Start-Up Costs and Fees |
||
| HomeVestors of America | Home Owners Club of America | |
| Investment | 70000 - 426250 | 85000 - 110000 |
| Franchise Fee | 0 | |
| Royalty Fee | Varies | |
| Advertising Fee | Varies | |
| Year Founded | 1989 | 1993 |
| Year Franchised | 1996 | 1999 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| HomeVestors of America | Home Owners Club of America | |
| Experience | General business experience | |
Financing Options |
||
| HomeVestors of America | Home Owners Club of America | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | Yes | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| HomeVestors of America | Home Owners Club of America | |
| Training | 1 week initial training | |
| Support | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market | * Computer Software Package, custom designed for the operation of HOCOA * Specified Territory * Marketing Plan * Computer Training Manual * Operations Manual * Artwork and use of Recognized Logo * Support Services * Training Seminar * Annual Franchise Seminar * Webpage and link to the Corporate Site |
| 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) | |
Expansion Plans |
||
| HomeVestors of America | Home Owners Club of America | |
| 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 | |
| Home Owners Club of America | |
| Franchise Fee | |
| HomeVestors of America | |
| Home Owners Club of America | |
| Royalty Fee | |
| HomeVestors of America | Varies |
| Home Owners Club of America | |
| Advertising Fee | |
| HomeVestors of America | Varies |
| Home Owners Club of America | |
| Year Founded | |
| HomeVestors of America | 1989 |
| Home Owners Club of America | 1993 |
| Year Franchised | |
| HomeVestors of America | 1996 |
| Home Owners Club of America | 1999 |
| Term Of Agreement | |
| HomeVestors of America | 5 years |
| Home Owners Club of America | |
| Renewal Fee | |
| HomeVestors of America | |
| Home Owners Club of America | |
Business Experience Requirements |
|
| Experience | |
| HomeVestors of America | General business experience |
| Home Owners Club of America | |
Financing Options |
|
| Franchise Fees | |
| HomeVestors of America | No |
| Home Owners Club of America | No |
| Start-up Costs | |
| HomeVestors of America | |
| Home Owners Club of America | |
| Equipment | |
| HomeVestors of America} | |
| Home Owners Club of America | |
| Inventory | |
| HomeVestors of America | |
| Home Owners Club of America | |
| Receivables | |
| HomeVestors of America | |
| Home Owners Club of America | |
| Payroll | |
| HomeVestors of America | |
| Home Owners Club of America | |
Training & Support |
|
| Training | |
| HomeVestors of America | 1 week initial training |
| Home Owners Club of America | |
| Support | |
| HomeVestors of America | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market |
| Home Owners Club of America | * Computer Software Package, custom designed for the operation of HOCOA * Specified Territory * Marketing Plan * Computer Training Manual * Operations Manual * Artwork and use of Recognized Logo * Support Services * Training Seminar * Annual Franchise Seminar * Webpage and link to the Corporate Site |
| Marketing | |
| HomeVestors of America | Co-op advertising, Ad slicks, Regional advertising |
| Home Owners Club of America | |
| 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) |
| Home Owners Club of America | |
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 |
| Home Owners Club of America | |
| Canada Expansion | |
| HomeVestors of America | |
| Home Owners Club of America | |
| International Expansion | |
| HomeVestors of America | |
| Home Owners Club of America | |