Is a Handyman Business Profitable in 2024?

Who Is A Handyman?

A handyman is a person who does a number of odd jobs such as repairs, home maintenance, home improvement, etc

Work That A Handyman Can Do Legally

Different states have different requirements for the kind of work a handyman can do. However, without a handyman license, a handyman can take jobs for under $1,000 only.

Cost To Start A Handyman Business

The cost to start a handyman business can vary depending on your scale of operation. However, on average you can start a handyman business for as low as $2,000 and $6,000.

Earnings of Self-Employed Handyman

A self-employed handyman or a handyman working solo without a team can expect to make an income of $51,000 to $110,000 per year on average.

Average Hourly Rate of a Handyman

The hourly rate of self-employed handyman is $50-$125/hour. And most handyman jobs cost between $65 and $1200, with the average being $390.

Pros of Handyman Business

– Low start-up cost – Low overhead expenses – Can be done part-time – Profitable – Flexibility – Specialized services – You are your own boss

Cons of Handyman Business

– Some work may be seasonal – Growth takes time – Licenses and permission

Is A Handyman Business Profitable?

To build a profitable handyman business, you only need relevant skills & a solid business plan. But by offering excellent service & customer satisfaction, you can achieve success in this business.