Kitchen Solvers provides kitchen and bathroom update, beautification, and remodeling services for residential and commercial properties. The franchise delivers customized renovation solutions.
Key Insights
- Kitchen Solvers has a long-standing history dedicated to providing comprehensive kitchen remodeling solutions, evolving its service model over time to meet homeowner needs. The franchise operates by offering a streamlined process from design consultation to installation, focusing on delivering personalized and efficient transformations for kitchens.
- The business functions as a franchise network, enabling entrepreneurs to own and operate their own kitchen remodeling service. Franchisees benefit from established brand recognition, operational support, and proven marketing strategies within the home improvement sector.
- The franchise operates within the home improvement industry, specifically focusing on the kitchen remodeling segment. This sector sees consistent demand from homeowners seeking to update their living spaces, improve functionality, and increase property value.
Franchise Fee and Costs to Open
Exploring the financial picture of Kitchen Solvers gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $101,857 - $136,807, along with a franchise fee of $60,000 - $60,000.
Financial Performance and Revenue
Yearly gross sales of $736,175 and estimated earnings of $103,065 - $132,512 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 1.5-3.5 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Kitchen Solvers provides a comprehensive training program for new franchisees. This initial training, lasting two weeks, takes place at Kitchen Solvers' headquarters. They offer a detailed operational manual and ongoing support. The franchisor also provides marketing guidance and access to their established vendor relationships. Resources include established best practices for customer service and project management.
Legal Considerations
Legal considerations for a Kitchen Solvers franchisee are defined by the Franchise Disclosure Document (FDD) and the Franchise Agreement. This franchise does not disclose lawsuits or bankruptcy information in its FDD, but prospective franchisees should still review all terms thoroughly. Consultation with a qualified attorney is essential before making commitments.
Challenges and Risks
Franchisees may navigate local market competition by establishing distinct service offerings. Operational complexity requires efficient team management and adherence to brand standards. Reliance on specific supply chains necessitates proactive vendor relationships and contingency planning for material availability.
Franchise Datasheet
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