Start-Up Costs and Fees |
||
| HomeVestors of America | California Closet Company | |
| Investment | 70000 - 426250 | 127500 - 377000 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | Varies | 6% |
| Advertising Fee | Varies | |
| Year Founded | 1989 | 1978 |
| Year Franchised | 1996 | 1982 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| HomeVestors of America | California Closet Company | |
| Experience | General business experience | Industry experience General business experience Marketing skills |
Financing Options |
||
| HomeVestors of America | California Closet Company | |
| 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 | California Closet Company | |
| Training | 1 week initial training | On-site operational instruction Training for designer, installation, and production staff Proprietary technology for sales, design, and operational systems management |
| Support | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market | Media planning Local and national advertising collateral Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | Co-op advertising, 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) | Number of employees needed to run franchised unit: 8 - 10 Absentee ownership of franchise is NOT allowed. |
Expansion Plans |
||
| HomeVestors of America | California Closet Company | |
| 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 | |
| California Closet Company | |
| Franchise Fee | |
| HomeVestors of America | |
| California Closet Company | |
| Royalty Fee | |
| HomeVestors of America | Varies |
| California Closet Company | 6% |
| Advertising Fee | |
| HomeVestors of America | Varies |
| California Closet Company | |
| Year Founded | |
| HomeVestors of America | 1989 |
| California Closet Company | 1978 |
| Year Franchised | |
| HomeVestors of America | 1996 |
| California Closet Company | 1982 |
| Term Of Agreement | |
| HomeVestors of America | 5 years |
| California Closet Company | 10 years |
| Renewal Fee | |
| HomeVestors of America | |
| California Closet Company | 50% of franchise fee |
Business Experience Requirements |
|
| Experience | |
| HomeVestors of America | General business experience |
| California Closet Company | Industry experience General business experience Marketing skills |
Financing Options |
|
| Franchise Fees | |
| HomeVestors of America | No |
| California Closet Company | No |
| Start-up Costs | |
| HomeVestors of America | |
| California Closet Company | |
| Equipment | |
| HomeVestors of America} | |
| California Closet Company | |
| Inventory | |
| HomeVestors of America | |
| California Closet Company | |
| Receivables | |
| HomeVestors of America | |
| California Closet Company | |
| Payroll | |
| HomeVestors of America | |
| California Closet Company | |
Training & Support |
|
| Training | |
| HomeVestors of America | 1 week initial training |
| California Closet Company | On-site operational instruction Training for designer, installation, and production staff Proprietary technology for sales, design, and operational systems management |
| Support | |
| HomeVestors of America | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market |
| California Closet Company | Media planning Local and national advertising collateral Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations |
| Marketing | |
| HomeVestors of America | Co-op advertising, Ad slicks, Regional advertising |
| California Closet Company | Co-op advertising, 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) |
| California Closet Company | Number of employees needed to run franchised unit: 8 - 10 Absentee ownership of franchise is NOT allowed. |
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 |
| California Closet Company | |
| Canada Expansion | |
| HomeVestors of America | |
| California Closet Company | |
| International Expansion | |
| HomeVestors of America | |
| California Closet Company | |