Renovation Sells

Residential presale renovations

2023 Franchise 500 Rank: N/RNot ranked last year

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Initial investment: $78K - $96K

Units as of 2023: 58 5,700.0% over 3 years

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Company Overview

About Renovation Sells

Industry	Home Improvement
Related Categories	Miscellaneous Home-Improvement Businesses,Kitchen & Bath Remodeling,Building & Remodeling
Founded	2018
Parent Company	Renovation Sells Franchising LLC
Leadership	Michael Valente, Founder & CEO
Corporate Address	2370 Elston Ave. Chicago, IL 60614
Social	Facebook,LinkedIn,Instagram,YouTube

Business Overview

Franchising Since	2020(3 years)
# of employees at HQ	16
Where seeking	本公司是提供新经销商following US states: Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming
# of Units	58(as of 2023)

Information for Franchisees

Here's what you need to know if you're interested in opening a Renovation Sells franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Definition:The initial fee paid to a franchisor to join their system What you need to know:Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$50,000
Initial Investment Definition:The total amount necessary to begin operation of the franchise What you need to know:The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$77,805 - $95,824
Net Worth Requirement Definition:The minimum net worth you must have in order to qualify to become a franchisee of this company What you need to know:Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.	$350,000
Cash Requirement Definition:The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.	$50,000
Veteran Incentives Definition:A discount or other incentive offered to military veterans who buy a franchise with this company.	5% off franchise fee
Royalty Fee Definition:A ongoing fee paid to the franchisor on a regular basis. What you need to know:Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	7%
Ad Royalty Fee Definition:An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know:This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.	1%
Term of Agreement Definition:The length of time your franchise agreement will last. What you need to know:Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	10 years
Is franchise term renewable?	Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing	Renovation Sells has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training	44 hours
Classroom Training	29 hours
Ongoing Support	Newsletter Grand Opening Field Operations
Marketing Support	Social Media SEO Website Development Email Marketing

Operations

Additional details about running this franchise.

Is absentee ownership allowed?	No
Can this franchise be run from home/mobile unit? Definition:The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	Yes
Can this franchise be run part time? Definition:This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	No
Are exclusive territories available? Definition:An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know:领土的大小可能是基于rad等因素ius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	No

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Franchise 500 Ranking History

Compare where Renovation Sells landed on this year's Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where Renovation Sells ranked on other franchise lists? Find out below.

Ranked #79 in 2023

Fastest-Growing Franchises

Ranked #133 in 2023

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更新:2022年12月12日

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