- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$108K - $147K
- Units as of 2024
-
6 53% over 3 years
Kitchen Wise, founded in 2016, is a home improvement company located in the United States. Kitchen Wise offers intelligent storage solutions for kitchens, bathrooms, pantries, and closets. Kitchen Wise is committed to providing quality, affordable, and advanced storage solutions to everyone.
Since beginning to franchise in 2017, Kitchen Wise has opened multiple locations and is actively seeking to continue to expand.
Why You May Want To Start a Kitchen Wise Franchise
Opening a Kitchen Wise franchise may mean you are part of a disciplined and excellent home renovation company. Kitchen Wise offers intelligent custom solutions that maximize space. Their priority is to provide an outstanding design and high-quality hardware while striving to provide excellent services and products.
A Kitchen Wise franchise may be a fantastic opportunity to offer people in your community more functional and beautiful storage spaces. Their commitment to intelligent and efficient designs may make them a customer-focused company. With a Kitchen Wise franchise, you could be part of a company that helps build the community by elevating the spaces around them.
Kitchen Wise offers its franchisees support and training throughout the entire franchising process. At Kitchen Wise, you get to be your own boss and be surrounded by an excellent community. The parent company is dedicated to helping their franchisees grow their location and provides every resource for you to do so.
What Might Make a Kitchen Wise Franchise a Good Choice?
Kitchen Wise believes it has carved out a niche for itself in intelligent storage space design, a sub-industry with little competition, providing you with the opportunity to build a growing business. Kitchen Wise may offer a unique franchising opportunity since your franchise can be home-based, and you do not need any experience to open your franchise.
The perfect candidate for a Kitchen Wise franchise is passionate about business, renovation, and the local community. You do not need to complete the renovation work yourself, but you need the skills to drive your team and oversee all Kitchen Wise projects.
Opening a Kitchen Wise franchise may offer a more predictable outcome than investing in a completely new brand that could struggle to thrive in an already crowded and competitive industry.
How To Open a Kitchen Wise Franchise
To be part of the Kitchen Wise 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.
Before making any financial commitment or signing an agreement with Kitchen Wise, 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 Kitchen Wise franchising team questions.
As you decide if opening a Kitchen Wise 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 Kitchen Wise franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.
Company Overview
About Kitchen Wise & Closet Wise
Industry | Home Improvement |
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Related Categories | Organization/Storage Systems, Miscellaneous Home-Improvement Businesses |
Founded | 2016 |
Parent Company | Premium Service Brands |
Leadership | Paul Flick, CEO |
Corporate Address |
126 Garrett St., #J Charlottesville, VA 22902 |
Social | Facebook, LinkedIn, Instagram, YouTube, Pinterest |
Business Overview
Franchising Since | 2017 (8 years) |
---|---|
# of employees at HQ | 41 |
Where seeking |
This company is offering new franchises in the following US states: Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Missouri, Mississippi, Montana, North Carolina, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming This company is offering new franchises in the following international regions: Canada |
# of Units | 6 (as of 2024) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Kitchen Wise & Closet Wise 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
|
$65,000 |
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Initial Investment
|
$108,100 - $147,000 |
Net Worth Requirement
|
$100,000 - $200,000 |
Cash Requirement
|
$50,000 |
Veteran Incentives
|
10% off franchise fee |
Royalty Fee
|
6% |
Ad Royalty Fee
|
2% |
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.
Third Party Financing | Kitchen Wise & Closet Wise has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
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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 | 4 hours |
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Classroom Training | 76 hours |
Ongoing Support |
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Proprietary Software
Franchisee Intranet Platform
|
Marketing Support |
Ad Templates
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | No |
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Can this franchise be run from home/mobile unit?
|
Yes |
Can this franchise be run part time?
|
Yes |
Are exclusive territories available?
|
Yes |
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