How many Nhance franchises are there?
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 425 franchises across the United States, and Canada, and is backed by the BELFOR Franchise Group.
Who owns Nhance?
Sammy Dosch owns and operates N-Hance Over the Mountain in Birmingham, Alabama.
How do franchise fees work?
Franchise marketing fees are usually based on your monthly revenue. For instance, if your average monthly revenue is $25, 000, and the franchisor charges a 2% marketing fee, you'll have to pay your franchisor $500. (That's $6, 000 annually.)
What is a good franchise fee?
The average or typical royalty percentage in a franchise is 5 to 6 percent of volume, but these fees can range from a small fraction of 1 to 50 percent or more of revenue, depending on the franchise. Marketing Fees. Franchises often require participation in a common advertising or marketing fund.
What does a KFC franchise cost?
For non-traditional KFC outlets, KFC charges an initial license fee of $22,500. For traditional KFC franchise agreements, the franchise (or initial license) fee is $45,000 split into the deposit fee and the option fee.
How do franchise owners get paid?
How do franchise owners get paid? Franchise owners can pay themselves a salary or depending on their business entity, they may be able to take a draw from their accumulated equity.
What is the McDonald's franchise fee?
$45,000McDonald's Franchise Cost / Initial Investment / Income Most McDonald's owner/operators have entered the corporation by purchasing an existing restaurant. To open a McDonald's franchise, however, requires a total investment of $1-$2.2 million, with liquid capital available of $750,000. The franchise fee is $45,000.
Are franchise fees refundable?
Fees and royalty clause This clause mentions the non-refundable franchise fees which the franchisee has to make to the franchisor and also the one-time fees if any. Royalty clause is the non-refundable portion of the payment (usually in percentage) which the franchisee are obliged to make to the franchisor.
Is franchising a good way to make money?
Buying a franchise might seem like easy money, but those royalties and fees will quickly cut into profit margins. The majority of franchise owners earn less than $50,000 per year.
How does the franchisee pay the franchise fee to the franchisor?
A royalty fee is an ongoing fee that a franchisee pays to the franchisor. This fee is usually paid weekly, monthly, or quarterly, and is typically calculated as a percentage of gross sales.
What does a N-Hance Franchise Cost?
To invest in owning your own N-Hance franchise the minimum liquid capital requirement is $50,000, and the initial franchise fee is between $17,123-$46,050. The total investment ranges between $57,823-$168,545. Support, training and in-house financing is available.
Is the home improvement industry booming?
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 $425 billion in 2017. 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.
Is N-Hance a franchise?
Led by the same visionary leadership team that launched Chem-Dry, now the world’s largest carpet-cleaning franchise, N-Hance is a tremendous opportunity for entrepreneurs who want to join a proven, fast-growing brand and build a brighter future for themselves without breaking the bank.
Is N-Hance a home improvement company?
With more people spending time safely in their homes, home improvement services are on the rise. N-Hance wood refishing franchisees are seeing sales and leads increase. Help meet the demand for these services and come dominate this lucrative segment of the $450 billion home-improvement industry.
How much does an N-Hance franchise make?
Franchise profits depend on a number of variables, including local demand for your product, labor costs, commercial lease rates and several other factors. Typically, franchise profits are proportionate to the size of investment. We can help you figure out how much money you can make by reviewing your personal situation.
How many franchise locations do they have?
As of the 2018 Franchise Disclosure Document, there are 475 franchised N-Hance locations in the USA.
Are there any N-Hance franchise opportunities near me?
Based on 2018 FDD data, N-Hance has franchise locations in 42 states. The largest region is the South with 175 franchise locations.
Do they provide any initial training and opening assistance?
Yes, they have an initial training program of 130 hours. This includes 25 hours of classroom training and 105 hours of on-the-job training. In their FDD they outline who’s in charge of the training. Unlock to find out more.
Do they offer Territory Rights?
N-Hance offers territory protections. For an explanation of territorial rights, unlock this franchise for important details.
