Start-Up Costs and Fees |
||
| HomeVestors of America | Grout Wizard | |
| Investment | 70000 - 426250 | 20615 - 33725 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | Varies | 6%-9% |
| Advertising Fee | Varies | 3% |
| Year Founded | 1989 | 1997 |
| Year Franchised | 1996 | 2001 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| HomeVestors of America | Grout Wizard | |
| Experience | General business experience | You need no previous business nor technical experience at all. Franchisees come from all backgrounds, ages and genders. The Company will teach you every phase of the business step by step. All you need is the desire to own and operate your own business. |
Financing Options |
||
| HomeVestors of America | Grout Wizard | |
| Franchise Fees | No | Yes |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | Yes | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| HomeVestors of America | Grout Wizard | |
| Training | 1 week initial training | There is a required 5-day, in depth, hands on training program that all Franchisees must successfully complete. Each Franchisee will be provided with the details of GROUT WIZARD procedures, methods of operations, sales techniques, communications, advertising, managing employees, interacting with customers and every aspect of operating a successful GROUT WIZARD business. |
| Support | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market | Meetings, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | Ad slicks |
| 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. Number of employees needed to run franchised unit: 2 - 4 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
||
| HomeVestors of America | Grout Wizard | |
| 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 | |
| Grout Wizard | |
| Franchise Fee | |
| HomeVestors of America | |
| Grout Wizard | |
| Royalty Fee | |
| HomeVestors of America | Varies |
| Grout Wizard | 6%-9% |
| Advertising Fee | |
| HomeVestors of America | Varies |
| Grout Wizard | 3% |
| Year Founded | |
| HomeVestors of America | 1989 |
| Grout Wizard | 1997 |
| Year Franchised | |
| HomeVestors of America | 1996 |
| Grout Wizard | 2001 |
| Term Of Agreement | |
| HomeVestors of America | 5 years |
| Grout Wizard | 5 years |
| Renewal Fee | |
| HomeVestors of America | |
| Grout Wizard | |
Business Experience Requirements |
|
| Experience | |
| HomeVestors of America | General business experience |
| Grout Wizard | You need no previous business nor technical experience at all. Franchisees come from all backgrounds, ages and genders. The Company will teach you every phase of the business step by step. All you need is the desire to own and operate your own business. |
Financing Options |
|
| Franchise Fees | |
| HomeVestors of America | No |
| Grout Wizard | No |
| Start-up Costs | |
| HomeVestors of America | |
| Grout Wizard | |
| Equipment | |
| HomeVestors of America} | |
| Grout Wizard | |
| Inventory | |
| HomeVestors of America | |
| Grout Wizard | |
| Receivables | |
| HomeVestors of America | |
| Grout Wizard | |
| Payroll | |
| HomeVestors of America | |
| Grout Wizard | |
Training & Support |
|
| Training | |
| HomeVestors of America | 1 week initial training |
| Grout Wizard | There is a required 5-day, in depth, hands on training program that all Franchisees must successfully complete. Each Franchisee will be provided with the details of GROUT WIZARD procedures, methods of operations, sales techniques, communications, advertising, managing employees, interacting with customers and every aspect of operating a successful GROUT WIZARD business. |
| Support | |
| HomeVestors of America | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market |
| Grout Wizard | Meetings, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | |
| HomeVestors of America | Co-op advertising, Ad slicks, Regional advertising |
| Grout Wizard | Ad slicks |
| 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) |
| Grout Wizard | Franchise can be run from home. Number of employees needed to run franchised unit: 2 - 4 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 |
| Grout Wizard | |
| Canada Expansion | |
| HomeVestors of America | |
| Grout Wizard | |
| International Expansion | |
| HomeVestors of America | |
| Grout Wizard | |