2022 Franchise 500 Rank
N/R Not ranked last year
See the Full List
Initial investment
$86K - $178K
Units as of 2019
2 100.0% over 3 years

Company Overview

About RenuKrete

Industry
Home Improvement
Founded
2015
Leadership
Alex Lorenz, Founder and CEO

Franchising Overview

Franchising Since
2018 (4 years)
Where seeking

This company is seeking new franchisees in the following US states:

# of Units
2 (as of 2019)

Franchisor Information

Social
Facebook
Corporate Address
991 US 22 West, #200
Bridgewater, NJ 08807

Information for Franchisees

Here’s what you need to know if you’re interested in opening a RenuKrete 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
$25,000 - $40,000
Initial Investment
$85,650 - $177,650
Royalty Fee
7.5%
Ad Royalty Fee
2.5%
Term of Agreement
10 years
Is franchise term renewable?
Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

In-House Financing
RenuKrete offers in-house financing to cover the following: franchise fee
Third Party Financing
RenuKrete has relationships with third-party sources which offer financing to cover the following: startup costs, equipment, inventory, accounts receivable, payroll

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
112 hours
Classroom Training
52 hours
Ongoing Support
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
National Media
Regional Advertising
Social Media
SEO
Email Marketing

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
No
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
4
Are exclusive territories available?
Yes

Franchise 500 Ranking History

Compare where RenuKrete landed on this year’s Franchise 500 Ranking versus previous years.

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021