Attorney’s Fees
connect-item
connect-item
As incurred

Kitchen Solvers

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

1. Franchise Snapshot

Why this franchise?
  • This is some text inside of a div block.
  • This is some text inside of a div block.
  • This is some text inside of a div block.
Franchise Status
Active
Basic Information
Industry
Home & Building Services
Category
Other
Investment Range
$101,857 - $136,807
Total US Locations
58
Franchise Units
58
Founding Year
2010
Started Offering Franchises
2010
Management Capacity
Owner Operator
Job Count
5
Prior E2 Investors?
connect-item
Prior Visa Franchise Clients?
connect-item
Royalty Fee
5%
Marketing Fee
1%
Franchise Fee
$60,000
Headquarters (City, State)
La Crosse, WI
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

Reports - Elements Webflow Library - BRIX Templates
Overview

Founded in 1982 as a home-based business, Kitchen Solvers remains on the cutting edge of the cabinet refacing industry. Now, more than 40 years later and after remodeling over 50,000 kitchens, they have evolved into much more than just an average kitchen cabinet remodeling franchise. Their mission at Kitchen Solvers is to deliver the most Pleasant Remodeling Experience. They live for the “wow” moments their customers have when they step into their new space that has been carefully designed, crafted, and installed. They combine quality products, complete and timely service, and unparalleled skill to provide clients a pleasant remodeling experience the whole time, every time.

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

In 1982, Gerald and Betty Baldner founded Kitchen Solvers as a home-based business in La Crosse, Wisconsin. They found by offering kitchen cabinet refacing, homeowners could achieve the look of a “like-new” kitchen at a much lower cost than a full remodel. In 2010, Kitchen Solvers welcomed new owners, Tom Miskowski and Wade Nolte. With their investment and strong business backgrounds, Kitchen Solvers started to see a transition of taking hard-working remodelers and really turning them into hard-working business builders. Zach Nolte, Operations Manager for Kitchen Solvers was named President of Kitchen Solvers in 2014. He took his operational background to start applying a “franchisee first” approach to Kitchen Solvers. Franchise support and growth through franchisee satisfaction, innovation, and per unit metrics is part of the everyday culture and goals.

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

As a Kitchen Solvers 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
5%
6%
6%
Marketing Fee
Franchise Fee
$60,000
Total Investment Cost | Item 7
Type of Expenditure
Low Amount
High Amount
When due
Initial Franchise Fee
$5,455
$2,813
Upon execution of Franchise Agreement
Pre-Opening Training
$5,455
$2,813
As incurred
Supplies Package
$5,455
$2,813
Upon execution of Franchise Agreement
Supplies Package
$5,455
$2,813
As incurred
Rent/Leasehold Improvements
$5,455
$2,813
As incurred
Office Equipment & Computer System
$5,455
$2,813
Before opening
Vehicle
$5,455
$2,813
Before opening
Vehicle and/or Trailer Wrap
$5,455
$2,813
Before opening
Insurance Premiums
$5,455
$5,455
Before opening
Utility Deposits and Business Licenses
$5,455
$2,813
Before opening
Bookkeeping Tech Fees
$5,455
$2,813
As incurred
Accounting Fees
$5,455
$2,813
As incurred
Back Office Expenses
$5,455
$2,813
As incurred
Installation Tools
$5,455
$2,813
As incurred
Technology Fees
$5,455
$2,813
As incurred
Additional Funds (3-month period)
$5,455
$2,813
As incurred
TOTAL
$5,455
$2,813
$5,455
$2,813
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
2021
+5
43
48
Franchised
2022
48
48
-1
2023
48
49
-1
2021
0
0
-1
Commpany-Owned
2022
0
0
0
2023
0
0
0
2021
43
48
+5
2022
48
50
+2
2023
50
49
-1
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
0
0
0
0
0
0
0
0
Franchise Health Metrics
Franchise Historical Loan Metrics
10 Year Cumulative Charge Offs by $ of Loans
23,76%
10 Year Cumulative Defaults
33,33%
3 Year Predicted Default Rate
10,17%
*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
0
% of Franchisees with Completed Litigation
0
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

*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.