Start a Refresh Renovations Franchise in 2024

Franchise 500 Rank: N/R Not ranked last year

Initial investment: $129K - $190K

Units as of 2020: 66 112.9% over 3 years

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.

Company Overview

About Refresh Renovations

Related Categories	Home Improvement, Building & Remodeling
Founded	2009
Parent Company	Renovation Franchise North America LLC
Leadership	Paul English, CEO
Corporate Address	415 S. Florida Blanca St. Pensacola, FL 32502
Social	Facebook

Business Overview

Franchising Since	2010 (14 years)
# of employees at HQ	3
Where seeking	This company is offering new franchises in the following US states: This company is offering new franchises in the following international regions:
# of Units	66 (as of 2020)

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.	$100,000
Initial Investment 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.	$128,927 - $189,977
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.	$250,000
Cash Requirement Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.	$100,000
Veteran Incentives Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.	5% off franchise fee
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.	6%
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.	1%
Term of Agreement 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.	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	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
Ongoing Support	Purchasing Co-ops Newsletter Meetings & Conventions Toll-Free Line Grand Opening Online Support Security & Safety Procedures Site Selection Proprietary Software Franchisee Intranet Platform
Marketing Support	Co-op Advertising Ad Templates National Media Regional Advertising Social Media SEO Website Development Email Marketing

Operations

Additional details about running this franchise.

Is absentee ownership allowed?	No
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.	Yes
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.	No
# of employees required to run	1-2
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.	No