The wood refinishing franchise ranks high on the esteemed publication’s list of the fastest growing franchise systems in 2020
N-Hance Wood Refinishing, one of the fastest-growing wood refinishing franchises in the nation, was recently ranked 48th on Entrepreneur Magazine’s list of 2020 Top Growth Franchises. This is our sixth consecutive appearance on this list, and we were ranked 47th in 2019.
The esteemed publication’s Top Growth Franchises list recognizes 150 companies with the greatest positive franchise unit growth over a three-year period (from July 2016 to July 2019) based on data submitted for Entrepreneur’s Franchise 500 ranking. In order to qualify for this year’s list, each brand had to have positive growth of at least five units each year. The ranking was based on a formula that considers each company’s total positive U.S. and Canadian franchise growth over the three years as well as factors that negatively affect growth, such as terminations, nonrenewals, and other closures. The inclusion of our wood refinishing franchise on the list is a strong testament to our proven business model and culture of continued franchisee support.
This has been a banner year for N-Hance Wood Refinishing. In addition to being included on Franchise Connect Magazine’s’ “Top 100 Home Services Franchises,” 24/7 Wall St. ranked us No. 15 on its list of the “Hottest Businesses to Franchise in America,” and Entrepreneur magazine has named us on its prestigious annual “Franchise 500” list for the fifteenth consecutive year.
“There has never been a better time to franchise with N-Hance,” says Kelly Jensen, President of N-Hance. “We’ve developed a business model that is easy to run and easy to rapidly scale, with an exceptional support and a training platform that is the gold standard in the industry. Our national reputation and our focus on innovation make it easy for franchisees to win a sizable share of their market. We’ve experienced double-digit growth in the past five years, and we’re expecting that growth to continue well into the future. An opportunity like N-Hance only comes around once, and we have the business model and the systems in place to help savvy entrepreneurs realize their full potential of small business ownership.”
For nearly two decades, our fast-growing wood refinishing franchise has grown by not only helping our franchise owners excel in business, but also consistently providing beautifully restored cabinets, hardwood floors and more at a fraction of the cost and time compared to replacement and traditional refinishing. As more and more homeowners look to upgrade their kitchens, flooring and more, the demand for our services will continue to grow in the $450 billion home improvement industry.