N-Hance Wood Refinishing Announces Three Signed Agreements in Florida, Ignites Statewide Development

N-Hance Wood Refinishing Announces Three Signed Agreements in Florida, Ignites Statewide Development

Leader in Cabinet Refinishing & Hardwood Floor Aims to Introduce 12 New Territories Across the State as Home Buying & Demand for Home Improvement Continues to Surge

February 03, 2022 // Franchising.com // MIAMI - Consumer demand for home improvement projects remains steadfast – especially amid the recent housing boom, as out-of-state buyers set Florida’s real estate market on fire. N-Hance Wood Refinishing® has seen the demand first-hand with some franchise owners reporting double digit increases in consumer leads year-over-year. As new home construction experiences its first slowdown since the start of the pandemic, home remodeling is tracking to remain strong in 2022. With this increased demand, the leading cabinet refinishing and hardwood floor franchise has announced plans to add 12 new territories throughout Florida over the next three years as eager entrepreneurs are flocking to the franchise opportunity.

Kickstarting statewide development, N-Hance recently awarded three franchise agreements. New franchise owner Jim Lafreniere signed a two-territory agreement that will bring N-Hance’s services to the Pompano Beach area in early 2022. Behind the second signed agreement are existing franchisee-sisters Irma Urbizo, Karla Urbizo and Rosibel Urbizo, who will be opening in Villages in Q1. The sisters bring with them years of experience in real estate and design. The most recent signed agreement comes from existing N-Hance franchise owner, Juan Reynauld, who has been with the system since 2007. Reynauld has seen immense success with his three existing territories that span Bradenton, Brand/Plant City, Palm Harbor, and Dunedin. Looking to further scale the business, Reynauld is bringing in a business partner to add an additional territory in Sarasota.

“Over the past two years, it’s become clear that the pandemic-induced consumer demand for home remodeling is here to stay,” said Reynauld. “Already impressed by the N-Hance business model and its exceptional leadership team, we knew timing was right to further invest and be aggressive with growth. Equipped with the tools we need to be successful, we’re well on our way to servicing more territories.”

These new territories will join 45 thriving N-Hance’s currently open and operating across the state. The franchise development executive sees immense growth opportunity to develop in key markets, with available territories in:

  • Miami and the greater Southern Florida region
  • Fort Myers and Naples
  • Gainesville
  • Florida Panhandle

N-Hance closed out 2021 with impressive system-wide sales growth and 28 signed franchise agreements. Building on this momentum, N-Hance aims to award 40 franchises in 2022. While homeowners turned to Do-It-Yourself projects throughout 2020 and 2021, there’s a trend in leaving projects such as big kitchen remodels, home office, and flooring to the professionals, according to the Lending Indicator of Remodeling Activity. With 79% of N-Hance’s revenue coming from cabinets, the franchise brand is poised for strong growth in 2022, and prospective franchisees are taking note.

“We’ve recently brought in several exceptionally strong franchisees across the state who’ve collectively raised the bar and created a great culture and reputation for our services. We look forward to continuing this legacy as we create new opportunities for entrepreneurs throughout Florida,” said D’Wayne Tanner, Senior Vice President of Franchise Sales. “We are seeing interest from entrepreneurs who already own other types of home improvement businesses looking to diversify their portfolios, as well as from people seeking entry into the booming industry with a franchise that has a proven track record of success.”

The brand’s achievements have not gone unnoticed as the franchise industry has honored N-Hance with several recent award wins including earning a spot on Franchise Time’s prestigious 2021 Top 400 ranking that names the largest U.S.-based franchise systems by systemwide sales to better encompass the biggest brands in franchising along with promising concepts in growth mode.

N-Hance sets the industry standard for hardwood refinishing. Helping lead the company’s growth is its one of a kind “Lightspeed® instant curing system” for hardwood cabinets and floors which saves customers time and money over the traditional refinishing, refacing or replacing alternatives. Decades of experience paired with backing by franchise powerhouse, BELFOR Franchise Group makes N-Hance a proven investment opportunity that is primed for growth in this new era fueled by self and home-improvement.

In the midst of the booming home services industry, N-Hance franchisees have an advantage through access to one of the most comprehensive initial and ongoing training programs in the industry. N-Hance is also an affordable, highly scalable opportunity with strong profit-potential. The initial investment to begin operations of a new N-Hance franchise ranges from $52,369 to $168,747, and the top quartile of franchisees average over $840,000.

For more information about N-Hance Wood Refinishing and the franchise opportunities throughout Florida, please visit https://nhancefranchise.com/ or call (615) 988-3754.

About N-Hance Wood Refinishing™

Founded in 2001, N-Hance Wood Refinishing is the largest wood refinishing company with nearly 450 franchises across North America. N-Hance has been featured in Martha Stewart Living, Better Homes and Gardens, HGTV and more. The brand has become a household name in the $450 Billion home improvement industry because of its innovation, eco-friendly proprietary processes, and dedication to franchisees. N-Hance Wood Refinishing is a member of the BELFOR Franchise Group family of residential and commercial services brands.

SOURCE N-Hance Wood Refinishing™

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