What are My Startup Costs?
N-Hance franchise cost is an affordable wood refinishing franchise opportunity that is easy to run and easy to scale
As the nation’s fastest-growing wood refinishing franchise, with nearly 500 locations open in the United States, N-Hance provides entrepreneurs with a proven path toward realizing their full potential. Our passionate executive team works diligently to foster franchisees’ success, and with decades of experience in growing franchise systems. N-Hance is designed to be easy to scale and easy to run, with the built-in advantage of being an exclusive vendor with Home Depot. With exceptional initial and ongoing training and support in place, N-Hance franchise cost offers a fast ramp-up time that will allow you to get your business up and running rapidly and a firm commitment that you will never be alone in your business.
N-Hance is a low-cost, highly scalable investment opportunity with potential for high returns. The total investment estimate to begin operations ranges from $50,074 to $71,204, which is significantly lower than other home restoration franchises or concepts within the home remodeling industry. N-Hance’s proven business model, industry-leading reputation and exclusive relationship with Home Depot make us a best-bet investment opportunity in the booming market. The franchise fee for your first territory typically ranges from $21,712 to $42,842. To make your investment even more affordable, N-Hance offers in-house financing for qualified applicants.
Here’s our FDD Item 7, which details the specific startup costs of our franchise offering:
|Type of Expenditure||Amount||Method of Payment||When Due||To Whom Payment is Made|
|Initial License Fee||$17,377 to $42,842||Part Lump Sum, Remained in Installments||$6,950 - $24,000 payable prior to signign Franchise Agreement, depending on your Package option. For Package One, you will pay the remaining balance over 60 months beginning the first month following completion of the New Buyer Training. For Packages Two and Three you will pay the remaining balance over 60 months with payments beginning the month after you sign the Franchise Agreement and Business Note.||NHI|
|Initial Product and Equipment Package Fee||$0 - $33,000|
|Business Vehicle||$0 - $35,000||As agreed||As Incurred||Third Parties|
|Three Month's Rent||$0 - $4,000||As agreed||As Incurred||Third Parties|
|Telephone and Business License||$400 - $4,000||As agreed||As Incurred||Third Parties|
|State and/or Local Licenses||$0 - $2,000||As agreed||As Incurred||Third Parties|
|Training Expenses||$1,000 - $2,000||As agreed||Prior to attending training||NHI or HRI and Third Parties|
|Insurance||$600 - $6,000||As Incurred||As Incurred||Third Parties|
|Additional Funds - 3 months||$2,500 - $9,000||As Incurred||As Incurred||Third Parties|
|Computer System||$800 - $2,000||As agreed||As Incurred||Third Parties|
|Advertising - 3 months||$3,300 - $9,900||As agreed||As Incurred||Third Parties|
|Permits and Licenses||$700 - $5,000||As agreed||Third Parties|
|TOTAL ESTIMATED INITIAL INVESTMENT||$26,677 - $154,742|