Kitchen Wise specializes in designing and installing custom kitchen and bathroom products. The franchise offers tailored solutions to improve the functionality and aesthetics of customers' living spaces.
Key Insights
- Kitchen Wise has a history rooted in transforming kitchen spaces through a comprehensive approach to design, supply, and installation, providing homeowners with customized solutions that enhance functionality and aesthetics. The business model centers on a consultative process, working closely with clients from initial concept to final reveal.
- The franchise operates by empowering its franchisees with proprietary systems and processes for customer engagement, project management, and supply chain efficiency. This structured operation ensures a consistent customer experience and operational excellence across all locations.
- Operating within the home improvement and renovation sector, Kitchen Wise addresses a consistent consumer demand for updated and optimized living environments. The industry is characterized by individuals seeking to personalize their homes and increase their property value through strategic upgrades.
Franchise Fee and Costs to Open
Exploring the financial picture of Kitchen Wise 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 $139,100 - $198,000, along with a franchise fee of $65,000 - $65,000.
Financial Performance and Revenue
Yearly gross sales of $544,433 and estimated earnings of $76,221 - $97,998 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 2.4-4.4 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 Wise provides new franchisees with comprehensive training and resources. Initial training is a two-week program conducted at the Kitchen Wise headquarters. This intensive program offers in-depth operational guidance. Kitchen Wise also provides a detailed operations manual and access to ongoing support channels, empowering franchisees.
Legal Considerations
Legal considerations for a Kitchen Wise franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
Franchisees may encounter considerations regarding established local competitors offering similar renovation services. Managing project timelines, coordinating multiple trades, and ensuring consistent quality across diverse customer needs present operational complexity. A reliance on a consistent supply of specialized materials, from cabinetry to hardware, also warrants attention for seamless project delivery and customer satisfaction within the Home & Building Services sector.
Franchise Datasheet
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