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Joined 1 year ago
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Cake day: October 27th, 2023

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  • sillyboy544@alien.topBtoSmall BusinessFailing franchise
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    1 year ago

    He needs to cut his losses and get out. LPT: Never buy into a franchise business. I run a very successful handyman service for 4 years now. When I started I looked into Mr Handyman which is a franchise company. They wanted a $59,000 initial franchise fee, then a 7% royalty fee in gross monthly sales, then a 3% local marketing fee, 2% advertising fee, a computer usage fee, a 1-800 number fee and on and on. I counted 22 different fees to pay them. I took $800 and bought a basic set of tools, spent $12 a month for a website and $100 for a few road signs to get started and now I have many customers and I don’t need to share a penny with anyone. Mr Handyman even want to train you how to hire people so you can manage the business. This is idiotic because never though I do well. There isn’t and never will be enough business to hire our work and sit in an office.