LOGAN, Utah – Consumer demand for home improvement projects remains steadfast – especially as the pandemic-inflected increase in time spent around the house becomes the norm and home costs continue to rise across the country.
N-Hance Wood Refinishing has seen the demand first-hand with some franchise owners reporting double digit increases in consumer leads year-over-year. Prospective franchisees are taking note as N-Hance closed out 2021 with more than 25 new franchise openings and projects to award 40 franchises this year.
N-Hance’s multi-service offerings model continues to drive revenue for franchisees, while providing customers with quality work. For example, Cabinet Door Replacement has helped grow N-Hance’s average ticket price to nearly $5,000 over the past few years, while reducing labor. Around 53% of its franchisees are offering this service through N-Hance’s preferred vendor, with it generating around 27% of their revenue. All of N-Hance’s cabinet services offerings account for 79% of total revenue.
“With a strong consumer demand for large-scale home renovations, we have worked hard to equip our franchisees with the right tools and resources to deliver on every project and consumer need,” said D’Wayne Tanner, Senior Vice President of Franchise Sales. “Their success is our success. We had a great 2021 which has put us in a position to have an even better 2022. We look forward to raising the bar and accelerating our development strategy, leveraging the surge in the home services industry to continue to meet all of our growth and performances goals.”
For more information about N-Hance Wood Refinishing and the franchise opportunities, click here.
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