N-Hance Wood Refinishing™ Awards 500th Franchise
International Home Improvement Company Celebrates Major Growth Milestone
January 24, 2018 // Franchising.com // LOGAN, Utah - N-Hance Wood Refinishing recently celebrated reaching the 500-unit mark, which is a notable milestone in the franchise industry. The brand closed out 2017 by awarding its 500th unit in just 12 years since it started franchising in 2006. The acclaimed international company has sights set on continued growth, with plans to award 85 more franchises in 2018.
The leadership team credits much of this success to continued product and service innovation, and the brand’s exceptional franchise partners. “Over the past few years, N-Hance Wood Refinishing has expanded and diversified its home improvement service offering,” said Dan Tarantin, CEO of Harris Research Inc. “While the brand started out only providing services to refinish floors, floor refinishing now generates just 25 percent of our business as cabinet refinishing has grown to become by far the most popular service. Continued research and development has led us to introducing numerous new products and services every year, which has strengthened our franchise model and helped us attracts new franchisees.”
In addition to reaching the 500-unit network size, the brand has seen continued increases in top line sales. Since 2014, the top quartile of franchisees has seen over 30 percent growth year-over-year. The franchise network’s continued growth and success has also pushed N-Hance Wood Refinishing to new heights in the 2018 Entrepreneur’s Franchise 500 List ranking, putting it at No. 159, a jump of nearly 100 spots from its ranking of No. 258 last year.
One key factor that has driven the brand’s expansion over the past few years has been its efforts to find qualified franchisees in specific target markets, both nationally and internationally. Top development markets for 2018 include Chicago, Houston, Las Vegas, Washington D.C. and New Orleans.
“Our mission is to continue to support our N-Hance franchisees and strengthen and grow the brand to expand our leadership position in the wood refinishing market,” said Tarantin. “We have a unique, industry-leading service and our franchisees today use our products and processes to deliver a phenomenal customer experience. We expect to see continued growth by finding new franchisees who are just as passionate and through our national advertising efforts, which we ramped up last year and have generated incredible awareness and boosted local franchisee’s business as well.”
N-Hance Wood Refinishing is an innovative, affordable cabinet and floor refinishing service that renews your wood cabinets and floors without the inconvenience associated with traditional refinishing and provides much higher quality and durability than painting methods.
For more information about N-Hance and franchise opportunities, please visit http://nhancefranchise.com
About N-Hance Wood Refinishing™
Founded in 2001, N-Hance Wood Refinishing is based in Logan, Utah and is a trusted partner of the Home Depot, with a presence in more than 1,400 locations. N-Hance Wood Refinishing has more than 500 franchises across the United States, Canada, Australia and New Zealand and is backed by Harris Research, Inc., the same company that grew Chem-Dry into the world's largest carpet cleaning company.
Fishman Public Relations
SOURCE N-Hance Wood Refinishing