Start-Up Costs and Fees |
||
| HomeVestors of America | PatchMaster | |
| Investment | 70000 - 426250 | 27950 - 49800 |
| Franchise Fee | 0 | |
| Royalty Fee | Varies | 9%-5% |
| Advertising Fee | Varies | 1% |
| Year Founded | 1989 | 2016 |
| Year Franchised | 1996 | 2017 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| HomeVestors of America | PatchMaster | |
| Experience | General business experience | |
Financing Options |
||
| HomeVestors of America | PatchMaster | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | Yes | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| HomeVestors of America | PatchMaster | |
| Training | 1 week initial training | |
| Support | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market | |
| 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 | PatchMaster | |
| 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 | 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 | |
| PatchMaster | |
| Franchise Fee | |
| HomeVestors of America | |
| PatchMaster | |
| Royalty Fee | |
| HomeVestors of America | Varies |
| PatchMaster | 9%-5% |
| Advertising Fee | |
| HomeVestors of America | Varies |
| PatchMaster | 1% |
| Year Founded | |
| HomeVestors of America | 1989 |
| PatchMaster | 2016 |
| Year Franchised | |
| HomeVestors of America | 1996 |
| PatchMaster | 2017 |
| Term Of Agreement | |
| HomeVestors of America | 5 years |
| PatchMaster | |
| Renewal Fee | |
| HomeVestors of America | |
| PatchMaster | |
Business Experience Requirements |
|
| Experience | |
| HomeVestors of America | General business experience |
| PatchMaster | |
Financing Options |
|
| Franchise Fees | |
| HomeVestors of America | No |
| PatchMaster | No |
| Start-up Costs | |
| HomeVestors of America | |
| PatchMaster | |
| Equipment | |
| HomeVestors of America} | |
| PatchMaster | |
| Inventory | |
| HomeVestors of America | |
| PatchMaster | |
| Receivables | |
| HomeVestors of America | |
| PatchMaster | |
| Payroll | |
| HomeVestors of America | |
| PatchMaster | |
Training & Support |
|
| Training | |
| HomeVestors of America | 1 week initial training |
| PatchMaster | |
| Support | |
| HomeVestors of America | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market |
| PatchMaster | |
| Marketing | |
| HomeVestors of America | Co-op advertising, Ad slicks, Regional advertising |
| PatchMaster | |
| 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) |
| PatchMaster | |
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 |
| PatchMaster | 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 | |
| HomeVestors of America | |
| PatchMaster | |
| International Expansion | |
| HomeVestors of America | |
| PatchMaster | |