Franchise Deep Dive: Ace Handyman Services' Franchise Costs, Fees, Profit and Data

With more than 20 years of experience and its recent acquisition by Ace Hardware, Ace Handyman Services offers entrepreneurs a low-cost yet highly profitable franchise opportunity.

By Jeff DwyerStaff Writer

Updated 9:09AM • 05/14/24

LAST UPDATED: May 2024
FRANCHISE WEBSITE: https://acehandymanfranchising.com/
NUMBER OF LOCATIONS: 350+
REPORTED COST TO GET IN: $127,577 to $204,097
REPORTED ROI (Item 19): $852,797 (average gross revenue for top performing locations)

Ace Handyman Services is a home improvement, repair and remodeling franchise concept that offers both residential and commercial maintenance services. The brand was initially founded in 1998 by current CEO Andy Bell as Handyman Matters. The brand began offering franchise opportunities in 2001, and was acquired by Ace Hardware in 2019.

Since then, Handyman Matters has rebranded as Ace Handyman Service to become a nationally recognized franchise brand with locations across 47 states.

How Many Ace Handyman Services Locations Are There?

As of May 2024, Ace Handyman Services has more than 348 franchise territories and seven affiliate businesses in operations.

What Is Ace Handyman Services’ Business Model?

The core of Ace Handyman Services’ business model is focused on providing trustworthy and reliable home maintenance services.

The brand describes itself as “a technology-based repair and remodeling company that believes in helping our owners build a foundation of satisfied, lifelong customers who will consistently enlist our services for repair and remodel jobs of all sizes.”

According to Ace Handyman Services’ website, its craftsman can handle upward of 1,162 different home improvement projects. However, the brand does not require its franchisees to have prior industry experience. All new owners will receive ample training to ensure they are able to operate a franchise, and will be educated on how to hire their own team of experienced craftsmen.

Ace Handyman Services lists the following benefits to operating one of its franchises:

Staffing and training
Proprietary systems and processes
Instant estimates
Technology-driven efficiencies
Marketing at the ready

Additionally, not only do franchisees get to benefit from the support of Ace Hardware’s backing, but they are also able to purchase products from Ace Hardware’s nationwide network of participating stores at competitive prices that include local discounts and a national rebate program.

How Much Can Ace Handyman Services Franchise Owners Make?

According to Ace Handyman Services’ 2023 Franchise Disclosure Document (FDD), the top earning franchise locations in 2023 saw average gross revenues of $852,797.

How Much Does It Cost To Open an Ace Handyman Services Franchise?

As of the publishing of this story, the initial investment required to open an Ace Handyman Services franchise ranges from $127,577 to $204,097. This investment is broken down into the following costs:

Initial Franchise Fee: $70,000
Travel and Living Expenses While Training: $3,500 to $5,000
Lease Deposit: $1,000 to $3,000
Rent for First 3 Months: $3,000 to $4,500
Leasehold Improvements and Signage: $800 to $5,000
Furnishings: $800 to $5,000
Tools and Equipment: $0 to $3,500
Truck or Van: $0 to $2,950
Computer Hardware and Office Equipment: $2,250 to $5,000
Software and Internet Fees (3 months): $1,497
Start-up Advertising: $7,500 to $9,000
Utility Deposits and Permits: $100 to $450
Licenses and Permits: $630 to $1,600
Insurance: $4,000 to $5,100
Professional Fees: $500 to $3,000
Miscellaneous Opening Costs: $2,000 to $4,500
Additional Funds (3 Months): $30,000 to $45,000

Interested candidates are also required to have a minimum net worth of at least $250,000.

What Is the Franchise Fee for Ace Handyman Services?

The franchise fee required to open an Ace Handyman Services franchise is $70,000. Franchise owners are also required to pay an ongoing royalty fee of 6% and a 2% ad fee.

Who’s On Ace Handyman Services Leadership Team?

Andy Bell – CEO
Chris Bue – President of Franchising
Mark Douglass – President of Operations
Colette Bell – VP of Franchise Development
LaShelle Taylor – VP of Operations

What Helpful Articles Can I Read to Learn More About Ace Handyman Services?

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