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Below is an in-depth analysis and side-by-side comparison of Benjamin Franklin Plumbing vs Classic Handyman including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $37,556 - $204,261 | $40,000 |
Franchise Fee | $43,000 | N/A |
Royalty Fee | 6% | - |
Advertising Fee | 3% | - |
Year Founded | 2000 | - |
Year Franchised | 2001 | - |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | 50% of franchise fee | - |
Business Experience Requirements |
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Experience | - | - |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | Yes/Yes | -/- |
Start-up Costs | Yes/Yes | -/- |
Equipment | Yes/Yes | -/- |
Inventory | Yes/Yes | -/- |
Receivables | Yes/Yes | -/- |
Payroll | Yes/Yes | -/- |
Training & Support |
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Training | Available at headquarters, Available at franchisee's location | - |
Support | Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | - |
Marketing | National media, Regional advertising | - |
Operations |
37% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 - 12
Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | No | - |
International Expansion | Yes | - |
Classic Handyman Company does small home repairs and collects their fee at the same time. Our Proven system of techniques and "Tools" allows you to efficiently attract and subcontract the work of many competent and professional handymen (and handywomen) to serve your clients home repair needs. Classic Handyamn services may be delivered to your clients even though you have no construction bacground. Training consists of 5 days of intensive learning at our Nashville headquarters with subsequent 2-4 days training on site in your service center.