Homeowners’ quest to find cost-effective, convenient home improvement services has created tremendous franchise development opportunities for Harris Research, Inc.’s (HRI) two sister companies, Chem-Dry, the world’s leading carpet and upholstery cleaning service, and N-Hance Wood Renewal, the national partner of The Home Depot for the refinishing of hardwood floors and kitchen cabinets. Combined, HRI finished a banner year of franchise growth, opening a total of 205 new franchise units in 2014.
Averaging more than 100 openings each year, Chem-Dry added 109 new franchises to its growing system of 3,500-plus units in 47 countries. Also in 2014, the brand introduced an industry first, the 4.8 Flex Direct Drive, a sophisticated state-of-the-art cleaning system. With more than 370 units nationwide, N-Hance Wood Renewal finished out 2014 with the addition of 96 new franchise units across the United States, which increased the company’s network size by more than 25 percent. Over the past year, 20 percent of new units were expansions purchased by existing franchisees, which is a true testament to the strength of the company’s franchise opportunity.
“Our brands’ commitment to innovation allows us to stay ahead of trends in the home improvement industry and remain opportunistic about consumer demands, which has positioned us for significant franchise growth,” said Dan Tarantin, president of HRI. “Franchise investors are taking notice. Consumers have made it clear they are looking for superior products and services. Chem-Dry and N-Hance Wood Renewal directly address these needs and it has shown through the growth of our same-store-sales and franchising efforts.”
This year, both brands are poised for significant growth as the home services industry reaches new heights. Chem-Dry expects to add over 120 new franchise locations throughout the United States and Canada, with targeted growth markets east of the Mississippi River. Nearly forty percent of these new franchise units are coming from existing franchisees expanding their businesses, which demonstrates the strength of the Chem-Dry business model. Congruently, N-Hance Wood Renewal plans to open 100 additional units, with a focus on markets such as Philadelphia, Baltimore and Austin.
With high praise from leading industry publications, the companies remain top franchise opportunities in the home services sector. Chem-Dry has been ranked the number one carpet cleaning franchise by Entrepreneur magazine for 27 consecutive years and has also been featured in the magazine’s Top Home-Based Franchises list among the top 10 concepts for 19 consecutive years. N-Hance Wood Renewal’s continued success recently received recognition from Entrepreneur magazine in its Franchise 500® list. Ranking No. 125, the company has jumped up 25 spots in the list since 2011.
Contact Chem-Dry for more information about franchise opportunities.