Start-Up Costs and Fees |
||
| HomeVestors of America | American Leak Detection | |
| Investment | 70000 - 426250 | 76755 - 259550 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | Varies | 6-10% |
| Advertising Fee | Varies | |
| Year Founded | 1989 | 1974 |
| Year Franchised | 1996 | 1984 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| HomeVestors of America | American Leak Detection | |
| Experience | General business experience | General business experience Marketing skills |
Financing Options |
||
| HomeVestors of America | American Leak Detection | |
| 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 | American Leak Detection | |
| Training | 1 week initial training | On-The-Job Training: 40 hours Classroom Training: 40 hours Additional Training: Annual convention |
| Support | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market | Newsletter Meetings/Conventions Toll-Free Line Online Support Field Operations Proprietary Software Franchisee Intranet Platform |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | Co-op Advertising National Media Regional Advertising SEO Website development |
| 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) | Franchise can be run from home. International franchisees required to buy multiple units/master licenses; 7% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 - 3 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
||
| HomeVestors of America | American Leak Detection | |
| 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 | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory | |
| International Expansion | Australia/New Zealand, Canada, Central America, Eastern Europe, Japan, Mexico, South America, Western Europe, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| HomeVestors of America | |
| American Leak Detection | |
| Franchise Fee | |
| HomeVestors of America | |
| American Leak Detection | |
| Royalty Fee | |
| HomeVestors of America | Varies |
| American Leak Detection | 6-10% |
| Advertising Fee | |
| HomeVestors of America | Varies |
| American Leak Detection | |
| Year Founded | |
| HomeVestors of America | 1989 |
| American Leak Detection | 1974 |
| Year Franchised | |
| HomeVestors of America | 1996 |
| American Leak Detection | 1984 |
| Term Of Agreement | |
| HomeVestors of America | 5 years |
| American Leak Detection | 10 years |
| Renewal Fee | |
| HomeVestors of America | |
| American Leak Detection | |
Business Experience Requirements |
|
| Experience | |
| HomeVestors of America | General business experience |
| American Leak Detection | General business experience Marketing skills |
Financing Options |
|
| Franchise Fees | |
| HomeVestors of America | No |
| American Leak Detection | No |
| Start-up Costs | |
| HomeVestors of America | |
| American Leak Detection | |
| Equipment | |
| HomeVestors of America} | |
| American Leak Detection | |
| Inventory | |
| HomeVestors of America | |
| American Leak Detection | |
| Receivables | |
| HomeVestors of America | |
| American Leak Detection | |
| Payroll | |
| HomeVestors of America | |
| American Leak Detection | |
Training & Support |
|
| Training | |
| HomeVestors of America | 1 week initial training |
| American Leak Detection | On-The-Job Training: 40 hours Classroom Training: 40 hours Additional Training: Annual convention |
| Support | |
| HomeVestors of America | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market |
| American Leak Detection | Newsletter Meetings/Conventions Toll-Free Line Online Support Field Operations Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| HomeVestors of America | Co-op advertising, Ad slicks, Regional advertising |
| American Leak Detection | Co-op Advertising National Media Regional Advertising SEO Website development |
| 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) |
| American Leak Detection | Franchise can be run from home. International franchisees required to buy multiple units/master licenses; 7% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 - 3 Absentee ownership of franchise is NOT allowed. (100% 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 |
| American Leak Detection | |
| Canada Expansion | |
| HomeVestors of America | |
| American Leak Detection | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory |
| International Expansion | |
| HomeVestors of America | |
| American Leak Detection | Australia/New Zealand, Canada, Central America, Eastern Europe, Japan, Mexico, South America, Western Europe, |