For Service Brands International, the economic downturn hasn’t been a bad thing.
Its household brands Molly Maid, Mr. Handyman and 1-800-DryClean had combined growth of 5 percent in 2008, a level President and COO John McDonald projects they’ll see again this year.
While some families have decided to pass on contracted cleaning and handyman services as the economy has cooled, a greater number are now seeking those services, he said.
“A lot of single working families have become dual working families. Having both people back in the workforce increases the need for these kinds of home services,†McDonald said.
Also a positive for Ann Arbor-based Service Brands is the rising unemployment, which yields an improved talent pool for its household services brands and for potential franchisees, he said. More.