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N-Hance

2014 Franchise 500
#134
At a Glance

Products & Services: Wood floor and cabinet refinishing

Number of Locations: 347

Total Investment: $24.3K - $131.97K

Founded: 2001

Began Franchising: 2003

About N-Hance

N-Hance is a wood refinishing franchise that uses a proprietary refinishing process and product line that requires no sanding and uses an instant-curing U.V. process for hardwood floors and kitchen cabinets.

Franchise Units

Year U.S. Canadian International Company Owned
2014 330 17 0 0
2013 269 18 0 0
2012 201 17 0 0
2011 192 11 0 0
2010 192 5 0 0
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S. and Canada.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $24,300 - $131,980
Franchise Fee: $15,000 - $53,080
Ongoing Royalty Fee: $336-673/mo.
Term of Franchise Agreement: 5 years, renewable
Veteran Incentives: 10% off franchise-fee down payment
Financial Requirements
Net Worth: $15,000
Liquid Cash Available: $15,000
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).
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

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,

Franchise Ranking History

Franchise 500®: #134 (2014), #165 (2013), #175 (2012), #150 (2011), #227 (2010),
Fastest-Growing: #40 (2014), #60 (2011),
Low-Cost: #25 (2014), #22 (2013), #26 (2012), #30 (2011), #54 (2010),
Top Home-Based: #31 (2014), #34 (2013), #38 (2012), #42 (2011), #64 (2010),
America's Top Global: #142 (2014), #143 (2013), #139 (2012), #121 (2011), #172 (2010),