N-Hance

Wood floor & cabinet renewal systems

Background

Founded: 2001 Franchising since: 2003
Address:
1530 N. 1000 West
Logan, Utah 84321
Phone:
(866)642-6231


Franchisor is a privately-held company with 70 employee(s); 7 employee(s) in franchise department.

Franchise Units
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2009 161 1 0 0
2008 147 0 0 0
2007 134 0 0 0
2006 129 0 0 0

Where Seeking Franchisees
Nationwide
Outside the U.S.: Canada

Exclusive territories available.
Territory size: 200,000-300,000 population

Costs and Fees

Total investment: $32,850 - $115,450
Franchise fee: $26,500 - $41,500
Ongoing royalty fee: $220-660/mo.
Term of agreement: 5 years, renewable


Type of Financing Available
In-House Third Party
Franchise Fee Yes No
Startup Costs No No
Equipment Yes No
Inventory Yes No
Accounts Receivable No No
Payroll No No

Qualifications
Net worth requirement: $27,500 - $90,700
Cash liquidity requirement: $10,000

Operations
  • Franchise can be run from home
  • 50% of all franchisees own more than one unit
  • Number of employees needed to run franchised unit: 2
  • Absentee ownership of franchise is NOT allowed. (99% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 1 week
  • At franchisee's location: As needed

Ongoing Support
  • Newsletter
  • Meetings
  • Toll-free phone line
  • Internet

Marketing Support
  • Ad slicks

Rankings

Franchise 500® rank:
#227 (2010); #269 (2009); #225 (2008); #194 (2007); #398 (2006);

Fastest-Growing Franchises:
#61 (2007);

Low-Cost Franchises:
#54 (2010); #58 (2009); #47 (2008); #44 (2007);

Top New Ranking:
#10 (2008); #8 (2007); #30 (2006);

Top Homebased Franchises:
#64 (2010); #71 (2009); #54 (2008); #54 (2007);

America's Top Global Franchises:
#172 (2010);


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