N-Hance is one of the most affordable franchise opportunities in the home remodeling industry
Starting a business doesn’t have to break the bank. N-Hance is one of the most affordable concepts in the home remodeling industry because we want to help as many entrepreneurs realize their full potential as possible.
With over 500 locations open in North America, N-Hance provides entrepreneurs with a proven path toward realizing their full potential. This begins with our low costs of ownership. The total investment estimate to begin operations ranges from $70,700 – $192,000, and because N-Hance is a business that doesn’t require an office or many employees to get started, ongoing costs are also kept low.
“We believe in the power of entrepreneurship,” says Kelly Jensen, President of N-Hance. “Our business model has improved people’s lives, and by running successful businesses, our franchise owners strengthen their communities. It’s a rewarding thing to be a part of and our goal as a franchise system is to help as many entrepreneurs as possible achieve their goals.”
What do I get for my franchise fee?
The franchise fee for your first territory ranges from $22,500 to $45,000 and it gives you access to one of the most comprehensive training programs in the franchise industry. Our Quick-Start program guides you through the first year of business with personalized coaching, marketing support, and more. When you franchise with N-Hance, you will never be alone in your business.
Do you offer financing?
Financing can make your path to business ownership even more affordable, and there are many options to explore. N-Hance offers in-house financing to qualified applicants, and we have relationships with third-party lenders who can help you secure the funds necessary to open your business.
Do you offer a military discount?
Yes. We believe that military veterans make exceptional entrepreneurs and we’re committed to helping veterans thrive in business. We’re proud to offer honorably discharged veterans a $2,500 discount on the initial franchise fee. We thank you for your service.
Here’s a full breakdown of the costs & fees associated with ownership?
For a deeper dive into the costs & fees associated with owning an N-Hance franchise, please review item 7 from our most recent Franchise Disclosure Document below:
|Type of Expenditure||Amount||Method of Payment||When Due||To Whom Payment is to be Made|
|Initial License Fee||$22,500 to $45,000, per franchise||Part Lump Sum, Remainder, installments||The Initial Fee is payable when you sign the Franchise Agreement.||NHI|
|Initial Package: Equipment, Product, Marketing and Operations Package Fee||$41,500||Part Lump Sum, Remainder, installments||The Initial Fee is payable when you sign the Franchise Agreement.||Third Parties|
|Business Vehicle||$0 – $60,000||Usually down payment plus monthly installments; or lease payments||Prior to Opening||Third Parties|
|Three Month’s Rent||$0 – $7,500||Lump Sum||At Signing of Lease||Landlord|
|Telephone and Business License||$400 – $4,000||Lump Sum||Prior to Opening||Third Parties|
|Travel Expenses While Attending Training||$1,000 – $4,000||Lump Sum||As incurred for training period||Third Parties|
|Insurance||$600 – $6,000||Lump Sum||Prior to Opening||Third Parties|
|Additional Funds – 3 months||$2,500 – $12,000||Lump Sum||
As Incurred During First 3 Months
|Computer System||$0 – $2,000||Lump Sum||Prior to Opening||Third Parties|
|Advertising – 3 months||$1,500 – $5,000||Lump Sum||As Incurred During First 3 Months||Third Parties|
|Permits and Licenses||$700 – $5,000||Lump Sum||Prior to Opening||Third Parties|
|TOTAL ESTIMATED INITIAL INVESTMENT – for Initial Franchise Purchase||$70,700 – $192,000|