Start a Kitchen Wise & Closet Wise Franchise in 2024

Franchise 500 Rank: N/R Not ranked last year

Initial investment: $108K - $147K

Units as of 2024: 6 53% over 3 years

Kitchen Wise, founded in 2016, is a home improvement company located in the United States. Kitchen Wise offers intelligent storage solutions for kitchens, bathrooms, pantries, and closets. Kitchen Wise is committed to providing quality, affordable, and advanced storage solutions to everyone.

Since beginning to franchise in 2017, Kitchen Wise has opened multiple locations and is actively seeking to continue to expand.

Why You May Want To Start a Kitchen Wise Franchise

Opening a Kitchen Wise franchise may mean you are part of a disciplined and excellent home renovation company. Kitchen Wise offers intelligent custom solutions that maximize space. Their priority is to provide an outstanding design and high-quality hardware while striving to provide excellent services and products.

A Kitchen Wise franchise may be a fantastic opportunity to offer people in your community more functional and beautiful storage spaces. Their commitment to intelligent and efficient designs may make them a customer-focused company. With a Kitchen Wise franchise, you could be part of a company that helps build the community by elevating the spaces around them.

Kitchen Wise offers its franchisees support and training throughout the entire franchising process. At Kitchen Wise, you get to be your own boss and be surrounded by an excellent community. The parent company is dedicated to helping their franchisees grow their location and provides every resource for you to do so.

What Might Make a Kitchen Wise Franchise a Good Choice?

Kitchen Wise believes it has carved out a niche for itself in intelligent storage space design, a sub-industry with little competition, providing you with the opportunity to build a growing business. Kitchen Wise may offer a unique franchising opportunity since your franchise can be home-based, and you do not need any experience to open your franchise.

The perfect candidate for a Kitchen Wise franchise is passionate about business, renovation, and the local community. You do not need to complete the renovation work yourself, but you need the skills to drive your team and oversee all Kitchen Wise projects.

Opening a Kitchen Wise franchise may offer a more predictable outcome than investing in a completely new brand that could struggle to thrive in an already crowded and competitive industry.

How To Open a Kitchen Wise Franchise

To be part of the Kitchen Wise team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.

Before making any financial commitment or signing an agreement with Kitchen Wise, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the Kitchen Wise franchising team questions.

As you decide if opening a Kitchen Wise franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a Kitchen Wise franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.

Company Overview

About Kitchen Wise & Closet Wise

Industry	Home Improvement
Related Categories	Organization/Storage Systems, Miscellaneous Home-Improvement Businesses
Founded	2016
Parent Company	Premium Service Brands
Leadership	Paul Flick, CEO
Corporate Address	126 Garrett St., #J Charlottesville, VA 22902
Social	Facebook, LinkedIn, Instagram, YouTube, Pinterest

Business Overview

Franchising Since	2017 (7 years)
# of employees at HQ	41
Where seeking	This company is offering new franchises in the following US states: Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Missouri, Mississippi, Montana, North Carolina, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming This company is offering new franchises in the following international regions: Canada
# of Units	6 (as of 2024)

Information for Franchisees

Here's what you need to know if you're interested in opening a Kitchen Wise & Closet Wise 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 Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$65,000
Initial Investment Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$108,100 - $147,000
Net Worth Requirement Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.	$100,000 - $200,000
Cash Requirement Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.	$50,000
Veteran Incentives Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.	10% off franchise fee
Royalty Fee Definition: A ongoing fee paid to the franchisor on a regular basis. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	6%
Ad Royalty Fee Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.	2%
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	10 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.

Third Party Financing	Kitchen Wise & Closet Wise has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

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	4 hours
Classroom Training	76 hours
Ongoing Support	Newsletter Meetings & Conventions Toll-Free Line Grand Opening Online Support Security & Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform
Marketing Support	Ad Templates 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? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	Yes
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	Yes
Are exclusive territories available? Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	Yes