- 2021 Franchise 500 Rank
#404 Ranked #263 last year
- Initial investment
$52K - $169K
- Units as of 2020
546 14.0% over 3 years
About N-Hance Wood Refinishing
More from N-Hance Wood Refinishing
N-Hance Wood Refinishing Franchise
Join a top franchise in a booming $425 billion industry
The demand for affordable wood refinishing is booming — and going to continue to grow for years to come. There are roughly 135 million homes in America, which means that there are a lot of homes with hardwood surfaces and cabinets. The economy has placed Americans in a position where they have money to devote to making improvements to not only their investment, but to the places they share with their loved ones. In 2019, the JCHS at Harvard University reported that Americans will spend $450 billion dollars in home remodeling in 2019. The outlook for the future is very strong.
Founded in 2001, N-Hance Wood Refinishing is the premier franchise opportunity for executive business builders. Boasting outstanding operating margins and top line revenue potential of greater than $1.4MM on a minimal investment, this business is perfect for the investor who understands scalability with limited additional investment in human capital and equipment to grow. The secret, N-Hance uses proprietary chemical abrasion and refinishing techniques that require no sanding and restores the natural beauty of cabinets, hardwood flooring and trims at one-third to one-fifth the cost of traditional re-facing or replacing of cabinets. The company's powerful Lightspeed® U.V. curing technology shortens the refinishing process and produces less dust, mess and odor than traditional methods, making it ideal for homes and businesses. We exclusively use eco-friendly water-based polyurethane finishes containing low levels of VOCs, making them virtually odorless and safe for indoor use. N-Hance Wood Refinishing has over 550 franchises across the United States, Canada, Australia and New Zealand and is backed by Harris Research, Inc., the same company that grew Chem-Dry into the world's largest carpet cleaning company.
N-Hance Wood Refinishing is the No. 1 choice for refinishing cabinets, hardwood floors, furniture and other wood surfaces, with over 500 franchises in operation across the United States. Founded in 2001 by the same company that launched Chem-Dry into the world’s largest carpet cleaning franchise, N-Hance is a low-cost, scalable investment opportunity with a proven business model that is revolutionizing the $450 billion American home restoration industry. With patented technology, and proprietary products that provide our customers with beautifully restored cabinets and floors at a fraction of typical costs, N-Hance wood refinishing services are going to continue to grow for decades to come.
The Secret Is Out
Entrepreneur magazine has named N-Hance to its prestigious annual list of the Fastest-Growing Franchises for six consecutive years, during which time we’ve doubled the size of our franchise system. The same publication also has included us on its annual “Top 500” list of the best franchise systems to invest in 2019. (You may also want to mention the specific rankings - #24 top franchises for less than $50k, #47 Fastest growing….)
“There has never been a better time to franchise with N-Hance,” says Dan Tarantin, CEO of N-Hance. “We’ve developed a business model that is easy to run and easy to rapidly scale, with an exceptional support and a training platform that is the gold standard in the industry. Our national reputation makes it easy for franchisees to win a sizable share of their market. We’ve experienced double-digit growth in the past five years, and we’re expecting that growth to continue well into the future. An opportunity like N-Hance only comes around once, and we have the business model and the systems in place to help savvy entrepreneurs realize their full potential of small business ownership.”
What are the top reasons to invest in an N-Hance franchise?
N-Hance is a best-bet opportunity. Here are some of the reasons Entrepreneurs are investing in N-Hance.
N-Hance is a low-cost investment: While a lot of brands will boast about their low entry costs, N-Hance truly is affordable. The total investment estimate to begin operations ranges from $51,970 to $167,023, and this low cost of ownership means that N-Hance franchise ownership is accessible to many more entrepreneurs than other home-improvement brands on the market. N-Hance also offers in-house financing.
The home remodeling industry is booming: The Joint Center of Housing Studies at Harvard University reports in their 2019 study that the home improvement market hit a record of nearly $450 billion in 2019. The research outlet reports that the combination of aging homes (the average home is more than 50 years old), rising home prices in many markets, and an aging population (10,000 people are becoming seniors every day), will lead to a strong home-improvement market for years to come.
Who can compete with N-Hance? Our franchisees edge out the competition and create trustworthy reputations in their markets by offering a service that no competitor can equal — beautifully restored cabinets, doors and floors at a fraction of the cost and in a fraction of the time of traditional refinishing or replacement. The truth is that N-Hance faces no legitimate competition. Our level of service and proprietary technology are revolutionizing the industry, and as the rollout of our new sanding service earlier this spring demonstrates, our commitment to new technology continues to add value to our franchisees’ bottom line.
Franchising with N-Hance means you will never be alone in business: Because the majority of our franchisees joined our franchise family without any experience in the wood refinishing industry, we have established a culture of training and ongoing education that helps new franchisees get established in business quickly and keeps veteran franchisees at the top of their game.
Our Quick Start Program will help you get established fast: Once you come on board as a new franchisee, N-Hance builds out a plan that encompasses the entirety of your first year. N-Hance provides in-person training at our newly expanded, state-of-the-art training center in Logan, UT, online courses at N-Hance University, a business coach to help you set goals and exceed them, one full year of marketing support, and also sets you up with the Home Depot in your community to gain new leads quickly.
Our Franchisees Are Talking
“Do it. It’s a great product and a great system. Harris Research is a great company and very supportive. They help you with everything you need in getting started and opening your business quickly. We’re really like one big family — everyone supports each other.”— Jeff and Pam Overfield
“The No. 1 thing that I hear from customers is that they really love that they can have beautifully refinished surfaces and floors in one day. There’s no cleanup after we’re gone. There’s no smell and no odors, and they can begin using their kitchen an hour after we’ve finished our work. They love it.”— Mike Rozo
We're looking for franchise owners that want to be a part of one of the largest industries in the world, home improvement. We are looking for the entrepreneur that sees the potential in a scalable business model. With N-Hance your business will transform customer’s kitchen cabinets and wood floors. Sales and management backgrounds thrive within our network and there is no need for previous woodworking or cabinet experience.
- Franchising Since
- 2003 (18 years)
- # of employees at HQ
- Where seeking
This company is seeking new franchisees throughout the US.
This company is seeking new franchisees worldwide.
- # of Units
- 546 (as of 2020)
Information for Franchisees
Here’s what you need to know if you’re interested in opening a N-Hance Wood Refinishing 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
- $11,669 - $47,752
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
- $52,369 - $168,747
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.
- Cash Requirement
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
- Veteran Incentives
- $2,500 off first-unit 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
- 5 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.
- In-House Financing
- N-Hance Wood Refinishing offers in-house financing to cover the following: equipment, inventory
- Third Party Financing
- N-Hance Wood Refinishing has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory
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
- 35-48 hours
- Classroom Training
- 6-15 hours
- Ongoing Support
NewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportField OperationsProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
Ad TemplatesNational MediaSocial 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.
Franchise 500 Ranking History
Compare where N-Hance Wood Refinishing landed on this year’s Franchise 500 Ranking versus previous years.
Curious to know where N-Hance Wood Refinishing ranked on other franchise lists? Find out below.
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