FranchiseVerdict
Mr. Handyman logo
FV-01706·STRONGExcellent95

Mr. Handyman

OtherFranchising since 2000Website
Investment
$162K – $215K
54th pct Other
Avg revenue
$774K
27th pct Other
Royalty
7.0%
33rd pct Other
Units
357
92nd pct Other
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $162K – $215K including a $67K franchise fee, 7.0% ongoing royalty.
  • Average unit revenue of $774K/year (median $580K).
  • Rated STRONG with a risk score of 41/100. SBA loan default rate of 0.0% across 233 loans (below the industry average).

Item 1 · who you're contracting with

The Franchisor

Legal entity
MR. HANDYMAN SPV LLC
Parent company
Neighborly Assetco LLC
Incorporated in
Delaware
HQ
1010 North University Parks Drive, Waco, Texas 76707
Auditor
Ernst & Young LLP
Audited financials
Franchisor revenue
$461.7M
vs $480.8M prior year

Yale framework · single-unit ROIC

Returns Analysis

Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.

The model · Yale framework

What would one Mr. Handyman unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $773,574
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: generic
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $162K–$215K
Working capital
$
Item 7 didn't break this out — defaulted to ~10% of annual revenue

Unlevered ROIC · per unit

41%

In Yale's "attractive" band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$108K
EBITDA margin
14.0%
Total invested
$266K
Payback
29 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Levered LBO scenario · Yale Crease Capital framing

What would 25 Mr. Handyman units return on equity?

Edit assumptions

Equity IRR · 5-yr

49.9%

7.57× MOIC

Year-1 DSCR

1.88×

EBITDA ÷ debt service

Equity required

$1.1M

on $5.4M purchase

Total debt

$4.3M

SBA $2.7M + senior + seller note

Overview

About

Mr. Handyman franchisees run local home maintenance and repair service businesses, handling tasks like drywall repair, painting, carpentry, and handyman work. Franchisees manage technician teams, coordinate customer jobs within protected territories, and generate revenue through labor, materials, and subcontractor referrals. Daily operations involve scheduling, customer acquisition, job quality control, and managing the split royalty obligations on different revenue streams.

CEO
Michael Anthony Davis
Founded
2020
FDD year
2026
States available
39

Item 7 · what it costs

The Vitals

Total investment
$162K – $215K
All-in to open one unit
Liquid capital
Cash you must have on hand
Franchise fee
$67K
Royalty
7.0%
Percentage of Gross Sales · typical 6–8%
Ad fund
2.0%
typical 3–5%
Total fee load
9.0%
vs 9–13% typical

Item 19

Financial Performance

Avg gross sales
$774K
Per unit, per year
Median gross sales
$580K
Item 19 type
Historic Gross Sales
Sample size
165 units
vs category median 20 · large
Range (low → high)
$208K$5.4M
Cohort dispersion
Transparency
4 / 5
vs category median 3 / 5 · above
Revenue rank27th
vs Other peers
Investment cost rank54th
Lower investment ranks lower (better)
Royalty rate rank33th
Lower royalty = lower percentile (better)
Unit count rank92th
vs Other peers
Risk score rank4th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
357
Opened
22
Last reporting year
Closed
11
Turnover rate
3.1%
Company-owned
0
Corporate units in the system
% franchised
100%
vs corporate-owned
Net growth (yr3)
+2.9%
Net unit change last year
3-yr CAGR
+9.5%
Compounded over last 3 years
2024
357+10
Franchised units
2025
347
Franchised units
2026
326
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 25 states with active franchisees

The Territory Map

Derived from franchisee contact records. Shows states with at least one current operator — not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 25 states
Not registered

States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.

Government records

SBA Loan Data

Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.

Total loans
233
Loan volume
Avg loan
Default rate
0.0%
vs <3% typical · system-wide
5-yr default

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

41
Risk · 0-100
STRONG41 / 100

Mr. Handyman presents moderate-to-cautionary risk: slow unit growth, active franchisor litigation, missing financial disclosures, and complex royalty structures warrant deep validation before committing capital.

Score breakdown · what drove the 41 / 100 rating

  1. 01MINORDeclining unit growth (2.9% YoY) indicates system stagnation despite mature brand presence
  2. 02HIGHActive litigation against franchisees raises concerns about franchisor-franchisee relationship and potential disputes over marketing obligations
  3. 03MINORNo Item 19 (Average Unit Volumes) disclosure prevents validation of $773,574 average revenue claim and profitability assessment
  4. 04MINORDual royalty structure (7% vs 3.5%) creates complexity and potential disputes over revenue categorization and material/subcontractor definitions
  5. 05MEDHigh initial investment ($161,900–$215,000) combined with undisclosed net income creates uncertainty about ROI timeline and profitability

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
Postal codes or physical/political boundaries
Protected territory
Yes
Initial term
10 years
Renewal term
10 years
Online sales rights
Granted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
2
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
No
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Required
Governing law
Texas

Item 11

Training & Operations

Classroom training
37 hrs
On-the-job training
20 hrs
POS system
ServiceTitan
Operating tech stack

Item 20

Franchisee Contacts

Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.

Franchisee contacts

99 numbers

Locked
(310) 390-••••
CA
(530) 328-••••
CA
(561) 544-••••
FL

One-time purchase · CSV download · Validation questions included

FDD download

Mr. Handyman · FDD (2026) PDF

Single-page checkout · instant download · CSV export of contacts available separately above