At Cabinet IQ, 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 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 remodeling or construction experience?Rilind Elezaj2022-05-05T11:56:10-05:00
Our initial investment ranges from $143,350 to $223,300, including the franchise, fee of $45,000and you must have a minimum of $225,000 in available funds. We also recommend having at least 9 months of personal reserves.
Will I pay any royalty fees?Rilind Elezaj2022-05-05T12:00:14-05:00
We will require that you pay $10,000 for the expected promotional costs during your business launch. You also pay ad fees amounting to 3% of your gross revenues or a minimum of $4,500 per month, plus 2% of gross revenues for the brand development fund.
What recurring expenses should I expect?Rilind Elezaj2022-05-05T12:04:40-05:00
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 improvement projects are expected to reach $85 billion in 2022, an increase of$17 billion from 2021. Nearly $104billiontotalis projected to be invested in bathroom remodeling projects in 2022. Now is the time to get involved.
Does Cabinet IQ offer financing to franchisees?Rilind Elezaj2022-05-05T12:14:54-05:00
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 business model, with streamlined processes for you to succeed. Start your remodeling franchise with Cabinet IQ today!