Start-Up Costs and Fees |
||
| HomeVestors of America | Basement Living Systems USA | |
| Investment | 70000 - 426250 | 190000 - 320000 |
| Franchise Fee | 0 | |
| Royalty Fee | Varies | 4% |
| Advertising Fee | Varies | 1% |
| Year Founded | 1989 | 1953 |
| Year Franchised | 1996 | 2008 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| HomeVestors of America | Basement Living Systems USA | |
| Experience | General business experience | Senior or mid- manager business experience, remodeling, or construction (home building or commercial) experience. |
Financing Options |
||
| HomeVestors of America | Basement Living Systems USA | |
| 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 | Basement Living Systems USA | |
| Training | 1 week initial training | Initial one week orientation and ongoing |
| Support | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market | |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | Marketing materials are created and available |
| 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 |
||
| HomeVestors of America | Basement Living Systems USA | |
| 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 | |
| HomeVestors of America | |
| Basement Living Systems USA | |
| Franchise Fee | |
| HomeVestors of America | |
| Basement Living Systems USA | |
| Royalty Fee | |
| HomeVestors of America | Varies |
| Basement Living Systems USA | 4% |
| Advertising Fee | |
| HomeVestors of America | Varies |
| Basement Living Systems USA | 1% |
| Year Founded | |
| HomeVestors of America | 1989 |
| Basement Living Systems USA | 1953 |
| Year Franchised | |
| HomeVestors of America | 1996 |
| Basement Living Systems USA | 2008 |
| Term Of Agreement | |
| HomeVestors of America | 5 years |
| Basement Living Systems USA | 5 years +5+5+5 |
| Renewal Fee | |
| HomeVestors of America | |
| Basement Living Systems USA | $5,000 |
Business Experience Requirements |
|
| Experience | |
| HomeVestors of America | General business experience |
| Basement Living Systems USA | Senior or mid- manager business experience, remodeling, or construction (home building or commercial) experience. |
Financing Options |
|
| Franchise Fees | |
| HomeVestors of America | No |
| Basement Living Systems USA | No |
| Start-up Costs | |
| HomeVestors of America | |
| Basement Living Systems USA | |
| Equipment | |
| HomeVestors of America} | |
| Basement Living Systems USA | |
| Inventory | |
| HomeVestors of America | |
| Basement Living Systems USA | |
| Receivables | |
| HomeVestors of America | |
| Basement Living Systems USA | |
| Payroll | |
| HomeVestors of America | |
| Basement Living Systems USA | |
Training & Support |
|
| Training | |
| HomeVestors of America | 1 week initial training |
| Basement Living Systems USA | Initial one week orientation and ongoing |
| Support | |
| HomeVestors of America | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market |
| Basement Living Systems USA | |
| Marketing | |
| HomeVestors of America | Co-op advertising, Ad slicks, Regional advertising |
| Basement Living Systems USA | Marketing materials are created and available |
| 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) |
| Basement Living Systems USA | |
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 |
| 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 |
| Canada Expansion | |
| HomeVestors of America | |
| Basement Living Systems USA | |
| International Expansion | |
| HomeVestors of America | |
| Basement Living Systems USA | |