Franchise Deep Dive: Renovation Sells Franchise Cost, Fees, Profit and Data

LAST UPDATED: April 2024
FRANCHISE WEBSITE: https://franchise.renovationsells.com/
NUMBER OF LOCATIONS: 40
REPORTED COST TO GET IN: $79,005 to $171,484
REPORTED ROI (Item 19): not publicly available

Renovation Sells* is a franchise concept that specializes in pre-renovation home sales, delivering move-in ready homes at a significantly reduced cost and timeline compared to traditional renovations. With a focus on swift, impactful cosmetic enhancements such as cabinet painting, countertop and lighting updates, and tile replacements, the brand enhances the attractiveness of the homes it serves.

How Many Renovation Sells Locations Are There?

Founded in 2018 by Mike and Amanda Valente, Renovation Sells began offering franchise opportunities in 2021. As a result of its services, the brand was named one of the “Fastest-Growing Franchises of 2023” by Entrepreneur. 

Renovation Sells currently has 29 franchise units across the country. 

What Is Renovation Sells’ Business Model?

Renovation Sells specializes in preparing homes for quick sale at optimal prices. Its approach emphasizes cost-effective pre-sale renovations tailored to modern buyer preferences, without the expense or hassle of high-end customization.

On average, projects are finished within 21 days and cost around $27,000. With a focus on the resale market, Renovation Sells relies heavily on referrals from real estate agents. The brand’s strategy prioritizes updating homes to appeal to buyers rather than catering solely to sellers.

Franchisees oversee projects without directly handling the remodeling or design aspects. Instead, they coordinate with local tradespeople for the renovations while managing the overall project themselves.

How Much Can Renovation Sells Franchise Owners Make?

This information is not publicly available. Potential franchisees should carefully review the franchise disclosure document (FDD) and speak with existing franchisees to gain a better understanding of the potential financial performance. 

How Much Does It Cost To Open a Renovation Sells Franchise?

The initial investment required to open a Renovation Sells franchise ranges from $79,005 to $171,484. This investment is broken down into the following costs:

• Initial Franchise Fee: $50,000 - $120,000
• Initial Training Fee: $5,500
• Training Expenses: $1,500 - $3,000
• Rent Deposits: $0 - $1,500
• Utility Deposits: $0 - $500
• Signage: $200 - $500
• Office Furniture, Fixtures, Equipment and Supplies: $0 - $350
• Licenses and Permits: $550 - $1,100
• Computer Systems: $555 - $4,034
• Vehicle: $0 - $1,000
• Membership/Association Dues: $300 - $1,000
• Professional Fees: $3,400 - $6,000
• Grand Opening Advertising: $9,000
• Insurance: $3,000 - $5,000
• Operating Expenses/Additional Funds: $5,000 - $13,000

Interested candidates must also have a minimum net worth of at least $300K. 

What Is the Franchise Fee for Renovation Sells?

The initial franchise fee required to open a Renovation Sells franchise is $50,000, with a discount available for eligible veterans. This must be paid to the franchisor. Franchise owners must also pay an ongoing royalty fee of 7% of gross revenue and a 1% to 2% brand development fund contribution. 

Who’s On Renovation Sells’ Leadership Team?

• Mike Valente — Founder and CEO
• Amanda Valente — Founder and COO 
• Lisa Carrel — President
• Briana Gershenzon — Partner and Chief of Design
• John Bura — Chief Construction Officer
• Preston Krzyzak — Business Analyst 

What Helpful Articles Can I Read to Learn More About Renovation Sells?

• Renovation Sells’ Co-Founder & COO, Amanda Valente, Makes Inc.’s 2024 Female Founders List
• Renovation Sells to Offer Financing for Presale Renovations through Partnership with First National Bank of Omaha
• How Emerging Franchisor Renovation Sells is Using Technology to Fuel Franchise Growth
• The Lifestyle Benefits of Being a Renovation Sells Franchisee
• Renovation Sells Franchise Profile | Entrepreneur
• Renovation Sells Named One of the Fastest-Growing Franchises of 2023 By Entrepreneur 

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