Signing out of account, Standby...
- 2022 Franchise 500 Rank
N/R Not ranked last year
- Initial investment
$129K - $190K
- Units as of 2020
66 112.9% over 3 years
Here’s what you need to know if you’re interested in opening a Refresh Renovations franchise.
Refresh Renovations was founded in 2009 and operates in the United States, United Kingdom, Australia, and New Zealand. The company may be known for its home renovations and commitment to offering affordable and low-stress systems and processes.
The main idea of Refresh Renovations came from the wish to offer homeowners an efficient solution to their home renovations. Refresh Renovations’ specialists may take care of all the steps of the renovation process, which includes council consents, design, scheduling, costings, decorating, and construction.
Refresh Renovations may provide customers with trained professionals and experts in the renovation industry. Services offered include design and planning home-wide, kitchen and bathroom renovations, roof extensions, home office creation, additions and extensions, garage conversions, indoor-outdoor flow, loft room conversions, outdoor renovations, sunroom additions, heating, and air conditioning.
Refresh Renovations began franchising in 2010 and has expanded into the international market, while also having several locations in the United States.
Why You May Want To Start a Refresh Renovations Franchise
To open a Refresh Renovations franchise, a franchisee may not need any experience in the residential renovation field. Franchisees can hire workers to complete the renovations while operating the business from a managerial aspect.
If awarded a franchise, franchisees may receive a great deal of support from the Refresh Renovations brand throughout the franchising process. In addition to pre-opening training, franchisees receive support through brand awareness, marketing, research, and construction. They also receive hands-on training and continued support after their franchise location has opened.
What Might Make a Refresh Renovations Franchise a Good Choice?
Refresh Renovation franchisees may have market potential, strong customer service offered by the Refresh Renovations corporate team, a custom-designed cloud-based IT system, and powerful marketing and branding.
Opening a Refresh Renovations franchise could offer a more predictable outcome than investing in a completely new brand that may struggle to thrive in an already crowded and competitive industry.
To be part of the Refresh Renovations team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company’s set net worth and liquid capital requirements.
How To Open a Refresh Renovations Franchise
Before making any financial commitment or signing an agreement with the Refresh Renovations franchise, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the Refresh Renovations franchising team questions.
As you decide if opening a Refresh Renovations franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a Refresh Renovations franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.
About Refresh Renovations
- Franchising Since
- 2010 (12 years)
- # of employees at HQ
- Where seeking
This company is seeking new franchisees in the following US states:
This company is seeking new franchisees in the following international regions:
- # of Units
- 66 (as of 2020)
- Corporate Address
415 S. Florida Blanca St.
Pensacola, FL 32502
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Refresh Renovations 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
Definition: The initial fee paid to a franchisor to join their system
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
- Initial Investment
- $128,927 - $189,977
Definition: The total amount necessary to begin operation of the franchise
What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.
- Net Worth Requirement
Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company
What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.
- Cash Requirement
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
- Veteran Incentives
- 5% off franchise fee
Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.
- Royalty Fee
Definition: A ongoing fee paid to the franchisor on a regular basis.
What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.
- Ad Royalty Fee
Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts.
What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.
- Term of Agreement
- 10 years
Definition: The length of time your franchise agreement will last.
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
- Is franchise term renewable?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- Third Party Financing
- Refresh Renovations has relationships with third-party sources which offer financing to cover the following: franchise fee
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- On-The-Job Training
- 14-29 hours
- Classroom Training
- 21-28 hours
- Additional Training
- Ongoing Support
Purchasing Co-opsNewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail Marketing
Additional details about running this franchise.
- Is absentee ownership allowed?
Definition: Absentee ownership means that the franchisee does not actively work in the franchise business or manage day-to-day operations.
- Can this franchise be run from home/mobile unit?
Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.
- Can this franchise be run part time?
Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.
- # of employees required to run
- Are exclusive territories available?
Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened.
What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.
Work with a free franchise expert and get what you need to start a Refresh Renovations franchise.
Are you eager to see what else is out there? Browse more franchises that are similar to Refresh Renovations.
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