- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$71K - $192K
- Units as of 2023
-
378 30% over 3 years
N-Hance Wood Refinishing is one of the leading companies for refinishing furniture, cabinets, hardwood floors, and other wood renewal, with nearly 400 franchises across the United States and Canada. Established in 2001 and franchising beginning in 2003, N-Hance Wood Refinishing has a successful business model. The company uses proprietary products and patented technology to provide customers with high-quality services at a fraction of the market's cost and in a faction of the time of a typical remodeling project.
N-Hance Wood Refinishing has built a national reputation and is one of the more recognizable home remodeling franchises in North America.
Why You May Want to Start an N-Hance Wood Refinishing Franchise
Many times in the past decade, N-Hance Wood Refinishing has been ranked in Entrepreneur’s Franchise 500. This ranking is based on an evaluation of more than 150 data points that include areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.
Since its establishment, N-Hance Wood Refinishing has created a trustworthy reputation because of its affordable cabinet and floor refinishing costs. Even if you don't have any wood refinishing or home improvement experience, the company has a training program and gives franchisees the tools and guidance to get them operating quickly. N-Hance Wood Refinishing offers in-person training, online courses, a full year of marketing support, and a dedicated Quick Start coach.
What Might Make Opening a N-Hance Wood Refinishing Franchise a Good Choice?
To be part of the N-Hance Wood Refinishing team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. You should also prepare yourself for ongoing fees that will include a flat fee royalty and advertising contribution. Franchisees will also need to meet the company's set liquid capital requirements.
N-Hance Wood Refinishing offers in-house financing for the franchise fee, equipment, and inventory. They have also partnered with third-party sources to offer additional financing.
How to Open an N-Hance Wood Refinishing Franchise
Starting an N-Hance Wood Refinishing franchise is generally a straightforward and streamlined process. As part of that process, franchisees are able to speak to one of the company's development directors. This is a great opportunity to ask questions, learn more about the brand and process, and see if you're a good fit for the franchise. If you qualify, they review a detailed web presentation outlining what the company does, and how it functions.
The company likes to put potential franchisees in contact with existing owners to talk about the business and the culture of N-Hance Wood Refinishing franchises. They hold a "Meet the Team Day" at their corporate headquarters in Logan, Utah to help you create a viable business plan and arrange financing for your franchise.
Among the final steps of becoming an N-Hance Wood Refinishing franchise owner is to speak directly with the company's leadership at the Meet the Team Day. They will answer all the questions you have regarding the business, which can be really helpful for first-time franchisees.
Once you take the necessary steps to own a N-Hance Wood Refinishing franchise, there's a multi-day training course at their headquarters in Logan, Utah. They teach you all the tricks of the trade, helping you to understand and overcome the challenges to running your own business. Submit an inquiry form today and carve out your future with N-Hance Wood Refinishing!
Company Overview
About N-Hance Wood Refinishing
Industry | Home Improvement |
---|---|
Related Categories | Miscellaneous Home-Improvement Businesses, Wood Refinishing, Building & Remodeling, Home Repairs/Handyman Services, Building Services |
Founded | 2001 |
Parent Company | Belfor Franchise Group |
Leadership | Kelly Jensen, President |
Corporate Address |
3310 West End, #620 Nashville, TN 37203 |
Social | Facebook, Twitter, LinkedIn, Instagram, YouTube, Pinterest |
Business Overview
Franchising Since | 2003 (21 years) |
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# of employees at HQ | 30 |
Where seeking |
This company is offering new franchises throughout the US. This company is offering new franchises worldwide. |
# of Units | 378 (as of 2023) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a N-Hance Wood Refinishing franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee
|
$22,500 - $45,000 |
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Initial Investment
|
$70,700 - $192,000 |
Net Worth Requirement
|
$70,000 - $90,000 |
Cash Requirement
|
$50,000 - $90,000 |
Veteran Incentives
|
$2,500 off first-unit franchise fee |
Royalty Fee
|
$220-$825/mo. |
Ad Royalty Fee
|
$118-$235/mo. |
Term of Agreement
|
5 years |
Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
In-House Financing | N-Hance Wood Refinishing offers in-house financing to cover the following: franchise fee, equipment, inventory |
---|---|
Third Party Financing | N-Hance Wood Refinishing has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory |
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
On-The-Job Training | 45-55 hours |
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Classroom Training | 8-18 hours |
Ongoing Support |
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Field Operations
Proprietary Software
Franchisee Intranet Platform
|
Marketing Support |
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | No |
---|---|
Can this franchise be run from home/mobile unit?
|
Yes |
Can this franchise be run part time?
|
No |
# of employees required to run | 2 |
Are exclusive territories available?
|
Yes |
Franchise 500 Ranking History
Compare where N-Hance Wood Refinishing landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where N-Hance Wood Refinishing ranked on other franchise lists? Find out below.
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