N-Hance Franchise FAQS
Answers to common questions about the premier wood refinishing franchise opportunity
What is N-Hance?
N-Hance is the fastest-growing wood refinishing franchise in the world, with more than 475 operating franchises around the world. Founded in 2001 by Harris Research, the same company that created the world’s largest carpet-cleaning franchise, N-Hance is experiencing rapid growth, and our franchisees are proving that the business is a hit with consumers, easy to run and easy to scale, and that the investment opportunity has the potential for high returns. After years of growth across the nation, N-Hance isn’t slowing down anytime soon. There are still tons of prime markets for you to enter and realize your full potential with an N-Hance franchise.
How much does a N-Hance franchise cost?
N-Hance is a low-cost, highly scalable investment opportunity with potential for high returns. The total investment estimate to begin operations ranges from $52,369 to $168,747, which is significantly lower than other home restoration franchises or concepts within the home remodeling industry. N-Hance’s proven business model and industry leading reputation make us a best-bet investment opportunity in the booming market. The franchise fee for your first territory typically ranges from $11,669 to $47,752..
For a more detailed look at cost and investment information, please visit the Initial Investment and Startup Costs page.
What are the financial requirements for franchising with N-Hance?
To franchise with N-Hance, you will need to have minimum liquid capital of $50,000 to open your business.
Is there a continuing royalty fee?
Yes. The continuing royalty fee ranges a minimum monthly royalty of $176 – $352 to 2% of your Gross Revenue.
Will you help me secure financing?
Yes. N-Hance offers in-house financing to cover the following: franchise fee, equipment, inventory.
What experience do I need?
None! We recommend that you have a proven track record of leadership experience, are confident in your ability to manage people and have an entrepreneurial spirit and the drive to follow our proven business model as you bring N-Hance to your community.
I’ve never owned a business before. Do you offer training and support?
N-Hance is led by a passionate leadership team that works tirelessly to ensure that your business has every chance at success from the moment you sign the franchise agreement. N-Hance offers some of the most robust training in the entire franchise industry, including a quick-start program to help you begin operations as soon as possible. Our initial training is comprehensive, which includes a full week of immersive, on-the-job training at our headquarters in either Logan, Utah, or Nashville, Tennessee, and includes the development of a business plan, help to obtain licenses, marketing support, and everything you need for your new business. In addition, our ongoing support is exceptional, especially during your first year in business. We will have regular meetings to ensure you’re meeting your goals, marketing effectively, and answering any and all questions you have going forward.
How large a space do I need?
This is up to you! Because we don’t require you to have an office, we will leave the decision on where your office should be up to you — though we are available for advice and any questions you have on this matter.
How many employees do I need?
N-Hance employs industry-leading technicians. The number of staff depends on how many clients you are helping. In the beginning, you will start with a few technicians, but you will need to scale up as you become established. We will provide coaching during your training session on how to hire the best technicians, and we will help you scale your business wisely so that you will be able to hire more employees and take on more jobs as you grow.
Why is N-Hance a great fit for veterans?
Veterans are uniquely qualified to franchise with N-Hance, as they have a proven ability to follow systems, procedures and processes. Because our business model is easy to run and easy to scale, N-Hance is a perfect fit for honorably discharged veterans who aspire to turn their dreams of entrepreneurship into reality. Honorably discharged veterans are eligible to receive a $2,500discount on the initial franchise fee, which will be reflected in a reduced down payment.