Cabinet IQ Claimed
Cabinet IQ Franchise For Sale
Cabinet IQ is a high-tech cabinet and countertop company disrupting a sleepy, fragmented, outdated Industry. We found that many cabinet and countertop companies do a poor job of giving their customers a 5-star experience; they have low-tech systems, outdated showrooms, poor communication, and subpar installation. Cabinet IQ is here to fill that gap!
Cabinet IQ is a high-tech cabinet and countertop company disrupting a sleepy, fragmented, outdated industry. By implementing streamlined processes, using advanced technology, and providing strong communication, this brand offers customers a 6-star experience for kitchen and bath remodeling, from design to installation!
Business Features
Low Investment: At Cabinet IQ, we aim to keep our investment as low as possible. Because our showrooms do not need grade A real estate and are subsidized by vendors, our investment starts at only $218,600
Massive Revenue Potential: Our 2023 FDD shows $2,257,551 in Average Gross Revenues and $1,071,021 in Average Gross Profit!
Easier to Scale Than You Think: If Owners are wanting to scale their Cabinet IQ business, they can take advantage of our “hub and spoke” model where the primary warehouse and showroom act as a hub, and the additional showrooms can be added as spokes while the brand grows.
Laser Focused Product Line: At Cabinet IQ, we focus only on cabinets and countertops. This minimal product line allows us to simplify the business for Franchise Owners and focus on what we are good at! Also, we found that focusing on only cabinets and countertops has proven to produce the best profit margins.
Unique Position in the Industry: Our laser focus on only cabinets and countertops puts us in a niche position in the booming remodel industry. While other franchise concepts focus on full kitchen remodels or small kitchen refinishing jobs, we are the only brand explicitly focused on selling and installing these two products.
Minimal Employees Required: With our business model, Franchise Owners can start their business with themselves and one employee. Because we utilize subcontractors for the installation, the Franchise Owner and their employees will only be responsible for sales, design, and operations.
We Help Owners Generate Leads: Our corporate team is dedicated to ensuring the success of Franchise Owners by helping them obtain customers. We assist with SEO, Google Ads, and social media, but we also dive much deeper than these traditional marketing practices. We have a call center that reaches out to individuals who pulled remodeling permits, and we also mail letters and cold-calls neighbors of people who have already had services!
Franchise Background
Franchised Units: 38
Company Owned Units: 2
States Registered In: Non-Registration States IN, MI, SD (def), & WI.
Sold Out Markets: Austin, TX, Hunstville, AL, Lubbock, TX, Savannah, GA, Raleigh, NC, Charlotte, NC
We plan to register in all states except HI & ND with our 2024 FDD
Canada Franchises: No
International Franchises: No
Financial Terms
Minimum Net Worth: $200,000
Franchise Fee: $59,500
Royalty: 6%
Ad: 2% - No brand fund year 1 - 2% year 2
Item 19: Yes
Average Number of Employees: 2
Visa Candidates: No
Passive Ownership: Yes
Home-Based: No
B2B: Yes
Master Franchise Opportunities: No
Veteran Discount: Yes
Support & Training
Lease Negotiation Assistance: Yes
Recruiting Assistance: No
Cooperative Advertising: Yes
Training
Our initial training includes 159 hours of in classroom and 70 hours of
on-the-job learning. The training program is run in three stages: video
courses and quizzes, two weeks at our headquarters in Austin, TX, and
one week onsite at the Franchise Owner's location. During this time, we
cover everything an Owner needs to know to be successful, including
daily operations, marketing, sales, kitchen and bath design, and job site
processes.
Ongoing Support
The corporate support team will be at the Owner's new location
before they open and for the grand opening. They will conduct weekly
calls and help with ongoing design support. The Cabinet IQ team is
also partnered with a real estate company that assists new Owners in
finding a location.
Marketing
The corporate team assists with outbound cold calling to set appointments for contractors and designers. We have a call center that calls every person in a county who has pulled a remodeling permit to pitch our business, and we also mail letters to and cold-call neighbors of people who have had services. The corporate team will also oversee SEO and give Owners access to a third party agency that runs Google and Facebook ads. Since 30% of our business comes from B2B sources like contractors, interior designers, and architects, we help our Franchise Owners how to build and maintain these relationships.
Ideal Candidate
We are looking for the following skills/characteristics:
Owner-Operator
Sales and management experience
Passionate about providing 5 star service
Process oriented
Ability to lead a team
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