Logan, Utah, N-Hance, a wood floor and cabinet renewal system franchise, has been named the leading franchise opportunity for home improvement and miscellaneous services in Entrepreneur Magazine‘s annual Franchise 500 rankings. N-Hance beat-out 31 franchises in its category based on several quantifiable measures of franchise operations. In all, the home improvement category is divided into seven sub-categories, including building, decorating, siding, furniture.
“The strong showing is a direct result of the success of N-Hance franchise owners, our continuous growth and our organization’s capabilities,” said Craig Donaldson, CEO of N-Hance. “In the last year, the interest in home improvement franchises has exploded as consumers look for smart alternatives to expensive replacement; we are one of the pioneers in wood floor and cabinet renewal and our successes reinforce our ranking.”
Started in 1980, the Top 500 ranking is published in the January issue of Entrepreneur Magazine. Using a proprietary formula, franchises are evaluated on objective, quantifiable measures of operation. Key factors are audited, including financial strength and stability, growth rate, size of the system, number of years in business, length of time franchising, startup costs, litigation, percentage of terminations and whether the company provides financing. Franchises are then ranked by a cumulative score.