百大连锁店-Rank no. 366 – 新移民致富之路
Rank no. 366 – Kitchen Tune-Up – US
Products & Services: Residential & commercial kitchen & bath remodeling
Number of Locations: 162
Total Investment: $45.84K – 55.4K
Founded: 1986
Began Franchising: 1988
About Kitchen Tune-Up
Dave Haglund began a cabinet distributorship in 1975 and found his market niche while visiting a customer’s home in 1986. Noticing that the 6-year-old kitchen was starting to look a little run-down, but wasn’t ready to be remodeled, he offered to touch up some of the worn areas. When the customer was thrilled with the results, Haglund realized the market potential of this concept.
After years of testing and perfecting his process of restoring interior wood surfaces, Haglund began franchising in 1989. There are now Kitchen Tune-Up franchises throughout North America. Both retail and homebased franchises are available.
Franchisees offer wood restoration and repair for both residential and commercial customers, as well as finish recoating, door replacement and a branded line of custom cabinets. In addition, franchisees may offer shelf lining, replacement hardware, cabinet organizing accessories, and wood care and maintenance.
Franchise Units
| YEAR | U.S. | CANADIAN | INTERNATIONAL | COMPANY OWNED |
| 2013 | 158 | 4 | 0 | 0 |
| 2012 | 155 | 4 | 0 | 0 |
| 2011 | 140 | 6 | 0 | 0 |
| 2010 | 163 | 4 | 0 | 0 |
| 2009 | 173 | 8 | 0 | 0 |
Startup Costs, Ongoing Fees and Financing
Franchise Fee: $39,995
Ongoing Royalty Fee: 7%
Term of Franchise Agreement: 10 years, renewable
FINANCIAL REQUIREMENTS
Net Worth: $150,000
Liquid Cash Available: $40,000
OPERATIONS
Franchise can be run from home. 40% of all franchisees own more than one unit. Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators).
| FINANCING TYPE | IN-HOUSE | THIRD PARTY |
| Franchise Fee | ||
| Startup Costs | ||
| Equipment | ||
| Inventory | ||
| Accounts Receivable | ||
| Payroll |