NHance Franchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
Analysis by FranchiseVerdict Research · Methodology
N-Hance is a home-services franchise that refinishes wood cabinets and floors with a faster, lower-mess process than replacement. Franchisees run a crew-based operation handling in-home consultations, refinishing jobs, and scheduling in a territory.
FranchiseVerdict summary · 2026
A NHance franchise requires a total initial investment of $73K – $194K, including a $23K – $39K franchise fee. The 2026 FDD does not disclose unit-level revenue (no Item 19). FranchiseVerdict grade: A (Strongest tier), an editorial assessment, not investment advice. Run a live ROI scan →
Data last verified · figures per the 2026 FDD issuance
Overview
- Investment
- $73K – $194K
- 16th pct Home Services
- Avg gross sales
- N/A
- Royalty
- N/A
- Units
- 209
- 75th pct Home Services
- SBA charge-off
- N/A
Quick verdict · Home Services · color = vs category peers
Green = favorable by >10% vs Home Services avg · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- COSTTotal investment $73K – $194K including a $39K franchise fee.
- RETURNSItem 21 financial statements are the audited consolidated statements of affiliate BFG Holdco, Inc. (formerly HRI Holdings, Inc.) and its subsidiaries (including franchisor NHI), not of the franchisor alone. BFG Holdco guarantees the franchisor's performance. Figures stated in thousands; 2023 statements audited by predecessor auditors. Net Income 2025 was $45K after net operating losses driven by prior-year goodwill impairments.
- RISKVerdict A (Strongest tier), verdict score 60/100 (higher is better).
- FLAG26 units terminated last reporting year (12.4% of the system). Ask existing franchisees why.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- NHance, Inc.
- Parent company
- BFG Holdco, Inc.
- Ultimate parent
- BELFOR Holdings, Inc.
- CEO title
- President
- Christopher Seman
- Incorporated in
- DE
- HQ
- 5405 Data Ct., Ann Arbor, MI 48108
- Auditor
- BFG Holdco, Inc. (affiliate guarantor, consolidated audited financials)
- Audited financials
- Franchisor revenue
- $30.1M
- vs $29.5M prior year
Independent franchisee associations
- Franchise Advisory Council (FAC)
Franchisee-led councils or alliances disclosed in Item 20. Indicates operator voice.
Affiliated brands
- of BFG Holdco is BELFOR Franchise Group
- BFG Holdco
Other brands the franchisor or its parent operates (Item 1).
Overview
About
- CEO
- Christopher Seman
- Headquarters
- MI
- Founded
- 2012
- FDD year
- 2026
- States available
- 38
Can you afford it, and what does the money buy?
Entry cost runs 41% below the typical home services franchise.
Source: FDD 2026 · Items 5–7
Full Item 7 breakdown24 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial License Feenot refundable | $23K | $39K | |
| Initial Package | $41K | $49K | |
| Tools and Other Equipment | $373 | $845 | |
| Business Vehicle | $0 | $60K | |
| Three Month's Rent | $0 | $8K | |
| Telephone and Business License | $400 | $4K | |
| Travel Expenses While Attending Training (if applicable) | $1K | $4K | |
| Insurance | $600 | $6K | |
| Additional Funds - 3 months | $3K | $12K | |
| Computer System | $0 | $2K | |
| Advertising - 3 months | $3K | $5K | |
| Permits and Licenses | $700 | $5K | |
| Initial License Fee (Existing Franchisees - Additional Franchise) | $23K | $34K | |
| Initial Package (Existing Franchisees - Additional Franchise) | $0 | $49K | |
| Tools and Other Equipment (Existing Franchisees - Additional Franchise) | $0 | $845 | |
| Business Vehicle (Existing Franchisees - Additional Franchise) | $0 | $60K | |
| Three Month's Rent (Existing Franchisees - Additional Franchise) | $0 | $8K | |
| Telephone and Business License (Existing Franchisees - Additional Franchise) | $0 | $4K | |
| Travel Expenses While Attending Training (Existing Franchisees - Additional Franchise) | $1K | $3K | |
| Insurance (Existing Franchisees - Additional Franchise) | $0 | $6K | |
| Total initial investment | $102K | $380K |
Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. Total is the sum of line-item lows / highs — actual costs may fall outside this range depending on market and build-out scope.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $73K – $194K
- Top 40% of category vs category
- Liquid capital req'd
- $3K – $12K
- Top 40% of category vs category
- Franchise fee
- $23K – $39K
- Top 40% of category vs category
- Royalty
- Greater of (1) 6% of Gross Revenue or (2) the Minimum Mon…
- Ad fund
- 2.0%
- typical 3–5%
- Total fee load
- 8.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Marketing / ad fund | 2.0% of gross sales |
| Technology fee | $349 |
| Transfer fee | $10K |
| Renewal fee | $3K |
| Inventory (initial) | $41K – $49K |
| Total fee load | 8.0% of rev |
What do units actually make?
Source: FDD 2026 · Item 19
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
NHance did not disclose financial performance in FDD Item 19. The ROIC and return models require Item 19 revenue. Without it all inputs are estimates. You can still run the calculator with your own assumptions by entering an expected revenue figure.
Returns model · single-unit ROIC
What would one NHance unit return on the cash you put in?
Unlevered ROIC · per unit
Estimated return on your total franchise investment, before any debt financing.
59%
Within the 30–60% "attractive franchise" band
These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.
Item 19 · Source: 2026 FDD
Financial Performance
Item 21 financial statements are the audited consolidated statements of affiliate BFG Holdco, Inc. (formerly HRI Holdings, Inc.) and its subsidiaries (including franchisor NHI), not of the franchisor alone. BFG Holdco guarantees the franchisor's performance. Figures stated in thousands; 2023 statements audited by predecessor auditors. Net Income 2025 was $45K after net operating losses driven by prior-year goodwill impairments.
- Item 19 type
- gross revenue by quartile
- Sample size
- 180
- vs category median 32 · large
- Quartile band
- $189K→$1.4M
- Bottom 25% → top 25%
- Transparency tier
- full
- Categorical assessment of disclosure depth
- Reporting year
- 2025
- Fiscal year the figures cover
- Source filing
- FDD 2026
- Disclosed in the 2026 filing, covering 2025
- Transparency
- 4 / 10
- vs category median 4 / 10 · typical
Compared against 321 Home Services brands
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Fee burden
Total ongoing fee load of 8.0% (near the Home Services average).
Disclosure
Item 19 reports outlet revenue, but not in a form that yields a per-outlet average we can compare across brands.
Operator retention
System contracting at -27.7% CAGR over 3 years. Investigate whether closures are franchisor-driven consolidation or franchisee exits.
Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.
vs Home Services averages
How NHance Compares
Is the system healthy?
Source: FDD 2026 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 209
- Opened
- 3
- Last reporting year
- Closed
- 1
- Terminated
- 26
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 22
- Term expired, not renewed (per Item 20)
- Turnover rate
- 16.3%
- Company-owned
- 0
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
- Net growth (3-yr)
- -27.7%
- Net unit change over 3 years
- 3-yr CAGR
- -27.7%
- Compounded over last 3 years
3-year detail · Item 20
- Opened (3yr)
- 7
- Closed (3yr)
- 7
- Terminated (3yr)
- 17
- Non-renewed (3yr)
- 10
- Transfers (3yr)
- 20
- Reacquired (3yr)
- 0
- Franchisor bought back
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 12 · 38 states reported
The Territory Map
FDD Item 12 reports the state count, but the specific list isn't in our current data. The map will appear once we re-extract from the FDD or enough franchisee contacts are available.
38
states with franchisees (per FDD Item 12)
A system losing more than 10% of its units year-over-year is a red flag. Check whether closures are concentrated in specific regions.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA loan disclosures. This brand has only 5 7(a) loans on file; statistical reliability is limited below 10 loans.
- Total loans
- 5
- Loan volume
- $4.8M
- Median loan
- $125K
- 50th percentile
- Charge-off rate
- N/A
- limited sample (5 loans) — rate not shown below 10
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- N/A
- 5-yr charge-off
- N/A
- Loans approved 2021+
- Active lenders
- 0
- Defaults
- N/A
Explore lender portfolios on Bank Reports or regional data on State Reports.
What could kill this investment?
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
Risk & Legal
NHance presents a CAUTION-level risk profile: a declining franchise system with active litigation, undisclosed profitability metrics, and questionable franchisee support dynamics that warrant deep due diligence before commitment.
Litigation (Item 3)
3 prior actions: (1) NHance v. Amore Contract Services – breach of contract for unpaid royalties, awarded $193,672.71 (May 2025); (2) Torok v. NHance – franchisee claims of misrepresentation, settled April 2019 with $78,000 payment to franchisee; (3) NHance v. Finishline Cabinets – trade secrets/unfair competition, settled July 2024 for $2,000 payment to NHance.
Largest disclosed settlement: $193,672
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · BFG Holdco, Inc. (affiliate guarantor, consolidated audited financials)
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
ⓘ These are the parent company's consolidated financials (the parent guarantees the franchisor), not this brand's standalone results — the figure reflects the whole corporate group, not this brand alone.
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Kickbacks from required suppliers: Yes
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 60 / 100 verdict
- 01HIGHMultiple litigations: Three separate legal actions (unpaid royalties, misrepresentation claims, IP violations) suggest compliance issues, franchisor-franchisee friction, and possible quality control gaps
- 02MEDNo disclosed net income: Absence of Item 19 earnings claim prevents validation of the $625k average revenue claim and obscures true profitability for franchisees
- 03MINORHigh royalty floor: 6% minimum royalty on declining revenue base increases franchisee burden during economic downturns or slow periods
- 04HIGHLitigation pattern: Mix of franchisor enforcement (Amore, Finishline) and franchisee complaints (Torok misrepresentation) suggests systemic relationship issues
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 8.0% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2026 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 5 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 2 |
| Territory type | protected |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory population | 250,000 |
| Online sales rightsℹ | Granted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 1 year |
| Non-compete (miles)ℹ | 10 mi |
| Right of first refusalℹ | Yes |
| RoFR response window | 30 days |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Curable defaultsℹ | 2 |
| Mandatory arbitration | Yes |
| Arbitration location | Ann Arbor, MI |
| Jury trial waiver | Yes |
| Governing law | MI |
| Litigation count | 3 |
View Item 3 litigation summary
3 prior actions: (1) NHance v. Amore Contract Services – breach of contract for unpaid royalties, awarded $193,672.71 (May 2025); (2) Torok v. NHance – franchisee claims of misrepresentation, settled April 2019 with $78,000 payment to franchisee; (3) NHance v. Finishline Cabinets – trade secrets/unfair competition, settled July 2024 for $2,000 payment to NHance.
Items 10, 11
Training & Operations
- Classroom training
- 21 hrs
- On-the-job training
- 43 hrs
- Training location
- Ann Arbor, MI (NHI facilities) or Logan, UT
- Ongoing training
- Required
- Time to open
- 1 mo
- From signing to launch
- Site selection
- franchisee
- Franchisor financing
- Offered
- Item 10
- POS system
- QuickBooks Online
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: QuickBooks Online
Item 20 · call current owners
Franchisee Contacts
109 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
NHance · FDD (2026) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a NHance franchise?
The total investment to open a NHance franchise ranges from $73K – $194K, with an initial franchise fee of $39K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do NHance franchise owners earn?
NHance does not disclose average franchise owner earnings in their FDD Item 19. Not all franchisors are required to make financial performance representations. We recommend asking existing franchisees directly about their financial experience.
What is Item 19 in the NHance FDD?
The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the NHance FDD and qualifies whose outlets they describe.
What is NHance's franchise failure rate?
SBA 7(a) loan charge-off data is not available for NHance (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
How many NHance franchise locations are there?
As of their most recent FDD filing, NHance has 209 total units in the United States, including 209 franchised units and 0 company-owned units. 3 new units were opened in the latest reporting year.
Is NHance a good franchise to buy?
FranchiseVerdict rates NHance as a A-grade franchise with a verdict score of 60 out of 100 (higher is better), based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
For franchisors
Are you the franchisor?
If you represent NHance, you can request corrections or provide updated information.
Other Home Services franchises
Compare similar franchise opportunities in the Home Services category
Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.