Entrepreneurs can capitalize on this year’s biggest home improvement trends by investing in the fastest-growing wood refinishing franchise in the nation
Home improvement spending is expected to slow marginally in 2020, and this is good news for N-Hance. This means that homeowners will be pickier and choosier about the projects they spend money on, and they’ll expect their dollars to go further. N-Hance is in the perfect position to capitalize on this by helping homeowners save thousands on the kitchen of their dreams.
A few of the most notable trends for home renovation, according to Bob Vila, in 2020 include:
- Saving money is the goal
If you think people will stop spending money on home improvement projects in 2020 just because renovation is expected to decline, think again. According to Vila, you can expect to see a rise in projects tied to cost savings, including energy-efficient lighting and customizable cabinets, which means great things for N-Hance franchisees.
- New brands and custom features will take off
With luxury projects taking a backseat this year, emerging brands will gain more market share and luxury features will appear in a greater variety of products in 2020. For instance, features that were once limited to semi-custom or custom cabinetry, such as soft-close drawers and custom sizing, are now widely available for less.
- Surfaces will stay in the spotlight
According to a study from the Joint Center for Housing Studies nearly 5.3 million homeowners spend an average of $3,282 annually on surface improvements. Ultimately, carpets, floors, paneling and ceiling tiles account for the largest expenses in home renovation each year.
In 2020, saving money is not only the No. 1 goal for homeowners, but also the main focus of this year’s trends. As a N-Hance franchise owner, you can benefit from our menu of services, which is hyper-relevant with homeowners. Not only will you receive higher-than-average tickets, but because our process is so fast, franchise owners can complete more jobs than other home remodeling brands. As a result, our franchise owners experience tremendous profit-potential.
“In the past four years, we’ve more than doubled the size of our franchise network, and we’ve more than established ourselves as the industry leader in wood refinishing services,” says Kelly Jensen, President of N-Hance. “The value that we provide to our customers in terms of having an affordable and professional solution to refinishing their wood surfaces and cabinets means that our growth is going to continue well into the future. We expect to double the size of our system again in the coming years.”
Since our founding in 2001, N-Hance has since become America’s fastest-growing wood refinishing franchise with over 500 locations across the country. We excel at delivering solutions for kitchen cabinets, hardwood floors and more at a fraction of the cost and time compared to replacement and traditional refinishing. Now is a great time for entrepreneurs to join the N-Hance Wood Refinishing family. N-Hance is committed to helping franchise owners thrive in business, which is why we offer a proven business model that’s easy to scale, robust training and support over the long-term. This gives our franchise owners the opportunity to blow away the competition and create a trustworthy reputation in the market.
Learn more about the N-Hance franchise opportunity
N-Hance is a low-cost, highly-scalable investment opportunity with potential for high returns. The total investment estimate to begin operations ranges from $51,970 to $167,023, which is significantly lower than other home restoration franchises or concepts within the home remodeling industry. The franchise fee for your first territory typically ranges from $13,259 to $46,028.