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Below is an in-depth analysis and side-by-side comparison of ReNew Refinishing vs Melt Shop including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | N/A | $368,240 - $698,800 |
| Franchise Fee | N/A | $35,000 |
| Royalty Fee | - | 6% |
| Advertising Fee | - | 2% |
| Year Founded | 2006 | 2010 |
| Year Franchised | - | 2017 |
| Term Of Agreement | - | 5 Years +5+5+5 |
| Term Of Agreement | - | 5 Years +5+5+5 |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | Melt Shop is seeking well capitalized partners who are entrepreneurial and have a strong knowledge of their market. The ideal franchisee is a proven multi-unit operator in the restaurant industry. At this time we are not offering sub-franchises. |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | -/Yes |
| Start-up Costs | -/- | -/Yes |
| Equipment | -/- | -/Yes |
| Inventory | -/- | -/Yes |
| Receivables | -/- | -/Yes |
| Payroll | -/- | -/Yes |
Training & Support |
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| Training | - | On-The-Job Training: 224 hours Classroom Training: 24 hours |
| Support | - | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | - | Co-op Advertising Ad Templates Regional Advertising Social media Website development Email marketing Loyalty program/app |
| Operations | - | Number of Employees Required to Run: 15 |
Expansion Plans |
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| US Expansion | - | Yes |
| Canada Expansion | - | - |
| International Expansion | - | Yes |
Commercial Tub/Tile/Kitchen Refinishing.