With handyman businesses generating around $54,000 in annual revenue on average and a compound annual growth rate (cagr) of 16. 5% through 2033 , it’s easy to see why you might want to start a business in this field. The average homeowner spends $2,335 per year on home repairs, maintenance and insurance,
with the home improvement industry currently worth over $530 billion. More and more people are hiring handyman businesses to do their home repairs and maintenance as they do not have the time or skills to do it themselves. These stats show that there’s plenty of opportunity for new handyman businesses, but
before diving in, you’ll want to think carefully about the benefits and challenges.