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Franchising in the Handyman Industry
Manage episode 466113460 series 3458165
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Company Stats
- Revenue:
- San Diego location: $1.2 million in year one, projected $1.4 million in year two.
- East Bay location: $498,000 in year one, projected $1.2 million in year two.
- Employees: 100+
- Founded: March 2005.
Episode Highlights
✅ The handyman business offers strong cash flow and a low barrier to entry, making it a scalable opportunity for aspiring entrepreneurs.
✅ Franchisees benefit from a global marketing machine that reduces lead costs and increases service rates, leading to higher profitability.
✅ A franchise model provides aspiring entrepreneurs with proven systems, support, and a higher success rate compared to independent startups.
Episode Summary
In this episode, Sergei Kaminskiy, CEO of Kaminskiy Group, discusses the evolution of his business from a small handyman service to a multi-division company, including a thriving franchise model with Care and Repair. Starting with just $70 in his bank account and a handful of flyers, Sergei grew his business into a multi-million dollar enterprise. The Care and Repair franchise system offers aspiring entrepreneurs an accessible entry point with low startup costs and comprehensive support, including marketing, administrative services, and operational guidance.
Sergei highlights the advantages of franchising in the handyman industry, emphasizing how their robust systems allow franchisees to operate efficiently, attract clients, and scale their businesses quickly. With locations in San Diego and East Bay already thriving, the company is expanding across North America with a long-term goal of global reach. Sergei's passion for helping others achieve entrepreneurial success drives the mission of Care and Repair to empower more individuals to own successful businesses with minimal risk.
Notable Questions We Asked
Q: What inspired you to franchise Care and Repair?
A: A close friend's interest in the business made me realize the potential to share my systems and help others build successful handyman businesses.
Q: What are the biggest challenges independent handymen face?
A: High lead costs, competition from multiple contractors, and the struggle to maintain consistent business flow without a strong brand and systems in place.
Q: How much capital is needed to start a Care and Repair franchise?
A: The total investment is under $100,000, with financing options available, requiring only a $20,000 down payment.
Q: What makes Care and Repair different from other handyman services?
A: Our franchisees receive full support, including marketing, lead generation, administrative assistance, and operational training, allowing them to focus on service delivery.
Q: Why should entrepreneurs consider franchising instead of starting from scratch?
A: Franchising offers a proven system with a higher success rate, reducing the risks and challenges that come with starting an independent business.
Chapters
00:00 Intro
00:19 Company Stats
01:34 The Humble Beginnings
02:23 Expansion and Diversification
04:18 Franchise Model and Benefits
08:03 Empowering Entrepreneurs
11:16 Connect with Kaminskiy
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#HomeImprovement #FranchiseBusiness #Entrepreneurship #HandymanServices #BusinessGrowth #SmallBusinessSuccess #ConstructionIndustry #FranchiseOpportunities #PassiveIncome #ScalingABusiness
300 episodes
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