Handyman Business Plan Template
Created by:
[Sender.FirstName][Sender.LastName]
[Sender.Company]
Prepared for:
[Recipient.FirstName][Recipient.LastName]
[Recipient.Company]
Executive Summary
[Sender.Company] is a new handyman business located in [Sender.StreetAddress][Sender.City][Sender.State][Sender.PostalCode] (Enter business location).
The company offers various residential handyman services, including plumbing, drywall service, carpentry, and door and window repair.
[Sender.City] will provide local residents and homeowners with a variety of services to help keep their homes in perfect condition. Some of these services include:
Plumbing
Painting
Door and window repair
(Add service)
[Sender.Company] will primarily serve the residents and homeowners of (Enter business location) and the surrounding area. The demographics of these customers are as follows:
85,235 residents
45% married
25% with children under 18
75% homeowners
Median age of 33
These demographics serve our company well. With such a large population of homeowners, many residents will need a local handyman to keep their homes in perfect condition.
Business Description
[Sender.Company] strives to be the best handyman service in the area that residents can trust for all of their home projects.
[Sender.Company] is led by [Sender.FirstName][Sender.LastName], who has been a handyman for (Enter number) years.
Since incorporation, the company has achieved the following milestones:
Found a commercial space and signed a Letter of Intent to lease it.
Developed the company’s name, logo, and website located at (website).
Planned the suite of services to be offered.
Determined equipment, supplies, and materials needed.
Begun recruiting key employees and experienced handymen
Mission Statement
Goals
The following are a series of steps that lead to our vision of long-term success. [Sender.Company] expects to achieve the following milestones in the following (Enter number) months:
Date | Milestone |
|---|---|
(MM/DD/YY) | Finalize lease agreement |
(MM/DD/YY) | Design and build out [Sender.Company] office |
(MM/DD/YY) | Hire and train initial staff |
(MM/DD/YY) | Kickoff of the promotional campaign |
(MM/DD/YY) | Reach break-even |
Audience
[Sender.Company] will primarily serve the residents and homeowners of (Enter business location) and the surrounding area. The demographics of these customers are as follows:
85,235 residents
45% married
25% with children under 18
75% homeowners
Median age of 33
Strengths
(List the strengths that make your business unique)
Services
[Sender.Company] will provide local residents and homeowners with a variety of services to help keep their homes in perfect condition. Some of these services include:
Plumbing
Painting
Door and window repair
Floor repair
Drywall installation and repair
(Add service)
Marketing Plan
[Sender.Company] seeks to position itself as a high-quality, friendly, and convenient handyman business.
The [Sender.Company] Brand
The [Sender.Company] brand will focus on the company’s unique value proposition:
Client-focused installation and repair services, where the company’s interests are aligned with the customer.
Service is built on long-term relationships and personal attention.
Promotions Strategy
[Sender.Company] expects its target market to be individuals within a 10-mile radius of its location. [Sender.Company]’s promotion strategy to reach these potential customers includes:
Referrals
Website/SEO
Social Media
Publications
Direct Mail
Billboards
Pricing Strategy
The pricing will be determined by the materials needed and the amount of labor required to finish the job. Pricing will be moderate and less expensive than our competitors but more expensive than lower-quality, efficiency-driven handyman and repair businesses.
Operations Plan
Functional Roles
[Sender.Company] will need to fulfill the following functional roles to execute its business plan and ensure the company’s success:
Service Functions
Installation services
Repair services
Customer service
(Add function)
Administrative Functions
Social media management
Website management
(Add function)
Management Organization
[Sender.Company] is led by [Sender.FirstName][Sender.LastName], who has been a handyman for (Enter number) years. Throughout this time, he has worked on a variety of installation and repair services, both while employed by local handyman businesses and while operating alone.
Hiring Plan
[Sender.FirstName][Sender.LastName] will serve as the Owner and Manager of [Sender.Company]. In order to launch, he needs to hire the following personnel:
Assistant Managers (1 to start)
Administrative Staff (1 to start)
Handymen (2 to start)
Financial Plan
Annual Income / Profit/Loss Statement
Income Statement / Profit/Loss Statement | |||||
|---|---|---|---|---|---|
| Year 1 | Year 2 | Year 3 | Year 4 | Year 5 |
Total revenue: | | | | | |
Cost of services sold: | | | | | |
Gross profit: | | | | | |
Operating income: Interest expense | | | | | |
Pretax income: Taxes: | | | | | |
Net income: | | | | | |
Cash Flow Statement
Cash Flow Statement | |||
|---|---|---|---|
| Jan ‘23 | Feb ‘23 | Mar ‘23 |
Starting cash balance: | | | |
Cash received: Cash from operations: Cash from sales: | | | |
Subtotal cash received: | | | |
Additional cash received: (List sources) | | | |
Subtotal additional cash received: | | | |
Total cash received: | | | |
Expenditures: (List all expenditures) | | | |
Total cash spent: | | | |
| | | |
Net cash flow: | | | |
Ending cash balance: | | | |
Balance Sheet
Assets and Liabilities | |||||
|---|---|---|---|---|---|
Current Assets: | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 |
Cash | | | | | |
Accounts receivable | | | | | |
Inventory | | | | | |
Prepaid expenses | | | | | |
| | | | | |
Fixed Assets: | | | | | |
(List all) | | | | | |
| | | | | |
| | | | | |
Total Assets: | | | | | |
| | | | | |
Liabilities | | | | | |
(List all) | | | | | |
| | | | | |
| | | | | |
Total Liabilities: | | | | | |
| | | | | |
Equity | | | | | |
(List all) | | | | | |
| | | | | |
| | | | | |
Total Equity: | | | | | |
Funding Requirements
Funding Requirements | |
|---|---|
Required for: | Value: |
| |
| |
| |
Confidentiality Statement
The confidential information and trade secrets described above shall remain the exclusive property of the Company and shall not be shared or removed from the premises of the Company under any circumstances whatsoever without the express prior written consent of the handyman business.
Addendums
Please find listed below any additional addendums related to [Sender.Company]:
(Add any relevant addendums)
[Recipient.Company]
[Recipient.FirstName][Recipient.LastName]
[Sender.Company]
[Sender.FirstName][Sender.LastName]
