Start-Up Costs and Fees |
||
| HomeVestors of America | Closet & Storage Concepts | |
| Investment | 70000 - 426250 | 96500 - 499000 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | Varies | 5% |
| Advertising Fee | Varies | |
| Year Founded | 1989 | 1987 |
| Year Franchised | 1996 | 2000 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| HomeVestors of America | Closet & Storage Concepts | |
| Experience | General business experience | General business experience Marketing skills Strong sales background a plus |
Financing Options |
||
| HomeVestors of America | Closet & Storage Concepts | |
| 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 | Closet & Storage Concepts | |
| 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, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| 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) | 0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 - 12 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
||
| HomeVestors of America | Closet & Storage Concepts | |
| 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 | Canada, Mexico, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| HomeVestors of America | |
| Closet & Storage Concepts | |
| Franchise Fee | |
| HomeVestors of America | |
| Closet & Storage Concepts | |
| Royalty Fee | |
| HomeVestors of America | Varies |
| Closet & Storage Concepts | 5% |
| Advertising Fee | |
| HomeVestors of America | Varies |
| Closet & Storage Concepts | |
| Year Founded | |
| HomeVestors of America | 1989 |
| Closet & Storage Concepts | 1987 |
| Year Franchised | |
| HomeVestors of America | 1996 |
| Closet & Storage Concepts | 2000 |
| Term Of Agreement | |
| HomeVestors of America | 5 years |
| Closet & Storage Concepts | 10 years |
| Renewal Fee | |
| HomeVestors of America | |
| Closet & Storage Concepts | Lesser of initial, current fee |
Business Experience Requirements |
|
| Experience | |
| HomeVestors of America | General business experience |
| Closet & Storage Concepts | General business experience Marketing skills Strong sales background a plus |
Financing Options |
|
| Franchise Fees | |
| HomeVestors of America | No |
| Closet & Storage Concepts | No |
| Start-up Costs | |
| HomeVestors of America | |
| Closet & Storage Concepts | |
| Equipment | |
| HomeVestors of America} | |
| Closet & Storage Concepts | |
| Inventory | |
| HomeVestors of America | |
| Closet & Storage Concepts | |
| Receivables | |
| HomeVestors of America | |
| Closet & Storage Concepts | |
| Payroll | |
| HomeVestors of America | |
| Closet & Storage Concepts | |
Training & Support |
|
| Training | |
| HomeVestors of America | 1 week initial training |
| Closet & Storage Concepts | |
| Support | |
| HomeVestors of America | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market |
| Closet & Storage Concepts | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| HomeVestors of America | Co-op advertising, Ad slicks, Regional advertising |
| Closet & Storage Concepts | 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) |
| Closet & Storage Concepts | 0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 - 12 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 |
| Closet & Storage Concepts | |
| Canada Expansion | |
| HomeVestors of America | |
| Closet & Storage Concepts | |
| International Expansion | |
| HomeVestors of America | |
| Closet & Storage Concepts | Canada, Mexico, |