• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Menu
  • Home
  • About
    • About Franchise Chatter
    • Contact
    • Privacy Policy
    • Terms of Service
    • Affiliate Disclosures
  • Subscribers Hub
    • Login
    • New to Franchise Chatter? Start Here
    • America’s Most Lucrative Franchises
    • Franchises Ranked by Average Revenues
    • Franchises Ranked by Average Profits
    • Franchise Winners, Survivors and Losers Last Year
    • FDD Talk
    • Search by Name
  • Top Franchises
  • Franchise Earnings
  • Costs
  • Fees
  • Quiz
  • Search

15 Substantial Fees Every Ace Handyman Services Franchisee Needs to Know About

Last updated on August 18, 2023 by Franchise Chatter Leave a Comment
in Franchise Fees, Home Repairs Franchise



Learn Which Franchises Can Make You Rich

Detailed Information on Ace Handyman Services’ Initial Franchise Fee, Royalty Fee + 13 Other Fees (Items 5 and 6, 2023 FDD)

1.  Initial Franchise Fee:  $70,000 for up to 70,000 households; $1.00 for each additional household over 70,000; for a Mini Ace Handyman Services Business, $35,000 for up to 35,000 households; $1.00 for each additional household over 35,000

  • The Initial Franchise Fee for a single Ace Handyman Services Business franchise is $70,000 for a Territory size of up to 70,000 households. If your actual Territory size exceeds 70,000 households, the Initial Franchise Fee is increased $1.00 for each additional household located in the Territory, up to a maximum Territory size of 100,000 households.
  • On occasion, Ace Handyman Services has, and may continue to, negotiate a reduced Initial Franchise Fee for people acquiring more than five Territories at the same time.
  • If, with Ace Handyman Services consent, you acquire a Mini Ace Handyman Services Business, the Initial Franchise Fee is $35,000 for a Territory size of up to 35,000 households. If your actual Territory size exceeds 35,000 households, the Initial Franchise Fee is increased $1.00 for each additional household located in the Territory, up to a maximum Territory size of 45,000 households.
  • All Territories include the businesses in the Territory.
  • If you acquire multiple Territories, you will sign a separate Franchise Agreement and pay the Initial Franchise Fee for each Territory you acquire.
  • Ace Handyman Services is a member of the International Franchise Association’s VetFran initiative. If you have served as a veteran of any branch of the United States Armed Forces and received an honorable discharge, you may receive a discount of $7,000 off of the Initial Franchise Fee for the first Franchise Agreement you sign.

2.  Royalty Fee:  6% of your actual Gross Revenues of the previous month, subject to annual reconciliation based on your Minimum Annual Gross Revenues requirements

  • Due Date:  Payable monthly on the 23rd day of the month (or shortly thereafter if paid by EFT) based on the prior month’s Gross Revenues.
  • You must meet certain Minimum Annual Gross Revenues requirements.

3.  National Brand Fee:  2% of your actual Gross Revenues, subject to annual reconciliation based on your Minimum Annual Gross Revenues requirements

America's Most Lucrative Franchises of the Year
  • Due Date:  Payable monthly with the Royalty Fee based on the prior month’s Gross Revenues.
  • You must meet certain Minimum Annual Gross Revenues requirements.

4.  Software and Internet Fees:  currently $499 per month, but may be changed by Ace Handyman Services upon 30 days’ notice

  • Due Date:  Payable on the 1st of each month for that month, beginning in the first full calendar month after you commence operations.
  • For use of Ace Handyman Services’ scheduling software, e-mail, location website, online marketing services, for Ace Handyman Services’ expenses associated with maintenance of its e-mail and Intranet sites, and for the website development, search engine optimization, and related online marketing services provided by Ace Handyman Services’ designated suppliers.

5.  Minimum Individual Marketing Expenditure:  $30,000 from your third full month through the end of your first year of operations, $40,000 in your second year of operations, and $50,000 for each subsequent year; for a Mini Ace Handyman Services Business, $15,000 from your third full month through the end of your first year of operations, $20,000 in your second year of operations, and $25,000 for each subsequent year.

  • Due Date:  As incurred.
  • You must spend a minimum amount on local marketing on an annual basis.

6.  Meeting and Convention Fees:  if you do not attend: $1,500 per meeting; if you attend but do not stay at the designated hotel or do not stay for the entire meeting or convention: $750 per meeting

  • Due Date:  As incurred.

7.  Transfer Fee:  $10,000. There is no Transfer Fee for a transfer to a business entity wholly-owned by franchisee, and the Transfer Fee is reduced to $3,500 for transfers to a family member.

  • Due Date:  Before acceptance of transfer.
  • Payable before you transfer your franchise.
  • You will also be required to pay additional fees to outside franchise brokers or to Ace Handyman Services if it, or its resources, finds the buyer for you.

8.  Audit Fee:  cost of audit


🎯Find Good Franchises That Are Still AVAILABLE in Your Target Area (Free Tool)



🚀How to Find, Vet & FUND a Good Franchise. Watch Our Webinar Live or the Recording Later (Register Now – It's Free)



💰How Much Franchise Can You AFFORD? Use Our Free Financial Calculator


  • Due Date:  Upon completion of audit and determination of amounts due.
  • You also pay the cost of the audit if audit shows an understatement of at least 2% of Gross Revenues during the audit period.
  • Any amounts unpaid, unreported, or underreported must be paid in full, with a late fee of 18% interest per annum.

9.  Returned Electronic Funds Transfer Fee:  $100

  • Due Date:  Upon notice.
  • This fee is imposed when an Electronic Funds Transfer transaction is not honored, in addition to any late fees and interest that may apply.

10.  Successor Franchise (Renewal) Fee:  $5,500

  • Due Date:  Upon execution of successor Franchise Agreement.
  • If you are in good standing, you may acquire a successor franchise after your initial term.

11.  Supplier Approval:  currently none. However, Ace Handyman Services reserves the right to charge a fee in the future.

  • Due Date:  As incurred.
  • If you request approval of a supplier, Ace Handyman Services may charge this fee. This only applies for those items for which Ace Handyman Services has previously designated an approved supplier.

12.  Additional Training:  Ace Handyman Services’ then-current rate. The rate as of the date of the current Disclosure Document is $55 per hour per person plus out-of-pocket expenses.

  • Due Date:  Payable within 30 days of date of invoice.
  • Ace Handyman Services provides opening training for free.

13.  Interest and Late Fees on Late Payments and/or Reports:  not to exceed 18% per annum on all amounts owed. Also, $75 per occurrence per late report or fee.

Franchises Ranked by Average Profits
  • Due Date:  Due upon payment of late fee or submittal of late report.
  • No amounts charged will exceed any legal limits or restrictions.

14.  Costs and Attorneys’ Fees:  will vary under circumstances

  • Due Date:  As incurred.
  • May be payable if you do not prevail in an action based on the Franchise Agreement.

15.  Indemnification:  will vary under circumstances

  • Due Date:  As incurred.
  • You will have to reimburse Ace Handyman Services if it is held liable for claims arising from your Ace Handyman Services Business.

🎯Find Good Franchises That Are Still AVAILABLE in Your Target Area (Free Tool)



🚀How to Find, Vet & FUND a Good Franchise. Watch Our Webinar Live or the Recording Later (Register Now – It's Free)



💰How Much Franchise Can You AFFORD? Use Our Free Financial Calculator





Franchise Winners and Losers Last Year

Tagged as: Ace Handyman Services

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Previous post: FDD Talk 2020: ZIPS Dry Cleaners Franchise Review (Financial Performance Analysis, Costs, Fees, and More)

Next post: How Much Is an Ace Handyman Services Franchise? (Detailed Franchise Costs)

Primary Sidebar

🏆The Very Best of Franchise Chatter

💰 America’s Most Lucrative Franchises of the Year

💰 Franchises Ranked by Average Revenues

💰 Franchises Ranked by Average Profits

💰 Franchise Winners, Survivors and Losers Last Year

⭐️ Every single FDD Talk review is written by me, a former UPS Store franchisee with an MBA from MIT.

🔐Subscribe Now

⚠️Buying a Franchise on Your Own Can Be Overwhelming

✅ Get the guidance and support you need every step of the way – from funding to franchisor introduction, due diligence, franchisee validation, discovery day, territory selection, and signing – from an experienced franchise broker at no cost to you.

✅ Fill out this form and a specialist from the Franchise Brokers Association will reach out to you.

🚀How to Find, Vet and FUND a Good Franchise (Webinar)

✅ Is Franchising a Path for You? – Oct. 6 (Fri.), 11 a.m. EST

✅ So You Want to Build an Empire? – Oct. 10 (Tues.), 4 p.m. EST

✅ Register Now to Get Free Access to Recordings of Both Webinars

Register Now

⭐️Franchise Chatter is reader-supported. We may receive a commission for leads generated from affiliate links and banners on our site.

As seen in:  New York Times, Bloomberg Businessweek, and CNBC

Login

Remember Me
Register | Lost your Password?
Reminder: Your username and password are case-sensitive.

Need help? Email franchisechatterblog@gmail.com

🏆Best Franchises by Industry

Best Franchises by Industry (All Lists)

Best Gym and Fitness Franchises

Best Pizza Franchises

Best Sandwich Franchises

Best Childcare Franchises

Best Ice Cream Franchises

Best Coffee Franchises

Best Hamburger Franchises

Best Salon and Beauty Franchises

Best Chicken Franchises

Best Smoothie and Juice Franchises

Best Maid Service Franchises

Best Mexican Restaurant Franchises

Best Massage Service Franchises

Best Tutoring Franchises

Best Auto Repair Franchises

Best Auto Oil Change Franchises

Best Asian Restaurant Franchises

Best Pet Franchises

Best Commercial Cleaning Franchises

Best Sports Bar Franchises

Best Baked Goods Franchises

Best Moving/Junk Removal Franchises

Best Mailbox Franchises

Best Apparel Retail Franchises

Best Senior Care Franchises

Best Restoration Franchises

Best Tech Franchises

Best Travel Agency Franchises

Best Trampoline Park Franchises

Best Tools Distribution Franchises

Best Property Management Franchises

Best Real Estate Franchises

Best Flooring Franchises

Best Acai Bowl Franchises

Best Poké Bowl Franchises

Best Donut Franchises

Best Kitchen and Bath Remodeling Franchises

Best Window Covering Franchises

Best Plumbing Franchises

Best Home Inspection Franchises

Best Garage Franchises

Best Barbershop Franchises

Best Laundromat Franchises

Best Storage Unit Franchises

Best Car Wash Service Franchises

🚀Daily FDD Talk Posts

McDonald’s Franchise

Wag N’ Wash Franchise

Massage Envy Franchise

AlphaGraphics Franchise

Waxing the City Franchise

Window Gang Franchise

Pokeworks Franchise

Rita’s Italian Ice Franchise

Auntie Anne’s Franchise

Fuzzy’s Taco Shop Franchise

Twin Peaks Franchise

The DRIPBaR Franchise

Hounds Town USA Franchise

Big Frog Custom T-Shirts & More Franchise

Home Helpers Franchise

Scooter’s Coffee Franchise

Mosquito Joe Franchise

Capriotti’s Franchise

Bonchon Franchise

Home Clean Heroes Franchise

LaundroLab Franchise

Kiddie Academy Franchise

Chick-fil-A Franchise

Planet Fitness Franchise

Ace Handyman Services Franchise

IMAGE Studios Franchise

Culver’s Franchise

Two Men and a Truck Franchise

Popeyes Louisiana Kitchen Franchise

Cabinet IQ Franchise

Screenmobile Franchise

Cold Stone Creamery Franchise

PJ’s Coffee of New Orleans Franchise

ZIPS Cleaners Franchise

The Goddard School Franchise

WaveMAX Laundry Franchise

Jamba Franchise

GameDay Men’s Health Franchise

Property Management Inc. Franchise

All Dry Services Franchise

Storm Guard Roofing and Construction Franchise

Papa Murphy’s Franchise

Wireless Zone Franchise

Domino’s Pizza Franchise

Assisting Hands Home Care Franchise

Fastest Labs Franchise

Units Moving and Portable Storage Franchise

Freddy’s Frozen Custard & Steakburgers Franchise

KFC Franchise

Synergy HomeCare Franchise

ShelfGenie Franchise

Noodles & Company Franchise

Franchise Chatter © 2023