If you are interested in exploring a home service business, you are not alone. Whether it is a painting or handyman franchise or some other home service industry, there is a growing demand to have a business that you can operate from home. The painting and handyman industry has proven to be continually growing every year, even during the pandemic.
Regardless of which franchise you choose, the due diligence steps you should take and the questions you should ask are the same.
Here are the necessary stages in evaluating the best home service franchise?
No. Most painting and handyman franchisees come in with no real experience in the industry. Our franchise training process starts with the assumption that this is a new industry for you.
If you do have experience or an existing home service business, we will cater our training to help you as needed.
2. Has the home improvement franchise industry been affected by COVID-19?
March and April, most of our franchisees have had no problem working at or near full capacity. For the year, the home improvement industry is having one of its best years. Customer buying habits have altered, and people are investing in their homes.
Yes. We guarantee that if you follow our system and fail to gross $500,000 in your first 20 months, we will reimburse your franchise fee in full.
In the beginning, your primary role will be to do everything except the physical work for the customer. It will include all other aspects though we do assist with bookkeeping services and ongoing support.
Most of our franchisees start making money near the time training is complete, if not soon after that. Because residential jobs typically pay faster, we focus our internet marketing strategy on residential customers. For larger jobs, asking for deposits and ongoing payments is acceptable. Your results may vary, but we find that most of our painting and handyman franchise get off to quick starts executing our marketing system.
The franchise industry is very regulated, and we are not able to make earning claims here. However, you can speak directly with our franchisees or request a copy of our FDD.
I love this question. Let me give you a concise answer:
Gross margins are around 40%- 50%. The net profit of jobs varies widely. Over a year’s time, you will have a few jobs that you lose money on and others you do very well. The industry standard is between 15-20% net profit. For a detailed account of what a Klappenberger & Son Franchisee net profit is, please contact us.
During franchise training, we will teach you and work with you to find technicians. We will contact local paint stores and speak to the managers who can help introduce us to local painters and handymen. During training, we will interview painters and handymen together. After training, you will understand the process of finding and retaining good help.
Klappenberger & Son has created a library of “best practices” that are for everyone to follow. These training videos explain the best practices. As a new franchisee, you can explain that this is how we do things, and we would like you to give it a try.
Yes. It is a beautiful truck too!
When starting up a home improvement business, financing is one of the most critical pieces. Though we do not finance the loan, we can assist you in several ways, including providing you with a business plan, loan officers, Small Business Administration, and many other options to get the necessary financing.
Yes we are.
Initial franchise start-up fees are between $77,000 – $116,000. When comparing apples to apples, our initial start-up costs amongst the lowest in the entire home improvement franchise industry!
$47,000 or $40,000 for veterans.
Full-time. Out territories are twice as large as our closest competitor and 4-5 larger than most other painting and handyman franchises. We are looking for people who want to grow a substantial business.
Our territories are 350,000 people to 500,000 people, with many extending as high as 600,000 without any additional cost to the franchisee. I operated my painting and handyman company in a territory that was the same size and grew it to 25-30 guys working. Most painting and handyman franchises have territories between 100,000 and 250,000 people.
No. You can perform residential, commercial, and government projects.
Yes. Neither Klappenberger & Son franchisees or its affiliates can advertise or perform work in your territory. The only exception is an existing relationship with a customer inside a franchisee territory with properties outside the territory. Most Handyman and Painting Franchises have restrictions on commercial work.
Besides the apparent additional traveling that would occur outside the territory, Google My Business trusts businesses that have an address that matches the areas you are targeting. It is advisable to live inside the area, or you will need to have a business address of some sort inside your territory.
Yes. As long it does not hurt future territories, we are open to finding a territory that works for everyone.
Our franchise training is six weeks long and includes more hours of on-site training than any other handyman or painting franchise.
I want my franchisees to be as educated about the industry as possible. There is so much to know about how to start a home improvement franchise. Taking short cuts or having incomplete training is the perfect storm for making costly mistakes.
When franchising, there are many things to do in the initial stages of setting-up a painting or handyman business. Fortunately, you can do many of these tasks concurrently.
Request a copy of the FDD (Franchise Disclosure Document)
When you receive an FDD, you have a mandatory two weeks to review it before signing the Franchise Agreement. Having two weeks to review the document is a Federal law that all franchises all parties must follow. So, it is essential to acknowledge that you received the FDD. Your signature recognizes that starting period.
You can continue to contact the franchisor with questions such as:
When investigating into a handyman or painting franchise it is always a good idea to do a discovery day. A discovery day is when you go to the corporate headquarters and meet the owner and his team. You would likely visit some jobs in progress and get a chance to talk to a franchisee or two. It is not always a practical trip, but it does give some insight that phone calls and webinars just cannot do.
Buying a franchise is like eating a six course meal. There are stages, and none of it should be rushed. If a franchisor is trying to pressure you to buy, then back off from signing. Some other necessary steps in buying a franchise include validation and a discovery day.
The process from beginning to end typically takes about 2-3 months.
When investing in a Klappenberger & Son franchise we are here to advise and help you through this process. After all, the point of buying a franchise is to be in business for yourself, but not by yourself.
The First Step to Leadership The first step to leadership is voluntarily getting people on board with your vision. According to Merriam-Webster – transitive verb : to offer or bestow voluntarily In my experience, I have found leadership to be counterintuitive and awkward at times. I used to hope that if
Brushing Up Success: The Overlooked Power of Personal Development in Building a Painting Business In the fast-paced world of entrepreneurship, it’s easy to overlook the true secret to success – personal development. While marketing strategies and SEO optimization are important, it’s the growth and improvement of individuals that can truly
What Big Changes Can You Expect in The Painting Industry In The Next 2-3 Years? The painting industry is one of the slowest industries to change of all industries. The basic tools have been around for quite some time. The first paint brush dates back 100,000 years! The oldest ladder
We were featured on Best Franchise Networks’ Podcast – check it out!
Phone: 443-223-0645
Email: dklappenberger@klappenbergerandson.com
Address: 902 Bluff View Dr. Myrtle Beach, SC 29579