HOMEstretch provides home repair, maintenance, and handyman services for homeowners and property managers. The franchise delivers professional home improvement solutions.
Key Insights
- HOMEstretch began as a direct response to inefficiencies and limitations that existed in conventional service approaches, with founders committed to establishing superior alternatives that prioritize customer experience, operational excellence, and sustainable business growth through systematic improvement.
- Service customization addresses specific client requirements through flexible approaches and specialized expertise that adapt to unique project demands while maintaining consistent quality standards and professional service delivery that builds trust and long-term business relationships.
- Generational changes in consumer behavior drive innovation in service delivery and customer engagement methods, requiring businesses to adapt communication and service approaches while maintaining the quality and reliability that build long-term customer relationships.
Franchise Fee and Costs to Open
Exploring the financial picture of HOMEstretch gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $109,700 - $177,750, along with a franchise fee of $60,000 - $60,000.
Financial Performance and Revenue
Yearly gross sales of $1,471,891 and estimated earnings of $147,190 - $176,627 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 1.4-3.4 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
HOMEstretch provides comprehensive initial training for new franchisees. This immersive program, lasting two weeks, is conducted at HOMEstretch's headquarters. The franchisor offers a robust suite of resources, including operational manuals and marketing materials. HOMEstretch recommends leveraging these tools for a successful launch and ongoing business development.
Legal Considerations
Legal considerations for a HOMEstretch franchisee are defined by the Franchise Disclosure Document (FDD) and the Franchise Agreement. This franchise does not disclose lawsuits or bankruptcy information in its FDD, but prospective franchisees should still review all terms thoroughly. Consultation with a qualified attorney is essential before making commitments.
Challenges and Risks
A franchisee entering the HOMEstretch model might encounter considerations like a saturated local market for home goods, requiring a strong differentiation strategy. The operational complexity of managing inventory, staff, and customer service across various product categories presents a learning curve. Furthermore, reliance on specific, timely supply chains for diverse home furnishings could impact product availability and delivery schedules, necessitating robust inventory management and supplier relationships.
Franchise Datasheet
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