NASHVILLE, Tenn. - Harris Research, Inc. (HRI), parent company of home service franchise N-Hance Wood Refinishing, says new franchise agreements signed in 2016 were the highest in the past ten years.
Citing increased consumer spending on home services, growing popularity of healthier and more environmentally friendly services as factors, Harris says N-Hance ended the year with 97 new agreements, helping N-Hance more than double its system size over the last four years.
“Consumer spending on home improvement and repair continues to experience annual growth as home owners are seeing increased equity value in their homes and are viewing them as great investments, many times choosing to modify existing properties rather than move or build new homes,” said HRI President and CEO Dan Tarantin. “The future of the home services and remodeling industry remains strong and vibrant and our goal is to continue to be the industry leader in innovation, quality of work, customer service and healthfulness.”
Over the last several years, HRI says it has invested in additional support to strengthen its offerings and provide new resources for franchisees, including enhanced start-up training for new owners and advanced national marketing tools to help them drive more business. HRI also invest in research and development resulting more than 20 proprietary new and improved products to its line of superior-performing solutions and leading edge equipment – the foundation for what allows franchise owners to deliver a superior customer experience.
Two recent developments are its Lightspeed process of refinishing cabinets, hardwood floors and luxury vinyl tile without sanding. The Lightspeed process cures wood surfaces with a powerful ultraviolet light that provides a professional and durable factory finish. Lightspeed Plus Anti-Microbial UV finish is said to reduce bacteria growth by 99 percent and inhibit the growth of microbes such as E. Coli, Staph and other harmful bacteria.
“This year, we also expect N-Hance to surpass the 500-unit threshold, which is very exciting for a relatively young and fast-growing brand," says Tarantin. "We see that trend continuing in 2017 and beyond, which should continue to fuel strong growth.”
N-Hance uses proprietary solutions and refinishing techniques to restore the natural beauty of hardwood floors, cabinets, doors and trims – at a more affordable cost than traditional remodels such as re-facing or replacing cabinets. N-Hance can also change the color of wood surfaces to provide a whole new look with a factory-quality finish that reduces bacteria growth by 99 percent. For more information on N-Hance visit www.nhancefranchise.com
Harris Research is a portfolio company of Baird Capital Partners. Its N-Hance Wood Refinishing franchise has more than 400 locations across the U.S., Canada, Australia and New Zealand.The company’s proprietary products and refinishing techniques shorten the process and decrease the mess in refinishing, offering a more convenient way to refinish wood surfaces. Founded in 2001, N-Hance Wood Refinishing is a trusted partner of the Home Depot, with a presence in more than 1,400 locations.