuable referrals and partnerships that benefit both parties involved.

Consider these key points when creating a marketing plan for your handyman business:

• Utilize online platforms: Establish an active presence on social media platforms like Facebook, Instagram, or LinkedIn to showcase completed projects, share tips, engage with potential customers, and connect with your audiences.
• Local advertising channels: Explore traditional methods like distributing flyers in targeted neighborhoods or placing ads in local newspapers to raise awareness about your business.
• Networking opportunities: Attend industry-related events or join professional organizations where you can meet potential clients or collaborate with other professionals.
• Customer testimonials: Encourage satisfied customers to leave reviews on websites like Yelp or Google My Business to build trust and credibility with potential clients.

Remember, a well-executed marketing strategy can significantly impact the growth of your handyman business by increasing brand visibility and attracting more customers.

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Sample Handyman Business Plan for Reference and Inspiration

Creating a business plan for your handyman venture is crucial for success. It helps you outline your goals, strategies, and financial projections .

To assist you in this process, we have prepared a sample handyman business plan that you can refer to for inspiration.

Gain Insights into Structuring Your Document Effectively

It’s essential to present information in a clear and organized manner. Our sample plan provides a step-by-step guide on how to structure different sections effectively.

From the executive summary to market analysis and financial projections, each component is explained concisely.

Engage Your Readers with an Engaging Company Background

Your company background sets the stage for your handyman business plan. In our sample plan, we demonstrate how to engage readers by sharing relevant details about your experience, skills, and qualifications as a contractor.

By highlighting past projects or certifications, you can instill confidence in potential clients or investors.

Real-Life Examples from Successful Handymen Businesses

To help you understand how the market analysis should be conducted in your handyman business plan, our sample includes real-life examples from successful handymen businesses.

You’ll learn how to identify target markets, analyze competition, and position yourself uniquely in the industry. These examples will inspire ideas and strategies tailored specifically to your situation.

Financial Projections Made Easy

Financial projections can be intimidating for many entrepreneurs, but they are crucial for demonstrating the profitability of your handyman business.

Our sample plan breaks down financial projections into manageable sections such as startup costs, revenue forecasts, and profit margins. With these examples at hand, you’ll gain insights into estimating expenses accurately and projecting future growth.

Customize Your Plan with Ease

Using our sample handyman business plan as a template allows you to customize it according to your specific needs easily.

You can adapt the language, add or remove sections, and tailor the content to reflect your unique skills and services. This flexibility ensures that your business plan accurately represents your vision and goals.

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Financial Projections and Profit Analysis

To ensure the success of your handyman business, it’s crucial to have a solid understanding of your financial projections and conduct a profit analysis .

By accurately forecasting revenue streams and calculating expenses, you can determine the viability of your business model and attract potential investors or secure loans for expansion.

Accurately forecast revenue streams

It’s essential to analyze historical data or industry benchmarks relevant to the handyman sector. This will help you make informed decisions about potential sales and income for your business. Conducting market research and studying market conditions can provide valuable insights into customer demand, pricing strategies, and competition.

Some key factors to consider when forecasting revenue streams include:

• Market analysis: Understand the size of the market, trends, and growth opportunities in your area.
• Competitive analysis: Identify other handyman businesses in your region and assess their strengths, weaknesses, pricing structures, and services offered.
• Potential customers: Determine who your target audience is by considering demographics such as age group, income level, location, and specific needs.
• Sales strategies: Develop effective sales strategies that align with customer preferences and differentiate yourself from competitors.

Calculate expenses

In addition to forecasting revenue streams, it’s important to calculate all expenses related to running your handyman business. This includes not only direct costs but also indirect costs that may impact profitability. Some common expenses include:

• Labor costs: Consider wages for employees or subcontractors who will be assisting with various handyman tasks.
• Equipment maintenance: Account for regular maintenance costs associated with tools, vehicles, or machinery used in providing services.
• Insurance premiums: Factor in insurance coverage for liability protection or workers’ compensation.
• Marketing expenditures: Allocate a budget for advertising efforts such as online marketing campaigns or printing promotional materials.

Conduct a profit analysis

Once you have accurate financial projections and expense calculations in place, conducting a profit analysis is crucial. This analysis will help you determine whether your business model is financially sustainable and if it can generate the desired profit margins.

Key components of a profit analysis include:

• Income statement: Prepare an income statement that outlines your projected revenue, expenses, and net profit over a specific period.
• Balance sheets: Create balance sheets to assess your assets, liabilities, and equity.
• Cash flow: Evaluate the cash flow of your business by analyzing incoming and outgoing funds.
• Executive summary: Summarize the key findings from your profit analysis to present to potential investors or lenders.

Use financial projections to attract investors or secure loans

Financial projections not only help you understand the financial health of your handyman business but also serve as a valuable tool for attracting potential investors or securing loans for expansion.

When presenting your financial projections, be sure to highlight key findings from market research, revenue forecasts, expense calculations, and profit analysis.

Through financial predictions, you may show that you have a thorough understanding of the market, prospective profitability, and successful management techniques, which will improve your chances of getting finance for expansion projects.

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Marketing and Competitive Strategies for Handyman Businesses

To run a successful handyman business, it’s crucial to have effective marketing and competitive strategies in place. These strategies will help you reach your target market, stand out from competitors, and generate more business.

Let’s explore some key tactics that can give your handyman business a competitive edge.

1. Identify Target Market Needs and Preferences

Understanding the needs and preferences of your target market is essential for crafting effective marketing messages . Take the time to research and identify what homeowners in your area are looking for. Are they seeking quick fixes or long-term solutions? Do they prioritize affordability or quality workmanship?

You may improve your connection with potential clients by customizing your marketing messaging to speak to these particular requirements and preferences. For instance, if you discover that homeowners place the highest importance on dependable service, make sure to highlight your commitment to prompt project completion and your timeliness.

2. Utilize Online Platforms

In today’s digital age, online platforms offer valuable opportunities to reach potential customers. Leverage social media platforms like Facebook, Instagram, or Twitter to showcase your work, share customer testimonials, and engage with your audience.

Create compelling content that educates homeowners about common household issues or provides DIY tips – positioning yourself as an expert in the field.

Ensure that your business is listed on local directories such as Yelp or Angie’s List. This increases visibility among individuals actively searching for handyman services in their area.

Implementing search engine optimization (SEO) techniques on your website can also improve its ranking on search engine results pages (SERPs), making it easier for potential customers to find you.

3. Highlight Unique Selling Points

In a competitive industry like the handyman business, it’s crucial to differentiate yourself from other service providers. Identify and highlight unique selling points that set you apart from the competition.

This could be specialized skills in areas like plumbing or electrical work, exceptional customer service, or competitive pricing .

Emphasize these unique selling points in your marketing materials and during customer interactions.

For instance, if you offer a 100% satisfaction guarantee or provide free estimates, make sure potential customers are aware of these benefits. By showcasing what makes your business special, you increase the likelihood of attracting new customers and retaining existing ones.

4. Build Strong Relationships

Networking and building strong relationships with local suppliers, contractors, or real estate agents can be invaluable for generating referrals and increasing brand visibility.

These individuals often have direct contact with homeowners who may require handyman services. Establishing mutually beneficial partnerships can lead to a steady stream of referrals.

Consider attending local networking events or joining industry-related associations to expand your professional network. Actively engage with other professionals in the field by offering assistance or collaborating on projects.

Building these relationships not only helps generate business but also enhances your reputation within the community.

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Funding Options and Equity Financing for Handymen

If you’re thinking of starting your own handyman business, one crucial aspect to consider is how to secure funding.

Without adequate capital, it can be challenging to get your business off the ground and cover initial expenses.

Explore Various Funding Options

There are several avenues you can explore:

• Bank Loans : Approach local banks or credit unions to inquire about small business loans. These loans typically require collateral or a solid credit history but can provide substantial funds for your venture.
• Small Business Grants : Research government grants or private organizations that offer grants specifically for small businesses in the service industry. These grants don’t need repayment and can significantly boost your startup capital.
• Crowdfunding Platforms : Consider leveraging crowdfunding platforms like Kickstarter or Indiegogo to raise funds from a large number of people who believe in your business concept. Create an engaging campaign highlighting the unique aspects of your handyman services.
• Angel Investors : Seek out angel investors who are willing to invest in promising startups. These individuals often have experience in the industry and may provide not only financial support but also guidance and mentorship.

Understand the Pros and Cons of Equity Financing

Equity financing involves selling shares or ownership stakes in your company in exchange for capital. Here’s a breakdown of its pros and cons compared to debt financing:

• Access to Larger Capital: Equity financing allows you to tap into significant amounts of capital that may not be available through traditional loans.
• Shared Risk: With equity financing, investors share the risk with you since they become partial owners of the business.
• Expertise and Connections: Investors often bring valuable expertise, industry connections, and strategic guidance along with their investment.
• Loss of Ownership Control: By selling equity, you dilute your ownership stake and may have to share decision-making authority with investors.
• Profit Sharing: Equity investors are entitled to a share of the company’s profits, which can impact your overall earnings.
• Longer Decision-Making Process: Involving equity investors in your business decisions may lead to more extended discussions and slower decision-making.

Prepare a Compelling Pitch Deck or Investment Proposal

When seeking equity financing opportunities, it’s crucial to prepare a compelling pitch deck or investment proposal. This document should clearly outline your business concept, market potential, financial projections, and how the investor’s funds will be utilized.

Consider including the following elements:

• Executive Summary: Provide a concise overview of your handyman business and its unique value proposition.
• Market Analysis: Demonstrate a thorough understanding of the market landscape and highlight the demand for handyman services.
• Financial Projections: Present realistic revenue forecasts, expense breakdowns, and return on investment projections.
• Competitive Advantage: Showcase what sets your business apart from competitors in terms of service quality, pricing, or customer experience.

Consider Partnerships with Established Companies

In addition to traditional funding options, consider forming partnerships with established companies in related industries. Partnering with companies that offer complementary services can provide access to additional resources or capital.

For example, collaborating with a home renovation company could help you expand your service offerings while leveraging their existing customer base.

You may choose the most effective way to finance your handyman business by researching several funding sources like bank loans, grants, crowdfunding sites, or angel investors. You can also weigh the advantages and disadvantages of debt vs equity financing.

When looking for equity funding opportunities, don’t forget to put together a strong pitch deck or investment proposal. For extra help, think about forming strategic alliances with well-established businesses in comparable areas.

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Key Takeaways

You have successfully finished writing a thorough handyman business plan. You have set yourself up for future success as a handyman business owner by following the detailed instructions and consulting the included sample plan. Recall that this plan is flexible and may be modified as your company expands and changes.

Now that you have your business plan in place, it’s time to take action. Start implementing the marketing and competitive strategies outlined in Section 5 to attract customers and stand out from the competition.

Utilize the financial projections and profit analysis from Section 4 to make informed decisions about pricing, expenses, and growth opportunities. And don’t forget to explore the funding options discussed in Section 6 if you need additional capital to fuel your expansion plans.

Hence, with a well-crafted handyman business plan at your disposal, you are equipped with the tools necessary for success. Take charge of your entrepreneurial journey today!

Frequently Asked Questions (FAQs)

How do i determine pricing for my handyman services.

Determining pricing for your handyman services requires careful consideration of factors such as market demand, competition, overhead costs, materials used, and labor involved. Conduct market research to understand what other handymen in your area are charging for similar services.

Calculate all costs associated with each job and factor in a reasonable profit margin. Consider offering different pricing packages or discounts for loyal customers or larger projects.

What licenses or permits do I need to start a handyman business?

The licenses and permits required may vary depending on your location. Generally, you will need a general contractor license or home improvement license to legally operate as a handyman.

Check with your local government offices or licensing agencies to determine specific requirements for your area. It’s crucial to comply with all legal obligations to protect yourself legally and gain the trust of potential clients.

How can I effectively market my handyman business?

To effectively market your handyman business, start by creating a professional website that showcases your services and contact information. Utilize online directories and review platforms to increase your online presence.

Build relationships with local real estate agents, property managers, and other professionals who may refer clients to you. Word-of-mouth marketing is powerful in this industry, so always strive for excellent customer service and ask satisfied customers for referrals.

Consider offering special promotions or discounts to attract new customers.

How can I ensure customer satisfaction as a handyman?

Customer satisfaction is crucial for the success of your handyman business. Communicate clearly with your clients from the initial inquiry through project completion. Be punctual, reliable, and transparent about pricing and timelines.

Provide high-quality workmanship and pay attention to detail. Follow up with customers after completing a job to ensure their satisfaction and address any concerns promptly. Going the extra mile will not only lead to happy customers but also positive reviews and referrals.

What are some effective ways to expand my handyman business?

Expanding your handyman business requires careful planning and strategic decision-making. Consider diversifying your services by offering additional specialties or partnering with other skilled professionals in related fields such as plumbing or electrical work.

Explore opportunities for growth in neighboring areas or target specific niches within the handyman industry. Invest in marketing efforts to increase brand awareness and reach a broader audience.

Consider hiring reliable employees or subcontractors to take on more projects while maintaining quality standards.

Remember, each business is unique, so it’s essential to assess opportunities based on your specific circumstances and goals.

Handyman Business Plan Template

Written by Dave Lavinsky

Handyman Business Plan

You’ve come to the right place to create your Handyman business plan.

We have helped over 1,000 entrepreneurs and business owners create business plans and many have used them to start or grow their Handyman businesses.

Below is a template to help you create each section of your Handyman business plan.

Executive Summary

Business overview.

Fix-It Pro Services is a startup company located in Augusta, Maine. The company is founded by Jimmy Larkin, who has experience in multiple areas of home repair and services Now, with the expertise of knowledge and business acumen, he has determined he can confidently start and effectively grow a successful Fix-It Pro Services company. Jimmy believes his experience of strategic growth, marketing skills, financial capabilities, and wide and deep knowledge of home repair and home service practices will provide everything needed for long-term growth and profitability.

Fix-It Pro Services will provide a comprehensive array of products and services for a wide variety of clients. Fix-It Pro Services will be a one-stop shop, providing for the specific needs of each client while supporting the strategic goals of the company. Fix-It Pro Services will be the ultimate choice in Augusta for clients to ensure that every need of the customers is fully and completely met.

Product Offering

The following are the services that Fix-It Pro Services will provide:

• General repairs and maintenance
• Plumbing and electrical work
• Carpentry and woodworking
• Painting and drywall repair
• Unique services in wallpapering and wall treatments
• Day to day software management system of all projects, guaranteeing on-time completion of projects

Customer Focus

Fix-It Pro Services will target all residents within the greater Augusta region. They will target owners of office buildings, apartment complexes, and commercial buildings, in addition. They will also target those individuals who have residential properties that are rentals and often need repair or painting to prepare for new renters who will occupy the homes. No matter the client, Fix-It Pro Services will deliver the best service and timely completion of projects.

Management Team

Fix-It Pro Services will be owned and operated by Jimmy Hawkins. He recruited his brother and former handyman assistant, Tommy Hawkins, to be his assistant manager of operations and help oversee the handyman projects overall.

Jimmy Hawkins is a professional handyman with over twenty years of experience in residential and commercial properties. Whether repair or maintenance work is required, Jimmy has the expertise and capability to fix or replace items and building components with professionalism and excellent references from former clients.

Tommy Hawkins has served as the assistant to Jimmy Hawkins in his former position and has been in that position for ten years. He graduated from Augusta Community College with an Associates Degree in Electrical Repair. Tommy has concentrated on electrical repair services since his graduation and has completed over one hundred repair contracts for residential and commercial clients during the past ten years. He will take on the role of assistant manager of operations in the new company.

Success Factors

Fix-It Pro Services will be able to achieve success by offering the following competitive advantages:

• Friendly, knowledgeable, and highly-qualified team of Fix-It Pro Services
• Comprehensive menu of services and a full slate of capabilities within the professional handyman arena. Such services include:
• HVAC maintenance
• Appliance installation and repair
• On occasion, landscaping and outdoor maintenance service are offered
• Unique wallpaper and wall treatment services are provided upon request
• Fix-It Pro Services offers the best pricing in town. Their pricing structure is the most cost effective compared to the competition.

Financial Highlights

Fix-It Pro Services is seeking $200,000 in debt financing to launch its professional handyman company. The funding will be dedicated toward securing the office space and purchasing office equipment and supplies. Funding will also be dedicated toward three months of overhead costs to include payroll of the staff, rent, and marketing costs for the print ads and marketing costs. The breakout of the funding is below:

• Office space build-out: $20,000
• Office equipment, supplies, and materials: $10,000
• Three months of overhead expenses (payroll, rent, utilities): $150,000
• Marketing costs: $10,000
• Working capital: $10,000

The following graph outlines the financial projections for Fix-It Pro Services.

Company Overview

Who is fix-it pro services.

Fix-It Pro Services is a newly established, full-service professional handyman company in Augusta, Maine. Fix-It Pro Services will be the most reliable, cost-effective, and efficient choice for residential and commercial clients in Augusta and the surrounding communities. Fix-It Pro Services will provide a comprehensive menu of products and services for any client to utilize. Their full-service approach includes a comprehensive wallpaper and wall treatment special application and repair service.

  Fix-It Pro Services will be able to quickly and efficiently provide services for all clients. The team of professionals are highly qualified and experienced in handyman projects and maintenance. Fix-It Pro Services removes all headaches and issues of property maintenance and repair and ensures all issues are taken care of expeditiously while delivering the best customer service.

Fix-It Pro Services History

Fix-It Pro Services is owned and operated by Jimmy Hawkins, a former handyman who worked for a national handyman company as a manager of residential and commercial services for fifteen years. Jimmy built a large portfolio of properties that were entrusted to his care by clients who experienced Jimmy’s very high degree of professionalism and valuable repair and overall property services. Jimmy has requested that his brother, Tommy, join him in the company, creating a professional duo with over twenty years of experience behind them and a full portfolio of customers waiting to join them in their new company.

Since incorporation, Fix-It Pro Services has achieved the following milestones:

• Registered Fix-It Pro Services, LLC to transact business in the state of Maine.
• Has a contract in place for a 10,000 square foot office at one of the midtown buildings
• Reached out to numerous contacts to include Fix-It Pro Services.
• Began recruiting a staff of two and office personnel to work at Fix-It Pro Services.

Fix-It Pro Services

The following will be the services Fix-It Pro Services will provide:

Industry Analysis

The handyman industry is expected to grow over the next five years to over $315 billion. The growth will be driven by an increase in homeownership as the population grows. In addition, the handyman industry will grow as commercial properties are utilized for expanding technology and commercial concerns. Costs will likely be reduced as repairs or replacement of items will be conducted via software management applications and technology not yet utilized. The costs will also be reduced by an increase in self-employed repair services as individuals move into positions that offer work-life balance.

Customer Analysis

Demographic profile of target market.

The precise demographics for Fix-It Pro Services are:

Customer Segmentation

Fix-It Pro Services will primarily target the following customer profiles:

• Residents within the greater Augusta region
• Owners and managers of commercial buildings
• Owners of apartment buildings
• Owners of residential properties

Competitive Analysis

Direct and indirect competitors.

Fix-It Pro Services will face competition from other companies with similar business profiles. A description of each competitor company is below.

Handyman-in-a-Hurry

Handyman-in-a-Hurry is a national chain of handyman franchises with franchisees who own and operate businesses within various geographic locations. The franchisee, Taylor Tomkin, operates the Augusta location business; however, the national franchisor company oversees the products used, repair services offered, and marketing and brand messaging. Taylor Tomkin started the company in 1998 and has continued in the franchisor/franchisee relationship during the past several years. The company has a solid following of clients who trust Taylor and Handyman-in-a-Hurry, in part due to the national franchise connection and national, on-going marketing efforts.

Handyman-in-a-Hurry does not repair or maintain outdoor landscaping or irrigation, nor does Handyman-in-a-Hurry offer services for wallpapering or wall treatments. The roster of services includes general repair and electrical services, as needed.

The Service Station

Pinky and Charlie Staton started The Service Station ten years ago while the housing industry was booming in the Augusta region. Their company grew quickly as they serviced new residential homes with moving in services, electrical hookups, and set-up of appliances. As the housing industry slowed during recent years, The Service Station has focused more on general repairs and residential painting.

Pinky and Charlie Staton were experienced handyman service providers prior to opening their company. Together, they managed a large residential complex for a nationally-known celebrity homeowner. The multiple-acreage property with several residences and outbuildings required constant repairs and upkeep. Exterior landscaping and maintenance included the twenty-acre complex and, as a result, Pinky and Charlie brought a high level of expertise to the handyman industry.

The Service Station is housed in a former gas station, which lends itself to the name of the company and the owners offer the unique advantage of attracting current and new customers by serving coffee and snacks in one of the converted repair bays of the station on a weekly basis. Homeowner courses in repair and maintenance are offered by Pinky and Charlie at each gathering.

Handyman Haven

Handyman Haven was started in Augusta, Maine in 2018 by Darren Woods. Darren, a former property manager for a large Augusta company, oversees the maintenance and repair of residential home rental properties in the region. Services include move-in/move-out cleaning, painting, wall repairs, electrical installation and other general repair or improvement services for rental properties.

Handyman Haven has produced a business strategy that operates with yearly contracts between rental owners and Handyman Haven. The strategy provides for monthly payments irrespective of general repairs needed and effectively spreads the cost of the residential upkeep over twelve months during each contracted period. Yearly contracts are updated each January and are reflective of the age and condition of each residence. Rental owners may contact Handyman Haven as needed for repairs, painting or other services without incurring additional costs.

Competitive Advantage

Fix-It Pro Services will be able to offer the following advantages over their competition:

Marketing Plan

Brand & value proposition.

Fix-It Pro Services will offer the unique value proposition to its clientele:

• Highly-skilled management with extensive handyman expertise.
• Software management that tracks and schedules appointments, offering customers the ease of online appointments and cancellations, as well as up-to-the-minute tracking of repair and service personnel.
• Unbeatable pricing to their clients; they will offer the lowest pricing in the city.

Promotions Strategy

The promotions strategy for Fix-It Pro Services is as follows:

Word of Mouth/Referrals

Fix-It Pro Services has built up an extensive list of contacts over the years by providing exceptional service and expertise to their clients. The contacts and clients will follow them to their new company and help spread the word of Fix-It Pro Services.

Professional Associations and Networking

Jimmy Hawkins will build on existing client relationships to create new opportunities within associations and trade groups of the handyman industry. He will enter into leadership roles in these groups and encourage new business from these relationships.

Print Advertising

Fix-It Pro Services will offer via a direct mail piece a “first month” discount for all new clients. The piece will be mailed two weeks before the opening of the company and will cover the entire Augusta region. In addition, clients who choose to sign contracts for extended coverage of services (12-18 months), will receive a sizable discount on services if they choose the coverage within the first two months of the company opening.

Website/SEO Marketing

Fix-It Pro Services will fully utilize their website. The website will be well organized, informative, and list all the services that Fix-It Pro Services provides. The website will also list their contact information and highlight their unique wallpapering and wall treatment services . The website will engage in SEO marketing tactics so that anytime someone types in the Google or Bing search engine “handyman company” or “handyman near me,” Fix-It Pro Services will be listed at the top of the search results.

The pricing of Fix-It Pro Services will be moderate and on par with competitors so customers feel they receive excellent value when purchasing their services.

Operations Plan

The following will be the operations plan for Fix-It Pro Services. Operation Functions:

• Jimmy Hawkins will be the owner and president of the company. He will oversee all staff and manage client relations. Jimmy has spent the past year recruiting the following staff:
• Tommy Hawkins has served as the assistant to Jimmy Hawkins in his former position for ten years. He graduated from Augusta Community College with an Associates Degree in Electrical Repair. He will take on the role of assistant manager of operations in the new company.
• Sue Rodgers will take on the role of Marketing Manager and will provide all marketing for Fix-It Pro Services.

Milestones:

Fix-It Pro Services will have the following milestones completed in the next six months.

• 5/1/202X – Finalize contract to lease office space
• 5/15/202X – Finalize personnel and staff employment contracts for the Fix-It Pro Services
• 6/1/202X – Finalize contracts for Fix-It Pro Services clients
• 6/15/202X – Begin networking at industry events
• 6/22/202X – Begin moving into Fix-It Pro Services office
• 7/1/202X – Fix-It Pro Services opens its doors for business

Tommy Hawkins has served as the assistant to Jimmy Hawkins in his former position and has been in that position for ten years. He graduated from Augusta Community College with an Associates Degree in Electrical Repair. Tommy has concentrated on electrical repair services since his graduation and has completed over five thousand repair contracts for residential and commercial clients during the past ten years. He will take on the role of assistant manager of operations in the new company.

Financial Plan

Key revenue & costs.

The revenue drivers for Fix-It Pro Services are the fees they will charge to customers for their services and products.

The cost drivers will be the overhead costs required in order to staff Fix-It Pro Services. The expenses will be the payroll cost, rent, utilities, office supplies, and marketing materials.

Funding Requirements and Use of Funds

Key assumptions.

The following outlines the key assumptions required in order to achieve the revenue and cost numbers in the financials and in order to pay off the startup business loan.

• Number of Customers Per Month: 80
• Average Revenue per Month: $26,000
• Office Lease per Year: $100,000

Financial Projections

Income statement.

Balance Sheet

Cash Flow Statement

Handyman Business Plan FAQs

What is a handyman business plan.

A handyman business plan is a plan to start and/or grow your handyman business. Among other things, it outlines your business concept, identifies your target customers, presents your marketing plan and details your financial projections. You can easily complete your Handyman business plan using our Handyman Business Plan Template here .

What are the Main Types of Handyman Businesses?

There are a number of different kinds of handyman businesses, some examples include: Plumbing Handyman Business, Drywall Installation Business, Fixture Replacement Business, Painting Business, and Tiling Business.

How Do You Get Funding for Your Handyman Business Plan?

Handyman businesses are often funded through small business loans. Personal savings, credit card financing and angel investors are also popular forms of funding.

What are the Steps To Start a Handyman Business?

Starting a handyman business can be an exciting endeavor. Having a clear roadmap of the steps to start a business will help you stay focused on your goals and get started faster. 1. Develop A Handyman Business Plan - The first step in starting a business is to create a detailed handyman business plan that outlines all aspects of the venture. This should include potential market size and target customers, the services or products you will offer, pricing strategies and a detailed financial forecast. 2. Choose Your Legal Structure - It's important to select an appropriate legal entity for your handyman business. This could be a limited liability company (LLC), corporation, partnership, or sole proprietorship. Each type has its own benefits and drawbacks so it’s important to do research and choose wisely so that your handyman business is in compliance with local laws. 3. Register Your Handyman Business - Once you have chosen a legal structure, the next step is to register your handyman business with the government or state where you’re operating from. This includes obtaining licenses and permits as required by federal, state, and local laws. 4. Identify Financing Options - It’s likely that you’ll need some capital to start your handyman business, so take some time to identify what financing options are available such as bank loans, investor funding, grants, or crowdfunding platforms. 5. Choose a Location - Whether you plan on operating out of a physical location or not, you should always have an idea of where you’ll be based should it become necessary in the future as well as what kind of space would be suitable for your operations. 6. Hire Employees - There are several ways to find qualified employees including job boards like LinkedIn or Indeed as well as hiring agencies if needed – depending on what type of employees you need it might also be more effective to reach out directly through networking events. 7. Acquire Necessary Handyman Equipment & Supplies - In order to start your handyman business, you'll need to purchase all of the necessary equipment and supplies to run a successful operation. 8. Market & Promote Your Business - Once you have all the necessary pieces in place, it’s time to start promoting and marketing your handyman business. This includes creating a website, utilizing social media platforms like Facebook or Twitter, and having an effective Search Engine Optimization (SEO) strategy. You should also consider traditional marketing techniques such as radio or print advertising.

Learn more about how to start a successful handyman business: How to Start a Handyman Company

Handyman Business Plan Template [Updated 2024]

Handyman Business Plan Template

If you want to start a handyman business or expand your current handyman company, you need a business plan.

Fortunately, you’re in the right place. Our team has helped develop over 100,000 business plans over the past 20 years, including thousands of handyman business plans.

The following handyman business plan template and example gives you the key elements you must include in your plan.

You can download our Handyman Business Plan Template (including a full, customizable financial model) to your computer here.  

Example Business Plan For Handyman Businesses

I. executive summary, business overview.

[Company Name] is a new handyman business located in [location]. The company will offer a variety of residential handyman services, including plumbing, drywall service, carpentry, and door and window repair. [Company Name] strives to be the best handyman service in the area, focusing on customer service and maintaining long-term relationships. We will market ourselves as friendly neighborhood handymen who can help residents with all their home repairs and concerns.

[Company Name] will provide local residents and homeowners with a variety of services to help keep their homes in perfect condition. Some of these services include:

• Door and window repair
• Floor repair
• Drywall installation and repair

Customer Focus

[Company Name] will primarily serve the residents and homeowners of [location] and the surrounding area. The demographics of these customers are as follows:

• 65,023 residents
• 42% married
• 35% with children under 18
• 55% homeowners
• Median age of 39

These demographics serve our company well. With such a large population of homeowners, many residents will need a local handyman to keep their homes in perfect condition. Many residents own homes that are decades old and need frequent upkeep and repairs. [Company Name] can provide homeowners with whatever services they need.

Management Team

[Company Name] is led by [Founder’s Name], who has been a handyman for [X] years. Throughout this time, he has worked on a variety of installation and repair services while employed by local handyman businesses. He initially worked for local competitors but branched out on his own a few years ago. After being self-employed for a few years, [Founder’s Name] is ready to officially incorporate his business and hire several other handymen who can help expand the business and clientele.

[Founder’s Name] has worked in the industry long enough to gain an in-depth knowledge of the business, including the operations side (e.g., running day-to-day operations) and the business management side (e.g., staffing, marketing, etc.). He also already has a starting customer base to provide revenue for the company.

Success Factors

[Company Name] is uniquely qualified to succeed due to the following reasons:

• The company will be providing a valuable service for homeowners who are in need of a variety of handyman services.
• [Founder’s Name] has a track record of success in the handyman industry and already has a loyal client base.
• [Company Name] will provide high-quality installation and repair services for a moderate price.

Financial Highlights

[Company Name] is currently seeking $470,000 to launch. Specifically, these funds will be used as follows:

• Store design/build: $150,000
• Vehicle purchase and maintenance: $50,000
• Equipment and initial supplies: $150,000
• Working capital: $120,000 to pay for marketing, salaries, and lease costs until [Company Name] reaches break-even

Top line projections over the next five years are as follows:

II. Company Overview

You can download our Business Plan Template (including a full, customizable financial model) to your computer here.

Who is [Company Name]?

[Company Name] is a new handyman business located in [location] and will serve residents and homeowners in the city and surrounding area. We will offer a variety of residential handyman services, including plumbing, drywall service, carpentry, and door and window repair. [Company Name] strives to be the best handyman service in the area that residents can trust for all of their home projects. We will market ourselves as friendly neighborhood handymen who can help residents will all their home repairs and concerns.

[Company Name] is led by [Founder’s Name], who has been a handyman for [x] years. He started off his career by working for a variety of local handyman services businesses before branching off on his own as a self-employed contractor. Now with years of experience under his belt and a loyal client base, [Founder’s Name] is ready to turn his side hustle into a thriving business that employs several handymen.

[Company Name]’s History

[Founder’s Name] recently began researching what it would take to incorporate his business and expand his client base. He has analyzed the costs, market, demographics, and local competition. [Founder’s Name] has compiled enough information to develop his business plan in order to approach investors.

Once his research was complete, [Founder’s Name] incorporated [Company Name] on [date of incorporation] as an S-Corporation. The business is currently being run out of [Founder’s Name]’s home, but once the lease on [Company Name]’s office location is finalized, all operations will be run from there. He currently uses his personal vehicle to drive to clients’ homes but will purchase a van that will be used specifically for the business.

Since incorporation, the company has achieved the following milestones:

• Found a commercial space and signed a Letter of Intent to lease it.
• Developed the company’s name, logo, and website located at [website].
• Planned the suite of services to be offered.
• Determined equipment, supplies, and materials needed.
• Begun recruiting key employees and experienced handymen.

[Company Name]’s Products/Services

[Company Name] will provide local residents and homeowners with a variety of services to help keep their homes in perfect condition. These services will include a variety of repair and installation options. Some of these services include:

Handymen will charge an hourly fee that will depend on the service and additional fees for any supplies needed and additional requests.

III. Industry Analysis

No building will ever be completely perfect or without the need for some fixing up and repairs. Therefore, handymen will always be an essential service to businesses and homeowners alike. Homeowners especially will always need help with installation and repair services that handymen provide, as they are often not skilled in the work required to maintain their homes.

Furthermore, society in general is becoming less skilled in basic repair and maintenance skills and is looking to skilled professionals to help keep their homes in good repair. The handyman service market is expected to grow at a compound annual growth rate of 17.2% over the next five years. This is enormous growth for any industry and shows just how in-demand handyman services are. Therefore, there has never been a better time to incorporate a handyman business.

IV. Customer Analysis

Demographic profile of target market.

[Company Name] will serve the community residents of [company location] and its surrounding areas.

The area we service is suburban, with 55% owning homes. This means a sizable portion of the local population will require our services at some point.

Customer Segmentation

[Company Name] will primarily target the following three customer segments:

• Homeowners : We will primarily market our services to new and veteran homeowners who need a friendly and convenient handyman to help them with all their home repairs. [Company Name] will market itself as a convenient option that can provide multiple services, so they don’t need to call multiple companies for help.
• Residents 55 and older : Residents who are near their golden years usually don’t have the time, energy, or ability to keep their house in good repair. When they want to make an update on their house or find themselves facing a huge repair, they look to experienced handymen who are on-call and provide friendly and quick service. We will market our outstanding customer service to show that we are the best business for all their repair needs.
• House flippers : With the housing market booming, more and more house flippers are taking advantage of it to turn a profit. They need reliable handymen who can help them with a variety of projects. Our handymen will have experience in multiple trades so that house flippers don’t need to call several businesses for help.

V. Competitive Analysis

Direct & indirect competitors.

The following handyman companies operate within a 10-mile radius of [Company Name], thus providing either direct or indirect competition:

Mountainside Handy Services Established in 1979, Mountainside Handy Services has been a popular local chain offering a variety of handyman services for local businesses and industries. They help offices and other establishments with on-call repairs and general remodeling and installation. Many businesses have sworn by Mountainside’s services, and the company’s reputation has skyrocketed simply through word-of-mouth marketing.

Though Mountainside Handy Services will continue to thrive, the company primarily works with local businesses and, therefore, will be a minor competitor for [Company Name].

John’s Installation And Repair Inc John’s Installation and Repair Inc has been a profitable small handyman business for over a decade. This small business helps with a variety of residential repair services, including plumbing, electrical, and carpentry. John’s small team has gained a great reputation for their friendly customer service and quick repairs.

Though John’s Installation and Repair Inc has gained a positive reputation, its scope of work remains small, even after a decade. They can only help with small projects and generally don’t sign up for larger-scale services. As [Company Name] grows, we will take on larger and larger projects and aim to be the only handyman that any homeowner needs.

Carpentry And More LLC Established in 2005, Carpentry And More LLC set out to be the best local business for all carpentry-related needs. Customers can expect high-quality carpentry work paired with excellent customer service. Carpentry and More’s most popular services include deck and fence installation, remodeling, and door replacement.

Though Carpentry And More offers a variety of services, they primarily focus on and make revenue from their carpentry services. Therefore, they are a minor competitor when it comes to other services such as plumbing, painting, and general repairs.

Competitive Advantage

[Company Name] enjoys several advantages over its competitors. Those advantages include:

• Customer-Focus : [Company Name] contractors provide the highest quality customer service focused on transparency, communication, and responsiveness throughout the process, from the initial inquiry to the follow-up once the project is completed.
• Management : [Founder’s Name] has been extremely successful working in the handyman industry and will be able to use his previous experience to help clients with whatever they need. His unique qualifications will serve customers in a much more sophisticated manner than many of [Company Name]’s competitors.
• Relationships : Having lived and worked in the community for decades, [Founder’s Name] knows many of the local residents and has already established a loyal clientele from his years as a solo contractor. These relationships will provide the company’s initial clientele and help our business through word-of-mouth marketing.

VI. Marketing Plan

You can download our Business Plan Template (including a full, customizable financial model) to your computer here. [Company Name] seeks to position itself as a high-quality, friendly, and convenient handyman business. Clients can expect to receive the best handyman services from skilled contractors and professionals in [location] using the highest quality materials and tools.

The [Company Name] Brand

The [Company Name] brand will focus on the company’s unique value proposition:

• Client-focused installation and repair services, where the company’s interests are aligned with the customer.
• Service is built on long-term relationships and personal attention.
• Professional industrial experience in a small business setting.

Promotions Strategy

[Company Name] expects its target market to be individuals within a 10-mile radius of its location. [Company Name]’s promotion strategy to reach these potential customers includes:

Referrals [Company Name] understands that the best promotion comes from satisfied customers. The company will encourage its clients to refer other individuals by providing discounts on future services for every new client produced. This strategy will increase in effectiveness over time.

Website/SEO [Company Name] will invest in developing a professional website that displays all of the services offered by the company. It will also invest in SEO so that the company’s website will appear at the top of search engine results.

Social Media [Company Name] will create the company’s social media accounts and invest in ads on all social media platforms. It will use targeted marketing to appeal to the target demographic.

Publications [Company Name] will advertise its services in key local publications, including newspapers and area magazines. Additionally, the company will print brochures and place them in specific locations frequented by target individuals.

Direct Mail [Company Name] will blanket neighborhoods in the area with direct mail pieces. These pieces will provide general information on [Company Name], its services, and promotional discounts.

Billboards [Company Name] will secure a billboard in the area that captures the attention of residents. The billboard will draw attention to the new business and its service offerings.

Pricing Strategy

[Company Name]’s pricing will be estimated on a project basis drawing on [Founder’s Name]’s deep expertise in various installation and repair services. The pricing will be determined by the materials needed and the amount of labor required to finish the job. Pricing will be moderate and less expensive than our competitors, but more expensive than lower-quality, efficiency-driven handyman and repair businesses.  

VII. Operations Plan

Functional roles.

[Company Name] will need to fulfill the following functional roles to execute its business plan and ensure the company’s success:

Service Functions

• Installation services
• Repair services
• Customer service
• Scheduling of repairs and services
• Quoting and invoice creation
• Tool maintenance and upkeep
• Purchasing of materials and tools

Administrative Functions

• Social media management
• Website management
• Bookkeeping
• Hiring and training staff
• Maintenance functions
• Other general administrative functions

VIII. Management Team

Management team members.

[Company Name] is led by [Founder’s Name], who has been a handyman for [X] years. Throughout this time, he has worked on a variety of installation and repair services, both while employed by local handyman businesses, and while operating alone. After being self-employed for a few years, [Founder’s Name] is ready to officially incorporate his business and hire several other handymen who can help expand the business.

[Founder’s Name]’s has worked in the industry long enough to gain an in-depth knowledge of the business, including the operations side (e.g., running day-to-day operations) and the business management side (e.g., staffing, marketing, etc.). However, [Founder’s Name] will hire assistant managers to help run the company and adequately train and manage staff. He will also hire administrative staff to help with operations, marketing, bookkeeping, and other administrative functions.

Hiring Plan

[Founder’s Name] will serve as the Owner and Manager of [Company Name]. In order to launch, he needs to hire the following personnel:

• Assistant Managers (1 to start)
• Administrative Staff (1 to start)
• Handymen (2 to start)

IX. Financial Plan

Revenue and cost drivers.

[Company Name]’s revenue will primarily come from providing installation and repair services to local homeowners. Pricing will be determined by the services required, materials and tools needed, and scope of the project.

The main cost drivers for [Company Name] will be labor expenses, marketing, and lease for the office space.

Capital Requirements and Use of Funds

[Company Name] is currently seeking $470,000 to launch. The funds will be used for capital expenditures, office build-out, hiring initial employees, marketing expenses, and working capital.

Specifically, these funds will be used as follows:

Key Assumptions

  5 Year Annual Income Statement

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Handyman Business Plan Template & Guidebook

Owning your own handyman business gives you the freedom to control your schedule and make a livable wage while doing what you love. But it takes more than just having the right skills and tools to make it successful; you need to have a plan. The #1 Handyman Business Plan Template & Guidebook can provide the guidance and resources you need to get your handyman business off the ground and running smoothly. With its comprehensive template, helpful guidebook, and easy-to-follow steps, this invaluable tool is an essential resource for any budding entrepreneur looking to start a handyman business.

Get worry-free services and support to launch your business starting at $0 plus state fees.

• How to Start a Profitable Handyman Business [11 Steps]
• 10+ Best & Profitable Handyman Business Ideas [2023]
• 25 Catchy Handyman Business Names:
• List of the Best Marketing Ideas For Your Handyman Service:

How to Write a Handyman Business Plan in 7 Steps:

1. describe the purpose of your handyman business..

The first step to writing your business plan is to describe the purpose of your handyman business. This includes describing why you are starting this type of business, and what problems it will solve for customers. This is a quick way to get your mind thinking about the customers’ problems. It also helps you identify what makes your business different from others in its industry.

It also helps to include a vision statement so that readers can understand what type of company you want to build.

Here is an example of a purpose mission statement for a handyman business:

Our mission at [Handyman Business Name] is to provide high-quality, convenient and affordable handyman services to our customers so they can enjoy the peace of mind that comes from knowing their home repairs and improvements are in good hands. We strive to achieve this by delivering professional, reliable, timely and friendly service that meets or exceeds expectations.

2. Products & Services Offered by Your Handyman Business.

The next step is to outline your products and services for your handyman business. 

When you think about the products and services that you offer, it's helpful to ask yourself the following questions:

• What is my business?
• What are the products and/or services that I offer?
• Why am I offering these particular products and/or services?
• How do I differentiate myself from competitors with similar offerings?
• How will I market my products and services?

You may want to do a comparison of your business plan against those of other competitors in the area, or even with online reviews. This way, you can find out what people like about them and what they don’t like, so that you can either improve upon their offerings or avoid doing so altogether.

3. Build a Creative Marketing Stratgey.

If you don't have a marketing plan for your handyman business, it's time to write one. Your marketing plan should be part of your business plan and be a roadmap to your goals. 

A good marketing plan for your handyman business includes the following elements:

Target market

• Who is your target market?
• What do these customers have in common?
• How many of them are there?
• How can you best reach them with your message or product?

Customer base 

• Who are your current customers? 
• Where did they come from (i.e., referrals)?
• How can their experience with your handyman business help make them repeat customers, consumers, visitors, subscribers, or advocates for other people in their network or industry who might also benefit from using this service, product, or brand?

Product or service description

• How does it work, what features does it have, and what are its benefits?
• Can anyone use this product or service regardless of age or gender?
• Can anyone visually see themselves using this product or service?
• How will they feel when they do so? If so, how long will the feeling last after purchasing (or trying) the product/service for the first time?

Competitive analysis

• Which companies are competing with yours today (and why)? 
• Which ones may enter into competition with yours tomorrow if they find out about it now through word-of-mouth advertising; social media networks; friends' recommendations; etc.)
• What specific advantages does each competitor offer over yours currently?

Marketing channels

• Which marketing channel do you intend to leverage to attract new customers?
• What is your estimated marketing budget needed?
• What is the projected cost to acquire a new customer?
• How many of your customers do you instead will return?

Form an LLC in your state!

4. Write Your Operational Plan.

Next, you'll need to build your operational plan. This section describes the type of business you'll be running, and includes the steps involved in your operations. 

In it, you should list:

• The equipment and facilities needed
• Who will be involved in the business (employees, contractors)
• Financial requirements for each step
• Milestones & KPIs
• Location of your business
• Zoning & permits required for the business

What equipment, supplies, or permits are needed to run a handyman business?

• Tools such as hammers, screwdrivers, wrenches, saws, drills, and ladders
• Protective eyewear and gloves
• Shop vac or wet/dry vacuum cleaner
• Safety signs and barricades
• General liability insurance
• Affidavits of completion
• Business licenses

5. Management & Organization of Your Handyman Business.

The second part of your handyman business plan is to develop a management and organization section.

This section will cover all of the following:

• How many employees you need in order to run your handyman business. This should include the roles they will play (for example, one person may be responsible for managing administrative duties while another might be in charge of customer service).
• The structure of your management team. The higher-ups like yourself should be able to delegate tasks through lower-level managers who are directly responsible for their given department (inventory and sales, etc.).
• How you’re going to make sure that everyone on board is doing their job well. You’ll want check-ins with employees regularly so they have time to ask questions or voice concerns if needed; this also gives you time to offer support where necessary while staying informed on how things are going within individual departments too!

6. Handyman Business Startup Expenses & Captial Needed.

This section should be broken down by month and year. If you are still in the planning stage of your business, it may be helpful to estimate how much money will be needed each month until you reach profitability.

Typically, expenses for your business can be broken into a few basic categories:

Startup Costs

Startup costs are typically the first expenses you will incur when beginning an enterprise. These include legal fees, accounting expenses, and other costs associated with getting your business off the ground. The amount of money needed to start a handyman business varies based on many different variables, but below are a few different types of startup costs for a handyman business.

Running & Operating Costs

Running costs refer to ongoing expenses related directly with operating your business over time like electricity bills or salaries paid out each month. These types of expenses will vary greatly depending on multiple variables such as location, team size, utility costs, etc.

Marketing & Sales Expenses

You should include any costs associated with marketing and sales, such as advertising and promotions, website design or maintenance. Also, consider any additional expenses that may be incurred if you decide to launch a new product or service line. For example, if your handyman business has an existing website that needs an upgrade in order to sell more products or services, then this should be listed here.

7. Financial Plan & Projections

A financial plan is an important part of any business plan, as it outlines how the business will generate revenue and profit, and how it will use that profit to grow and sustain itself. To devise a financial plan for your handyman business, you will need to consider a number of factors, including your start-up costs, operating costs, projected revenue, and expenses. 

Here are some steps you can follow to devise a financial plan for your handyman business plan:

• Determine your start-up costs: This will include the cost of purchasing or leasing the space where you will operate your business, as well as the cost of buying or leasing any equipment or supplies that you need to start the business.
• Estimate your operating costs: Operating costs will include utilities, such as electricity, gas, and water, as well as labor costs for employees, if any, and the cost of purchasing any materials or supplies that you will need to run your business.
• Project your revenue: To project your revenue, you will need to consider the number of customers you expect to have and the average amount they will spend on each visit. You can use this information to estimate how much money you will make from selling your products or services.
• Estimate your expenses: In addition to your operating costs, you will need to consider other expenses, such as insurance, marketing, and maintenance. You will also need to set aside money for taxes and other fees.
• Create a budget: Once you have estimated your start-up costs, operating costs, revenue, and expenses, you can use this information to create a budget for your business. This will help you to see how much money you will need to start the business, and how much profit you can expect to make.
• Develop a plan for using your profit: Finally, you will need to decide how you will use your profit to grow and sustain your business. This might include investing in new equipment, expanding the business, or saving for a rainy day.

Frequently Asked Questions About Handyman Business Plans:

Why do you need a business plan for a handyman business.

A business plan for a handyman business is important for setting clear objectives and developing strategies to reach those objectives. It serves as a roadmap for goal achievement, identifies areas of opportunity and risk, and lays out the structure and resources that are needed to succeed. Additionally, it can be used to attract potential investors or lenders and provides an essential framework for measuring progress.

Who should you ask for help with your handyman business plan?

It is recommended to consult with a business coach or mentor who specializes in small business planning. A financial planner or accountant may also be able to offer assistance, as well as an attorney if legal advice is needed. Your local Small Business Administration (SBA) office may also have resources and information to help you create a solid business plan for your handyman business.

Can you write a handyman business plan yourself?

Yes, it is possible to write a handyman business plan yourself. You will need to do some research into the local market, create a financial model, and determine what services you will offer. Additionally, you should also consider creating a marketing plan, as well as outlining your target market and potential competitors. Ultimately, it is important to be detailed and thorough in order to create an effective plan.

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Through meticulous research and firsthand experience, I uncover the essential steps, software, tools, and costs associated with launching and maintaining a successful business. By demystifying the complexities of entrepreneurship, I provide the guidance and support needed for others to embark on their journey with confidence.

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Handyman Business Plan Template

•   Handyman Business Plan Template (Microsoft Word)  –  $47.00
•   +Add Excel Worksheet (Recommended)  –  $35.00
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How to get funding for your Handyman business!

“Here’s the ‘Perfect Solution’ to getting your Handyman business funded quickly…even if you don’t have a clue on how to write a business plan and don’t have the budget to pay a professional to do it!”

If you want to get your Handyman business organized and funded then here’s the perfect solution:

Did you know that a well-written and researched business plan is the key to getting funding for your Handyman business?

But most entrepreneurs neglect this aspect of their startup.

That’s usually because they are not knowledgeable enough to write a business plan on their own.

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But if you’ve ever wanted to start a Handyman business and you need to write a business plan to get funding then our Hybrid Fusion Business Plan Template is for you .

Our Hybrid Business Plan Template is not just high quality, in-depth and researched, but also a business plan that has examples for you to insert your own market and business specifics into.

A Handyman business is a great business for those interested in entrepreneurship.

A Handyman business offers a great opportunity to start a versatile and in-demand service. Many people need help with small repairs and maintenance tasks around their homes, making the demand for handyman services consistently high. With a handyman business, you can offer a variety of services, from fixing leaky faucets to installing shelves, catering to a wide range of needs. Starting a handyman business requires minimal startup costs, making it accessible to entrepreneurs with limited capital. As more homeowners prioritize convenience and time-saving solutions, the demand for reliable and efficient handyman services continues to grow. Lastly, by providing quality work and excellent customer service, you can build a strong reputation and secure repeat business and referrals.

And with our business plan template, you’ll be able to seek funding from investors and be up and running in no time.

With modifications (Like the name of your company and owner’s bio, market, financials, company images and location specifics) you can customize this business plan for your exact needs.

Here’s why a free business plan template can risk your chances of funding:

Lenders and investors see thousands of business plans and they know when you’re using a generic free template because the “Wording is just not right.”

You can have the best idea for your venture and pitch it to them perfectly, however when you leave and they review your plan what will it really say about you?

And free isn’t really free if it costs you your funding .

Why leave the future of your business to chance?

Our business plan templates are written for your specific market and references are included.

Start your business off the right way with our comprehensive Hybrid business plan template.

As part of this package, you will receive our Handyman business plan template, which contains the following sections:

• Executive summary
• The enterprise
• The business concept and need
• Industry/market overview.
• Growth strategy and implementation summary
• Management plan
• Risk factor
• Use of proceeds

Click here to view sample pages of this exact plan.

Depending on which version of the business plan options you purchase (more on that in a moment), you’ll receive the following:

31 page Handyman business plan template with references.

• This Handyman business plan template will be delivered via digital download in fully editable Microsoft Word and includes a Handyman business pre-written example text, general industry research, references, and narrative already completed for you.
• Red instructional text above each section is included to let you know what to insert in that section. In some areas, you can just add your information, in others you will need to use the example text as a basis to write your own business specifics such as what sets you apart, your local market, your business team, etc.

Click here for screenshots of the plan you will be receiving.

Handyman Financial Template in Microsoft Excel (recommended )

This Excel template will allow you to enter financial data specific to your business and will produce proforma financial statements for use in your business plan. The worksheets (Set-up, Start-up, Sales, Headcount, Inventory, Operating Expenses, Capital Budget, Equity & Debt, and Amortization Schedule) contain instructions, questions for you to answer, and boxes (cells) for data entry. Cells in which you are to answer questions or enter data are yellow. Purple cells contain formulas that will be calculated automatically.

Click here for screenshots of these documents.

Business Funding Package with PowerPoint and 4 eBooks

(A must-have if actively seeking investment). Includes a business Microsoft PowerPoint slideshow template “Pitch Deck” to show lenders and investors your concept at a glance. It includes 12 slides with instructional text for you to insert your specific business images and information into.

This funding package also includes the Funding eBook bundle to educate you on your funding options and how to best present your business concept. These 4 eBooks guide you through individual interventions, second-party arrangements, corporate funding options, government interventions, managing business cash flow, quick start funding overview, exit strategy, common mistakes to avoid when pitching your concept, and much more.

Business Startup, Finance and Marketing Templates to show investors that your business is prepared to launch

Business Assessment Documents. Vital documents to make sure you are prepared for your venture. Includes: Business Plan Guidelines, Strategic Planning Checklist, Trend Analysis Checklist, Executive Summary Template, Market Study Outline and Business Analysis Worksheet. 6 Documents to help get you organized.

Business Startup Documents. Essential Documents to Help Launch Your Venture. Includes: Board of Directors Documents, Confidentiality Agreements, General Administration, Basic Financial Checklist, Franchise Feasibility Test, Startup Cost Worksheet, Franchise Comparison Worksheet, Strategic Management, Organization-Wide Goals and much more. 66 Documents to help you get started.

Raising Capital Documents. Practical documents to help you get started raising capital. Includes: Government Grants and Program Worksheets and Guide, Loans and Borrowing Documents, Investment Analysis Summary, Bank Loan Request Sheet, Loan Application Review Form, Loan Calculator, Pledge of Shares of Stock, General Continuing Guaranty, Due Diligence Checklist, Promissory Notes, Investment Analysis Summary, Term sheet for potential investment and much more. 51 Documents to help you obtain funding.

Online Startup Documents. Key documents to establish your online presence. Includes: Advertising and Marketing Online documents, Confidentiality Agreements, Content and Copyright Agreements, Hosting Agreements, Software and License Agreements, Website Development Agreements, Website Notices and Checklists and much more. 72 Documents in total to help you online.

Finance and Accounting Documents. Vital documents for your finance and accounting business needs. Covers: Banking, Bookkeeping, Buying and Selling of Shares, Financial Statements, Government Grant Programs, Insurance, Investments, Investors Relations, Invoices and Billing, Loans and Borrowing, Raising Capital and much more. 169 Documents in total to help with your business finances and accounting.

Employment and HR Documents. Key documents you need as you grow your venture with employees. Covers: Compensation and Benefits, Contractors and Consultants, Employee Records, Employee Reference Letters, Firing and Termination, Hiring Employees, Insurance, Managing and Motivating Employees, Policies and Documentation and much more. 267 Documents in total to help manage your workforce.

Sales and Marketing Documents. Crucial documents as you grow your venture with marketing and sales. Covers: Addressing Complaints, Customer Relations, Market Analysis, Purchase orders and price quotes, Sales and Marketing Management, Sales Agreements and Contracts, Sales letters and much more. 142 Documents in total to help grow your venture.

Advertising and Marketing Online Documents. Documents to get your name and brand online effectively. Includes: Affiliate Program Agreement, Agreement for Internet advertising services, Co-branding agreement terms and provisions checklist, Co-branding agreement, Free linking agreement, Press release template, Website Cross Sponsorship Agreement, Website Linking Agreement. 8 Online Marketing Documents to help develop your online presence.

Business Operational Plan, Employee Handbook, and Policies and Procedures Templates

Show your investor that you are ready to launch by completing these vital foundational documents prior to starting. They include:

Operational plan template for you to describe your business’s mission and operations, including information on your strategic content, company objectives, key performance indicators, key assumptions and risks, goals, and more.

Employee handbook template to create for your current or future employees explaining your policies and what you expect from them and what they should expect from you.

Policies and procedures template (an addition to your employee handbook) to communicate the culture of your business, your standards on employment, schedules, compensation, benefits, hiring policies, and other workplace policies to protect not just your business but also your employees.

*These are templates for you to complete as operations and employee requirements vary per business. Please view the sample pages.

(Delivered in digital Microsoft Word format)

That’s a lot of information! But don’t be overwhelmed. We have offered each item individually so you can choose what you need or all of them. Scroll down to learn more.

See what our customers are saying about our business plan templates.

“The plan had some great points that were very beneficial and important to my business. I hope other clients are able to see the value you are able to provide in their business plans, just like myself. I would highly recommend you to other prospective entrepreneurs. It’s been a pleasure and I look forward to execute my business plan.”

Kristina K.

“Honest Business Plans has given me the tools and inspiration to pursue my business venture. Not only was the template helpful in helping me form my business idea it really explains how it would benefit my company.”

Mikio VanDrunen

“Shawn has been a tremendous help to me and my business ventures. His templates were extremely helpful to me with regard to moving my business from the conceptual phase to something that could be successfully implemented. Furthermore, his business plan example and associated materials allowed me to organize and structure my venture according to how I wanted to run and grow my business. I also found the process much easier with the materials (as opposed to doing everything on my own), since they provided a solid blueprint for my business.   I would recommend Shawn and his team to other entrepreneurs and business owners without hesitation. They have been great to work with!”

Kevin Cisney

The best part about our plans is that the TIME-CONSUMING parts are DONE for YOU.

Our Hybrid Fusion Business Plan Templates save you time as most portions are already completed for you, including the general narrative, market research and format are already researched and written for the Handyman industry.

What makes our Hybrid Fusion Business Plans Different?

Here are just a few reasons why our Honest Business Plan Template is the best solution to begin planning your venture:

• Formatted layout for investor and lender use.
• A full narrative written from scratch for your industry.
• Red instructional text guides you through each section of the business plan, explaining what each section is about and what to include, ensuring a polished, professional plan.
• Written in a persuasive way to show investors the true potential of your venture.
• Hybrid Fusion Cross between a business plan sample and template to make customization more realistic.
• Simple Pricing: Straight forward pricing no long-term subscription or obligation. Purchase and instantly download and edit.

Click here for sample pages of this Handyman business plan template.

But we don’t want to sell you on EASY.

We want to make sure you obtain a researched market-specific business plan template you are able to build a realistic and truly investor-friendly business plan upon.

Real investors and lenders see 3 to 15 business plans a day.

With the big “Corporate” business plan template companies luring you in with an “Easy” business plan those very lenders see right through them.

With our plan templates, you will have something extensive, unique as well as researched to set you apart from the “Corporate” generic business fill-in-the-blank plan templates.

Know exactly what you will be receiving by viewing our sample pages for this business plan here.

Do it yourself and not only save but learn more about your business as well.

• Each complete plan takes us about 160 to 200 hours to research , write and create and is written in a way to make it easy to understand yet investor friendly. A professional business plan writer would charge a minimum of $650 to create a unique business plan of our length.
• This is the viable solution you have been looking for. A comprehensive template with full narrative specifically for your industry. Our business plans are investor friendly, and offered at a fraction of the cost of a professional business plan writer.
• We stand behind our quality. Our plans are in-depth and researched. If you are able to find a more researched, referenced, comprehensive, Handyman business template for the Handyman industry for a lower price we will refund your money.
• Don’t believe the MYTH of “Fill in the blanks” business plan templates. Each venture is unique as is each market. If someone promises you a “fill-in-the-blanks” template or automated way to create your business plan then you are effectively getting a generic plan. Our hybrid business plan offered here is researched written and formatted specifically for the Handyman industry.
• Before purchasing, please understand the usage of this document (Yes, you will have to put in some work)  we are honest about what we offer and provide screenshots of the documents you will be receiving so there is no misunderstanding.

A customized or turn-key document from a reputable professional business plan writer starts at $950 and a cost upwards of $5,500 or more (A Google search will show you this).

We are attempting to help you get started on a budget hence we are providing our extensive hybrid fusion business plan documents as a starting point for you to build your plan upon.

30-DAY MONEY-BACK GUARANTEE.

Like any business, there are risks. I am so confident that this is the most comprehensive Handyman business offering out there that if you are able to find a more comprehensive Handyman business plan package that includes a 35+ page business plan template and matching Excel worksheet for a lower price, I will refund your money. Click here for terms and conditions.

*PLEASE NOTE THAT THIS PRODUCT IS NOT A TURN-KEY SOLUTION, BUT AN EDITABLE TEMPLATE THAT IS MEANT TO SERVE AS A FOUNDATION/BASIS/OUTLINE ON WHICH YOU CAN DEVELOP YOUR OWN PROFESSIONAL HANDYMAN BUSINESS PLAN WITH SOME EFFORT.

THE BEST TIME IS NOW

There is never a better time than the present to start your handyman business as more homeowners seek convenient and trustworthy solutions for their maintenance needs. The resources we provide will help jump-start you. However, in the end, only you can choose to make a difference in your life.

*This is a Business Plan Template/Outline in Unlocked and Editable Microsoft Office and should only be used as a starting point/foundation to write your own plan. You will need to edit it for your needs.

CHOOSE THE OPTIONS THAT WORK BEST FOR YOU. SSL Secured Checkout via PayPal or Credit Card. Your future Handyman customers are waiting.

Order Now Below

Disclaimers (Please read prior to purchase)

-This is an editable example business plan template, which is in between a business plan template and a sample. This is NOT a complete Turn-key business plan. Modify and use this Hybrid business plan template as a foundation to create your own plan. View Sample pages to see exactly what you will be receiving.

-We are unable to make any changes to this plan or excel sheet or pitch deck or documents for you.

-By purchasing these documents, you agree not to resell, copyright, or post them online.

-Digital Download for Microsoft Office XP 10.0 in Windows XP and higher versions.

-Will also open in Microsoft Office for Mac, however, some formatting issues may be present and will need to be corrected. For this reason, we are unable to guarantee 100% direct compatibility with Microsoft Office for Mac.

-This is a large Microsoft Word file. Please keep in mind that we are not responsible if your computer processor is unable to render them quickly. We have tested these files on multiple MACs and PCs and they render fine on our end. However, we are unable to account for or guarantee how the files will perform on your end due to various extensions and operating system performance. Although rare, if you are having rendering issues you may need to attempt to open and work on the Microsoft Word files on an alternative, newer or faster computer.

The best time to start is now. Purchase with confidence. SSL Secured Checkout and 30-Day Money Back Guarantee if you are able to find a more comprehensive and up-to-date plan and funding package combination for a lower price point.*

Thanks for scrolling down to the bottom of this page! Whether you purchase from us or not I wish you much success in your Handyman business venture!

Handyman Business Plan Template

🔨 handyman business plan template: building your path to success 🛠️.

Craft a Solid Foundation for Your Handyman Services with Our Comprehensive Handyman Business Plan Template!

📄 Overview of the Template

Presenting our Handyman Business Plan Template, a valuable tool for entrepreneurs looking to establish or grow a successful handyman service. This template is specially designed to cover the unique aspects of the handyman business, combining practical operational strategies with insightful industry analysis.

🌟 Features of the Template

• Word Document Template A versatile and editable template tailored to suit the specific needs and goals of your handyman business.
• Executive Summary A concise and compelling overview of your business plan, essential for engaging potential clients and investors.
• Company Description A dedicated section to describe your handyman services, outlining your expertise, services offered, and what differentiates you in the market.
• Handyman Industry Analysis In-depth analysis of the handyman sector, offering insights into market trends, customer needs, and competition.
• Organizational Structure A clear layout of your business’s structure and management hierarchy.
• Marketing Strategies Customized marketing plans to effectively promote your handyman services, attract a broad customer base, and build a strong local presence.
• Funding Request Guidance on crafting a persuasive funding proposal to secure the financial backing your business needs to thrive.
• 12-month profit and loss statement.
• 5-year pro forma income statement.
• A user-friendly, customizable Excel File.
• Flexibility to adjust revenues, costs, and staffing.
• Detailed 12-month Profit and Loss.
• 5-Year Annual Projections.

🛠️ Tailored for Handyman Business Success

This template is designed to be flexible, allowing you to customize each section to the specific requirements of your handyman business. With our easy-to-use Excel financial model, you can manage your finances efficiently, adapting to changes in your business landscape.

💡 Launch or Expand Your Handyman Services

Step into the handyman industry with a strategic and detailed business plan. Our Handyman Business Plan Template is more than just a document; it’s a guide to building a successful and reputable handyman service.

📥 Ready to Hammer Out Your Business Plan?

Begin shaping the future of your handyman business today. Click HERE to access this essential resource and take the first step towards a prosperous venture.

CLICK HERE TO BUY NOW!!!

__________________

Handyman Template is Reduced to $50.00!!

____________________________

More Benefits: Free Business Plan Template Tutorials!!

All of our business plans come with FREE business plan writing tutorials.  Business plan writing tutorials range from customizing your executive summary section to using our proprietary financial model!!

CLICK HERE FOR OUR FREE TUTORIALS!!!

"Free" Business Plan Templates

• Pretty Cool - Business Plan Structure
• Excellent - Industry-Related Research
• Awesome - Customized Financial Projections for your Industry
• Even MORE Awesome -Template Written by Paul Borosky, MBA.
• - Fill-in-the-highlighted-areas Format
• - Completed Pricing Strategy
• - SWOT Analysis Completed
• - Organizational Chart
• - Funding Request Section
• - Step-by-Step Tutorial for Business Plan Doc.
• - Step-by-Step Tutorial for Financial Projections Model

Quality Business Plan Templates

• Excellent - Industry-Related Research ($100 value)
• Awesome - Customized Financial Projections for your Industry ($300 value)
• Even MORE Awesome - Template Written by Paul Borosky, MBA.
• Plus... - Fill-in-the-highlighted-areas Format
• Plus... - Completed Pricing Strategy
• Plus... - SWOT Analysis Completed
• Plus... - Organizational Chart... Done!
• Plus... - Funding Request Section... Yes!
• Plus... - Step-by-Step Tutorial for Business Plan Doc.
• Plus... - Step-by-Step Tutorial for Financial Projections Model

Handyman Business Plan Templates Includes:

• Executive Summary
• Company Description
• Handyman related Industry Analysis INCLUDED!
• Organizational Structure.
• Funding Request
• 12-month profit and loss statement
• 5-year pro forma income statement
• Basic customizable Excel File
• Ability to change revenues, costs, and labor.
• 12 Profit and Loss
• 5 Yr Annual Projections.

Instructional Video:

____________________________________

For Questions about my template BEFORE PURCHASING or having difficulty downloading it, feel free to call me at:

321-948-9588

Available Monday - Friday from 8 AM to 9 PM EST. (Usually)

IMPORTANT NOTE - I DO NOT OFFER FREE PHONE CONSULTATIONS AFTER PURCHASING THE TEMPLATE.

_______________________________________

Building a Solid Foundation: The Ultimate Handyman Business Plan Template

Empowering handyman entrepreneurs.

Quality Business Plan introduces a robust Handyman business plan template, designed as a customizable Word document and Excel financial model. This template is an indispensable tool for handyman business owners, whether just starting or looking to expand their services. It offers a structured approach to business planning, tailored specifically for the unique demands of the handyman industry.

Tailor-Made for Handyman Services

The template provides a comprehensive structure that covers all essential aspects of running a handyman's business. Key sections include an Executive Summary, Company Description, Industry Analysis, Organizational Structure, and Marketing Strategies. Each part addresses the needs and challenges of managing a handyman's business.

User-Friendly Guidance for Seamless Planning

Understanding the complexities of business planning, Quality Business Plan offers easy-to-follow tutorial support. These tutorials, accessible on their website, guide users through each template component, ensuring a straightforward and efficient planning process, even for those new to business planning.

Marketing Strategies for Local Engagement

In the handyperson business, local market penetration and customer loyalty are crucial. This template includes detailed strategies for effective online and offline local marketing to help build a strong community presence and brand recognition.

Financial Management for Sustainable Growth

The financial aspect of the template is particularly vital, featuring sections like Funding Request and detailed financial projections, including 12-month profit and loss statements and 5-year pro forma income statements. These tools are customized for the handyman industry, enabling realistic and practical financial planning.

Final Thoughts: Laying the Groundwork for Handyman Business Success

In conclusion, Quality Business Plan's Handyman business plan template is more than a document; it's a comprehensive guide to success in the handyman sector. It provides entrepreneurs a clear and detailed path for establishing or growing their handyperson business, ensuring a stable and profitable future in this essential industry.

Date: 12/23

• View All Solutions
• DRIVE SALES
• Review Management
• Service Plans
• Online Booking
• Sales Proposal Tool
• KNOW YOUR BUSINESS
• Enhanced Reporting
• Employee Time Tracking
• Job Costing and Profitability
• Conquer Coaching
• Customer Management
• COMPLETE JOBS
• Dispatching
• Visual Price Book Software
• On My Way texts
• BUSINESS SOLUTIONS
• QuickBooks Integration
• Business Phone System
• Call Answering Service
• Equipment Tracking
• RECEIVE & MANAGE MONEY
• Expense Cards
• Business Financing
• Consumer Financing
• EXPLORE MORE SOLUTIONS
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• Custom Remodeling
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• Pest Control
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• Carpet Cleaning
• Window Cleaning
• Home Cleaning
• Pressure Washing
• Templates & Calculators
• News & Press
• Mastermind Online
• Drive Sales
• Review management
• Service plans
• Online booking
• Sales proposal tool
• Complete Jobs
• Visual price book
• On my way texts
• Receive & Manage Money
• Business financing
• Consumer financing
• Know your Business
• Enhanced reporting
• Employee time tracking
• Job costing and profitability
• Conquer coaching
• Business Solutions
• QuickBooks integration
• Business phone system
• Call answering service
• See All Solutions
• See all Industries
• Templates & Calculators
• News & Press

Handyman Templates

Handyman business plan template.

A handyman business plan template describes the nature of your business, financial projections, and future goals. If you need funding for your handyman business, you must provide the bank with a business plan.

Download Template

What is a handyman business plan used for?

A handyman business plan template describes the nature of your business, financial projections, and future goals. If you need funding for your handyman business, you must provide the bank with a business plan. This template is a guide to map out what your business will do, when it will accomplish the tasks, and how it will achieve these goals.

Examples of what’s included in a handyman business plan

A basic handyman business plan would include:

• An executive summary and company description
• Market research, competitive analysis, marketing plan, and sales strategy
• Products and services you will offer and financial projections
• Request for funding, if needed

Get In Touch: 858-251-9751

Download our handyman business plan template.

Free Handyman Business Plan Template

A successful handyman business is based on a solid business plan. To help you out, we've designed a business plan template PDF specifically for handyman business owners. Get your copy today!

How can a handyman business plan help you?

A solid business plan acts as your strategy guide for building a successful handyman business.

Whether you're an existing handyman business or just starting out, a business plan helps you get organised.

Use a business plan to help secure funding for your handyman business.

Get your free handyman business plan template:

What is tradify.

Tradify is the best handyman business management software that runs all your jobs from start to finish.

Bring together all your enquiries, estimates, quotes, jobs, staff, invoices, and more — all in one place, across every device.

Save time and eliminate stress with Tradify!

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How to Start a Handyman Business and Set Yourself Up for Success

By Nicole Fallon-Peek

Updated on Dec 20, 2023 9:56 PM EST

15 minute read

We may earn revenue from the products available on this page and participate in affiliate programs. Learn More ›

Individuals who have repair skills and a knack for home improvement might consider going into business for themselves as a handyman. Because a handyman service will always be in demand among local homeowners, going into this field can be a smart and profit-making decision for a handy individual.

However, launching a successful handyman business requires more than simply being a skilled tradesperson. As any entrepreneur can attest, it requires thorough research and planning to successfully navigate the complexities of establishing and running a business.

From understanding the market and defining a business model to navigating legal requirements and crafting a marketing strategy, each aspect plays a pivotal role in the successful launch and sustainability of a handyman business. Entrepreneurs will want to make a handyman business startup checklist—a guide to equip them with the knowledge and tools needed not only to start their business but to be able to compete with the best home services .

Before You Begin…

Before diving into the specific steps of starting a handyman business, it’s important for an entrepreneur to consider some factors that can significantly impact the journey.

For those wondering whether starting a handyman business is a good idea in the current market, the answer is a resounding “yes.” Even in challenging economic circumstances, the demand for home maintenance and repair services is often steady, as these needs are ongoing for homeowners. However, success in this field requires a business understanding, customer service skills, and a willingness to adapt to varying job requirements. An aspiring handyman will want to assess the market demand in their area, understand the competition, and identify their unique selling point (USP).

No certification is one-size-fits-all in terms of qualifications required to become a handyman. However, possessing a combination of handyman skills, experience, and, in some cases, specific types of business licenses , is essential for anyone who wants to enter the field.

The qualifications to become a handyman will vary depending on the types of services the business plans to offer and the legal requirements of the state or jurisdiction. For instance, someone who intends to provide specialized services such as electrical work or plumbing may need a professional license in these fields. Even for general handyman services, having a background in trades or construction is invaluable. Additionally, soft skills such as communication, time management, and customer service are essential for a successful business.

Tips for How to Start a Handyman Business

• Develop a comprehensive business plan that includes market analysis, service offerings, pricing strategy, and a clear marketing approach to establish a strong foundation for a handyman business.
• Obtain any necessary licenses or certifications required by the business’s state of incorporation for the specific services the business plans to offer.
• Build a robust network of suppliers and subcontractors, and invest in quality tools and equipment, to ensure efficient, reliable, and high-quality service to clients.

STEP 1: Write up a handyman business plan detailing what services you’ll offer, the business’s goals, and the costs of starting the business.

A good handyman business plan comprehensively outlines the range of services that the business intends to offer, as well as its goals and objectives to serve as a roadmap for growth and development. The business plan could include short-term aims, like establishing a client base, or long-term aspirations, such as expanding services or geographic reach. Entrepreneurs will want to include a detailed analysis of the startup costs involved in launching the business. These costs would include expenses such as tools and equipment, licensing fees, insurance, and marketing.

David Birkes, owner and general contractor of Birkes Builders in Colleyville, Texas, explains that crafting a formal business plan was “instrumental” to his company’s growth and helped with strategizing and outlining its trajectory.

“The process of compiling it allowed me to meticulously consider each aspect of the business, from market analysis and competitive strategy to financial projections and operational planning,” he says. “This level of detail not only provided invaluable clarity but also prepared us for potential challenges, a core reason why businesses fail early on. While the plan has evolved over time, its essence remains a guiding light for Birkes Builders, and I believe its continual refinement is vital for our sustained success.”

STEP 2: Review your state’s requirements for handyman business licenses and permits.

An aspiring handyman will want to thoroughly review and understand their state’s handyman business code, including any specific handyman business license and permitting requirements. The necessity for a handyman to have a license depends on the state.

In some regions, handymen are required to have a contractor’s license, especially for performing specialized tasks, such as electrical or plumbing work, or for handling projects above a certain dollar value. Other states may have more lenient regulations, offering a “handyman exemption” for smaller, less complex jobs.

Additionally, aside from state regulations, local city or county ordinances may also impose additional licensing or permit requirements. A prospective business owner will want to conduct detailed research or consult with local authorities to ensure full compliance with all legal requirements. Handymen will want to learn how to get a business license to make sure they’re operating legally within their jurisdiction.

STEP 3: Choose a business structure.

When deciding on the best business structure for a handyman business, the business owner will want to consider various factors such as liability, taxes, and administrative complexity. For many handymen, starting as a sole proprietorship is a common choice due to its simplicity and ease of setup. This structure allows for direct control over the business decisions and is relatively straightforward in terms of tax filing.

However, if the handyman is concerned about personal liability or plans to scale the business, forming a limited liability company (LLC) might be a better choice. A handyman LLC provides a separation between personal and business assets, offering protection against personal liability while still maintaining operational flexibility. Each structure has its advantages and implications for the business, so the business owner will want to weigh these options carefully, considering both current needs and future plans. Consulting with a legal or business adviser, or even with one of the best LLC services (such as LegalZoom or Northwest Registered Agent ) can also provide tailored guidance to ensure the chosen structure aligns with the handyman’s business goals and legal requirements.

Before officially registering a business, the entrepreneur will want to research handyman business name ideas and make sure another company isn’t already operating under that name and structure. For this reason, many handymen incorporate their personal name into their business name (e.g., “Smith’s Handyman Services LLC”).

STEP 4: If needed, look into options for small-business funding to get your handyman business off the ground.

Several avenues for small-business funding are available to help entrepreneurs get their business off the ground, each with its own set of benefits and requirements.

Traditional bank loans are a common choice, offering lending options tailored to small businesses. Alternatively, government-backed loans, such as loans by the Small Business Administration (SBA) , can provide more favorable terms and lower interest rates. For those looking for less traditional methods, crowdfunding platforms or seeking investments from friends and family can also be viable options. Another avenue for handymen is applying for grants specifically designed for small businesses or trade-specific enterprises.

It’s important for business owners to carefully assess their financial needs, including initial setup costs, tool and equipment purchases, and operating expenses, and then align these with the best funding source that suits their needs. Thorough research and a well-prepared business plan can enhance the entrepreneur’s chances of securing the necessary funding to launch and sustain a handyman business.

STEP 5: Open a business bank account to keep your personal and business finances separate.

Opening a business bank account helps to keep personal and business finances separate. This separation is essential not only for clear financial management but also for maintaining professionalism and simplifying accounting practices. A dedicated business account makes it easier to track expenses, manage invoices, and prepare for tax season, as all business transactions are consolidated in one place. It also enhances a business’s credibility with clients and suppliers, as payments are made to and from a business account rather than a personal one. Additionally, in the event of a business audit, having distinct accounts can provide business owners with a clear financial trail and demonstrate compliance with business regulations.

For handymen just starting out, choosing a bank that offers low fees and good customer service can help minimize costs and ensure a smooth banking experience. Setting up this account early in the business setup process lays a solid foundation for effective financial management and contributes to the overall organization and success of the handyman business.

STEP 6: Purchase the basic tools and equipment you need to get your business started.

Investing in the right handyman tools and equipment will help handymen deliver quality service and handle a wide range of jobs efficiently. Birkes notes that a core handyman tool kit boils down to “versatility and necessity” and recommends that entrepreneurs invest in the following basic equipment to start:

• A set of reliable screwdrivers;
• A quality drill, ideally a combination kit with a hammer drill and impact driver for a broad range of jobs;
• A sturdy ladder;
• Safety gloves;
• High-grade goggles for eye protection; and
• A first aid kit.

Other essentials include tools such as pliers, a saw, a measuring tape, and a level. Depending on the services offered, specialized tools like plumbing wrenches or electrical testers might also be necessary. However, Birkes noted that it’s wise for business owners to pace themselves when investing in specialty tools.

“It’s enticing to splurge on every shiny gadget, but … buy [tools] as certain tasks become habitual,” recommends Birkes. “Sink funds into what will frequently pay itself off. For example, if you find yourself constantly doing tile work, it’s time to pick up that reliable tile saw.”

STEP 7: Set pricing for your handyman services.

Setting the right pricing for handyman services impacts the profitability and competitiveness of the business. Most handymen charge an hourly rate, which can vary widely based on factors such as geographic location, the complexity of services offered, and the handyman’s experience level.

The average self-employed handyman hourly rate will depend on several factors, including the handyman’s geographic location and whether they have any specialized skills. The Bureau of Labor Statistics (BLS) reports that general maintenance and repair workers earn an average of $44,980 per year or $21.62 per hour. This salary can increase with experience, a strong client base, and efficient business management.

When setting prices, handymen will want to consider all of their business operating costs, including tools, transportation, insurance, and marketing, to ensure that the pricing structure supports sustainable business growth and profitability.

Business owners will also want to conduct market research to understand the general rates in their area and to set a competitive yet profitable price point. To do this, Shlomo Cherniak, owner of Cherniak Home Services , a handyman company located in Baltimore, Maryland, advises that handymen consider factors such as the type of service(s) they plan to provide, the complexity of the project, the materials required, and the level of expertise needed. He also recommends that business owners reach out to other professionals in the industry, join trade associations, or consult industry publications to gather information on prevailing rates.

“Setting rates that are too low may undervalue your services, while setting rates that are too high may deter potential customers,” Cherniak explains. “Finding the right balance is crucial for success in the home improvement industry.”

Birkes adds that standing out based on quality and value rather than just price is crucial.

“To implement [value-based pricing], one must deeply understand the client’s needs and how our services generate improvements in their living spaces that push beyond mere renovations,” he says. “This involves tailored designs, high-quality materials, and skillful craft. We conduct thorough market research, consider the value of our design-build approach, and ensure our prices reflect the sophistication and customized experience we offer.”

STEP 8: Get small-business insurance to help protect your business financially from liability.

Securing coverage from one of the best handyman insurance companies (such as NEXT Insurance or Thimble ) is a critical step for handymen, as it provides financial protection from various forms of liability. In the realm of handyman services, the question of whether a handyman needs insurance is straightforward: It is essential. Self-employed handyman insurance safeguards the business against accidents, property damage, and potential lawsuits that could arise during the course of the work. This protection is not just a precaution; it’s a vital aspect of maintaining a sustainable and reputable business.

Business owners will want to consider different types of insurance, such as general liability insurance, professional liability insurance, and workers’ compensation (if the handyman hires employees). This coverage ensures that in the event of an unforeseen incident, the handyman’s business assets and personal finances are not at risk. Moreover, having proper handyman business insurance often enhances the credibility of the business in the eyes of clients, signaling professionalism and responsibility.

STEP 9: Create a service contract for each customer to sign.

A handyman contract establishes clear expectations and responsibilities for both parties. This document will ideally outline the specifics of the job, including the services to be performed, the timeline for completion, cost estimates, payment terms, and any guarantees or warranties offered. This contract serves as a legal agreement that protects both the handyman and the client, ensuring a mutual understanding of the work scope and conditions. It also provides a reference point for both the handyman and the customer in case of any disputes or misunderstandings regarding the job.

Additionally, having a standardized contract template adds a level of professionalism to the business and streamlines the process for future projects. Handymen will want to consider legal counsel when drafting this contract to ensure that all terms are clear, fair, and compliant with local laws and regulations. By implementing a contract, handymen can foster trust with their clients and safeguard their business from potential legal complications.

STEP 10: Come up with a marketing plan to start putting your business in front of potential customers.

Effective handyman marketing needs to encompass various strategies tailored to the target audience and the unique selling points of the business. A well-rounded marketing plan that combines both digital and traditional methods can effectively promote the business and help attract and retain clients in a competitive market.

Creating a professional website and maintaining an active presence on social media platforms can significantly enhance the business’s online visibility and attract a broader customer base. Additionally, a website with informational content and helpful information is more likely to appear in search results when potential clients in the area search “ handyman near me .”

Another way for handymen to attract new customers is for them to sign up for handyman job listing sites and home service apps such as Angi , HomeAdvisor , TaskRabbit , Thumbtack , or Handy . These services can complement these digital marketing efforts and further enhance a new business’s reach and visibility. Handyman business owners can research the top lead-generation websites by reviewing comparisons and reviews.

Traditional marketing methods, such as distributing handyman business cards and flyers in the local community, will also enhance visibility. These tangible materials can be left in local hardware stores, community centers, or with satisfied customers, providing a personal touch that often resonates with the local clientele. Business owners can also network with local contractors, real estate agents, and property managers to further open up referral opportunities.

STEP 11: Invest in a business software program to help you run the handyman business more efficiently.

Modern business software programs offer a range of tools that streamline various aspects of business operations, from scheduling and job tracking to invoicing and customer relationship management. With handyman software, such as Housecall Pro or Jobber , business owners can easily keep track of appointments, manage work orders, and ensure timely communication with clients. Additionally, features like invoicing and payment processing integrated into the software can simplify the financial aspects of the business, making it easier to track income, expenses, and profitability.

• Want to know more? Check out the BobVila.com Jobber review and see which service we like more: Housecall Pro vs. Jobber . 

Handyman software also aids in maintaining a professional image, as it allows for prompt and organized interactions with clients. This software can be instrumental for growing businesses in that it helps to manage an increasing workload and client base efficiently. By leveraging the capabilities of specialized business software, handymen can focus more on their core services and less on administrative tasks, leading to improved productivity and customer satisfaction.

These guidelines serve as a valuable resource, offering practical advice and actionable strategies to navigate the complexities of starting and running a handyman business. By following these steps, new and aspiring handymen can ensure their business not only meets legal and professional standards but also thrives in a competitive market, ultimately leading to sustainable growth and customer satisfaction. The journey of starting a handyman business, while challenging, can be deeply rewarding when approached with dedication and the right preparation.

The 5 Handiest Items for a DIYer’s Home, Garage, and Beyond The 5 Handiest Items for a DIYer’s Home, Garage, and Beyond

By Chase Brush

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By Tony Carrick

Handyman Business Plan [Sample Template]

By: Author Tony Martins Ajaero

Home » Business ideas » Home Improvement » Handyman

Are you about starting a handyman business ? If YES, here is a complete sample handyman business plan template & feasibility study you can use for FREE .

A handyman business is one that provides a wide range of services needed for the maintenance of buildings and properties. The services provided by a handyman include plumbing, electrical works, carpentry, painting, heating and cooling services and other building and property maintenance and repair works.

The handyman business is becoming more popular in recent times and this is because of the fact that people are becoming creative with ways of making money and developing new business ideas so as to be able to make a living. The creation of this business has also been as a result of people losing their jobs and the increasing number of people who want to set up their own businesses.

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A Sample Handyman Business Plan Template

1. industry overview.

The handyman industry is one that was affected adversely by the fall of the housing market. This resulted to a low demand for the services in this industry. When the demand for minor household repairs and maintenance rose, the revenue decline was moderated.

The industry has now benefited from the acceleration house market and the increase in household income. This industry provides general maintenance and repair services to residential and commercial customers, including plumbing and electrical repairs, appliance installation and repair, painting and carpentry.

The industry grew as a result of the shift in focus from do-it-yourself (DIY) to do-it-for-me (DIFM) as the eighties drew to a close.

This was because time became more precious for the coming generation than money. By the mid-nineties handyman businesses began to appear all over the place to cater to people who did not have time to spare to fix little problems in their homes.

In 2003, the handyman industry was one of the fastest growing ones in the united states and the industry keeps expanding further. This sector is a resource for the growing number of aging homeowners and is also a source of business opportunity for entrepreneurs.

The Handyman services industry will continue to grow in the five years to 2019 due to the support it will get from the accelerating house market.

Housing prices are also on the rise and the increase in the existing home sales will help to drive the demand for remodeling projects and repair works in homes and on properties. The sector employs about 9,180 people and the annual growth rate in the industry between 2009 -2014 is 3.5% and the revenue from the industry is $1 billion.

There is a growing need for home repair work and improvement that is reliable because of the emergence of vacation homes, second homes, commercial properties and rental units.

Also the increase in the number of older people who wish to keep on living in their homes is a factor for the growth in the industry and younger families with children of school-age who chooses to renovate and remodel their homes, instead of moving out to look for new homes in the real estate market with its high price.

Statistics has it that the Handyman Services industry in the United States of America, is worth $1bn, with an estimated growth rate of 3.5 percent. There are about 882 registered and licensed handyman services businesses in the United States and they are responsible for employing about 9,180 people. It is important to state that there is no company with a dominant market share.

The Handyman services industry will keep on thriving in the coming decade especially if an entrepreneur in this line of business is committed to providing reliable and quality work for customers in the home repair and property services they render.

The market is highly unsaturated and there is room for growth as the industry is expanding and maturing. The good news for would be entrepreneurs in this line of business is that there is an estimate of continued annual growth for the handyman industry for as high as 20 percent.

Over and above, the handyman services industry is very open to any aspiring entrepreneur who has acquired the required trainings, skills and perhaps professional certifications to start his or her own business and of course make good money from the industry.

2. Executive Summary

Next Door Neighborhood® Handyman Services is a licensed and standard handyman services company. We have been able to secure a standard and well – positioned office facility in a central business district in Inglewood Los Angeles – California.

We are a handyman services company that is set to compete in the highly competitive handyman services industry not only in Los Angeles – California, but also throughout the United States market.

Next Door Neighborhood® Handyman Services will provide general maintenance and repair services to residential and commercial customers, including plumbing and electrical repairs, appliance installation and repair, painting and carpentry services et al.

Our business goal is to become one of the leading handyman service companies in the United States and we will make sure that we do all we can to compete favorably with leaders in the industry.

Our workers will be selected from a pool of certified and highly experienced technicians and tradesmen with different trade skills as it relates to our service offerings in and around Los Angeles – California and also from any part of the United States of America as the business grows.

We will make sure that we take all the members of our workforce through the required trainings that will position them to meet the expectation of the company and to compete with leading handymen service providers and installation, maintenance and repair companies in the United States and throughout the globe.

At Next Door Neighborhood® Handyman Services, our client’s best interest will always come first, and everything we do will be guided by our values and professional ethics. We will ensure that we hold ourselves accountable to the highest standards by meeting our client’s needs precisely and completely.

We will cultivate a working environment that provides a human, sustainable approach to earning a living, and living in our world, for all our partners, employees and for our clients.

Next Door Neighborhood® Handyman Services is founded by Drake Morrison a graduated from Illinois Institute of Technology (B.Tech.) and his friend and business partner for many years Fred Sugarland (B.Sc. Business Management).

They have a combine experience that can help them build Next Door Neighborhood® Handyman Services to favorably compete with other leading handyman business and installation, maintenance and repair businesses in the United States of America.

3. Our Products and Services

Next Door Neighborhood® Handyman Services is established with the aim of maximizing profits in the handyman services cum installation, maintenance and repair services industry.

We want to compete favorably with the leading handyman service companies and installation, maintenance and repair companies in the United States which is why we have but in place a competent quality assurance team that will ensure that every repairs, installations and services carried out or related services rendered meet and even surpass our customers’ expectations.

We will work hard to ensure that Next Door Neighborhood® Handyman Services is not just accepted in Los Angeles – California but also in other cities in the United States of America. Our service offerings are listed below;

• Plumbing repair
• Drywall installation and repair
• Electrical installations
• Carpentry services
• Appliance installation and repair (TV wall mount installation)
• Flooring installation and repair
• Roofing repairs
• Gutter cleaning
• Kitchen makeover
• Bathroom remodel and Shower remodel
• Attic insulation
• Deck repair
• Door installations
• Fence repairs
• Interior and exterior painting services
• Yard and power tool repair and maintenance
• Building and gardening service
• Other related installation, maintenance and repair services

4. Our Mission and Vision Statement

• Our vision is to establish a standard and all – round handyman services company whose services and brand will not only be accepted in Los Angeles – California but also in other cities in the United States of America.
• Our mission is to provide professional installation, maintenance and repair services and other related services that will assist businesses, individuals, households and non-profit organizations in ensuring that their facility and equipment in good shape.
• We want to build a handyman service company that can favorably compete with other leading brands in the handyman services cum installation, maintenance and repair services industry.

Our Business Structure

Next Door Neighborhood® Handyman Services is a business that intends to start small in Los Angeles – California, but hopes to grow big in order to compete favorably with leading handyman business and installation, maintenance and repair companies in the industry both in the United States and on a global stage.

We are aware of the importance of building a solid business structure that can support the picture of the kind of world class business we want to own. This is why we are committed to only hire the best hands within our area of operations.

At Next Door Neighborhood® Handyman Services we will ensure that we hire people that are qualified, hardworking, creative, customer centric and are ready to work to help us build a prosperous business that will benefit all the stakeholders (the owners, workforce, and customers).

As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of five years or more as agreed by the board of trustees of the company. In view of the above, we have decided to hire qualified and competent hands to occupy the following positions;

• Chief Executive Officer
• Head, Technical Services

Human Resources and Admin Manager

• Sales and Marketing Executive
• Handymen (With Various Trade Skills as it relates to our Business)

Client Service Executive

5. Job Roles and Responsibilities

Chief Executive Officer – CEO:

• Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results; developing incentives; developing a climate for offering information and opinions; providing educational opportunities.
• Responsible for providing direction for the business
• Creating, communicating, and implementing the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
• Responsible for signing checks and documents on behalf of the company
• Evaluates the success of the organization

Head, Technical Services:

• Serve as project manager of the organization; works directly with employees
• Develops strategic plan by studying technological and financial opportunities; presenting assumptions; recommending objectives.
• Accomplishes subsidiary objectives by establishing plans, budgets, and results measurements; allocating resources; reviewing progress; making mid-course corrections.
• Coordinates efforts by establishing procurement, production, marketing, field, and technical services policies and practices; coordinating actions with corporate staff.
• Builds company image by collaborating with customers, government, community organizations, and employees; enforcing ethical business practices.
• Maintains quality service by establishing and enforcing organization standards.
• Maintains professional and technical knowledge by attending educational workshops; reviewing professional publications; establishing personal networks; benchmarking state-of-the-art practices; participating in professional societies.
• Make certain that the technical department perform efficiently, coordinate employee efforts, and facilitate communications between management and handymen
• Ensures that the organization work in line with international best practices.
• Responsible for overseeing the smooth running of HR and administrative tasks for the organization
• Defines job positions for recruitment and managing interviewing process
• Carries out staff induction for new team members
• Responsible for training, evaluation and assessment of employees
• Responsible for arranging travel, meetings and appointments
• Oversees the smooth running of the daily office and factory activities.

Sales and Marketing Manager

• Manages external research and coordinate all the internal sources of information to retain the organizations’ best customers and attract new ones
• Models demographic information and analyze the volumes of transactional data generated by customer
• Identifies development opportunities; follows up on development leads and contacts; participates in the structuring and financing of projects; assures the completion of development projects.
• Writing winning proposal documents, negotiate fees and rates in line with organizations’ policy
• Responsible for handling business research, market surveys and feasibility studies for clients
• Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
• Develop, execute and evaluate new plans for expanding increase sales
• Create new markets cum businesses for the organization
• Empower and motivates the sales team to meet and surpass agreed targets

Accountant / Cashier:

• Responsible for preparing financial reports, budgets, and financial statements for the organization
• Provides managements with financial analyses, development budgets, and accounting reports; analyzes financial feasibility for the most complex proposed projects; conducts market research to forecast trends and business conditions.
• Responsible for financial forecasting and risks analysis.
• Performs cash management, general ledger accounting, and financial reporting for one or more properties.
• Responsible for developing and managing financial systems and policies
• Responsible for administering payrolls
• Ensures compliance with taxation legislation
• Handles all financial transactions for Next Door Neighborhood® Handyman Services
• Serves as internal auditor for Next Door Neighborhood® Handyman Services

Handymen (With Various Trade Skills)

• Provides general maintenance and repair services to residential and commercial customers, including plumbing and electrical repairs, appliance installation and repair, painting and carpentry services et al.
• Handles Carpentry services, Appliance installation and repair (TV wall mount installation), Flooring installation and repair, Roofing repairs, Gutter cleaning, Kitchen makeover, Bathroom remodel and Shower remodel, Attic insulation, Deck repair, Door installations, Fence repairs, Interior and exterior painting services, Yard and power tool repair and maintenance
• Welcomes clients and potential clients by greeting them in person or on the telephone; answering or directing inquiries.
• Ensures that all contacts with clients (e-mail, walk-In center, SMS or phone) provides the client with a personalized customer service experience of the highest level
• Through interaction with clients on the phone, uses every opportunity to build client’s interest in the company’s products and services
• Manages administrative duties assigned by the creative director in an effective and timely manner
• Consistently stays abreast of any new information on the organizations’ products, promotional campaigns etc. to ensure accurate and helpful information is supplied to clients when they make enquiries

6. SWOT Analysis

Next Door Neighborhood® Handyman Services engaged the services of a core professional in the area of business consulting and structuring to assist our organization in building a well – structured handyman business that can favorably compete in the highly competitive handyman services cum installation, maintenance and repair service industry in the United States and the world at large.

Part of what the team of business consultant did was to work with the management of our organization in conducting a comprehensive SWOT analysis for Next Door Neighborhood® Handyman Services. Here is a summary from the result of the SWOT analysis that was conducted on behalf of Next Door Neighborhood® Handyman Services;

Our core strength lies in the power of our team; our workforce. We have a team of certified and highly trained and experience technicians, plumbers, and carpenters et al, a team with excellent qualifications and experience in various niche areas in the handyman services cum installation, maintenance and repair service industry.

Aside from the synergy that exists in our carefully selected workforce, our services will be guided by best practices in the industry.

As a new handyman services company in Los Angeles – California, it might take some time for our organization to break into the market and gain acceptance especially from top profile clients in the already saturated and highly competitive handyman services and installation, maintenance and repair services industry; that is perhaps our major weakness.

Another weakness is that we may not have the required cash to pump into promoting our business the way we would want to.

• Opportunities:

No doubt, the opportunities in the handyman services and installation, maintenance and repair services industry is massive considering the number of households and corporate organizations that are would always need one or more things to fix in their facilities.

As a solar panel installation, maintenance and repair company, we are ready to take advantage of any opportunity that is available in the industry.

Just like any other business, one of the major threats that we are likely going to face is economic downturn. It is a fact that economic downturn affects purchasing / spending power.

Another threat that may likely confront us is the arrival of a new handyman business or even installation, maintenance and repair company in same location where our target market exist and who may want to adopt same Business model like us.

7. MARKET ANALYSIS

• Market Trends

To start a handyman business, there is need to carry out a critical economic analysis to ensure that the risks and threats that are associated with starting a business or investing in a business idea are reduced.

Starting the business is not just about getting a fancy office space and equipping the place. You should also be concerned with how to get customers for the business and how to keep existing customers coming back to use the services of your company.

On the average, starting and running a handyman business can be cost effective. This is especially so when you have highly trained, well qualified and experienced staff as members of your team.

With the quality of work carried out by them for your customers, you will be able to retain your customers and the good work your company does will be well spread by word of mouth as customers will tend to recommend your services to their families and friends once you are able to do a good job in their homes and on their properties.

A company’s ability in providing its customers with quality service at affordable prices will also be a factor that will count in the industry. This way the company will be able to retain existing clients and get more business from new customers. The competition in the handyman industry shows that there is a viable market for the services of handymen.

As long as you are prepared to run a high quality business, you will have your own share of the market as some handyman business that exist take their customers for granted and offer them mediocre services. This gives you room as a new entrant into the business to come in and dominate if you are prepared to give quality service to your client.

8. Our Target Market

Before starting our handyman business in Los Angeles – California, we conducted a market survey and feasibility studies and we are certain that there is a wide range of both corporate and individual clients who would need the services of handymen on a regular basis.

In view of that, we have created strategies that will enable us reach out to various corporate organizations and households who we know can’t afford to do without our services. Below is a list of the people and organizations that we have specifically market our services to;

• Banks, Insurance Companies and other related Financial Institutions
• Blue Chips Companies
• Corporate Organizations
• Real Estate Owners, Developers, and Contractors
• The Government (Public works department)
• Schools (High Schools, Colleges and Universities)
• Sport Facilities
• Religious Organizations
• Individuals and households

Our Competitive Advantage

Surviving in the business world as a handyman business or installation, maintenance and repair company requires more than, your expertise, knowing how to deliver standard repairs and maintenance jobs but also how to network with key people that matters; decision makers that can decide who will get an installation, repair and maintenance contract.

There are favorable conditions for growth in the handyman services industry and as a result of this, survival in the industry will require that you build on existing knowledge of the services you offer to your customers and broaden your skill base in order to be able to compete favorably.

More handymen companies are coming up and they are using the services of existing franchise in the business to boost their competitive edge and exposure in the industry.

We are quite aware that to be highly competitive in the handyman services industry means that you are not only expected to be able to deliver consistent and highly reliable installation, repair and maintenance jobs, but you must be able to meet set targets. No one would want to continue to hire your services if don’t always meet up with the target date of completion of projects.

Our competitive advantage lies in the power of our team; our workforce. We have a team of certified and highly trained and experience technicians, plumbers, and carpenters et al, a team with excellent qualifications and experience in various niche areas in the handyman services cum installation, maintenance and repair service industry.

Lastly, all our employees will be well taken care of, and their welfare package will be among the best within our category (startups handyman services cum installation, maintenance and repair businesses in the United States) in the industry. It will enable them to be more than willing to build the business with us and help deliver our set goals and achieve all our business aims and objectives.

9. SALES AND MARKETING STRATEGY

• Sources of Income

Next Door Neighborhood® Handyman Services is established with the aim of maximizing profits in the handyman (repair) services industry and we are going to go all the way to ensure that we do all it takes to meet and surpass the expectations of all our clients.

Next Door Neighborhood® Handyman Services will generate income by offering the following services;

10. Sales Forecast

One thing is certain, there would always be corporate organization, government agencies, households and individual who would need the services of handymen cum installations, maintenance and repair companies.

We are well positioned to take on the available market in the handyman services industry and we are quite optimistic that we will meet our set target of generating enough income / profits from the first six month of operations and grow our company to enviable heights.

We have been able to critically examine the handyman services cum installation, maintenance and repair market and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projection is based on information gathered on the field and some assumptions that are peculiar to similar startups in Los Angeles – California.

Below is the sales projection for Clean Energy Technologies®, LLC, it is based on the location of our business and of course the wide range of our services and target market;

• First Year-: $100,000
• Second Year-: $250,000
• Third Year-: $500,000

N.B : This projection is done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown and there won’t be any major competitor offering same installation, maintenance and repair services as we do within same location. Please note that the above projection might be lower and at the same time it might be higher.

• Marketing Strategy and Sales Strategy

We are mindful of the fact that there is stiffer competition in the handyman services industry; hence we have been able to hire some of the best marketing experts to handle our sales and marketing.

Our sales and marketing team will be recruited based on their vast experience in the handyman services cum installation, maintenance and repair services industry and they will be trained on a regular basis so as to be well equipped to meet their targets and the overall business goal of Next Door Neighborhood® Handyman Services

Our corporate goal is to grow Next Door Neighborhood® Handyman Services to become one of the top 10 handyman services brands in the United States of America which is why we have mapped out strategy that will help us take advantage of the available market and grow to become a major force to reckon with not only in Los Angeles – California but also in other cities in the United States of America.

Next Door Neighborhood® Handyman Services is set to make use of the following marketing and sales strategies to attract clients;

• Introduce our business by sending introductory letters alongside our brochure to individuals, households, corporate organizations, religious organizations and key stake holders.
• Promptness in bidding for installation, repair, and maintenance contract from the government and other cooperate organizations
• Advertise our business in relevant business magazines, newspapers, TV stations, and radio station.
• List our business on yellow pages ads (local directories)
• Attend relevant international and local expos, seminars, and business fairs et al
• Create different packages for different category of clients in order to work with their budgets and still deliver excellent services
• Leverage on the internet to promote our business
• Engage direct marketing approach
• Encourage word of mouth marketing from loyal and satisfied clients

11. Publicity and Advertising Strategy

We have been able to work with our brand and publicity consultants to help us map out publicity and advertising strategies that will help us walk our way into the heart of our target market.

We are set to become the number one choice for both corporate clients and households in the whole of Inglewood – Los Angeles and beyond which is why we have made provisions for effective publicity and advertisement of our handyman services company.

Below are the platforms we intend to leverage on to promote and advertise Next Door Neighborhood® Handyman Services;

• Place adverts on both print (newspapers and magazines) and electronic media platforms
• Sponsor relevant community based events / programs
• Leverage on the internet and social media platforms like; Instagram, Facebook , twitter, YouTube, Google + et al to promote our services
• Install our Bill Boards on strategic locations all around Los Angeles – California
• Engage in road show from time to time in targeted neighborhoods
• Distribute our fliers and handbills in target areas
• Contact corporate organizations and households by calling them up and informing them of Next Door Neighborhood® Handyman Services and the services we offer
• List our company in local directories / yellow pages
• Advertise our company in our official website and employ strategies that will help us pull traffic to the site.
• Ensure that all our staff members wear our branded shirts and all our vehicles are well branded with our company logo et al.

12. Our Pricing Strategy

At Next Door Neighborhood® Handyman Services we will keep the prices of our services below the average market rate for all of our customers by keeping our overhead low and by collecting payment in advance from corporate organizations who would hire our services. In addition, we will also offer special discounted rates to all our customers at regular intervals.

We are aware that there are some one – off jobs or government contracts which are always lucrative, we will ensure that we abide by the pricing model that is expected from contractors or organizations that bid for such contracts.

• Payment Options

At Next Door Neighborhood® Handyman Services our payment policy will be all inclusive because we are quite aware that different people prefer different payment options as it suits them. Here are the payment options that we will make available to our clients;

• Payment by via bank transfer
• Payment via online bank transfer
• Payment via check
• Payment via bank draft
• Payment via mobile money
• Payment with cash

In view of the above, we have chosen banking platforms that will help us achieve our plans with little or no itches.

13. Startup Expenditure (Budget)

In setting up any business, the amount or cost will depend on the approach and scale you want to undertake. If you intend to go big by renting a place, then you would need a good amount of capital as you would need to ensure that your employees are well taken care of, and that your facility is conducive enough for workers to be creative and productive.

This means that the start-up can either be low or high depending on your goals, vision and aspirations for your business. The tools and equipment that will be used are nearly the same cost everywhere, and any difference in prices would be minimal and can be overlooked.

As for the detailed cost analysis for starting a standard handyman company; it might differ in other countries due to the value of their money. However, this is what it would cost us to set Next Door Neighborhood® Handyman Services in the United of America;

• Business incorporating fees in the United States of America will cost – $750.
• The budget for Liability insurance, permits and license will cost – $3,500
• Acquiring an office space that will accommodate the number of employees for at least 6 months (Re – Construction of the facility inclusive) will cost – $100,000.
• The amount required to purchase the needed tool box and repair equipment – $10,000
• Equipping the office (computers, printers, projectors, markers, servers / internet facility, furniture, telephones, filing cabinets, and electronics) will cost – $10,000
• Amount required to purchase the needed software applications to run our business – $ 3,500
• Launching an official Website will cost – $500
• Amount need to pay bills and staff members for at least 2 to 3 months – $70,000
• Additional Expenditure such as Business cards, Signage, Adverts and Promotions will cost – $1,000

Going by the report from the market research and feasibility studies conducted, we will need about two hundred thousand (200,000) U.S. dollars to successfully set – up a standard handyman company in the United States of America.

Generating Funding / Startup Capital for Next Door Neighborhood® Handyman Services

Next Door Neighborhood® Handyman Services is a business that will be owned and managed by Drake Morrison and his friend and business partner for many years Fred Sugarland. They are the sole financial of the business which is why they decided to restrict the sourcing of the start – up capital for the business to just three major sources.

These are the areas we intend generating our start – up capital;

• Generate part of the start – up capital from personal savings and sale of his stocks
• Generate part of the start – up capital from friends and other extended family members
• Generate a larger chunk of the startup capital from the bank (loan facility).

N.B: We have been able to generate about $100,000 (Personal savings $70,000 and soft loan from family members $30,000) and we are at the final stages of obtaining a loan facility of $100,000 from our bank. All the papers and document has been duly signed and submitted, the loan has been approved and any moment from now our account will be credited.

14. Sustainability and Expansion Strategy

The future of a business lies in the numbers of loyal customers that they have the capacity and competence of the employees, their investment strategy and the business structure. If all of these factors are missing from a business (company), then it won’t be too long before the business close shop.

One of our major goals of starting Next Door Neighborhood® Handyman Services is to build a business that will survive off its own cash flow without the need for injecting finance from external sources once the business is officially running.

We know that one of the ways of gaining approval and winning customers over is to offer our installation, maintenance and repair services a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while.

Next Door Neighborhood® Handyman Services will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. Our company’s corporate culture is designed to drive our business to greater heights and training and retraining of our workforce is at the top burner.

As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of three years or more. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.

Check List / Milestone

• Business Name Availability Check:>Completed
• Business Incorporation: Completed
• Opening of Corporate Bank Accounts various banks in the United States: Completed
• Opening Online Payment Platforms: Completed
• Application and Obtaining Tax Payer’s ID: In Progress
• Securing a standard office facility: Completed
• Application for business license and permit: Completed
• Purchase of All form of Insurance for the Business: Completed
• Conducting Feasibility Studies: Completed
• Generating part of the start – up capital from the founders: Completed
• Writing of Business Plan: Completed
• Drafting of Employee’s Handbook: Completed
• Drafting of Contract Documents: In Progress
• Design of Logo for the business: Completed
• Purchase of repair and installation tools and equipment: Completed
• Graphic Designs and Printing of Packaging Marketing / Promotional Materials: Completed
• Recruitment of employees: In Progress
• Purchase of the Needed furniture, office equipment, software applications, electronic appliances and facility facelift: In Progress
• Creating Official Website for the business: In Progress
• Creating Awareness for the business: In Progress
• Health and Safety and Fire Safety Arrangement: In Progress
• Establishing business relationship with vendors and key players in various industries: In Progress

• Moscow Oblast
•  » 
• Pushkino, Russia

Phone 8 (985) 210-75-22 8 (985) 210-75-22

Social Media Feeds

Department stores near aps motors.

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