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Promoted Opportunities

Initial Investment

LOW: $45,300
HIGH: $71,125

Change in Units

-12.1% -4 UNITS (1 Year)
-3.3% -1 UNITS (3 Years)

Company Profile

Founded

1993

Franchising Since

2001 (16 Years)

Corporate Address

2924 Emerywood Pkwy. Richmond, VA 23294

CEO

Chris Grandpre

About Renew Crew

As a partner in a fence installation business, Stan Krempges realized his customers needed a way to clean and protect their fences, decks and outdoor structures. So in 1993, he developed an environmentally-safe cleaner to remove dirt, mold and mildew from exterior wooden surfaces. Then he worked with coating chemists to develop an eco-friendly wood sealant to protect against moisture, dirt and sun damage. Krempges named his company Wood Re New and began franchising. In 2011, Wood Re New joined Outdoor Living Brands, which also franchises Archadeck, Outdoor Lighting Perspectives and Mosquito Squad. In 2012, the company began offer cleaning and protection services for non-wood outdoor surfaces, including siding, gutters, patios, driveways and sidewalks, and consequently, the franchise name was changed to Renew Crew.

Financials

Financial Requirements

Initial Investment

$45,300 - $71,125

Net-worth Requirement

$75,000

Liquid Cash Requirement

$40,000

Ongoing Fees

Initial Franchise Fee

$10,000 - $20,000

Ongoing Royalty Fee

$600-$1.8K/mo.

Ad Royalty Fee

$250-$550/mo.

Financing Options

Renew Crew offers in-house financing to cover the following: franchise fee

Renew Crew has relationships with third-party sources which offer financing to cover the following: 
startup costs, equipment, inventory

Veteran Incentives


$2,500 off franchise fee

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units worldwide.

Operations & Franchisor Support

Training Onsite: 2 days

Training at headquarters: 5 days

Additional Training: Ongoing training as needed

Ongoing Support
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Field Operations

Marketing Support
Ad Slicks
Regional Media
National Media

Absentee Ownership Allowed

Number of employees required to run: 1

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: August 9th, 2016

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