The handyman business launch plan
Every step from deciding to opening, in the order it happens, shaped to your situation, with your own numbers beside it. About 44 steps in 8 phases, 21 of them specific to a handyman business. Free to read; ticking steps off and putting in your own numbers come with membership.
The plan44 steps
- 01Not started0/6Fold
Decide with the numbersa week or two
Before a dollar is spent. Most expensive mistakes happen here, and this phase costs nothing.
A handyman business sells versatile and materials from its trucks.
Typical for one unit is $150,000 to $500,000 a year; the owner keeps 10 to 18% of it before paying themselves. If that band does not cover what you need, that is the signal to pause and look again.
~50% survive 5 years. Roughly half of all new U.S. employer businesses are still operating after five years.
Twelve questions about your money, time, experience and temperament, scored. Then the 5 questions this business asks of its owner, about the hours and the work. Answer both before you spend a dollar.
Rule of thumb: buy an established shop with real recurring accounts and a retainable crew when you want cash flow and lower risk; build from one truck when capital is tight and you can patiently. Answer it in your situation above and the plan reshapes.
Customers, prices, rent, staff pay, what it costs to open. We filled in typical numbers; change what you know and everything on this page follows.
- 02Not started0/5Open
Plan the moneya week
What it costs to open, where the money comes from, and the cushion that keeps you alive until the business pays for itself.
A handyman business is one of the cheapest trades to open: no storefront, no heavy equipment, just a truck per tech with racks, a multi-trade tool kit, a stock of shop supplies, insurance, and...
The itemized cost to open8 lines
- Work vans or pickups (lease down payments & racks): $13,000 to $24,000Two vehicles with shelving and ladder racks; buying both outright adds about $95,000
- Power, hand & trade tools, ladders & safety gear: $5,000 to $15,000Cordless kit, miter saw, compressor and nailers, plumbing, electrical, drywall and paint tools, ladders, uniforms
- Starter shop supplies: $400 to $2,000Fasteners, anchors, caulk, patch, blades and fittings for the first couple of months
- Registration, bond & setup fees: $500 to $4,000State registration or license where required, bond, entity and legal setup
- Insurance (liability, commercial auto & workers’ comp): $1,500 to $5,500First premiums and deposits; property managers ask for proof
- Tablets, card readers & office setup: $2,500 to $6,500Field tablets with card readers, plus a small office and materials shelving
- Branding, wraps, website & launch marketing: $7,500 to $39,000Wraps, logo and site, door hangers and the first 60 days of ads
- Initial working capital: $15,000 to $45,000Payroll, fuel and materials float for two to three months
Costs start on day one; customers take months. Map the first twelve months of cash so the business does not run out of money while it is getting going.
The business has to earn your pay like any other bill. Set it in your numbers and watch the month it move.
How deals in this business are financed5 lines
- SBA 7(a) loan (Up to $5M · up to 10 yr (25 with real estate) · 75-85% government-guaranteed)Funds the purchase of an existing handyman company or a startup’s tools and working capital.
- SBA Microloan or small 7(a) (Microloans up to $50,000 · up to 6 yr)For a one or two truck start, an SBA microloan through a local nonprofit lender or a small 7(a) loan can cover tools, the vehicle down payments and the first months of payroll.
- Vehicle leasing & equipment financing (Secured by the vehicles · 3-6 yr)Lease or finance the vans or pickups, secured by the vehicles.
- Seller financing (Often 5-20% of price · 3-7 yr)Common when buying a handyman company.
- SBA 504 loan (Up to 25 yr · owner-occupied real estate)Only if you later buy a building for an office, shop and vehicle parking.
Most new shops pair an with 10 to 20% of your own cash. Know the monthly payment before you look at a single space.
Before you shop. A lender tells you what they would fund, what they need from you (credit, your cash in, a plan with numbers), and a pre-qualification letter makes a landlord or a seller take you seriously.
- 03Not started0/4Open
Set up the companya day or two
A day of paperwork, and it has to come before the space: a lease, a loan application and every permit are in the company’s name.
Your state’s business name search, the trademark register, and the domain, before the name is on a sign, a van, or a lease.
A , an , and the S-corporation election each change what you keep and what you are exposed to. Compare them with the numbers, confirm with a CPA and an attorney, then file with your state.
After:The is free from the IRS in minutes once the company exists. The bank account needs both. Keep business money separate from day one.
After:Pick the accounting software and connect the bank account now, so every cost of opening is captured and the numbers you later are real.
- 04Not started0/4Open
The territory and the vehiclea week or two
A handyman business's "location" is its service territory and how efficiently a tech can string small jobs together.
What decides it for this business: dense, drive-time-efficient territory, older housing stock, homeowner, middle-to-high income base, access to versatile, trustworthy techs, reasonable lead costs.
Mobile businesses still answer to city rules: where the vehicle can be kept overnight, whether you can run the business from home, and what the state licenses.
The van or truck is the shop. Price it, outfit it, insure it, and brand it before the first job. The quotes go into the loan application.
Commercial auto for the vehicle, for the work. Customers and any lender will ask for the certificate.
- 05Not started0/2Open
Get the loanfour to eight weeks
Four to eight weeks with an SBA lender, longer if the file is incomplete. Everything else waits on this, so send a complete file.
Your plan with numbers (download it as a PDF from this page), the company’s papers, the vehicle and equipment quotes, your personal financial statement, and proof of the cash you put in.
The lender funds against the quotes and the insurance; the money goes to the vendors and the build.
After:
- 06Not started0/7Open
Permits and the vehicletwo to four weeks
Handyman rules vary more by state than almost any other trade.
Bind the policies you had quoted before a contractor, a vehicle or a customer is in play. Keep the certificates; the landlord, the lender and the city will ask.
After:With the money in hand: the vehicle, the , the branding, and the state inspection most cities require before it can work.
After:Register your or corporation and get a city or county business license.
State registration to collect and remit tax on materials, where your state taxes them.
Many states set a dollar limit above which you need a license (Arizona and Nevada at $1,000, Georgia at $2,500, California for most jobs over its small-job limit); others, such...
for most state licenses and registrations, and asked for by property managers and HOAs before they send work.
coverage for every vehicle used for business.
- 07Not started0/10Open
Set up to runduring the build
During the build, so the business runs from day one: the systems, the prices, the people and the routine.
Scheduling, routing, invoicing, and recurring-account tracking are the operational core; they drive utilization and let you bundle jobs into efficient visits.
Google Local Services, reviews, and local SEO are the lead pipeline; managing cost per acquired job matters more when the is small.
Fast field payments and financing on larger remodel jobs lift close rates and size.
Tech pay, hourly vs piece, and background-check records get complex; you need this the moment you have a crew.
Per-truck visibility and clean books are essential for managing the business and financing growth.
, workers' comp, and commercial auto for the fleet, non-negotiable for in-home work and a mobile crew.
See the price the the business needs implies, then check it against what the market pays.
Daily: Schedule and route trucks, bundle jobs into efficient visits, handle... Weekly: Review truck utilization and close rates, reconcile lead cost per... Monthly: Review per-truck , recurring-account penetration, marketing ROI,...
Opening, closing, the sale, the complaint, the cash. One page each. This is the manual a franchise would have sold you.
Free, and it is how most people will find you. Address, hours, photos and the menu or price list, live before opening day; then the sign, the soft opening and the first regulars.
- 08Not started0/6Open
Open and measurethe first ninety days
You own it. Now run it on the numbers.
Friends, neighbors and a short menu or list. Find the problems while the room is forgiving.
Enter the real numbers and see every cost line against the for this business.
Drive time between small jobs; Rising lead cost on a small ; Versatile, trustworthy .
Wages are the start: , insurance, training time and the hours you stop billing. Register as an employer and carry workers’ comp before the first payday.
Growth consumes cash before it produces it. Find the rate your own cash funds before you push.
A handyman business is sellable when its comes from repeat customers and accounts rather than from the owner’s own hands.