Kitchen Refresh
Bottom line
- Total investment $21K – $134K including a $6K franchise fee.
- Average unit revenue of $986K/year (median $689K).
- Rated MODERATE with a risk score of 60/100.
Item 1 · who you're contracting with
The Franchisor
Yale framework · single-unit ROIC
Returns Analysis
Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.
The model · Yale framework
What would one Kitchen Refresh unit return on the cash you put in?
Unlevered ROIC · per unit
137%
Above typical band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 Kitchen Refresh units return on equity?
Equity IRR · 5-yr
49.9%
7.57× MOIC
Year-1 DSCR
1.88×
EBITDA ÷ debt service
Equity required
$1.2M
on $5.9M purchase
Total debt
$4.7M
SBA $3.0M + senior + seller note
Overview
About
Kitchen Refresh franchisees appear to operate kitchen remodeling or refresh services, likely providing design consultation, installation, and renovation work to residential customers. Day-to-day operations likely involve customer acquisition, project estimation, supervising installations, managing subcontractors or crews, and ensuring customer satisfaction on renovation projects.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 16 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator — not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.
Government records
SBA Loan Data
Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.
No SBA loan data available for this brand.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Kitchen Refresh presents elevated risk due to recent regulatory violations, missing financial disclosures, opaque royalty terms, and an immature franchise system with only 8 units—making it difficult to validate earnings claims or assess long-term viability.
Score breakdown · what drove the 60 / 100 rating
- 01MINORRegulatory violation: Minnesota Department of Commerce Consent Order (March 2022) for selling franchises without effective registration and offering rescissions
- 02MEDMissing critical financial disclosure: Net income not disclosed despite $985,899 average revenue claim—prevents accurate ROI calculation
- 03MINORUnknown royalty structure: Lack of transparency on ongoing fees creates unpredictable cost burden and suggests potential compliance issues
- 04MINORExtremely rapid unit growth (166.7% YoY): Only 8 units total makes growth percentage unstable and system maturity questionable
- 05MINORZero franchise fee with $0 barrier to entry: Highly unusual model that may indicate difficulty attracting franchisees or reliance on royalties for franchisor revenue
- 06MEDNo Item 19 financial performance representations: Without disclosed net income, cannot validate the $985,899 average revenue claim or assess unit economics
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
Item 11
Training & Operations
Item 20
Franchisee Contacts
Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.
Franchisee contacts
19 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Kitchen Refresh · FDD (2025) PDF