LOGAN, Utah, March 5, 2014 // GLOBE NEWSWIRE // - According to the 2013 Franchise Business Economic Outlook report released by the International Franchise Association (IFA), franchise businesses are slated to grow faster and create more jobs than the rest of the economy in 2014. The industry has created favorable growth opportunities for franchises like N-Hance Wood Renewal, which is the trusted partner of Home Depot for refinishing of hardwood floors and kitchen cabinets. The company is proud to announce that it recently signed a deal for its 300th franchise.
The company closed out 2013 by adding approximately 90 new franchises with plans to add an additional 135 franchises in 2014. Because of N-Hance Wood Renewal's continued growth, the company hired nine new corporate employees in 2013. In addition to serving homeowners, 20 percent of the business for N-Hance Wood Renewal in 2013 came from the commercial sector. Due to the company's recent success, N-Hance Wood Renewal was recently ranked in Entrepreneur magazine's 2014 Franchise 500(R) list, the world's first, best and most comprehensive franchise ranking. Recognized by entrepreneurs and franchisors as a top competitive tool of measurement, N-Hance Wood Renewal ranked No. 1 in category and was also ranked No. 40 in the magazine's Top Fastest-Growing Franchises list.
"We've always been a pretty disciplined organization and our tactics have consistently positioned us for success," said Ben Davis, President of N-Hance Wood Renewal. "We are always seeking new opportunities and partnerships to help our franchise owners remain profitable. We look forward to watching what our company can accomplish the remainder of this year."
One of the company's new franchise owners includes former Miss Arkansas Kimberly Forsyth who went on to compete in the 2006 Miss USA pageant and her husband Jared Pitney, who played for the New York Yankees. The duo recently opened an N-Hance Wood Renewal franchise in Little Rock. For the past four years, Jared and Kimberly have spent their time in real estate investment and flipping properties.
"Buying into a franchise was very appealing to us because we could instantly plug into a system that was successful and tested," said Forsyth. "We wanted a business that tied in with what we were already doing with Real Estate and where we could offer a unique service and product to our area. N-Hance Wood Renewal's partnership with Home Depot was the ultimate deciding factor for us. The instant credibility, name recognition, and marketing opportunity with Home Depot made an immediate impact on our business. We have been thrilled with our experience and are proud to offer such special and convenient services to improve our clients' homes, and look forward to a long lasting and thriving business."
Furthermore, helping lead the company's growth is the company's one of a kind "Lightspeed(TM) instant curing system" for hardwood cabinets and floors. The innovative process provides one day hardwood refinishing without the hassle of dust, mess or odor.
N-Hance Wood Renewal is offering franchisee prospects an exciting opportunity to own a thriving business in a prosperous industry. From the low costs to the company's innovative technologies, N-Hance Wood Renewal has proven to be a leader year-over-year. For more information on the N-Hance Wood Renewal franchise opportunity and available markets, visit www.nhancefranchise.com.
Based in Logan, UT and founded in 2001, N-Hance Wood Renewal is the trusted partner of Home Depot. N-Hance is backed by Harris Research, Inc., the same company that grew Chem-Dry into the world's largest carpet cleaning company. A proprietary chemical abrasion and refinishing technique requires no sanding and can cost 1/5 of the cost of re-facing or replacing cabinets. N-Hance has 300 franchises in the U.S. and Canada with 12 franchises in development. For more information, please visit http://www.nhance.com/ or visit http://nhancefranchise.com/ to learn about franchise opportunities.
SOURCE N-Hance Wood Renewal
Fishman Public Relations