N-Hance
Wood floor & cabinet renewal systemsBackground
Founded: 2001 Franchising since: 2003
Franchisor is a privately-held company with 70 employee(s); 7 employee(s) in franchise department.
Franchise Growth
Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Outside the U.S.: Canada
Exclusive territories available.
Territory size: 200,000-300,000 population
|
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 Growth
| 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 |
| 2005 | 67 | 0 | 0 | 0 |
Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Outside the U.S.: Canada
Exclusive territories available.
Territory size: 200,000-300,000 population
Costs and Fees
|
Total investment: $31.5K-115.2K Franchise fee: $26.3K-41.3K |
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: $27.5K-90.7K
Cash liquidity requirement: $10K
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
Ongoing Support
Marketing Support
- 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:
#269 (2009); #225 (2008); #194 (2007); #398 (2006);
Ranked #1 in category in:
2008; 2007;
Fastest-Growing Franchises:
#61 (2007); #82 (2005);
Low-Cost Franchises:
#58 (2009); #47 (2008); #44 (2007);
Top New Ranking:
#10 (2008); #8 (2007); #30 (2006);
Top Home Based Franchises:
#71 (2009); #54 (2008); #54 (2007);
#269 (2009); #225 (2008); #194 (2007); #398 (2006);
Ranked #1 in category in:
2008; 2007;
Fastest-Growing Franchises:
#61 (2007); #82 (2005);
Low-Cost Franchises:
#58 (2009); #47 (2008); #44 (2007);
Top New Ranking:
#10 (2008); #8 (2007); #30 (2006);
Top Home Based Franchises:
#71 (2009); #54 (2008); #54 (2007);