- 2023 Franchise 500 Rank
-
N/R Not ranked last year
- 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
- Corporate Address
-
991 US 22 West, #200
Bridgewater, NJ 08807
- Social
Business Overview
- Franchising Since
- 2018 (5 years)
- Where seeking
-
This company is offering new franchisees in the following US states:
- # of Units
- 2 (as of 2019)
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 & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
-
Co-op AdvertisingNational MediaRegional AdvertisingSocial MediaSEOEmail 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
Interested in ownership opportunities like RenuKrete? Request a free consultation with a Franchise Advisor now.
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