Auto Insurance
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Before opening and during the year

kitchen Tune-up

Table of Content
1. Franchise Snapshot
2. Franchise Overview
3. Performance and Metrics
4. Our Take
5. Additional Resources

1. Franchise Snapshot

Franchise Status
Active
Basic Information
Industry
Home & Building Services
Category
Other
Investment Range
$129,930 - $188,850
Total US Locations
261
Franchise Units
261
Founding Year
2020
Started Offering Franchises
2020
Management Capacity
Owner Operator
Job Count
6
Prior E2 Investors?
Yes
Prior Visa Franchise Clients?
Yes
Royalty Fee
6%
Marketing Fee
1%
Franchise Fee
$19,950
Headquarters (City, State)
Aberdeen, SD
Square Footage
N/A - N/A
Retail Location?
No
Agreement Term Length
10 Years
Video

In these videos you will learn about the company firsthand. And they will also tell you in a short form about the financing of the enterprise.

*Information presented in these videos may change over time and may not reflect the most current franchise offering. Prospective franchisees should review the latest Franchise Disclosure Document (FDD) and consult directly with the franchisor for updated information.

2. Franchise Overview

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Overview

Kitchen Tune-Up specializes in affordable kitchen updates that are lucrative for their franchisees. From boring and stale to modern and breathtaking, the sales potential has been proven over and over again. Whether a homeowner simply wants to refresh the look of their kitchen, or reimagine the entire space, Kitchen Tune-Up does it all and can provide quotes for most of their services during the initial consultation. Kitchen Tune-Up offers a low-overhead, scalable business model, and can be ran as a home-based business or retail location.

Users - Elements Webflow Library - BRIX Templates
Management team / founders

Founded in 1988 by David and Cindy Haglund, Kitchen Tune-Up is a kitchen renovation franchise business that’s become a national sensation. For over 35 years, they've made it their business to profit from the most popular homeowner renovation project – the kitchen. With a network of over 180 individual franchisees in nearly 290 protected territories across the U.S. and Canada, Kitchen Tune-Up is a low investment, branded business designed to help you reach your financial dreams.

Password - Elements Webflow Library - BRIX Templates
Focus of owner for daily business operations

As a KTU Franchisee, the main facets of the business entail: 1. Selling and marketing of restoration services; 2. Management and hiring of staff; 3. Scheduling of staff to match restoration contracts; 4. Review of financials

3. Performance & Metrics

Franchisor Fees | Item 6
Franchise Value
Industry Median
All Franchises Median
Royalty Fee
6%
6%
8%
Marketing Fee
1%
2%
2%
Franchise Fee
$19,950
Total Investment Cost | Item 7
Type of Expenditure
Low Amount
High Amount
When due
Initial Franchise Fee
$19,950
When you sign the franchise agreement
Initial Territory Fee
$60,000
When you sign the franchise agreement
Travel and Living Expenses While Training
$1,750
$3,000
During Training
Office/Work Space
$500
$3,000
As incurred
Vehicle
$7,000
$30,000
Upon opening
Credit Card Processing Technology
$30
$500
Upon opening
Miscellaneous Tools and Office Supplies
$1,000
$3,000
As incurred
Miscellaneous Opening Costs
$2,000
$3,500
As incurred
Lead Safe Certification
$300
$500
As required by applicable law
Contractor’s License and Bond
$150
$1,500
As required by applicable law
Auto Insurance
$1,000
$3,000
Before opening and during the year
Commercial General Liability Insurance
$500
$2,400
Before opening and during the year
Professional Fees
$750
$3,500
Before opening
Initial Marketing – 3 months
$15,000
$25,000
During first 3 months after opening
Additional Funds – before opening and first three months
$20,000
$30,000
As incurred
Total
$129,930
$188,850
Outlets and Franchisee Information | Item 20
Outlet type
Year
Outlets at the start of the year
Outlets at the end of the year
Net change
N/A
2021
196
234
+38
Franchised
2022
234
258
+24
N/A
2023
258
274
+16
N/A
2021
0
0
0
Company-Owned
2022
0
0
0
N/A
2023
0
0
0
N/A
2021
196
234
+38
Total Outlets
2022
234
258
+24
N/A
2023
258
274
+16
Net Unit Growth (Recent year)
Net Unit Growth (Recent 3 years)
Franchise Health Metrics
Growth Rate
1 year / 3 years
Failure Rate
1 year / 3 years
Franchise for Sale Rate
1 year / 3 years
kitchen Tune-up
-5% / 12%
4% / 10%
0% / 12%
Industry median
3% / 11%
4% / 12%
0% / 3%
Franchise Health Metrics
Franchise Historical Loan Metrics
10 Year Cumulative Charge Offs by $ of Loans
10 Year Cumulative Defaults
3 Year Predicted Default Rate
*Please note the information provided here is sourced from Lumos. We do not guarantee its accuracy or completeness. For verification, please refer to Lumos directly.
Item 19 – Financial Performance Representations
Historical financial performance representations
Franchise Financials
Franchisor company financial information, if disclosed by the franchisor.
Litigation & Bankruptcies
% of Franchisees Undergoing Litigation
0%
% of Franchisees with Completed Litigation
0.38%
Number of Bankruptcies Disclosed
0%
*The litigation information displayed has been reviewed by our Product Development team. Franchises featured on this platform have been thoroughly assessed. However, Visa Franchise strongly recommends consulting with your own legal counsel for further guidance.

4. Our Take

KTU is a leader in their industry and continuously and rapidly growing due to the different solutions they offer that many competitors are not able to service. In terms of low investment, operationally simplistic businesses, Kitchen Tune-Up is a solid option that offers the franchisee the ability to scale at their own pace. The franchisor provides support in all facets of the business, from training to obtaining clients.