bannerFranchisor Stories

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

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?

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

Disclaimer: This content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained on this site constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any franchises, securities, or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the franchise and/or securities laws of such jurisdiction. 

All content in this article is information of a general nature and does not address the detailed circumstances of any particular individual or entity. Nothing in the article constitutes professional and/or financial advice, nor does any information in the email constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content in this article before making any decisions based on such information or other content.