Start-Up Costs and Fees |
||
| HomeVestors of America | Floods4Less | |
| Investment | 70000 - 426250 | 155111 - 238210 |
| Franchise Fee | 0 | |
| Royalty Fee | Varies | 8.50% |
| Advertising Fee | Varies | $200.00 per week or 3.5% |
| Year Founded | 1989 | 0 |
| Year Franchised | 1996 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| HomeVestors of America | Floods4Less | |
| Experience | General business experience | *A strong work ethic and desire to succeed *Excellent customer service skills *Sales experience *Financial requirements to launch and sustain the business *Hold, or be able to obtain, the necessary contractor's license |
Financing Options |
||
| HomeVestors of America | Floods4Less | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | Yes | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| HomeVestors of America | Floods4Less | |
| Training | 1 week initial training | We will provide the training you need to be successful in every aspect of running your Floods4Less business. |
| Support | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market | Once you are operational, you can rely on on-site and remote support, plus ongoing developments in new products, services and trends. |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | We will provide cost effective and targeted materials you need to get the Floods4Less name and brand in front of insurance companies, homeowners and other potential clients. Our name and reputation are yours to leverage as you endeavor to be included on the preferred vendor lists used by local insurance professionals and individual policy holders. |
| 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 | Floods4Less | |
| 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 | |
| Floods4Less | |
| Franchise Fee | |
| HomeVestors of America | |
| Floods4Less | |
| Royalty Fee | |
| HomeVestors of America | Varies |
| Floods4Less | 8.50% |
| Advertising Fee | |
| HomeVestors of America | Varies |
| Floods4Less | $200.00 per week or 3.5% |
| Year Founded | |
| HomeVestors of America | 1989 |
| Floods4Less | 0 |
| Year Franchised | |
| HomeVestors of America | 1996 |
| Floods4Less | 0 |
| Term Of Agreement | |
| HomeVestors of America | 5 years |
| Floods4Less | |
| Renewal Fee | |
| HomeVestors of America | |
| Floods4Less | |
Business Experience Requirements |
|
| Experience | |
| HomeVestors of America | General business experience |
| Floods4Less | *A strong work ethic and desire to succeed *Excellent customer service skills *Sales experience *Financial requirements to launch and sustain the business *Hold, or be able to obtain, the necessary contractor's license |
Financing Options |
|
| Franchise Fees | |
| HomeVestors of America | No |
| Floods4Less | No |
| Start-up Costs | |
| HomeVestors of America | |
| Floods4Less | |
| Equipment | |
| HomeVestors of America} | |
| Floods4Less | |
| Inventory | |
| HomeVestors of America | |
| Floods4Less | |
| Receivables | |
| HomeVestors of America | |
| Floods4Less | |
| Payroll | |
| HomeVestors of America | |
| Floods4Less | |
Training & Support |
|
| Training | |
| HomeVestors of America | 1 week initial training |
| Floods4Less | We will provide the training you need to be successful in every aspect of running your Floods4Less business. |
| Support | |
| HomeVestors of America | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market |
| Floods4Less | Once you are operational, you can rely on on-site and remote support, plus ongoing developments in new products, services and trends. |
| Marketing | |
| HomeVestors of America | Co-op advertising, Ad slicks, Regional advertising |
| Floods4Less | We will provide cost effective and targeted materials you need to get the Floods4Less name and brand in front of insurance companies, homeowners and other potential clients. Our name and reputation are yours to leverage as you endeavor to be included on the preferred vendor lists used by local insurance professionals and individual policy holders. |
| 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) |
| Floods4Less | |
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 |
| Floods4Less | |
| Canada Expansion | |
| HomeVestors of America | |
| Floods4Less | |
| International Expansion | |
| HomeVestors of America | |
| Floods4Less | |