home improvement franchise

Leading Bathroom Remodeling Franchise Finds Development Success through Existing Franchisees.

GREENVILLE, S.C. — Re-Bath, the nation’s largest complete bathroom remodeling franchise, has announced a signed agreement for a new territory that will service the Ashville/Greenville market, spanning North Carolina and South Carolina. With large retailer partnerships contributing to the brand’s growth and market share gains driving nearly an 80% YOY increase in systemwide sales, existing and new franchisees are flocking to the franchise opportunity.

Behind this deal is current franchisee Drew Kittleson, a former professional golfer whose family has been Re-Bath franchisees for more than a decade. His family purchased the Phoenix metro market in 2010, where his dad is still the majority owner, and he started working as a sales manager before taking on more responsibility. In August 2021, Kittleson decided to purchase his own territory at 32-years-old which brought Re-Bath to the Charlotte market. Now, he looks to continue the family business and expand his portfolio with a signed agreement for Asheville/Greenville. The territory is currently open for business and the community can visit the Re-Bath showroom at 20 Freedom Pond Road Greer, SC 29650.

“My dad has always been my role model in life and in business, so being a franchisee alongside him is truly rewarding,” said Kittleson. “The support network provided by the Re-Bath team has helped our franchises grow in their respective territories and influenced my decision to purchase my first solo market, and now Asheville/Greenville. I look forward to keeping our family business going, and growing with the Re-Bath brand for many years to come.”

Re-Bath has seen proven success across the East Coast with nearly 40 territories, seven of which are in North Carolina and South Carolina. The brand has grown into a trusted and respected service provider known for expert, affordable, and effortless bathroom remodeling solutions that transform homeowners’ bathrooms in days, not weeks. Whether seeking a tub or shower area update, better accessibility and safety in your bathroom or a complete bathroom remodel, Re-Bath makes bathroom remodeling easy. The company’s exclusive remodel process removes old materials and fixtures and replaces them with beautiful new options in a wide variety of colors and styles.

“The Kittleson’s have been ideal partners for our brand with territories across the country,” said Sharon Villegas, Chief Revenue Officer of Re-Bath. “When existing franchisees decide to further invest in our system, it speaks volumes to our team and franchise opportunity. We are excited a young entrepreneur such as Drew wants to continue his entrepreneurial journey with us, and are confident he’ll help expand our footprint across the nation.”

As the largest bathroom remodeling company in the United States, Re-Bath has established a proven business model, unparalleled franchise office support, and an infrastructure for growth as it continues to seek strategic franchise partners to expand its footprint nationwide. The executive leadership team has seen immense development success across the East Coast with up to 12 territories available for growth.

Per Re-Bath’s Franchise Disclosure Document, franchisees with territories between 500,000 and 1.25 million had average revenues of over $2.35 million in 2021, up 9.5% from 2020*.

The success achieved by the brand has not gone unnoticed as Re-Bath ranked No. 2 on Qualified Remodeler‘s Top 500 Nationals List and was recognized by Entrepreneur’s Franchise 500®, the world’s first, best and most comprehensive franchise ranking. Most recently, Re-Bath earned the No. 1 spot on Bob Vila’s 2022 Best Home Improvement Contractors of 2022 Ranking for “Best Bathroom Renovations.” The franchise is building off this momentum for repeated success throughout 2022, with a goal of awarding 18 franchise agreements while strengthening performance and same-store-sales.

For more information on Re-Bath and franchise opportunities, visit www.rebathfranchise.com/ or call 888-454-8842.

For more information on Re-Bath Asheville/Greenville, visit https://www.rebath.com/location/asheville-greenville/ or call 864-668-2389.

*The figures reflect average and median sales revenue and average gross profits for 30 Re-Bath franchised businesses with territories of between 500,000 and 1.25 million residents, and which were in operation for at least one year. These averages and medians are based on a 52-week fiscal period from January 1, 2021 through December 31, 2021. Of these 30 franchised businesses, 14 (or 47%) attained or exceeded the average sales revenue and 15 (or 50%) attained or exceeded the average gross profit. Some outlets have sold this amount. Individual results may vary. There is no assurance that you will sell as much as the average. See the Re-Bath 2022 Franchise Disclosure Document for details.

Multi-Unit Franchisee Joins Leading Bathroom Remodeling Franchise as Systemwide Sales Continue to Soar.

TAMPA, Fla. — Re-Bath, the nation’s largest complete bathroom remodeling franchise, has announced a two-territory signed agreement in Florida, servicing the greater Tampa market. As demand for bathroom remodeling projects continues to soar, and market share gains drove nearly an 80% YOY increase in systemwide sales, existing and new franchisees are flocking to the franchise opportunity.

Operating these Re-Baths is Tampa resident Ryan Goetz who brings two decades of experience as a general contractor and nearly 15 years-worth of experience in the franchise industry – serving on both the corporate and franchisee side of the business. With a passion for construction and a wealth of knowledge in franchising, Goetz found his perfect match with Re-Bath. The two territories will serve Hillsborough County and Pinellas Country – reaching customers across greater Tampa, St. Petersburg, Clearwater, and beyond. While open for business now, the community will soon also have access to the Re-Bath showroom located at 5163 Le Tourneau Circle in Tampa by mid-July.

“I’ve always loved the construction world, transforming spaces for customers, and witnessing their reactions,” said Goetz. “Re-Bath, you have the backing of an incredibly strong company with a track record that has stood the test of time. Re-Bath has perfected its systems and structure with support at every level of your entrepreneurial journey. It is clear they are committed to the growth and performance of each of their franchisees, and my business partners and I look forward to being a part Re-Bath’s ongoing success while servicing the greater Tampa community.”

Re-Bath boasts incredibly strong brand awareness across Florida with seven Re-Baths across the state. The brand has grown into a trusted and respected service provider known for expert, affordable, and effortless bathroom remodeling solutions that transform homeowners’ bathrooms in days, not weeks. Whether seeking a tub or shower area update, better accessibility and safety in your bathroom or a complete bathroom remodel, Re-Bath makes bathroom remodeling easy. The company’s exclusive remodel process removes old materials and fixtures and replaces them with beautiful new options in a wide variety of colors and styles.

“Tampa is an important market for us and we could not have found a stronger partner to deliver on our exceptional customer service,” said Sharon Villegas, Chief Revenue Officer of Re-Bath. “This team’s wealth of knowledge and experience will take us to great heights. Ryan and his business partners are a tremendous add-on to our Re-Bath family as we enter into a new era of growth and continue to expand our nationwide footprint.” 

As the largest bathroom remodeling company in the United States, Re-Bath has established a proven business model, unparalleled franchise office support, and an infrastructure for growth as it continues to seek strategic franchise partners to expand its footprint nationwide. The executive leadership team has seen immense development success across Florida with one territory available for growth in the North Tampa market.

Per Re-Bath’s Franchise Disclosure Document, franchisees with territories between 500,000 and 1.25 million had average revenues of over $2.35 million in 2021, up 9.5% from 2020*.  

The success achieved by the brand has not gone unnoticed as Re-Bath ranked No. 2 on Qualified Remodeler‘s Top 500 Nationals List and was recognized by Entrepreneur’s Franchise 500®, the world’s first, best and most comprehensive franchise ranking. Most recently, Re-Bath earned the No. 1 spot on Bob Vila’s 2022 Best Home Improvement Contractors of 2022 Ranking for “Best Bathroom Renovations.” The franchise is building off this momentum for repeated success throughout 2022, with a goal of awarding 18 franchise agreements while strengthening performance and same-store-sales.

For more information on Re-Bath and franchise opportunities, visit www.rebathfranchise.com/ or call 888-454-8842.

For more information on Re-Bath Tampa, visit www.rebath.com/location/tampa/ or call 813-212-7193.

*The figures reflect average and median sales revenue and average gross profits for 30 Re-Bath franchised businesses with territories of between 500,000 and 1.25 million residents, and which were in operation for at least one year. These averages and medians are based on a 52-week fiscal period from January 1, 2021 through December 31, 2021. Of these 30 franchised businesses, 14 (or 47%) attained or exceeded the average sales revenue and 15 (or 50%) attained or exceeded the average gross profit. Some outlets have sold this amount. Individual results may vary. There is no assurance that you will sell as much as the average. See the Re-Bath 2022 Franchise Disclosure Document for details.

Leading Bathroom Remodeling Brand Earns Spot on Entrepreneur’s Franchise 500® and Ranks No. 2 on Qualified Remodeler’s Top 500 Nationals List.

PHOENIX — Re-Bath, the nation’s largest complete bathroom remodeling franchise, closed out a remarkable 2021 that reflects impressive same-store-sales growth alongside multiple franchise openings. Increased demand for bathroom remodeling projects and market share gains drove nearly 80% YOY increase in systemwide sales. Capitalizing on unprecedented demand, existing franchises are expanding and franchise development is on the rise. Re-Bath aims to award 18 franchise agreements in 2022 that will grow its unit count to 129.

“Our business is experiencing unprecedented, industry-leading growth in both new store openings and in the number of bathroom remodels,” said Re-Bath CEO, Brad Hillier. “The continued success and growth we’ve experienced – even amid the ongoing pandemic – is no doubt due to our incredible team. We’re prioritizing results, support, and innovation to lead us into this new era of growth as we expand our nationwide footprint.”

Re-Bath’s success and leading market share have not gone unnoticed. The bathroom remodeling brand ranked No. 2 on Qualified Remodeler‘s Top 500 Nationals List. Most recently, Re-Bath was recognized by Entrepreneur’s Franchise 500®, the world’s first, best and most comprehensive franchise ranking. The 43^rd annual Entrepreneur Franchise 500® is a highly sought-after honor in the franchise industry and proves to be an invaluable resource for potential franchisees. Re-Bath earned its spot on the ranking for its outstanding performance in areas including unit growth, financial strength and stability, and brand power.

“The past year has been one of the most challenging for businesses in recent memory, which made putting together our 43^rd annual Franchise 500 list more enlightening than ever,” says Entrepreneur Editor in Chief Jason Feifer. “The companies named to this year’s list showed us how being resilient, supportive, and nimble can help navigate extraordinary challenges and also underscore the grit and innovation that define entrepreneurship.”

Over its 43 years in existence, the Franchise 500® has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees. Re-Bath’s position on the ranking is a testament to its strength as a franchise opportunity.

Re-Bath has grown into a trusted and respected brand known for providing expert, affordable, and effortless bathroom remodeling solutions that transform homeowners’ bathrooms in days, not weeks. Whether seeking a tub or shower area update, better accessibility and safety in your bathroom or a complete bathroom remodel, Re-Bath makes bathroom remodeling easy. The company’s exclusive remodel process removes old materials and fixtures and replaces them with beautiful new options in a wide variety of colors and styles.

The leading bathroom remodeling franchise continues to seek qualified and engaged individuals interested in the home improvement industry who are hungry to dive into the world of franchising. Today, with more than 110 locations open, Re-Bath is on track for strategic franchise expansion across North America.

Per Re-Bath’s Franchise Disclosure Document, franchisees with territories between 500,000 and 1.25 million had average revenues of over $2.1 million in 2020, up 38% from 2019*.

For more information on Re-Bath and franchise opportunities, visit www.rebathfranchise.com or call 888-454-8842.

*  The figures reflect average and median sales revenue and average gross profits for 29 Re-Bath franchised businesses with territories of between 500,000 and 1.25 million residents, and which were in operation for at least one year. These averages and medians are based on a 52-week fiscal period from January 1, 2020 through December 31, 2020. Of these 29 franchised businesses, 11 (or 38%) attained or exceeded the average sales revenue and 17 (or 59%) attained or exceeded the average gross profit. Some outlets have sold this amount. Individual results may vary. There is no assurance that you will sell as much as the average. See the Re-Bath 2021 Franchise Disclosure Document for details.

Leading Private Equity Firm Fuels Re-Bath’s Growth as Home Services Sector Continues to Prosper.

PHOENIX — Home Brands Group Holdings Inc., the parent holding company of Re-Bath, the nation’s largest complete bathroom remodeling franchise, announced today it has been acquired by TZP Group LLC (“TZP”), a leading private equity firm with deep investment experience in home services and franchising industries, and a group of co-investors. Financial details of the transaction were not disclosed.

Re-Bath has grown into a trusted and respected brand known for providing expert, affordable, and effortless bathroom remodeling solutions that transform homeowners’ bathrooms in days, not weeks. Whether seeking a tub or shower area update, better accessibility and safety in your bathroom or a complete bathroom remodel, Re-Bath makes bathroom remodeling easy. The company’s exclusive remodel process removes old materials and fixtures and replaces them with beautiful new options in a wide variety of colors and styles.

Re-Bath’s success and leading market shared have not gone unnoticed. Ranked No. 2 on Qualified Remodeler‘s Top 500 Nationals List, Re-Bath was recognized for its consistent, strong growth and solidified its position in the industry as a top-rated franchise that now spans more than 100 locations across North America.

“We are thrilled to partner with Re-Bath and its terrific management team serving a group of committed franchisees across the U.S.,” said Vlad Gutin, Partner at TZP. “Re-Bath complements our growing portfolio of leading consumer brands. We believe Re-Bath’s unique, high-quality service offering, loyal customers, best-in-class products of leading brands and partnerships with premier, national retailers coupled with TZP’s relationships and resources can accelerate Re-Bath’s growth.”

Re-Bath is on pace to close out a remarkable 2021 following a strong 2020 that reflects impressive same-store-sales growth alongside multiple franchise openings. Increased demand for bathroom remodeling projects and market share gains drove nearly 80% YOY increase in systemwide sales year-to-date. Capitalizing on unprecedented demand, existing franchises are expanding and franchise development is on the rise. Re-Bath has signed 17 agreements year-to-date and projects signing 20 by year-end.

“We are excited to embark on our next chapter of growth with TZP’s investment representing a strong validation of the growth and success we’ve achieved and where we are headed,” said Re-Bath CEO, Brad Hillier. “Through this investment, we will be able to leverage TZP’s expertise and resources to further expand our brand to a wider audience and better serve our customers, franchisees, partners and employees. With continued investments in technology and human capital, our company will be well positioned for accelerated growth in the coming years.”

Re-Bath’s recent accelerated momentum brings it closer to the goal of becoming a billion-dollar-company. To achieve this milestone, Re-Bath plans to leverage TZP’s resources, and continue to focus on partnering with a growing number of exceptional franchisees, strengthening world-class corporate support, maximizing opportunities with national retail partners, and enhancing the customer-service experience with new technology and innovation. Combined, these efforts can propel Re-Bath to become a household name across the country.

William Blair & Company, LLC served as exclusive financial advisor, and Honigman LLP served as legal advisor to Re-Bath in connection with the transaction.

For more information on Re-Bath and franchise opportunities, visit www.rebathfranchise.com or call 888-454-8842.

About TZP Group
TZP Group, a multi-strategy private equity firm managing approximately $2.0 billion across its family of funds including TZP Capital Partners, TZP Small Cap Partners, TZP Strategies, and TZP Strategies Acquisition Corp., is focused on control, growth equity, and structured capital investments in business services and consumer companies. Founded in 2007, TZP targets companies with solid historical performance and sustainable value propositions and aims to be a “Partner of Choice” for business owners and management teams. TZP seeks to invest primarily in closely held, private companies in which the owners and management desire to retain a significant stake and partner with an investor with complementary operating and financial skills to accelerate company growth, increase profitability, and maximize the value of their retained stake. TZP leverages its investment professionals’ operating and investment experience to provide strategic and operational guidance and is dedicated to long-term value creation. For more information, please visit www.tzpgroup.com.

SOURCE Re-Bath