History of HRI & N-Hance
N-Hance Wood Renewal was started 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.
Read more about the history of N-Hance here!
The Value Proposition of N-Hance
Low Initial Investment
Typically when it comes to service-providing franchises, investment costs increase as the brand grows and develops. At N-Hance, we’re proud to have maintained low initial investments since beginning in 2001. We also provide low initial investments by:
- Replacing cash surpluses with motivated and hard-working individuals willing to succeed.
- We provide essential tools for success.
- Franchisees provide a great work ethic and delighted customers.
- Lowered interest rates.
- Increased borrowing amounts.
We want to make sure that we support our franchisees – if they fail, we fail. Our partnership turns into a successful and intelligent relationship when both parties are working together for the same common goal.
Low Overhead Structure
The most important aspect of any business is the customer. N-Hance helps franchisees take care of the customer by removing the financial stress, because we understand that cash flow is king when operating a business, so we always look for possibilities for our franchisees to minimize costs in order to maximize profits.
We offer low overhead costs so that N-Hance owners have accessible cash on-hand, which allows your N-Hance business to operate in a constant growth mode. Ideally, we can also help minimize costs through options to operate away from a store, like a home office and work van.
Unique & Emerging Market Segment
World Class 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.
Because we know that starting something new can be difficult and challenging, let our experience and proven technical and operational processes help you along the way. No matter the area you feel your efforts are lacking, we have the best support on hand to coach, train and help you find success in order to overcome any feeling of weakness you may have.
Our Staff & Diverse Network
Built-In Lead Sources
After a new franchise signs their contract, they are able to hit the ground running with legitimate leads and jobs because of our partnerships and national marketing efforts. With that said, when a new franchisee buys into N-Hance, they buy into a well-established power and presence on the internet. Our national website, nhance.com, generates leads and business for each franchise by informing customers of our services and directing them to individual franchise pages.
Currently, N-Hance is found in over 1700 of the 1900 Home Depot stores across the nation. Each Home Depot has a permanent display in the kitchen department featuring our various service options (Currently in the U.S. only). This built-in lead source provides franchisees with a lead generating opportunity right from the start without having to spend much money up front.
Recession Resistant Methods
The last several years have not been easy for home improvement businesses. However, N-Hance has managed to enjoy double digit growth, higher average revenue, and growth in both our national footprint and franchise counts. While countless cabinet and floor companies have gone out of business over the last few years, N-Hance has been recession resistant and maintained growth.
As everyone has experienced, when times are difficult, consumers gravitate towards companies that offer the most value. N-Hance has a value proposition that cannot be beat by any competitor. Our relatively inexpensive services are ideal for any type of economic situation. It has been a welcomed and comforting fact that what we offer is constantly in demand, regardless of economic position.
We commit heavily to innovation. We have patents in place that protect our innovative products from competitors. Currently, N-Hance has patents on our Deep Release cleaner, which creates a neutral pH level with the chemical compounds we use. This is also found in our sealer, which eliminates certain problems that are typically associated with water-based finishes used on floors or cabinets, which have been cleaned with acidic cleaners.
Our unique dust-containment system which is used with our buffers is also patented. We even patent our color films, our new application process for color transformations, and our iPad “N-Hance Visualizer” App. The more patented and successfully proven methods you have at your disposal, the more prone you are to success.
N-Hance is spreading quickly throughout the US and Canada, but there are still thousands of territories open to be claimed. Check out the map below to see if your area is open to an N-Hance franchise. Then, follow these 6 steps to get your N-Hance business off the ground and running.
**Red indicates sold territories View a larger version
More than just the rights to a franchise and access to our industry-leading features, you’re purchasing an exclusive area when you buy an N-Hance franchise. This allows you to better plan your marketing with the peace of mind that all referrals and searches will be sent to you and your website.
We have been able to identify numerous open territories, each one with an average population of 230,000 people. N-Hance understands that when it comes to purchasing your own franchise, your target area is of high importance to you as is the number of customers with whom you’re able to communication with to build unique, trusting relationships.
The N-Hance Process
N-Hance Products & Services
In order to accomplish these services, we equip our franchisees with the industry’s best equipment, products, and processes that produce amazing results and delight customers. For almost 10 years we have been committed to researching and developing an extensive product line that is compatible with all N-Hance products and is sold exclusively to N-Hance franchisees.
Getting you ready
With 15 years in the industry, we have both the experience and the procedures that allow franchisees to be successful. This system involves an 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.
You’re always taken care of as an N-Hance franchisee. You can learn more about our training procedures here!
The N-Hance corporate team is dedicated to helping our franchises grow. We understand that it’s the 180+ franchise owners that make this business run.
With 15 years in the industry, we know that we have both the experience and the procedures that allow franchises to be successful.
We base our system on hard work, which is the key to making sure we can keep up our standards and successes in the future.
Marketing + The Home Depot
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.
The Home Depot + N-Hance
After becoming an official service of The Home Depot in 2009, a three part program has been created to help franchisees gain more clients. By working with the Home Depot, you’re immediately provided with a huge source for potential clients. Learn more about this three part program below.
1. Establishing a merchandising presence in the stores
2. Conduct product and knowledge training
3. Create a strong relationship with store associates
Testimonials from N-Hance Franchisees
– Michael Depasquale
– Jeff and Pam Overfield
– David Lantow
– Mike Rozo
– Vince Philbrook
– Andy Rozo
A Day In The Life Of An N-Hance Owner
You’re The Boss
As an N-Hance franchise owner you will be the premiere wood renewal service provider in your area. Backed by The Home Depot and a nationally ran marketing campaign you will be ready for success each day.
Gathering leads, quoting potential jobs and finishing jobs will make your days feel fulfilling. Owning your own franchise gives you the flexibility and satisfaction you have always wanted in your professional life.
How Much Does It Cost?
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.
We offer major financial benefits over other franchise companies:
– In-house financing
– Low start-up costs
– Protected, exclusive territories
- *$37,125 Initial License Fee 42%
- $34,500 Initial Equipment Package 45%
- $71,625 Total Initial Investment 87%
*$37,125 initial license fee in based on the anticipated and targeted average Franchised Area Population of 180,000 people.
Interested in learning more about the cost of running an N-Hance business? Get the complete financial breakdown here!
The Details & FAQs
Franchise Start Up Fees
We offer major financial benefits over other franchise companies. Some of these benefits include: In-house financing, low start-up costs, and protected, exclusive territories. Each franchise start-up cost is calculated off the population of your area and an Initial Business set. If you are approved to be a Franchisee, you will also be approved for our In-house Financing. With our financing, most N-Hance businesses can be started using fund amounts between $45,000-$55,000.
When it comes to starting your own N-Hance business, you’ll generally have some questions along the way. After all, how can you invest in something and not have a question when it deals with the basics of a business startup? Here are a few Frequently Asked Questions to help you get started.
Although you now know much more about N-Hance Franchising, we still have a lot more to offer. Learn about the rest of the details here!