Harris Research, Inc. Outpaces Home Improvement Services Industry with Record Franchise Growth
March 06 2015 - 7:11PM
Business Wire
Chem-Dry and N-Hance Wood Renewal Open a
Combined 205 New Franchise Units in 2014, Positive Outlook Ahead
for Both Industry Leaders
Homeowners’ quest to find cost-effective, convenient home
improvement services has created tremendous franchise development
opportunities for Harris Research, Inc.’s (HRI) two sister
companies, Chem-Dry, the world’s leading carpet and upholstery
cleaning service, and N-Hance Wood Renewal, the national partner of
The Home Depot for the refinishing of hardwood floors and kitchen
cabinets. Combined, HRI finished a banner year of franchise growth,
opening a total of 205 new franchise units in 2014.
Averaging more than 100 openings each year, Chem-Dry added 109
new franchises to its growing system of 3,500-plus units in 47
countries. Also in 2014, the brand introduced an industry first,
the 4.8 Flex Direct Drive, a sophisticated state-of-the-art
cleaning system. With more than 370 units nationwide, N-Hance Wood
Renewal finished out 2014 with the addition of 96 new franchise
units across the United States, which increased the company’s
network size by more than 25 percent. Over the past year, 20
percent of new units were expansions purchased by existing
franchisees, which is a true testament to the strength of the
company’s franchise opportunity.
“Our brands’ commitment to innovation allows us to stay ahead of
trends in the home improvement industry and remain opportunistic
about consumer demands, which has positioned us for significant
franchise growth,” said Dan Tarantin, President of HRI. “Franchise
investors are taking notice. Consumers have made it clear they are
looking for superior products and services. Chem-Dry and N-Hance
Wood Renewal directly address these needs and it has shown through
the growth of our same-store-sales and franchising efforts.”
This year, both brands are poised for significant growth as the
home services industry reaches new heights. Chem-Dry expects to add
over 120 new franchise locations throughout the United States and
Canada, with targeted growth markets east of the Mississippi River.
Nearly forty percent of these new franchise units are coming from
existing franchisees expanding their business, which demonstrates
the strength of the Chem-Dry business model. Congruently, N-Hance
Wood Renewal plans to open 100 additional units, with a focus on
expanding into such markets as Philadelphia, Baltimore and
Austin.
With high praise from leading industry publications, the
companies remain top franchise opportunities in the home services
sector. Chem-Dry has been ranked the number one carpet cleaning
franchise by Entrepreneur magazine for 27 consecutive years and has
also been featured in the magazine’s Top Home-Based Franchises list
among the top 10 concepts for 19 consecutive years. N-Hance Wood
Renewal’s continued success recently received recognition from
Entrepreneur magazine in its Franchise 500® list. Ranking No. 125,
the company has jumped up 25 spots in the list since 2011.
For more information on HRI, including Chem-Dry and N-Hance Wood
Renewal, visit www.hrisupport.com.
ABOUT CHEM-DRY
Founded in 1977, Chem-Dry is the world’s leading carpet and
upholstery cleaning service with a network of more than 3,500 units
in 47 countries serving over 10,000 homes a day worldwide. Its
green-certified solution and proprietary hot carbonating extraction
cleaning process provide a deeper clean, allow surfaces to dry
faster, and leave homes healthier. Chem-Dry has been ranked the
number one carpet cleaning franchise by Entrepreneur magazine for
27 consecutive years and has also been featured in the magazine’s
Top Home-Based Franchises list among the top 10 concepts for 19
consecutive years. For more information on franchise opportunities,
visit www.chemdryfranchise.com, or to request a quote or schedule a
cleaning, visit www.chemdry.com. Chem-Dry is owned by Harris
Research, Inc., which is also the founder and owner of the
fast-growing N-Hance Wood Renewal franchise.
ABOUT N-HANCE WOOD RENEWAL
Based in Logan, UT and founded in 2001, N-Hance Wood Renewal is
the trusted partner of Home Depot. N-Hance is backed by Harris
Research, Inc., the same company that grew Chem-Dry into the
world’s largest carpet cleaning company. A proprietary chemical
abrasion and refinishing technique requires no sanding and can cost
1/5 of the cost of re-facing or replacing cabinets. N-Hance has 372
franchises in the U.S. and Canada. For more information, please
visit http://www.nhance.com/ or visit http://nhancefranchise.com/
to learn about franchise opportunities.
Fishman Public RelationsAlicia Aldrich,
847-945-1300aaldrich@fishmanpr.com