In this exclusive Franchise Chatter FDD Talk post, you’ll learn the following:
Section I – Estimated initial investment (franchise costs) for a Kitchen Solvers franchise, based on Item 7 of the company’s 2023 FDD
Section II – Initial franchise fee, royalty fee, and marketing fee for a Kitchen Solvers franchise, based on Items 5 and 6 of the company’s 2023 FDD
🎯Find Best-Fit Franchises Still Available in Your Target Area (Free Tool)
When I owned a UPS Store, I learned firsthand how much your ZIP code shapes your outcome. I sold my store at a premium because my territory was in a high-value area. The best areas go first, and once they're gone, they're gone. Enter your ZIP code, and a territory specialist will walk you through the franchises still available near you, drawing on information that isn't publicly accessible, saving you months of wasted research.📈Dreaming of Multi‑Unit Success? Lock In Prime Territories Before They're Gone.
Colin started as a team member at 21 and now owns 6 locations in Tampa Bay. Lisa came from marketing and built 21 in San Diego. The most successful multi-unit owners move early and secure markets with room to grow. Use our free tool to search multiple ZIP codes and find franchises where you can still stack locations, before someone else does. A franchise specialist will be in touch to present what's available.Section III – Number of franchised and company-owned Kitchen Solvers outlets at the start of the year and the end of the year for 2020, 2021, and 2022, based on Item 20 of the company’s 2023 FDD
Section IV – News updates on the Kitchen Solvers franchise opportunity
Section V – Presentation and analysis of Kitchen Solvers’ financial performance representations (average revenues and/or profits), based on Item 19 of the company’s 2023 FDD, including information on the:
- 2022 total gross revenue during the measurement period, number of territories open, and highest number of employees for each of the 22 Kitchen Solvers franchise owners representing 32 franchised outlets that were in operation for a full 12 months as of December 31, 2022 and responded to the franchisor’s survey
- 2022 average, median, high, and low gross revenue, gross revenue per job, materials expenses, installation expense, gross profit, and number of jobs for the 22 Kitchen Solvers franchise owners representing 32 franchised outlets that were in operation for a full 12 months as of December 31, 2022 and responded to the franchisor’s survey
Section VI – Key ratios, comparables, computations, and analyses for the Kitchen Solvers franchise opportunity (exclusive content for Platinum subscribers)
Section I – Kitchen Solvers Franchise Costs
- Kitchen Solvers franchise costs, based on Item 7 of the company’s 2023 FDD:
- Initial Franchise Fee: $60,000
- Pre-Opening Training: $1,200 to $2,500
- Supplies Package: $7,575
- Local Marketing: $6,000
- Rent/Leasehold Improvements: $0 to $4,500 (Showroom)
- Office Equipment and Computer System: $0 to $3,500
- Vehicle: $0 to $2,100
- Vehicle and/or Trailer Wrap: $1,800 to $2,500
- Insurance Premiums: $1,500 to $4,000
- Utility Deposits and Business Licenses: $100 to $750
- Attorneys’ Fees: $500 to $1,000
- Bookkeeping Tech Fees: $50 to $125
- Accounting Fees: $750 to $1,500
- Back Office Expenses: $0 to $450
- Installation Tools: $0 to $7,250
- Technology Fees: $264
- Additional Funds (3-month period): $20,000 to $30,000
- Total Estimated Kitchen Solvers Franchise Costs: $99,739 to $134,014
Section II – Kitchen Solvers’ Initial Franchise Fee, Royalty Fee, and Marketing Fee
- Kitchen Solvers’ initial franchise fee, royalty fee, and marketing fee, based on Items 5 and 6 of the company’s 2023 FDD:
- Initial Franchise Fee: $60,000
- Royalty Fee: an amount equal to the greater of (i) the Monthly Minimum Fee, or (ii) a specified percentage of your monthly Gross Sales
Monthly Minimum Fee
🎯Find Best-Fit Franchises Still Available in Your Target Area (Free Tool)
When I owned a UPS Store, I learned firsthand how much your ZIP code shapes your outcome. I sold my store at a premium because my territory was in a high-value area. The best areas go first, and once they're gone, they're gone. Enter your ZIP code, and a territory specialist will walk you through the franchises still available near you, drawing on information that isn't publicly accessible, saving you months of wasted research.🔴Free Webinar: 6 Under-the-Radar Franchise Concepts That Serious Buyers Should Know
Every month we feature 6 standout franchises that could be the opportunity you've been looking for, each evaluated on disclosed financials and matched to the type of buyer most likely to succeed with it. Can't attend live on October 27 at 6PM EST? Register now and we'll send you the full recording the next day. Reserve your spot here.- 0-6 months: $0
- 7-12 months: $300
- 13-24 months: $600
- After 24 months: $900
Royalty, as a Percentage of Monthly Gross Sales
- $0 to $50,000: 6%
- $50,001 to $75,000: 5.5%
- $75,001 to $100,000: 5%
- $100,001 to $125,000: 4.5%
- $125,001 to $175,000: 4%
- $175,001 to $225,000: 3.5%
- $225,001 to $275,000: 3%
- $275,001+: 2.5%
- Local Marketing: $24,000 each calendar year (with a minimum spend of $2,000 each month unless Kitchen Solvers designates or approves otherwise)
- Brand Fund Fee: 1% of Gross Sales
Section III – Number of Franchised and Company-Owned Kitchen Solvers Outlets
Franchised
2020
- Outlets at the Start of the Year: 42
- Outlets at the End of the Year: 43
- Net Change: +1
2021
- Outlets at the Start of the Year: 43
- Outlets at the End of the Year: 48
- Net Change: +5
2022
- Outlets at the Start of the Year: 48
- Outlets at the End of the Year: 50
- Net Change: +2
Company-Owned
2020
🎯Find Best-Fit Franchises Still Available in Your Target Area (Free Tool)
When I owned a UPS Store, I learned firsthand how much your ZIP code shapes your outcome. I sold my store at a premium because my territory was in a high-value area. The best areas go first, and once they're gone, they're gone. Enter your ZIP code, and a territory specialist will walk you through the franchises still available near you, drawing on information that isn't publicly accessible, saving you months of wasted research.📈Dreaming of Multi‑Unit Success? Lock In Prime Territories Before They're Gone.
Colin started as a team member at 21 and now owns 6 locations in Tampa Bay. Lisa came from marketing and built 21 in San Diego. The most successful multi-unit owners move early and secure markets with room to grow. Use our free tool to search multiple ZIP codes and find franchises where you can still stack locations, before someone else does. A franchise specialist will be in touch to present what's available.- Outlets at the Start of the Year: 0
- Outlets at the End of the Year: 0
- Net Change: 0
2021
- Outlets at the Start of the Year: 0
- Outlets at the End of the Year: 0
- Net Change: 0
2022
- Outlets at the Start of the Year: 0
- Outlets at the End of the Year: 0
- Net Change: 0
Section IV – News Updates on the Kitchen Solvers Franchise
Section V – Financial Performance Representations (Average Revenues and/or Profits) for the Kitchen Solvers Franchise (Item 19, 2023 FDD)
- As of December 31, 2022, there were 50 franchised outlets (with each “outlet” representing one franchised territory) in operation. Out of these 50 franchised outlets: (a) 5 were not in operation for a full 12 months as of December 31, 2022; and (b) 5 outlets were inactive during the 2022 Calendar Year.
- Kitchen Solvers sent Item 19 surveys to all remaining 40 franchised outlets requesting the financial performance information detail disclosed in this Item 19 (each an “Item 19 Survey”) for the 2022 calendar year (the “Measurement Period”). Twenty-two franchise owners representing 32 of the franchised outlets responded to the survey.
- Kitchen Solvers refers to these 32 outlets as the “Item 19 Outlets” and the 22 franchise owners as the “Item 19 Franchise Owners” in this Item 19 financial performance representation.
Part 1 – Gross Revenue, Number of Territories Open, and Highest Number of Employees
Franchise Owner 1
- Total Gross Revenue During Measurement Period: $3,503,463.00
- Number of Territories Open: 1
- Highest Number of Employees: 14
Franchise Owner 2
- Total Gross Revenue During Measurement Period: $2,448,701.00
- Number of Territories Open: 3
- Highest Number of Employees: 8
Franchise Owner 3
- Total Gross Revenue During Measurement Period: $1,875,863.00
- Number of Territories Open: 2
- Highest Number of Employees: 8
Franchise Owner 4
- Total Gross Revenue During Measurement Period: $1,443,451.00
- Number of Territories Open: 1
- Highest Number of Employees: 9
Franchise Owner 5
- Total Gross Revenue During Measurement Period: $1,016,752.00
- Number of Territories Open: 2
- Highest Number of Employees: 6
Franchise Owner 6
- Total Gross Revenue During Measurement Period: $986,941.00
- Number of Territories Open: 1
- Highest Number of Employees: 9
Franchise Owner 7
- Total Gross Revenue During Measurement Period: $826,838.00
- Number of Territories Open: 2
- Highest Number of Employees: 3
Franchise Owner 8
- Total Gross Revenue During Measurement Period: $635,606.00
- Number of Territories Open: 1
- Highest Number of Employees: 3
Franchise Owner 9
- Total Gross Revenue During Measurement Period: $518,932.45
- Number of Territories Open: 1
- Highest Number of Employees: 4
Franchise Owner 10
- Total Gross Revenue During Measurement Period: $491,054.60
- Number of Territories Open: 1
- Highest Number of Employees: 5
Franchise Owner 11
- Total Gross Revenue During Measurement Period: $412,178.08
- Number of Territories Open: 3
- Highest Number of Employees: 1
Franchise Owner 12
- Total Gross Revenue During Measurement Period: $410,000.00
- Number of Territories Open: 1
- Highest Number of Employees: 2
Franchise Owner 13
- Total Gross Revenue During Measurement Period: $339,295.33
- Number of Territories Open: 2
- Highest Number of Employees: 3
Franchise Owner 14
- Total Gross Revenue During Measurement Period: $338,149.44
- Number of Territories Open: 1
- Highest Number of Employees: 3
Franchise Owner 15
- Total Gross Revenue During Measurement Period: $272,000.00
- Number of Territories Open: 1
- Highest Number of Employees: 2
Franchise Owner 16
- Total Gross Revenue During Measurement Period: $249,313.64
- Number of Territories Open: 1
- Highest Number of Employees: 2
Franchise Owner 17
- Total Gross Revenue During Measurement Period: $216,012.00
- Number of Territories Open: 1
- Highest Number of Employees: 2
Franchise Owner 18
- Total Gross Revenue During Measurement Period: $206,264.86
- Number of Territories Open: 2
- Highest Number of Employees: 5
Franchise Owner 19
- Total Gross Revenue During Measurement Period: $176,690.00
- Number of Territories Open: 1
- Highest Number of Employees: 0
Franchise Owner 20
- Total Gross Revenue During Measurement Period: $164,499.34
- Number of Territories Open: 2
- Highest Number of Employees: 0
Franchise Owner 21
- Total Gross Revenue During Measurement Period: $151,850.44
- Number of Territories Open: 1
- Highest Number of Employees: 1
Franchise Owner 22
- Total Gross Revenue During Measurement Period: $151,199.00
- Number of Territories Open: 1
- Highest Number of Employees: 0
Part 2 – Average, Median, Highest, and Lowest Gross Revenue
Top Third
- Number of Franchise Owners: 7
- Average Gross Revenue: $1,728,858.43
- Highest Gross Revenue in Group: $3,503,463.00
- Lowest Gross Revenue in Group: $826,838.00
- Median Gross Revenue in Group: $1,443,451.00
- Number That Met or Exceeded the Average: 3 (43%)
Middle Third
- Number of Franchise Owners: 7
- Average Gross Revenue: $449,316.56
- Highest Gross Revenue in Group: $635,606.00
- Lowest Gross Revenue in Group: $338,149.44
- Median Gross Revenue in Group: $412,178.08
- Number That Met or Exceeded the Average: 3 (43%)
Bottom Third
- Number of Franchise Owners: 8
- Average Gross Revenue: $198,478.66
- Highest Gross Revenue in Group: $272,000.00
- Lowest Gross Revenue in Group: $151,199.00
- Median Gross Revenue in Group: $191,477.43
- Number That Met or Exceeded the Average: 4 (50%)
Part 3 – Average, Median, Highest, and Lowest Revenue Per Job
Top Third
- Number of Franchise Owners: 7
- Average Revenue Per Job: $36,458.82
- Highest Average Revenue Per Job in Group: $51,944.26
- Lowest Average Revenue Per Job in Group: $16,399.23
- Median Average Revenue Per Job in Group: $43,517.79
- Number That Met or Exceeded the Average: 4 (57%)
Middle Third
- Number of Franchise Owners: 7
- Average Revenue Per Job: $17,018.78
- Highest Average Revenue Per Job in Group: $21,693.58
- Lowest Average Revenue Per Job in Group: $13,049.82
- Median Average Revenue Per Job in Group: $17,018.78
- Number That Met or Exceeded the Average: 4 (57%)
Bottom Third
- Number of Franchise Owners: 8
- Average Revenue Per Job: $16,635.31
- Highest Average Revenue Per Job in Group: $34,377.48
- Lowest Average Revenue Per Job in Group: $8,904.06
- Median Average Revenue Per Job in Group: $14,428.24
- Number That Met or Exceeded the Average: 2 (25%)
Part 4 – Average, Median, Highest, and Lowest Number of Jobs
Top Third
- Number of Franchise Owners: 7
- Average Number of Jobs: 57
- Highest Number of Jobs in Group: 126
- Lowest Number of Jobs in Group: 19
- Median Number of Jobs in Group: 62
- Number That Met or Exceeded the Average: 4 (57%)
Middle Third
- Number of Franchise Owners: 7
- Average Number of Jobs: 28
- Highest Number of Jobs in Group: 47
- Lowest Number of Jobs in Group: 17
- Median Number of Jobs in Group: 26
- Number That Met or Exceeded the Average: 3 (43%)
Bottom Third
- Number of Franchise Owners: 8
- Average Number of Jobs: 14
- Highest Number of Jobs in Group: 28
- Lowest Number of Jobs in Group: 6
- Median Number of Jobs in Group: 13
- Number That Met or Exceeded the Average: 4 (50%)
Part 5 – Average, Median, Highest, and Lowest Overall Gross Profit Per Location
Gross Revenue
- Number of Franchise Owners: 22
- Average: $765,229.74 (100% of gross revenue)
- Highest: $3,503,463.00
- Lowest: $151,199.00
- Median: $411,089.04
- Number That Met or Exceeded the Average: 7 (32%)
Materials Expenses
- Number of Franchise Owners: 22
- Average: $278,591.66 (36% of gross revenue)
- Highest: $1,279,401.70
- Lowest: $24,100.00
- Median: $156,576.36
- Number That Met or Exceeded the Average: 5 (23%)
Installation Expense
- Number of Franchise Owners: 22
- Average: $154,075.79 (20% of gross revenue)
- Highest: $1,173,292.00
- Lowest: $ –
- Median: $78,037.18
- Number That Met or Exceeded the Average: 9 (41%)
Gross Profit
- Number of Franchise Owners: 22
- Average: $306,012.02 (40% of gross revenue)
- Highest: $1,387,441.00
- Lowest: $24,531.00
- Median: $128,325.86
- Number That Met or Exceeded the Average: 7 (32%)
Number of Jobs
- Number of Franchise Owners: 22
- Average: 32
- Highest: 126
- Lowest: 6
- Median: 21
- Number That Met or Exceeded the Average: 6 (27%)
- “Gross Sales” means the total reported revenues and receipts from the sale of all products and services sold through each Item 19 Outlet. Gross Sales does not include sales tax.
- “Range” provides the lowest and highest outcome experienced for each category.
- “Job” means a customer contract for one job.
- “Materials Expenses” means the cost of all direct materials purchased by the Item 19 Outlet to complete all customer projects during the Measurement Period.
- “Installation Expense” means the total amount of money spent on all subcontracted and employed labor needed to install and fulfill customer contract obligations by the Item 19 Outlet.
- For purposes of Part 5, “Gross Profit” is defined as Gross Sales less Materials Expenses and Installation Expense.
- For purposes of Materials Expenses and Installation Expense, a franchisee is considered to have met or exceeded the average if they experienced total expense amounts equal to or less than the related averages identified in the tables above.
- The Percentages of Gross Sales presented in Part 5 are disclosed to allow for the factoring in of the Materials Expenses incurred in connection with the performance of jobs.
- Some outlets have earned this amount. Your individual results may differ. There is no assurance that you’ll earn as much.
Section VI – Kitchen Solvers Franchise Ratios, Comparables, Computations, and Analyses (Exclusive Content for Platinum Subscribers) ⬇️
To Access the Rest of This Article and Other Premium, Income-Enhancing Content, Subscribe Now or Log In.
Gain the Insider Information (and Actual Earnings Data) You Need to Make a Safe and Smart Franchise Investment. Click Here to Learn More.
Gain
the Insider Information (and Actual Earnings Data) You Need to Make a
Safe and Smart Franchise Investment - See more at:
https://www.franchisechatter.com/register/#sthash.le7wKJKM.dpuf
The Best of Franchise Chatter
🥇The Most Profitable Franchises of 2026
🥈Franchises Ranked by Average Revenues
🥉Franchises Ranked by Average Profits
🏆Franchise Winners, Survivors & Losers
Subscribe Now or Log In
Franchise Chatter is reader-supported. We may receive a commission for leads generated from affiliate links and banners on our site.
Leave a Reply