N-Hance Canada Franchise
To buy a franchise with N-Hance Canada, you'll need to have at least $50000 in liquid capital and a minimum net worth of $70000. N-Hance Canada charges a franchise fee of $37500.
Franchisor Details
Total Units: 500 Sold
Year Founded: 2001
Franchising Since: 2006
Home Office: Oakville, ON
Training: Available
Locations Available: See Below*
Franchise Costs
Liquid Capital Required: $50,000
Net Worth Required: $70,000
Total Investment: $71,625 – N/A
Franchise Fee: $37,500
Royalty Type:
Vetern Discount: 10% Off Initial Down Payment
*N-Hance Canada is currently accepting inquiries from the following locations: Canada
Values & History
N-Hance Wood Renewal was started in the U.S. by Chem-Dry Carpet Cleaning, the world's largest commercial carpet cleaning company. In the early 2000's, many Chem-Dry franchise owners noticed that their technicians were walking across thousands of damaged wood floors. N-Hance began as a separate franchise business to refinish and renew hardwood floors and grew to include refinishing cabinetry, furniture, and trim work.
N-Hance is not the only wood refinishing company; however, we are the only refinishing company with a national footprint. We offer a commitment to research and a dedication to development that cannot be matched by any other competitor in the industry. Our word is our bond, and we take that very seriously.
Culture
At N-Hance, we pride ourselves on our unique culture. We never try to build competition between our franchisees. We build collaboration among each franchisee, which we believe is a more sustainable type of success in our industry. N-Hance feels that sharing ideas and innovations help us continually succeed and improve our brand. Our franchises support one another and we consider N-Hance to be one big family. We'd love to see it grow!Industry Performance
N-Hance is an award-winning franchise, consistently rated by Entrepreneur as a top 500 franchise, including #1 in category in both 2017 and 2018. Currently, the N-Hance organization is stronger than ever before and is experiencing more and more growth every year. In 2013, N-Hance had 220 units. In 2014, we had 310 units. As of today, there are currently over 375 franchises in the United States and Canada.
The home improvement industry in Canada is booming. In fact, according to a 2019 poll by the CIBC, 67% of homeowners prefer to renovate their home than sell it and move elsewhere, spending $10,211 on average. Now is a great time to capitalize on this trend and start your own N-Hance Wood Refinishing business!
Training & Support
We understand and empathize with what so many feel when starting a new business; feelings of fear or feeling alone in your efforts as you strive to become successful in your endeavors. A partnership with N-Hance contains the basic right to never come to those feelings.
With 15 years in the industry, we have both the experience and the procedures that allow franchisees to be successful. This system involves intensive training at our headquarters, followed by a year-long personal "N-Gage" business coach assigned to you and your franchise. When the year is up, you'll receive ongoing training and support from our corporate team.
One of the biggest areas where you'll receive support is marketing. Marketing and advertising are the most important elements of operating a successful business. N-Hance has created an online wealth of marketing materials including mobile-optimized websites, press releases, stock photography, commercials, and an N-Hance visualizer app to help our franchisees to market their products. We also offer personal and customized marketing consultations with each of our franchisees. These meetings help them learn the best marketing techniques for their area.
Ideal Candidate & Qualifications
N-Hance is looking for franchise owners that want to be a part of one of the largest industries in the world: home improvement. We are looking for the entrepreneur that sees the potential in a refinishing business, that has a drive to achieve, and the willingness to collaborate with other franchisees to achieve even greater levels of success. Sales and manager backgrounds thrive within our network, and there is no need for previous woodworking or cabinet experience.
Purchasing an N-Hance Canada Franchise
At N-Hance, we are far more interested in recruiting great people who are enthusiastic about owning a business than we are in finding people with lots of cash to spend. For this reason, we offer in-house financing and have some of the lowest start-up costs in the industry. We do not want high start-up costs to stand in the way of you owning and growing your own business, so we provide a cost structure that allows you to purchase an N-Hance business for as little as $37,500 down.
Our initial license fee, based on the anticipated and targeted average franchised area population of 180,000 people, is $37,500. Add to this the cost of the initial equipment package ($34,500) and you have a total initial investment of only $71,625.
Also, N-Hance is part of the national Vet Fran program, which means we provide incentives and discounts for veterans. Contact us for more information.
