N-Hance Wood Refinishing Franchise Announces 500th Location
The fastest-growing wood refinishing franchise celebrates growth milestone of 500th location in the U.S.
N-Hance Wood Refinishing celebrated its 500 location, which is a key indicator of a brand with both staying power and upward momentum. The fastest-growing wood refinishing franchise closed out 2017 by awarding our 500th unit in just 12 years since we started franchising in 2006. With plans to award 85 more franchises in 2018, N-Hance is going to continue expanding across the country.
Our leadership team credits much of this success to continued product and service innovation, and our exceptional franchise partners.
“Over the past few years, N-Hance Wood Refinishing has expanded and diversified its home improvement service offering,” says Dan Tarantin, CEO of N-Hance. “While the brand started out only providing services to refinish floors, floor refinishing now generates only 25 percent of our business, as cabinet refinishing has grown to become by far the most popular service. Continued research and development have led us to introduce numerous new products and services every year, which have strengthened our franchise model and helped us attract new franchisees.”
In addition to reaching the 500-unit network size, N-Hance has seen continued increases in top line sales. Since 2014, the top quartile of franchisees has seen over 30 percent growth year-over-year. The franchise network’s continued growth and success have pushed N-Hance Wood Refinishing to new heights in the 2018 Entrepreneur’s Franchise 500 List ranking, putting it at No. 159, a jump of nearly 100 spots from its ranking of No. 258 last year.
One key factor that has driven our expansion over the past few years is our efforts to find qualified franchisees in specific target markets, both nationally and internationally. Top development markets for 2018 include Chicago, Houston, Las Vegas, Washington D.C. and New Orleans.
“Our mission is to continue to support our N-Hance franchisees and strengthen and grow the brand to expand our leadership position in the wood refinishing market,” says Tarantin. “We have a unique, industry-leading service and our franchisees today use our products and processes to deliver a phenomenal customer experience. We expect to see continued growth by finding new franchisees who are just as passionate and through our national advertising efforts — which we ramped up last year — have generated incredible awareness and boosted local franchisees’ business as well.”