8 Low Cost Home Repair Franchises for 2024

The home services market proved itself during the COVID-19 pandemic, and it has continued to soar in the years following. While many homeowners partnered with home services providers during the pandemic to improve the space they were suddenly spending much more time in, the pandemic also encouraged many consumers to reconsider how they spend their time.

Now, as the aging population becomes less able to complete home repair projects on their own, and younger professionals are less willing to spend their valuable time on such projects, the market is even larger. Worth an estimated $567 billion in 2022, the home improvement industry continues to grow and is a promising space for budding entrepreneurs. 

As demand continues to rise, these eight franchises offer attractive opportunities for business people looking to enter the industry with a lower-cost option.

Speedy Patch

Speedy Patch is a drywall repair franchise that works on walls, ceilings, water-damaged spots and backsplashes. In many cases, drywall-related issues are unexpected. Homeowners don’t always know when a pipe is going to burst or the ceiling is going to crack. So, time is of the essence. By providing efficient, same-day service, Speedy Patch owners can help homeowners address urgent repair needs and establish themselves as a go-to provider in their community.

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• Units: 3
• Total Initial Investment: $79,500 - $95,250
• Franchise Fee: $49,000
• Royalty Fee: Not disclosed
• Marketing Fee: Not disclosed
• Liquidity Required: $17,000 - $20,000
• Franchise Agreement Length: Not disclosed

TruBlue Home Service Ally

TruBlue Home Service Ally is a handyman and home maintenance franchise that helps seniors and busy adults take back some of their time and live worry-free lives. TruBlue’s services include “to-do list” tasks like changing light bulbs, installing blinds, unclogging drains and pressure washing exteriors; handyman and home repair services like preventative maintenance, fencing installation and repair, and drywall repair; and deck building, maintenance and repair, including tasks like planning and design, cleaning and staining, and replacement of balusters, deck planks and stairs that may be at risk.

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• Units: 88
• Total Initial Investment: $65,050 - $91,400
• Franchise Fee: $44,900
• Royalty Fee: 6%
• Marketing Fee: 2%
• Liquidity Required: $50,000
• Franchise Agreement Length: 10 years

Mr. Handyman

Mr. Handyman is a home repair and modification franchise under the Neighborly franchise umbrella. Offering residential, commercial, and safety and mobility-related services, Mr. Handyman franchisees have a diverse offering and multiple revenue streams. With growing millennial and baby boomer customer bases, handyman franchises like Mr. Handyman can tap into constantly increasing demand driven by a lack of ability or desire among homeowners to personally complete handyman tasks.

• Units: 334
• Total Initial Investment: $117,500 - $154,100
• Franchise Fee: $63,000
• Royalty Fee: 7%
• Marketing Fee: 2%
• Liquidity Required: $50,000
• Franchise Agreement Length: 10 years

House Doctors

House Doctors is a home improvement franchise that handles anything from general maintenance to full remodels. This includes things like drywall repairs, re-caulking areas to boost energy efficiency and protect the home from unwanted pests or moisture, and repairing floors that have been dented or otherwise damaged. As part of the Premium Service Brands franchise system, House Doctors owners have access to an incredible breadth of industry expertise and a growing support system.

• Units: 50
• Total Initial Investment:  $101,350 - $145,000
• Franchise Fee: $65,000
• Royalty Fee: 6%
• Marketing Fee: 2%
• Liquidity Required: $50,000
• Franchise Agreement Length: 10 years

Access Garage Doors

Access Garage Doors focuses on selling, installing and repairing garage doors and systems. By focusing on a single aspect of the home, Access Garage Doors franchisees can develop a strong skill set while addressing a diverse customer base. With a robust training program, Access Garage Doors ensures owners and their teams have the tools and systems they need to do great work and maintain the high level of service the brand is known for.

• Units: 7
• Total Initial Investment: $49,995 - $99,555
• Franchise Fee: Up to $20,000
• Royalty Fee: 4% in year one, 4.5% in year two, and 5% in year three and beyond
• Marketing Fee: 0.5%
• Liquidity Required: $50,000
• Franchise Agreement Length: 5 years

Ideal Siding

Ideal Siding sits in the $60 billion siding industry and has a platform that allows franchisees to capture big-ticket projects. With a low initial investment and no requirement for a new office or warehouse space, franchisees can get started quickly and begin servicing the growing industry. Ideal Siding offers full-service support and books appointments for franchisees starting in the first week, meaning franchisees can pour even more energy into scaling their businesses.

Growth Club Profile

• Units: 22
• Total Initial Investment: $83,500 - $129,700
• Franchise Fee: $50,000
• Royalty Fee: 8%
• Marketing Fee: 1%
• Liquidity Required: $20,000 - $40,000
• Franchise Agreement Length: 5 years

Ace Handyman Services

Ace Handyman Services is a home service franchise associated with the global retailer, Ace Hardware. With 100 years of history and stores in over 60 countries, the brand has built a strong reputation in the home services and construction spaces. Prospective franchisees looking to break into the industry can leverage a well-known brand identity to scale a flexible handyman franchise and provide services like painting, furniture assembly and tile repair.

• Units: 367
• Total Initial Investment: $127,577 - $204,097
• Franchise Fee: $70,000
• Royalty Fee: 6%
• Marketing Fee: 2%
• Liquidity Required: $75,000 - $150,000
• Franchise Agreement Length: 10 years

Get a Grip Resurfacing

Get a Grip Resurfacing is a repair and resurfacing franchise that revives countertops, tiles, cabinets and bathroom fixtures with less waste and a smaller carbon footprint. Because the franchise resurfaces rather than replaces, it is an attractive option for consumers seeking a more affordable and sustainable option that can be completed more quickly than other projects. Because the business is mobile and low-cost, franchisees can get started in as little as 30 days and begin building a scalable, recession-resistant franchise.

• Units: 30+
• Total Initial Investment: $43,000 - $93,000
• Franchise Fee: $35,000
• Royalty Fee: Not disclosed
• Marketing Fee: Not disclosed
• Liquidity Required: $20,000
• Franchise Agreement Length: 5 years

The home repair franchise space offers a wide range of business opportunities. Whether you’re looking to specialize in a specific type of repair or would prefer a more generalist approach, the industry has plenty of options that require a relatively small lift but offer great potential for return on investment.

Every great franchisee had help buying a franchise. Want to learn more about how 1851 helps franchisees find the right franchise opportunity? Visit www.1851growthclub.com and start your journey.