Do you want to start a woodworking business by buying a franchise? If YES, here are 9 best woodworking franchise opportunities for sale and their cost. When you take a look at a typical home in the United States, you will find that a good number of things there are made out of wood. Some of these items include counters, cabinets, furniture, kitchenware, and most especially the floors. This goes to show that the woodworking industry in the United States is one busy industry.
The woodworking industry in the United States is an important contributor to the U.S. economy, accounting for approximately 4 percent of the total U.S. manufacturing GDP. The industry employs nearly 900,000 people; more than the automotive, chemicals and plastics industries. Many of them are situated in rural areas where employment opportunities are limited.
In 2017, U.S. hardwood producers shipped $4.04 billion worth of U.S. products to global markets; .09 billion to Greater China, including Hong Kong and Macau. The woodworking industry is also listed among the top 10 manufacturing sector employers in 47 states, and these states can boast of outputting $210 billion in products annually.
Any entrepreneur that wants to establish a business in this industry should know that he or she is into a very profitable industry, and if you want to further maximize your profits and lessen your risks, your best chance would be to buy the franchise of a successful and popular woodworking business.
While there may not be loads of woodworking businesses offering franchise in the United States, but the few that offer would give you the best chance at starting your business. We have outlined some of the best woodworking businesses that offer franchises in the United States for ease of research.
9 Best Woodworking Business Franchise Opportunities for Sale and Their Cost
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Woodcraft
Woodcraft retail stores are one of the most popular woodcraft retail stores in the United States. The company traces their history to the late 1920’s, in a small one-room shop in Boston’s North End, where a small store began providing area cabinetmakers with the kinds of essential tools they could not find elsewhere. Woodcraft stores have continued to supply the specialized tools needed by professional woodworkers and skilled craftsmen and hobbyists.
Woodcraft’s comprehensive retail selection of woodworking tools and equipment is now one of the nation’s largest and most versatile. Woodcraft is not just committed to quality woodworking tools and supplies, but they are firmly committed to the education of woodworkers, equipping them to achieve the best results they can. Woodcraft teaches over 13,000 classes a year to a little over 50,000 students.
If you have a passion for working with wood, and want to have your own business, the Woodcraft franchise program may be exactly right for you. Now, after more than 80 years, the Woodcraft name is still sounding louder than the rest in the industry.
Financial Requirements
- Initial Franchise Fee: $50,000
- Royalty/Service Fee: 5% of gross revenues
- Est. Total Initial Investment: $500,000+ Turnkey
- Minimum Market Population Required: 350,000 (20 mile radius)
- Minimum Required Worth: $750,000
- Minimum Liquid Assets: $200,000
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Board & Brush Creative Studio
Board and Brush is a DIY wood design store that let’s people design their wood signs and other creatives. Woodworking techniques combined with the latest trends and custom graphics is what created the DIY Board & Brush Creative Studio concept.
The company had started out as a “Girl’s Night Out” store in a basement, where members are served wine while they tinkered with their crafts. The crafts produced by the gathering quickly gave the founder a business idea. What started out as one studio in Wisconsin has now grown to 248 locations across the U.S., and news studios are being added up every other month.
Financial Requirements
- Initial Investment – $62,289 – $89,406
- Initial Franchise Fee – $25,000 – $25,000
- Ongoing Royalty Fee – 6%
- Ad Royalty Fee – 1%
- Veteran Incentives – 20% off franchise fee
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N-Hance wood refininshing
N-Hance is a wood refinishing franchise that uses a proprietary refinishing process and product line that requires no sanding and uses an instant-curing U.V. process for hardwood floors and kitchen cabinets.
N-Hance was started by HRI, the company behind Chem-Dry Carpet Cleaning. In the early 2000s, many Chem-Dry franchise owners began to notice their technicians were walking across thousands of damaged wood floors. N-Hance franchises began as a separate business to refinish hardwood floors and they have grown to include refinishing cabinetry, furniture and trim work.
N-Hance, the world’s largest Wood Refinishing franchise, uses proprietary solutions and refinishing techniques to restore the natural beauty of hardwood floors, cabinets and doors – at a more affordable cost and in a fraction of the time of traditional remodels.
N-Hance Wood Refinishing offers their franchises in-house financing to cover franchise fee, equipment and inventory, and they equally have relationships with third-party sources which offer financing to cover franchise fee, startup costs, equipment, inventory
Financial Requirements
- Initial Investment – $49,913 – $153,179
- Liquid Cash Requirement – $50,000
- Initial Franchise Fee – $9,413 – $42,179
- Ongoing Royalty Fee – $346-$692/mo.
- Ad Royalty Fee – $200/mo.
- Veteran Incentives – 10% off initial down payment on franchise fee
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The Rustic Brush
The Rustic Brush is a family-friendly DIY wood design and crafting studio owned and operated by everyday people who know their crafts. The company provides the best social crafting experiences for families, friends, organizations, couples, and moms looking for a fun night out.
The best part of this franchise is that no prior crafting experience is required. Their franchise owners, who are themselves many first-time business owners, are fulfilling their dreams while helping those in their community create not only great projects but lasting memories.
Financial Requirements
- Initial Investment – $63,325 – $94,500
- Net-worth Requirement – $100,000 – $200,000
- Liquid Cash Requirement – $50,000
- Initial Franchise Fee – $20,000 – $20,000
- Ongoing Royalty Fee – 6%
- Ad Royalty Fee – 0.5%
- Veteran Incentives – 10% off franchise fee
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AR Workshop
AR Workshop is a boutique DIY studio that offers hands-on classes for creating custom and charming home decor from raw materials. The company is basically an instructor-led workshop that makes custom wood signs, framed signs, canvas pillows, round signs, lazy susans, centerpiece boxes, tote bags, and more!
AR Workshop Franchising, LLC is a South Carolina Limited Liability Company that was registered on May 2, 2017. They do business under the names ANDERS RUFF and AR WORKSHOP. Their principal business address is746 Bannerman Lane, Fort Mill, SC 29715. The company is currently seeking new franchise units throughout the U.S.
Financial Requirements
- Initial Investment – $62,920 – $116,820
- Initial Franchise Fee – $25,000 – $25,000
- Ongoing Royalty Fee – 6%
- Ad Royalty Fee – 1%
- Veteran Incentives – 10% off franchise fee
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Furniture Medic
Joseph Lunsford wasn’t looking to start a business when he moved into a new home and realized that several pieces of his furniture had been damaged in transit. This what what made him to start thinking of a business in that line. Lunsford founded Furniture Medic in 1992 in response to his dissatisfaction with the long turnaround time that was common with most refurnishing shops.
In 1996, Furniture Medic was acquired by ServiceMaster. ServiceMaster’s franchise family also includes franchisors Merry Maids, Terminix and AmeriSpec.
The largest furniture and wood repair and restoration company in the world, Furniture Medic offers unique products and processes which enable work to be performed on-site, reducing costs and saving time for residential and commercial customers.
Furniture Medic is a division of The ServiceMaster Company, and financing is offered for initial franchise fees, start-up equipment, inventory, startup costs and vehicles to qualified candidates through the ServiceMaster Acceptance Company.
Financial Requirements
- Initial Investment – $80,355 – $90,732
- Net-worth Requirement – $100,000
- Liquid Cash Requirement – $25,000
- Initial Franchise Fee – $33,000 – $33,000
- Ongoing Royalty Fee – 7%
- Ad Royalty Fee – 2%
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Summit Wood Door Refinishing
Summit Wood Door Refinishing (SWDR) has been refinishing wood doors since 2003. According to the company website, it believes that the company has been refinishing wood doors exclusively longer than any company in the US.
Summit Wood Door Refinishing started at 9600 feet in the Colorado Rockies, where the UV rays and temperature extremes are far more than any other environment in the US, which can easily affect poorly crafted doors. Those original doors done way back still look as good today as they did back then, due to their unique refinishing process.
Financial Requirements
- Initial Investment – $25,000
- Liquid Cash Requirement – $30,000 – $40,000
For the first 10 franchisees, the monthly fee is a flat $650 charge for all the marketing services that will be needed to reach the top of search engines in your local area, as well as telephone support for any questions or concerns you may have. After the first 10 franchisees, they will be charging an additional $300/month for website services, or a total of $800/month.
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Miracle Doors
Miracle Doors specializes in refinishing front doors back to their original beauty. It is a fact that Mother Nature can destroy even the highest quality urethane finishes. Miracle doors have proven one day onsite restoration process that returns even the most drab and weathered doors back to their charming first impression quality.
This company which is always on the lookout for ways to improve their finished products realized they could develop higher quality sealants for their customers at the same cost as shelf sealants, and this comes with a one year guarantee. They went ahead to formulated a proprietary sealant, which they called Miracle SEAL, to use on all of their doors while other companies continue to use off the shelf products.
Miracle doors are on the lookout for franchisees that are passionate about success and possess the drive to pursue it. If you are looking for ways to start, diversify, or grow an existing business, they will provide you the training and support that may help.
Financial Requirements
- Total investment range – $32,600 to $71,400
- Franchise fee – $25,000
Your costs may be less if you are already in the remodeling or refinishing business.
9. Archadeck Outdoor Living
The first Archadeck office opened in Richmond, Virginia, in 1980, specializing in designing and building decks, screened porches, sunrooms, gazebos and other outdoor structures. In 1985 the second office opened, the beginning of a chain serving homeowners and builders throughout the United States, Japan and the united kingdom
Archadeck Outdoor Living offers in-house financing to cover franchise fee, accounts receivable and payroll. The company also has relationships with third-party sources which offer financing to cover startup costs, equipment and inventory.
Financial Requirements
- Initial Investment – $38,825 – $103,550
- Net-worth Requirement – $100,000
- Liquid Cash Requirement – $80,000
- Initial Franchise Fee – $12,375 – $49,500
- Ongoing Royalty Fee – 3-6%
- Ad Royalty Fee – 5%
- Guarantee Fund Initial and Monthly Contributions; $5,000
- Tools and Equipment: $1,000-$2,500
- Travel and Living Expenses: $2,500-$4,500
- Computer Hardware and Software: $3,900-$4,800
- Start-up Advertising for First 3 Months: $7,500-$15,000