How Much Does It Cost?
Kitchen Refresh represents one of the lowest cost-of-entry franchise companies. Starting with our low initial franchise fee options, and then because most franchisees already have the tools required, or they subcontract with individuals who already have the tools, this can make for minimal investment on the part of the franchisee.
Your total initial investment will range from $13,300 to $160,900.
Listed below is not a comprehensive list of expenses as we have in our Franchise Disclosure Document, but here are some of the typical one-time and startup expenses, and expense ranges, of a Kitchen Refresh franchisee:
$6,000 or $16,000 or $28,500 one-time gross initial franchise fee (no royalties); click here to learn more about the franchise tier options.
$4,000-$25,000 startup costs of a design studio buildout, initial studio lease payment, signage, carpentry and painting equipment as needed if handling the installation and painting, business cards, etc.
$0 to $20,000 one-time costs for liquid capital to cover personal income needs during the startup and traction phase. This is generally $0 or on the low end if you are already independently employed as a finish carpenter or interior designer and have work you can do as you transition to Kitchen Refresh, or if you already have another income stream from someone such as a spouse.
$0 to $1,000 per mo. to cover fixed costs that accompany leasing a small design studio space of around 250-500 sq. ft., a storage space to hold your product orders if your studio space doesn’t have it, estimating/invoicing software, as well as related expenses such as utilities, Internet access, etc. It could be as low as $0 if you already have a studio space in a suitable location, are already paying utilities, etc.
$100 per week for home office initial lead contact and follow-up. This fee does not begin until 3 months after you go live with selling. This gives you time to build up a lead funnel and to close sales.
$500 per week for weekly marketing. This also does not begin until 3 months after you go live with selling.
$100-$300 per month for smaller monthly ongoing expenses such as incidental costs.
If you already have an interior design business or home remodeling business in place, various startup costs, or capital necessary, such as personal income needs at startup, will likely be reduced or eliminated, assuming your existing business already produces sufficient personal income to satisfy your needs. You will also likely have some sales within your first 3 months, which could further offset some or all of your expenses.