Start-Up Costs and Fees |
||
| HomeVestors of America | Ace DuraFlo Systems | |
| Investment | 70000 - 426250 | 46200 - 410100 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | Varies | 6-8% |
| Advertising Fee | Varies | |
| Year Founded | 1989 | 1997 |
| Year Franchised | 1996 | 2001 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| HomeVestors of America | Ace DuraFlo Systems | |
| Experience | General business experience | Industry experience General business experience Marketing skills |
Financing Options |
||
| HomeVestors of America | Ace DuraFlo Systems | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | Yes | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| HomeVestors of America | Ace DuraFlo Systems | |
| Training | 1 week initial training | |
| Support | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market | Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | Co-op advertising, Ad slicks, National media, 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) | 25% of all franchisees own more than one unit Number of employees needed to run franchised unit: 5 Absentee ownership of franchise is allowed. (50% of current franchisees are owner/operators) |
Expansion Plans |
||
| HomeVestors of America | Ace DuraFlo Systems | |
| 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 | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| HomeVestors of America | |
| Ace DuraFlo Systems | |
| Franchise Fee | |
| HomeVestors of America | |
| Ace DuraFlo Systems | |
| Royalty Fee | |
| HomeVestors of America | Varies |
| Ace DuraFlo Systems | 6-8% |
| Advertising Fee | |
| HomeVestors of America | Varies |
| Ace DuraFlo Systems | |
| Year Founded | |
| HomeVestors of America | 1989 |
| Ace DuraFlo Systems | 1997 |
| Year Franchised | |
| HomeVestors of America | 1996 |
| Ace DuraFlo Systems | 2001 |
| Term Of Agreement | |
| HomeVestors of America | 5 years |
| Ace DuraFlo Systems | 10 years |
| Renewal Fee | |
| HomeVestors of America | |
| Ace DuraFlo Systems | $1K |
Business Experience Requirements |
|
| Experience | |
| HomeVestors of America | General business experience |
| Ace DuraFlo Systems | Industry experience General business experience Marketing skills |
Financing Options |
|
| Franchise Fees | |
| HomeVestors of America | No |
| Ace DuraFlo Systems | No |
| Start-up Costs | |
| HomeVestors of America | |
| Ace DuraFlo Systems | |
| Equipment | |
| HomeVestors of America} | |
| Ace DuraFlo Systems | |
| Inventory | |
| HomeVestors of America | |
| Ace DuraFlo Systems | |
| Receivables | |
| HomeVestors of America | |
| Ace DuraFlo Systems | |
| Payroll | |
| HomeVestors of America | |
| Ace DuraFlo Systems | |
Training & Support |
|
| Training | |
| HomeVestors of America | 1 week initial training |
| Ace DuraFlo Systems | |
| Support | |
| HomeVestors of America | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market |
| Ace DuraFlo Systems | Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | |
| HomeVestors of America | Co-op advertising, Ad slicks, Regional advertising |
| Ace DuraFlo Systems | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | |
| 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) |
| Ace DuraFlo Systems | 25% of all franchisees own more than one unit Number of employees needed to run franchised unit: 5 Absentee ownership of franchise is allowed. (50% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| 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 |
| Ace DuraFlo Systems | |
| Canada Expansion | |
| HomeVestors of America | |
| Ace DuraFlo Systems | |
| International Expansion | |
| HomeVestors of America | |
| Ace DuraFlo Systems | |