Franchise Summary
Description
The franchises offered are for the right to operate a business to buy, sell and rehabilitate residential and commercial properties and provide certain services to buyers and sellers. Full franchises ("Full Franchises") have a higher initial fee and lower ongoing fees than associate franchises ("Associate Franchises"), either of which may be operated on a full-time or part-time basis
Company Background
HomeVestors is a franchising company with the opportunity to open your own business. Homevestors provides all the tools and resources you need to operate a successful real estate investing franchise.
Franchise Opportunity
Buying a home is the biggest investment most people will ever make, and selling one can be equally stressful. HomeVestors franchise owners are experts at helping you sell your home fast, or finding one that's just right for you. They have extensive experience in real estate transactions and know how to get it done quickly without sacrificing quality. A HomeVestors franchise owner will help you find exactly what you need - whether it's finding a new place to live or making money by buying houses for cash. The company has been around since 2000, so they have plenty of experience with all kinds of properties from single family homes to commercial buildings. It doesn't matter if the property needs work; the team can handle everything from repairs to landscaping services and more! Plus, their website has an easy-to-use search function that lets buyers browse through listings by location, price range, number of bedrooms/b
Corporate Structure
HomeVestors of America, Inc. is a Delaware corporation incorporated on March 14, 1996 and operate under their corporate name and logos. Their principal business address is 6500 Greenville Avenue, Suite 400, Dallas, Texas 75206. They began offering franchises on September 19, 1996.
Royalties and Marketing Fees
Royalties : (2%) of the Sales Price for each Sale Transaction
Earnings Transparency
This Franchise discloses slightly more information about the financial performance of their franchisees compared to other franchises in the same industry
Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet
Financial Performance of "Standard" Units
Average Revenue Per Unit
Compared vs. Home Improvement & Remodeling Industry$603,353 / unit
Franchise Type: Standard
Average Revenue During 2022
Franchise Types Available
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Employee Contact Database
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Distribution of HomeVestors Franchisees
HomeVestors Franchise System Development in 2022
FAQ
How much investment do I need to start my own HomeVestors business?
Franchisees typically require at least $135 to $461 investment to get their HomeVestors business started
What are the initial franchise fees for HomeVestors?
Franchisees typically need to pay at least $85 in fees directly to HomeVestors in order to earn the right to launch their business
How much money can I make with a HomeVestors franchise? What are
the average revenues for a typical HomeVestors business?
We estimate that the average revenue of an individual
HomeVestors unit is approximately
$603,353. We based this on Item 19 in franchise disclosure
document
How long do I need to commit to running a HomeVestors unit? What
is my contractual commitment?
HomeVestors franchisees are typically required to sign up to a
5 year contract initially. The renewal length
is 5 years. You can of course exit early but
don’t expect to get any refund!
Accessibility
The Franchisor's investment costs ranges from
$135,000 to $461,250
which is
Much Higher
than the $0 to $0 average in the Home Improvement & Remodeling industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
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