Cabinet IQ is a high-tech cabinet and countertop company that aims to disrupt the fragmented and outdated industry by offering customers a 6-star experience for kitchen and bath remodeling, from design to installation. As the only full-service cabinet and countertop franchise, Cabinet IQ provides a streamlined process and a team with decades of experience, making it an attractive opportunity for franchisees with no prior design or construction background.
History
Founded in 2017, Cabinet IQ began franchising in 2022. The company has been recognized by the Austin Business Journal as one of the Fastest Growing Companies in the FAST 50 list for 2021 and 2022.
Numbers
Franchise Fee: $59,500
Royalties: 6%
Cash Investment: $75,000
Total Investment: $218,600 - $305,250
Net Worth Requirement: $200,000
2024 FDD shows $3,129,177 in Average Gross Revenues and $497,917 in Average Gross Profit
Benefits for the Franchisee
Low Investment. Cabinet IQ aims to keep the investment as low as possible, with a starting investment of only $218,600, thanks to vendor-subsidized showrooms that do not require grade-A real estate.
Massive Revenue Potential. The 2024 FDD shows impressive Average Gross Revenues and Average Gross Profit, demonstrating the significant earning potential for franchisees.
Easier to Scale. Franchisees can take advantage of the "hub and spoke" model, where the primary warehouse and showroom act as a hub, and additional showrooms can be added as spokes as the brand grows.
Laser-Focused Product Line. By focusing solely on cabinets and countertops, Cabinet IQ simplifies the business for franchisees and ensures the best profit margins.
Unique Industry Position. Cabinet IQ occupies a niche position in the booming remodel industry, being the only brand explicitly focused on selling and installing cabinets and countertops.
Minimal Employees Required. Franchisees can start their business with just themselves and one employee, as subcontractors handle the installation process.
Lead Generation Support. The Cabinet IQ corporate team assists franchisees in obtaining customers through various marketing strategies, including SEO, Google Ads, social media, a call center, direct mail, and cold-calling.
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