NHanceFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A NHance franchise requires a total initial investment of $73K – $194K, including a $39K franchise fee. Per the 2026 FDD, average unit revenue was $625K[2]. Verdict grade: F. Run a live ROI scan →
Data last verified June 21, 2026 · figures per the 2026 FDD issuance
Overview
- Investment
- $73K – $194K
- 16th pct Home Services
- Avg gross sales
- $625K
- 22nd pct Home Services
- Royalty
- N/A
- Units
- 209
- 68th pct Home Services
- SBA default
- N/A
Quick verdict · Home Services · color = vs category peers
Green = >15% above Home Services avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Each dollar invested generates 4.7x in gross revenue, well above the typical 1.5-2.5x range.
Franchised units fell from 289 to 209 over 3 years. Investigate why operators are leaving.
Bottom line
- Total investment $73K – $194K including a $39K franchise fee.
- Average unit revenue of $625K/year (median $401K).
- Verdict F (Bottom Quintile) with a risk score of 91/100.
- System contracting at -27.7% CAGR over 3 years. Investigate whether closures are franchisor-driven (consolidation) or franchisee-driven (economics).
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- NHance, Inc.
- Parent company
- BELFOR (USA) Group, Inc.
- Ultimate parent
- ASP BF Intermediate Sub, LLC
- Incorporated in
- DE
- HQ
- 5405 Data Ct., Ann Arbor, MI 48108
- Auditor
- BDO USA, P.C.
- Audited financials
- Franchisor revenue
- $29.5M
- vs $30.1M 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
NHance franchisees operate wood refinishing and cabinet restoration services, primarily serving residential customers through on-site finishing, staining, and protective coating applications. Day-to-day operations involve customer acquisition (sales/marketing), job scheduling, on-site wood finishing work, quality control, and equipment/inventory management for finishing materials and application tools.
- CEO
- Christopher Seman
- Headquarters
- MI
- Founded
- 2012
- FDD year
- 2026
- States available
- 38
FDD Item 7 · 2026 filing · 24 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.
Single-unit · estimated
Returns at a glance
Indicative numbers using FDD Item 7 / Item 19 inputs and category-benchmarked cost ratios. Full single-unit, 25-unit portfolio, and LBO models (with every input editable to stress-test your own scenario) live on the financials page.
Store EBITDA · annual
$69K
11.0% margin
Unlevered ROIC
49%
EBITDA / total invested capital
Payback
25 mo
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $73K – $194K
- Better than avg vs category
- Liquid capital req'd
- $3K – $12K
- Better than avg vs category
- Franchise fee
- $23K – $39K
- Better than avg vs category
- Royalty
- The greater of (1) 6% of your Gross Revenue or (2) the Mi…
- 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 |
| Total fee load | 8.0% of rev |
Financial Performance
- Avg gross sales
- $625K
- Per unit, per year
- Median gross sales
- $401K
- Item 19 type
- Active Franchise Owners
- Sample size
- 67 units
- vs category median 25 · large
- Range (low → high)
- $108K→$2.9M
- Cohort dispersion (min → max)
- Quartile band
- $189K→$1.4M
- Bottom 25% → top 25%
- Transparency tier
- full
- Categorical assessment of disclosure depth
- Transparency
- 4 / 5
- vs category median 4 / 5 · typical
Compared against 349 Home Services brands
Revenue is 4.7x the investment midpoint. At typical franchise margins, this suggests a payback under 3 years.
vs Home Services averages
How NHance Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 209
- Opened
- 3
- Last reporting year
- Closed
- 49
- Turnover rate
- 23.4%
- Company-owned
- 0
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
- Net growth (yr3)
- -18.0%
- Net unit change last year
- 3-yr CAGR
- -27.7%
- Compounded over last 3 years
3-year detail · Item 20
- Transfers (3yr)
- 10
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 38 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 contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
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
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
- 0
Explore lender portfolios on Bank Reports or regional data on State Reports.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
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)
2 case reference(s): 1 pending, 1 settled.
Largest disclosed settlement: $193,673
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · BDO USA, P.C.
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Must buy proprietary products: No
- Restricted to system-approved products: No
Score breakdown · what drove the 91 / 100 rating
- 01MEDSystem contraction: 18% unit decline YoY (209 to ~171 units) indicates shrinking franchisee base and potential market saturation or operational challenges
- 02HIGHMultiple litigations: Three separate legal actions (unpaid royalties, misrepresentation claims, IP violations) suggest compliance issues, franchisor-franchisee friction, and possible quality control gaps
- 03MEDNo disclosed net income: Absence of Item 19 earnings claim prevents validation of the $625k average revenue claim and obscures true profitability for franchisees
- 04MINORHigh royalty floor: 6% minimum royalty on declining revenue base increases franchisee burden during economic downturns or slow periods
- 05HIGHLitigation 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
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 5 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 2 |
| Territory type | Geographic and population based |
| Protected territory | Yes |
| Online sales rights | Granted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 1.5 years |
| Right of first refusalℹ | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Jury trial waiver | Yes |
| Governing law | Michigan |
| Litigation count | 3 |
View Item 3 litigation summary
2 case reference(s): 1 pending, 1 settled.
Items 10, 11
Training & Operations
- Classroom training
- 21 hrs
- On-the-job training
- 51 hrs
- Training location
- On-site at franchisee's restaurant and at franchisor's facility
- 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
94 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?
According to Item 19 of the NHance FDD, the average gross sales per unit is $625K. The median is $401K. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
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 289 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 F-grade franchise with a risk score of 91 out of 100, 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.
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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.