Kitchen Refresh Franchise Costs $21K – $134K (+ 2024 Profits) (2024)

Based in Bismarck, North Dakota, Kitchen Refresh was established in 2020 and began franchising in 2021. The franchise specializes in kitchen remodeling by using existing cabinet boxes and updating them with new doors and drawers. This method is more cost-effective and quicker than complete kitchen overhauls, offering a unique advantage in the market.

The company makes the remodeling process super easy by providing all new components, such as doors and drawer fronts, already finished and ready for installation. This efficient setup reduces the complexity and duration of projects, making it appealing to homeowners looking for a fast kitchen update and to entrepreneurs who want a straightforward business model in the home improvement industry.

Kitchen Refresh always advises its franchisees to target areas with a population of 250,000 to 350,000 within a 30-mile radius, although larger cities could have more than one franchise. This strategy allows them to cover a wide market, maximizing the potential for business growth and customer reach.

Kitchen Refresh Franchise Costs $21K – $134K (+ 2024 Profits) (1)

Number of locations

Here’s how many Kitchen Refresh there are in the US today.

TOTAL UNITS
5
FRANCHISED UNITS
5
Kitchen Refresh Franchise Costs $21K – $134K (+ 2024 Profits) (3)Kitchen Refresh
FRANCHISE FEE$6,000 – $28,500
ROYALTY FEEn.a.
INITIAL INVESTMENT$21,000 – $134,000
AVERAGE REVENUE$0
Kitchen Refresh Franchise Costs $21K – $134K (+ 2024 Profits) (5)
Kitchen Refresh Franchise Costs $21K – $134K (+ 2024 Profits) (6)

Initial investment

Here’s what you can expect to spend to start a Kitchen Refresh franchise.

Note:The table above provides a snapshot of the main costs associated with starting the most common franchise format (as disclosed in theItem 7of the Franchise Disclosure Document). For a complete overview of all the expenses involved with the various formats offered by thefranchisor, please consult the Franchise Disclosure Document.

Kitchen Refresh Franchise Costs $21K – $134K (+ 2024 Profits) (7)

Franchise fees & Royalties

Here are the main ongoing fees the franchisor will ask you to pay going forward to run the franchise.

Initial Franchise Fee

The initial franchise fee is determined by the franchise tier. A Tier 1 franchise incurs a fee of $28,500, a Tier 2 franchise is $16,000, and a Tier 3 franchise requires a fee of $6,000.

Royalty Fee

Kitchen Refresh does not require franchisees to pay a traditional royalty fee.

Brand Fund Contribution

The contribution is up to 3% of projected revenue. Currently, it is set at $0.

Required Minimum Expenditure for Local Marketing and Advertising

This fee aligns with the royalty fee structures, requiring 4% of projected revenue or $300 for Tiers 1 and 2 and $0 for Tier 3 unless standards are not met.

Site Extension Fee

The fee for extending the time to find a site is $2,500.

Opening Delay Charge

There is a monthly charge of $500 for each month the franchisee fails to commence business as required.

Lead Nurturing Services Fee

This weekly fee is $100.

Internal Systems Fee

Currently, there is no charge for internal systems, but the franchisor reserves the right to impose a fee for new or improved technology benefits.

Kitchen Refresh Franchise Costs $21K – $134K (+ 2024 Profits) (8)

Revenue & Profits

Here’s how much revenue and profits you can make with a Kitchen Refresh franchise.

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Kitchen Refresh Franchise Costs $21K – $134K (+ 2024 Profits) (9)

Compare 1,000+ franchises and download unlimited FDDs

Kitchen Refresh Franchise Costs $21K – $134K (+ 2024 Profits) (10)Kitchen Refresh
FRANCHISE FEE$6,000 – $28,500
ROYALTY FEEn.a.
INITIAL INVESTMENT$21,000 – $134,000
AVERAGE REVENUE$0
Kitchen Refresh Franchise Costs $21K – $134K (+ 2024 Profits) (12)

How to apply

Opening a Kitchen Refresh franchise involves several steps designed to ensure you are a good fit for the franchise. Here are the main steps to follow to open a Kitchen Refresh franchise.

1. Research Franchise Options

  • Investigate various Kitchen Refresh franchise opportunities available in your desired area.
  • Compare franchise fees, support, brand reputation, and success rates of different franchises.

2. Review the Franchise Disclosure Document (FDD)

  • Obtain and thoroughly review the FDD provided by Kitchen Refresh. This document contains essential information about the franchisor’s legal, financial, and operational matters.
  • Focus on items like litigation history, initial and ongoing costs, restrictions, and obligations.

3. Secure Financing

  • Determine the required investment, including franchise fees, equipment, and working capital.
  • Explore financing options such as loans, investors, or personal savings to fund the start-up costs.

4. Choose a Suitable Location

  • Find a location that aligns with the franchisor’s guidelines and has good potential for customer traffic.
  • Consider factors like demographics, market demand, and proximity to suppliers.

5. Sign the Franchise Agreement

  • After deciding to proceed, sign the franchise agreement, which legally binds you to the franchisor’s rules and procedures.
  • Ensure you understand the terms and conditions before signing.

6. Undergo Training

  • Participate in any training programs Kitchen Refresh offers to understand the business model, operations, and marketing strategies.
  • Training may include hands-on sessions, online courses, and operational support.

7. Launch Your Franchise

  • Prepare for the opening by setting up the physical location, hiring staff, and implementing the franchisor’s business systems.
  • Plan a marketing strategy to promote the grand opening and attract initial customers.

Disclaimer

Disclaimer: This content has been madefor informational and educational purposes only. We do not make any representation or warranties with respect to the accuracy, applicability, fitness, or completeness of the information presented in the article. You should not construe any such information or other material as legal, tax, investment, financial, or other professional advice. Nothing contained inthis articleconstitutes a solicitation, recommendation, endorsem*nt, advertisem*nt, or offer to buy or sell any franchises, securities, or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the franchise and/or securities laws of such jurisdiction.

All content in this article is information of a general nature and does not address the detailed circ*mstances of any particular individual or entity. Nothing in the article constitutes professional and/or financial and/or legal advice, nor does any information in the articleconstitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content in this article before making any decisions based on such information or other content.

Kitchen Refresh Franchise Costs $21K – $134K (+ 2024 Profits) (2024)

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