ANN ARBOR, Mich., Feb. 20, 2014 (GLOBE NEWSWIRE) -- Mr. Handyman, North America's largest home repair and maintenance franchise, experienced a 14 percent system-wide sales increase in 2013, recording $6.5 million more in revenue compared to the previous year. In addition, 42 percent of Mr. Handyman franchisees achieved their best financial year.
Building off the momentum experienced in 2013, Mr. Handyman expects 2014 to be just as successful, mirroring the double digit growth in remodeling spending projected by The Leading Indicator of Remodeling Activity. Mr. Handyman will expand its nationwide footprint as the brand looks to add franchise locations in Kansas City, Mo., Columbus, Ohio, Minneapolis, Minn., Atlanta, Ga. and Nashville, Tenn. to keep up with demand for home repair services.
"The housing market's consistent growth directly relates to home owner requests for services and improvements," said Alex Roberts, President of Mr. Handyman. "In 2013 we experienced the best year since the recession hit in 2008 and look forward to keeping the momentum going this year."
The success of current franchise owners throughout the Mr. Handyman system demonstrates the strength and capacity of the brand and the growing demand for residential and commercial repair, maintenance, improvement and remodeling services. In 2013, 26 franchises grew more than $100,000 in sales as comparable same-store sales grew by 29 percent for commercial services.
Mr. Handyman currently has 199 locations in the United States and Canada. The investment to open a Mr. Handyman franchise is $102,000 to $129,600. Interested candidates must have a minimum net worth of $250,000 to qualify. Mr. Handyman is a member of the Service Brands International family of home-services franchises that also includes Molly Maid and ProTect Painters. To learn more about Mr. Handyman's franchise opportunities, visit www.mrhandymanfranchise.com.
About Mr. Handyman
Mr. Handyman is part of a network of independently owned and operated franchises with nearly 200 units in North America that provide commercial and residential property repair, maintenance, improvement and remodeling services. Founded in March 2000, Mr. Handyman is a member of Service Brands International, a group of service companies that provide a variety of timesaving services ideally suited for today's active consumer. Mr. Handyman is seeking qualified franchise candidates in strategic communities throughout North America. Entrepreneur magazine has consistently recognized Mr. Handyman as one of America's fastest growing, service-oriented franchise systems and the No. 1 handyman service. Since 2009, Mr. Handyman has donated over 4,700 hours to deserving charities, military veterans, fire stations and domestic violence shelters in honor of the National Day of Service and Remembrance. For more information, visit www.mrhandymanfranchise.com.
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Source: Mr. Handyman