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Description
Investment Icon

What is the Initial Investment for a Re-Bath Franchise?

To open a Re-Bath franchise, you will need to consider an initial investment ranging from $276,300 to $609,625. This includes a franchise fee of $50,000. It's essential to prepare for additional costs, which may cover equipment, inventory, and working capital. Understanding these financial commitments is crucial for aspiring franchisees to ensure they have the necessary resources to launch successfully.

Fees Icon

What are the Financial Performance Metrics for Re-Bath?

Re-Bath franchisees can expect an average annual revenue of approximately $3,926,220 per unit, with a median revenue of $2,491,961. The lowest reported annual revenue is $257,200, while the highest reaches $28,788,396. With a breakeven time of just 12 months, the investment payback period is also estimated at 12 months, indicating a potentially lucrative opportunity for franchisees who effectively manage their operations.

Revenue Icon

What Ongoing Fees Should Re-Bath Franchisees Expect?

Re-Bath franchisees are responsible for ongoing fees that include a royalty fee of 5% of gross sales and a marketing fee of 2%. These fees contribute to the overall support and branding efforts provided by Re-Bath, helping franchisees attract and retain customers. It's important for potential franchisees to factor these costs into their financial planning to ensure sustainable profitability.

Breakeven Icon

What are the Required Financial Qualifications for Re-Bath Franchisees?

To qualify for a Re-Bath franchise, prospective owners must demonstrate a net worth between $250,000 and $500,000. Additionally, having liquid cash available within the initial investment range is crucial. These financial qualifications help ensure that franchisees are prepared to handle the operational demands of running a successful Re-Bath location, ultimately contributing to the brand's overall growth and stability.

Re-Bath Franchise Financial Requirements

Below, you’ll find an overview of the initial investment needed to launch the business, along with the ongoing fees required by the franchisor to maintain operations over time.

Net Worth Required icon The minimum total assets (minus liabilities) you must possess.

i Net Worth Required:

$250,000 - $500,000
Investment Payback icon The estimated period to recoup your total investment.

i Investment Payback:

12 Months
Franchise Fee icon The initial fee paid to join the franchise system.

i Franchise Fee:

$50,000
Royalty Fee icon Ongoing percentage of revenue paid to the franchisor.

i Royalty Fee:

5%
Marketing Fee icon Regular contribution toward the franchise’s advertising fund.

i Marketing Fee:

2%
Breakeven Time icon The estimated timeframe to recover your initial costs.

i Breakeven Time:

12 Months
Initial Investment icon The total amount required to launch the franchise.

i Initial Investment:

$276,300 - $609,625
Cash Required icon The minimum liquid capital you must have on hand.

i Cash Required:

$276,300 - $609,625
Average Revenue icon The typical yearly revenue generated per franchise location.

i Average Revenue:

$3,926,220
Median Revenue icon The middle value of yearly revenue among franchise locations.

i Median Revenue:

$2,491,961
Highest Revenue icon The largest reported annual revenue among franchisees.

i Highest Revenue:

$28,788,396
Lowest Revenue icon The smallest reported annual revenue among franchisees.

i Lowest Revenue:

$257,200
Industry icon A broad sector defining similar types of franchise businesses.

i Industry:

Home Based Franchises
Category icon A more specific division within the broader industry.

i Category:

Home Repair Services
Leadership icon The key individuals guiding the franchise’s strategy and growth.

i Leadership:

Brad Hillier
Corporate Address icon The official business address of the franchisor’s headquarters.

i Corporate Address:

426 N. 44th Street, Suite 410 Phoenix, Arizona 85008
Funding Year icon Available financing options to help start the franchise.

i Funding Year:

2001
Parent Company icon The main organization that owns the franchise brand.

i Parent Company:

Home Brands Group LLC

Re-Bath Franchise Unit Growth Summary

A breakdown of corporate, franchised, and total units, with yearly net changes.

The overall number of operating franchise locations.

Total Units i

136
The number of locations owned by independent franchisees.

Franchised Units i

136
The number of locations owned and run by the franchisor.

Corporate Units i

0
Units 2021 2022 2023
Total Units 110 124 136
Net Change YoY 14 12
Franchised Units 110 124 136
Net Change YoY 14 12
Corporate Units 0 0 0
Net Change YoY 0 0
Investment About

Franchise Overview

Re-Bath is a leading bathroom remodeling franchise that specializes in transforming outdated bathrooms into beautiful, functional spaces. With a focus on quality and customer satisfaction, Re-Bath provides a wide range of services, from tub and shower replacements to complete bathroom renovations. Established with a commitment to excellence, Re-Bath has grown to become a trusted name in the home improvement industry, offering franchisees a solid business model and a recognizable brand.

Potential About

Investment Details

The initial investment to open a Re-Bath franchise ranges from $276,300 to $609,625, making it accessible for aspiring entrepreneurs looking to enter the home improvement sector. The franchise fee is set at $50,000, with ongoing royalty fees of 5% and a marketing fee of 2%. With a required net worth of $250,000 to $500,000, potential franchisees should be prepared for both the upfront costs and the financial commitment necessary for long-term success.

Metrics About

Financial Performance

Re-Bath franchises average annual revenue is approximately $3,926,220, showcasing the strong earning potential within this business model. The median annual revenue stands at $2,491,961, highlighting a significant opportunity for profitability. Franchisees can expect a breakeven time of around 12 months, with an investment payback period also estimated at 12 months, making it an attractive option for those looking to generate a quick return on investment.

Fees About

Franchise Growth

The Re-Bath franchise has demonstrated consistent growth, increasing from 110 franchised units in 2021 to 136 in 2023. This upward trend indicates a strong demand for bathroom remodeling services and an expanding market presence. With no corporate-owned units, the focus remains solely on franchised locations, allowing franchisees to benefit from a collaborative network while contributing to the overall brand growth.

Breakeven About

Operational Insights

Franchisees can expect operating expenses to be around $1,080,000 annually, which includes costs for rent, utilities, marketing, and salaries. The average gross profit margin is approximately 50.7%, allowing franchisees to maintain healthy profit margins while covering operational costs. Understanding these financial metrics is essential for franchisees to manage their businesses effectively and optimize profitability.

Units About

Support and Training

Re-Bath offers comprehensive support and training for new franchisees, ensuring they are well-prepared to launch and operate their businesses successfully. This includes initial training programs, ongoing operational support, marketing assistance, and access to proprietary systems and resources. By equipping franchisees with the necessary tools and knowledge, Re-Bath fosters a collaborative environment that promotes growth and success within the franchise network.

Frequently Asked Questions

The initial investment for a Re-Bath franchise ranges from $276,300 to $609,625, which includes the franchise fee and other startup costs.