Is Owning a Handyman Contractor Business Profitable?
- Nate Jones, CPCU, ARM, CLCS, AU
- Sep 18
- 3 min read
If you're considering starting a handyman contractor business, one of the most important questions is: “Can I actually make money doing this?” The answer is yes—owning a handyman business can be highly profitable, especially when you specialize, manage your operations efficiently, and protect your business with the right insurance.
At Wexford Insurance, we work with handyman contractors across the country to help them secure tailored insurance coverage for their unique services. Whether you’re just starting out or scaling your operations, understanding the profitability potential of your handyman business is key to long-term success.
💼 What Makes a Handyman Business Profitable?
1. Low Startup Costs
Unlike other trades that require expensive machinery or large crews, handyman businesses can start lean. With basic tools, a reliable vehicle, and a few licenses, you can begin offering services quickly.
No need for a storefront or office space
Minimal inventory or material costs
Flexible service offerings based on your skillset
🔗 Explore startup cost calculation with SBA Business Guide
2. High Demand Across Residential and Commercial Markets
Homeowners, landlords, property managers, and small businesses all need reliable contractors for repairs and maintenance. Services like:
Plumbing
Bathroom and kitchen remodeling
Painting
Carpentry
Window and door installation
Flooring repair
…are always in demand. You can also specialize in niche services to command higher rates.
🔗 Check industry trends with National Association of Home Builders (NAHB)
3. Flexible Pricing Models
Handyman contractors can charge hourly, per project, or offer service packages. Depending on your location and specialization, you can earn:
$50–$100+ per hour for general services
$1,000–$10,000+ per project for remodeling or renovation jobs
Recurring monthly income from property maintenance contracts
📊 Realistic Profit Potential
Here’s a simplified breakdown of potential earnings:
Service Type | Avg. Rate | Jobs/Week | Monthly Revenue |
General Repairs | $75/hr | 20 hrs | $6,000 |
Bathroom Remodels | $5,000 | 2 jobs | $10,000 |
Painting & Carpentry | $1,500 | 4 jobs | $6,000 |
Annual revenue potential: $75,000–$150,000+ depending on your service mix, location, and business model.
⚠️ Challenges to Consider
While the earning potential is strong, there are challenges that can impact profitability:
1. Licensing and Regulations
Some states require specific licenses for plumbing, electrical, or remodeling work. Failing to comply can result in fines or lost contracts.
2. Competition
The handyman market can be saturated in some areas. To stand out, you’ll need:
Strong branding
Excellent customer service
Online visibility and reviews
3. Seasonal Fluctuations
Demand may dip during holidays or extreme weather. Diversifying your services can help maintain steady income.
4. Tool and Vehicle Maintenance
Breakdowns can delay jobs and cost money. Investing in quality equipment and regular maintenance is essential.
5. Risk Exposure
Without proper insurance, a single accident or damage claim can be financially devastating.
🛡️ Insurance: Protecting Your Profitability
At Wexford Insurance, we help handyman contractors find insurance programs that protect their income and reputation. The right coverage allows you to take on bigger jobs, meet client requirements, and avoid costly liabilities.
General Liability Insurance – Covers property damage and bodily injury claims.
Commercial Auto Insurance – Protects vehicles used for transporting tools and materials.
Commercial Property Insurance – Covers your office, workshop, or storage space.
Equipment Insurance – Protects your tools and gear from theft or damage.
Workers Compensation Insurance – Required if you have employees.
📈 Tips to Maximize Profitability
Specialize in high-margin services like bathroom remodeling or carpentry
Offer maintenance contracts to property managers for recurring income
Use job management software to streamline scheduling and invoicing
Collect reviews and referrals to build trust and attract new clients
Track expenses and cash flow to avoid overspending and improve margins
🔗 Try Jobber for handyman business management
Final Thoughts
Yes—owning a handyman contractor business can be profitable, especially when you specialize, market effectively, and protect your business with the right insurance. With low overhead and high demand, it’s a great opportunity for skilled professionals looking to build a flexible and rewarding career.
If you're launching or growing your handyman business and need insurance, contact Wexford Insurance today. We specialize in handyman contractor insurance and can help you get the coverage you need to operate with confidence.
