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FAQ2023-10-19T04:14:53-05:00

Home Improvement Franchise FAQs

At Cabinet IQ home remodeling franchise, our customers love the way we simplify the complicated job of kitchen and bathroom remodeling. We want to do the same for our franchise process and have implemented tools to help you navigate the complexities of becoming a home services franchisee. Opening a franchise is a big step, and you’re probably wondering how everything works. Here are some answers to the questions we hear most often.

Do I need home remodeling or construction experience?2023-05-18T10:50:43-05:00

No, you don’t. Our comprehensive Franchise Owner training program will teach you everything you need to know about owning and operating a successful kitchen and bath remodeling business.

How much are Cabinet IQ startup costs?2023-05-25T07:36:30-05:00

Our initial financial investment ranges from $189,450 to $288,800, including the franchise fee of $59,500 and you must have a minimum net worth of $100,000. We also require liquid capital funds of $50,000.

Will I pay any royalty fees?2022-05-05T12:00:14-05:00

Yes, we will charge a 6% royalty fee on gross sales.

Will I pay any advertising fees?2023-05-25T07:46:37-05:00

We will require that you pay $10,000 for the expected promotional costs during your kitchen and bath remodeling business launch. You also pay ad fees amounting to 4% of your gross revenues or a minimum of $4,500 per month, plus 2% of gross revenues for the advertising fund contribution.

What recurring expenses should I expect?2022-05-05T12:04:40-05:00

Typical ongoing costs include rents, salaries, franchise fees, inventory, insurance, utilities, storage, marketing, and advertising.

How big is the home improvement industry?2023-05-18T10:54:40-05:00

The home improvement industry is anticipated to reach $450 billion in the U.S. by 2027, according to Global Market Insights. Within the industry, kitchen and bathroom remodels continue to remain popular: Median spending on kitchen and bath home improvement projects are expected to reach $85 billion in 2022, an increase of $17 billion from 2021. Nearly $104 billion total is projected to be invested in bathroom remodeling projects in 2022. Now is the time to get involved.

Does Cabinet IQ offer financing to franchisees?2023-05-25T07:56:08-05:00

Yes, Cabinet IQ offers financing to qualified home improvement franchise owner applicants.

Many have accomplished this by utilizing their 401k/IRA, business loans, SBA financing (typically the Express loan), or conventional options.

We recommend our financial lending partners at Guidant Financial:

Beegees Hebert
Senior Account Manager
Email: [email protected]

Does Cabinet IQ home services franchise offer any incentives to veterans?2023-05-18T10:56:32-05:00

Yes! Qualifying veterans and current members of the U.S. military receive a 20% reduction in the initial franchise fee for your first kitchen and bath remodeling business.

How long does the franchise agreement last?2022-05-05T12:16:50-05:00

The initial term lasts 10 years. We also provide three subsequent successor agreement options valid for three years each, which you can utilize after your initial contractual period.

How can I gauge a home services franchise location’s suitability?2023-05-18T10:57:09-05:00

Our network helps us gauge the feasibility of a home services franchise in any location. Talk to us, and we’ll provide you with details on the specific location you’re interested in pursuing.

When and how can I get started?2022-12-13T19:21:13-05:00

We are here to help you get started on this rewarding kitchen and bathroom remodeling journey, and you can always reach us to set up a meeting where we can discuss the way forward.

Where can I find the answers to more home improvement franchise FAQs?2023-05-18T10:57:53-05:00

Our franchise disclosure document (FDD) breaks down every aspect of the franchise program. Should you have additional questions, please refer to it. Better yet, feel free to call the home office, and a member of our franchise development team will be happy to speak with you

The deal gets even sweeter! You can get in on this affordable and reliable opportunity at the ground floor. We are committed to providing the simplest and most profitable kitchen remodeling franchise business model, with streamlined processes for you to succeed. Start your home remodeling franchise with Cabinet IQ today!

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