Franchisor

Summary of Kitchen Tune-Up Franchise

Franchisor Name

Kitchen Tune-Up

Status

Active

Visit Franchisor Website

Revenue (2018)

$510,967

Business Opportunity

KTU Worldwide, Inc. franchisees provide unique on-site wood restoration and repair services along with offering replacement cabinet doors, cabinet refacing materials, cabinet painting, replacement cabinet hardware, new cabinets, granite sealing, and shelf organizers, and other services and products generally relating to home improvement and remodeling.

Corporate Structure

Kitchen Tune-Up is a South Dakota corporation that was incorporated on April 15, 1988. Their principal business address is 813 Circle Drive, Aberdeen, SD 57401.

Investment and Franchisee Fees

The total investment necessary to begin the operation of a single Kitchen Tune-Up franchise is $94,973.50 to $129,077.50 This includes the $72,000 that must be paid to the franchisor.

Franchisor Background

Year Founded

Year when franchising entity was formed

1988

Parent Company

Corporate owner of franchising entity

KTU Worldwide Inc.

CEO

Chief Executive Officer of Franchisor

Heidi Morrissey

Franchise Units

Size of franchisee system

177

Industry

High level industry category

Professional Services

Initial Franchisee Requirements

Net Worth Required

Minimum net worth required to be franchisee

$350,000

Liquid Capital Required

Minimum liquid capital required to be franchisee

$50,000

Minimum Investment

Lowest reported franchise investment cost

$64,400

Maximum Investment

Highest reported franchise investment cost

$105,150

Minimum Franchise Fee

Minimum initial fee payable to franchisor

$72,000

Maximum Franchise Fee

Maximum initial fee payable to franchisor

Unknown

Other Considerations for Franchisees

Initial Term

Length of initial franchise agreement

10 years

Renewal Term

Length of franchise agreement if renewed

10 years

Number of Franchisor Lawsuits

Between franchisors and franchisees

Number of Director Bankruptcies

Franchisor directors, and franchise entities

7% of your Gross Revenue. Gross Revenue rate of 7% or a minimum Royalty Fee of $950 per month

National Marketing Fee

1% of your monthly Gross Revenue, or $400, whichever is greater for a Standard Market Franchise and $600 for each Executive Franchise Agreement.

Local Marketing Fee

minimum of $2,500 per month or 5% to 10% of your Gross Revenue

Distribution of Kitchen Tune-Up Franchisees

Kitchen Tune-Up Franchise System Development in 2017

Kitchen Tune-Up Revenue

Average Franchisee Revenue for 2018

FAQ

How much investment do I need to start my own Kitchen Tune-Up business?

Franchisees typically require at least $64,400 to $105,150 investment to get their Kitchen Tune-Up business started

What are the initial franchise fees for Kitchen Tune-Up?

We don’t know exactly how much the franchise fees are for Kitchen Tune-Up, but we can tell you that other franchises in the Professional Services sector typically need to pay between $14,376 and $20,273 to the franchisor

How much money can I make with a Kitchen Tune-Up franchise? What are the average revenues for a typical Kitchen Tune-Up business?

We haven’t done the math on how much revenue a typical Kitchen Tune-Up brings in each year. We estimate that other franchisees in the Professional Services industry general $817,089 revenue, so we would expect Kitchen Tune-Up to generate a similar amount

How long do I need to commit to running a Kitchen Tune-Up unit? What is my contractual commitment?

Kitchen Tune-Up franchisees are typically required to sign up to a 10 year contract initially. The renewal length is 10 years. You can of course exit early but don’t expect to get any refund!