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kitchen Tune-up

1. Franchise Snapshot

Why this franchise?
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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?
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Prior Visa Franchise Clients?
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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.

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.

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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.

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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
12%
6%
8%
Marketing Fee
Franchise Fee
$19,950
Total Investment Cost | Item 7
Type of Expenditure
Low Amount
High Amount
When due
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
Franchised
Total Outlets
Net Unit Growth (Recent year)
Net Unit Growth (Recent year)
Franchise Health Metrics
Franchise Value
Growth Rate
1 year / 3 years
Failure Rate
1 year / 3 years
Franchise for Sale Rate
1 year / 3 years
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
Historical financial performance representations
Litigation & Bankruptcies
% of Franchisees Undergoing Litigation
% of Franchisees with Completed Litigation
Number of Bankruptcies Disclosed
*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

*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.