Start-Up Costs and Fees |
||
| Basement Living Systems USA | HomeVestors of America | |
| Investment | 190000 - 320000 | 70000 - 426250 |
| Franchise Fee | 0 | |
| Royalty Fee | 4% | Varies |
| Advertising Fee | 1% | Varies |
| Year Founded | 1953 | 1989 |
| Year Franchised | 2008 | 1996 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Basement Living Systems USA | HomeVestors of America | |
| Experience | Senior or mid- manager business experience, remodeling, or construction (home building or commercial) experience. | General business experience |
Financing Options |
||
| Basement Living Systems USA | HomeVestors of America | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | Yes |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Basement Living Systems USA | HomeVestors of America | |
| Training | Initial one week orientation and ongoing | 1 week initial training |
| Support | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market | |
| Marketing | Marketing materials are created and available | Co-op advertising, Ad slicks, Regional advertising |
| Operations | Less than 5% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Basement Living Systems USA | HomeVestors of America | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Basement Living Systems USA | |
| HomeVestors of America | |
| Franchise Fee | |
| Basement Living Systems USA | |
| HomeVestors of America | |
| Royalty Fee | |
| Basement Living Systems USA | 4% |
| HomeVestors of America | Varies |
| Advertising Fee | |
| Basement Living Systems USA | 1% |
| HomeVestors of America | Varies |
| Year Founded | |
| Basement Living Systems USA | 1953 |
| HomeVestors of America | 1989 |
| Year Franchised | |
| Basement Living Systems USA | 2008 |
| HomeVestors of America | 1996 |
| Term Of Agreement | |
| Basement Living Systems USA | 5 years +5+5+5 |
| HomeVestors of America | 5 years |
| Renewal Fee | |
| Basement Living Systems USA | $5,000 |
| HomeVestors of America | |
Business Experience Requirements |
|
| Experience | |
| Basement Living Systems USA | Senior or mid- manager business experience, remodeling, or construction (home building or commercial) experience. |
| HomeVestors of America | General business experience |
Financing Options |
|
| Franchise Fees | |
| Basement Living Systems USA | No |
| HomeVestors of America | No |
| Start-up Costs | |
| Basement Living Systems USA | |
| HomeVestors of America | |
| Equipment | |
| Basement Living Systems USA} | |
| HomeVestors of America | |
| Inventory | |
| Basement Living Systems USA | |
| HomeVestors of America | |
| Receivables | |
| Basement Living Systems USA | |
| HomeVestors of America | |
| Payroll | |
| Basement Living Systems USA | |
| HomeVestors of America | |
Training & Support |
|
| Training | |
| Basement Living Systems USA | Initial one week orientation and ongoing |
| HomeVestors of America | 1 week initial training |
| Support | |
| Basement Living Systems USA | |
| HomeVestors of America | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market |
| Marketing | |
| Basement Living Systems USA | Marketing materials are created and available |
| HomeVestors of America | Co-op advertising, Ad slicks, Regional advertising |
| Operations | |
| Basement Living Systems USA | |
| HomeVestors of America | Less than 5% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Basement Living Systems USA | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| HomeVestors of America | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | |
| Basement Living Systems USA | |
| HomeVestors of America | |
| International Expansion | |
| Basement Living Systems USA | |
| HomeVestors of America | |