- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$49K - $78K
- Units as of 2015
-
8
Company Overview
About RedRhino
| Industry | Home Improvement |
|---|---|
| Related Categories | Miscellaneous Home-Improvement Businesses, Miscellaneous Services |
| Founded | 2006 |
| Leadership | michael kenealy, CEO |
| Corporate Address |
929 E. Second St., #108 Los Angeles, CA 90012 |
Business Overview
| Franchising Since | 2011 (13 years) |
|---|---|
| # of Units | 8 (as of 2015) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a RedRhino 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
|
$35,000 |
|---|---|
|
Initial Investment
|
$48,800 - $78,425 |
|
Cash Requirement
|
$50,000 |
|
Veteran Incentives
|
20% off franchise fee |
|
Royalty Fee
|
8% |
| Is franchise term renewable? | No |
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 | RedRhino offers in-house financing to cover the following: franchise fee |
|---|---|
| Third Party Financing | RedRhino has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
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 |
|
Are exclusive territories available?
|
Yes |
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