Financially, we require $60,000 liquid capital and $150,000 net worth.
We have a sliding scale for our royalty fee, meaning the more monthly revenue, the less in the percentage you pay in royalty fees. The scale starts at 6% and slides down to 2.5%.
Each territory is carefully carved out to include 80,000 owner-occupied homes. When we build the territory, we look at how much opportunity there is thereby doing a competitive analysis and reviewing demographic information. We review the ages of the homes, home value, average household income, and other important data points to make sure the market will continue to grow. Territories are built exclusively.
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To review the investment requirements, visit our investment page.
No! In fact, most of our Kitchen Solvers locations start out with no showroom, out of their home, or in a small office space. We have business models for locations with no showroom, a small design center, or small or large showrooms.
Kitchen Solvers franchise is on the SBA-approved directory and we have vendor partnerships for additional financing options. We also offer discounts to our veterans.
Learn more about the Kitchen Solvers opportunity and profitability by reviewing this information.
There are typically 1-3 employees to start with and as many as 10 employees once more established. The amount of employees depends on revenue goals and employee capacities. It is common to have a combination of hourly and salaried employees as well as contracted workers. We do have hiring resources to assist in the hiring process as well.
Most of our Kitchen Solvers locations work Monday through Friday between the hours of 8am – 5pm. However, these hours are flexible and will depend on what you and your team are comfortable working. Most of our franchise partners say they work minimal nights and weekends.
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Gross Profit Margins