Franchise Spotlight: Handyman
A DIY averse generation means the handyman franchise sector looks set to grow.
The handyman sector covers a whole host of services including: painting, carpentry, light installations, household repair, lawn mowing and more. Analysis shows that the rising age of the population, dual income families with less free time, and DIY averse millennials has led to an increased demand for these services. With this demand comes a host of franchise bands.
Handyman industry analysis
If you’d prefer to be a one (wo)man band then a driving license and solid DIY skills is key. However, most franchises expect you to manage a team of on the ground staff and focus, instead, on running the business. Therefore, management, customer service and business skills are more often required. The franchise will support you in setting up your business and will provide ongoing training, support and marketing, along with a recognized brand name for you to capitalize on.
Assess the needs, demographic and competition in your local area. Handyman services rely heavily on reputation and customers tend to be loyal and supportive to their chosen company. Assess potential gaps in the market and what you can bring to the community. One of the many benefits is the repeat business that comes with this sector.
For those handyman services that operate inside the home, 2020 saw a dip in industry revenue over the Summer, as the recent pandemic meant that work could not be carried out in the same way. However, as this eases, a spike in demand is predicted. The majority of the population has spent a prolonged period of time indoors, which has led to a renewed focus on the home and a plethora of DIY jobs that need attending to.
The handyman sector is part of an age-old industry that is not going anywhere and is set to grow. As the country’s general DIY skills continues to fall and the population age continues to rise, the handyman sector looks set for a bright future.