Industry Analysis & Industry Trends
Over the past five years, the Tradesman and Handyman Franchises industry has grown strongly. Industry operators are typically sole traders that perform of range of jobs such as gardening, building maintenance, plumbing, fencing and painting. Industry operators have benefited from the increasing number of consumers that lack both the time and skills to perform labour-intensive manual tasks around the home. As a result, the industry has grown at an annualised 3.2% over the five years through 2013-14 to total $881.9 million.
The steady rise in the number of households over the past five years has aided industry growth. As more households take up residence in new dwellings, demand for industry services to make alterations or perform maintenance work is likely to increase... purchase to read more
Industry Report - Starting a New Business Chapter
Barriers to entry in the industry are low and this trend has remained fairly steady over the past five years. Market share concentration in the industry is moderate, indicating that a number of relatively small franchises operate in the industry. In order to enter the industry, franchisees are required to pay franchisors an up-front entry fee, also known as a franchise fee. The franchisor is primarily the person or company that leases the rights to use the business name and existing systems to the franchisee. However, overall start-up costs to enter the industry as a tradesman and handyman franchise are relatively low, as labour costs are high and purchase expenses are generally passed on to customers... purchase to read more