#375

Initial Investment

LOW: $44,300
HIGH: $69,625

Change in Units

0.0% 0 UNITS (1 Year)
+9.1% +3 UNITS (3 Years)

Promoted Opportunities

Company Profile

Founded

1993

Franchising Since

2001 (15 Years)

Corporate Address

2924 Emerywood Pkwy. Richmond, VA 23294

CEO

Chris Grandpre

About Renew Crew

As a partner in a fence installation business, Stan Krempges realized his customers needed a way to clean and protect their fences, decks and outdoor structures. So in 1993, he developed an environmentally-safe cleaner to remove dirt, mold and mildew from exterior wooden surfaces. Then he worked with coating chemists to develop an eco-friendly wood sealant to protect against moisture, dirt and sun damage. Krempges named his company Wood Re New and began franchising. In 2011, Wood Re New joined Outdoor Living Brands, which also franchises Archadeck, Outdoor Lighting Perspectives and Mosquito Squad. In 2012, the company began offer cleaning and protection services for non-wood outdoor surfaces, including siding, gutters, patios, driveways and sidewalks, and consequently, the franchise name was changed to Renew Crew.

Financials

Financial Requirements

Initial Investment

$44,300 - $69,625

Net-worth Requirement

$75,000

Liquid Cash Requirement

$40,000

Ongoing Fees

Initial Franchise Fee

$10,000 - $24,500

Ongoing Royalty Fee

$600-$1.8K/mo.

Ad Royalty Fee

$250-$550/mo.

Financing Options

Renew Crew offers in-house financing to cover the following: franchise fee

Renew Crew has relationships with third-party sources which offer financing to cover the following: 
startup costs, equipment, inventory

Veteran Incentives


$2,500 off franchise fee

Franchise 500® Rank History

  • 2014 - 383
  • 2015 - 352
  • 2016 - 375

* Not all years were ranked

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units in the following regions/states:
Franchisor is seeking new units in the following regions/states: See List

Operations & Franchisor Support

Training Onsite: 1 week

Training at headquarters: 1 week

Additional Training: Ongoing training as needed

Ongoing Support
Newsletter
Meetings
Toll-Free Line
Internet
Field Operations

Absentee Ownership Allowed

Number of employees required to run: 1

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: November 30th, 2015

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Previous Years Rankings

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