Signing out of account, Standby...
- 2022 Franchise 500 Rank
N/R Not ranked last year
- Initial investment
$108K - $147K
- Units as of 2021
13 333.3% over 3 years
Here’s what you need to know if you’re interested in opening a Kitchen Wise franchise.
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.
About Kitchen Wise
- Franchising Since
- 2017 (5 years)
- # of employees at HQ
- Where seeking
This company is seeking new franchisees 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, Minnesota, Missouri, Mississippi, Montana, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Washington, Wisconsin, West Virginia, Wyoming
This company is seeking new franchisees in the following international regions: Canada
- # of Units
- 13 (as of 2021)
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Kitchen 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
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
- $108,100 - $147,000
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
- 10% 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
- Kitchen Wise has relationships with third-party sources which offer financing to cover the following: franchise fee, 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
- 4 hours
- Classroom Training
- 76 hours
- Additional Training
- Virtual training
- Ongoing Support
NewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresField OperationsProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
Ad TemplatesRegional 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.
- 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.
Curious to know where Kitchen Wise ranked on other franchise lists? Find out below.
Are you eager to see what else is out there? Browse more franchises that are similar to Kitchen Wise.
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