Start-Up Costs and Fees |
||
| HomeVestors of America | Gemini Tub Repair | |
| Investment | 70000 - 426250 | 30500 - 34800 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | Varies | $49/wk. |
| Advertising Fee | Varies | |
| Year Founded | 1989 | 1984 |
| Year Franchised | 1996 | 2003 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| HomeVestors of America | Gemini Tub Repair | |
| Experience | General business experience | |
Financing Options |
||
| HomeVestors of America | Gemini Tub Repair | |
| 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 | Gemini Tub Repair | |
| Training | 1 week initial training | |
| Support | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market | Newsletter, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | Co-op advertising, Ad slicks, 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) | Franchise can be run from home. 0% of all franchisees own more than one unit Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
||
| HomeVestors of America | Gemini Tub Repair | |
| 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 | Mid West, North East, South, South East, |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| HomeVestors of America | |
| Gemini Tub Repair | |
| Franchise Fee | |
| HomeVestors of America | |
| Gemini Tub Repair | |
| Royalty Fee | |
| HomeVestors of America | Varies |
| Gemini Tub Repair | $49/wk. |
| Advertising Fee | |
| HomeVestors of America | Varies |
| Gemini Tub Repair | |
| Year Founded | |
| HomeVestors of America | 1989 |
| Gemini Tub Repair | 1984 |
| Year Franchised | |
| HomeVestors of America | 1996 |
| Gemini Tub Repair | 2003 |
| Term Of Agreement | |
| HomeVestors of America | 5 years |
| Gemini Tub Repair | 10 years |
| Renewal Fee | |
| HomeVestors of America | |
| Gemini Tub Repair | 10% of franchise fee |
Business Experience Requirements |
|
| Experience | |
| HomeVestors of America | General business experience |
| Gemini Tub Repair | |
Financing Options |
|
| Franchise Fees | |
| HomeVestors of America | No |
| Gemini Tub Repair | No |
| Start-up Costs | |
| HomeVestors of America | |
| Gemini Tub Repair | |
| Equipment | |
| HomeVestors of America} | |
| Gemini Tub Repair | |
| Inventory | |
| HomeVestors of America | |
| Gemini Tub Repair | |
| Receivables | |
| HomeVestors of America | |
| Gemini Tub Repair | |
| Payroll | |
| HomeVestors of America | |
| Gemini Tub Repair | |
Training & Support |
|
| Training | |
| HomeVestors of America | 1 week initial training |
| Gemini Tub Repair | |
| Support | |
| HomeVestors of America | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market |
| Gemini Tub Repair | Newsletter, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | |
| HomeVestors of America | Co-op advertising, Ad slicks, Regional advertising |
| Gemini Tub Repair | |
| 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) |
| Gemini Tub Repair | Franchise can be run from home. 0% of all franchisees own more than one unit Absentee ownership of franchise is 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 |
| Gemini Tub Repair | Mid West, North East, South, South East, |
| Canada Expansion | |
| HomeVestors of America | |
| Gemini Tub Repair | |
| International Expansion | |
| HomeVestors of America | |
| Gemini Tub Repair | |