Start-Up Costs and Fees |
||
| HomeVestors of America | PERMA-DRY Systems | |
| Investment | 70000 - 426250 | 180000 - 999999 |
| Franchise Fee | 0 | |
| Royalty Fee | Varies | 5% |
| Advertising Fee | Varies | |
| Year Founded | 1989 | 1980 |
| Year Franchised | 1996 | 1990 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| HomeVestors of America | PERMA-DRY Systems | |
| Experience | General business experience | |
Financing Options |
||
| HomeVestors of America | PERMA-DRY Systems | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | Yes | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| HomeVestors of America | PERMA-DRY Systems | |
| Training | 1 week initial training | Headquarters in Dartmouth, NS 2 Weeks |
| Support | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market | Central Data Processing Field Operation Evaluation Field Training Franchisee Newsletter Regional or National Meetings 800 Telephone Hotline |
| 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) | Average Number of Employees: 1 Full-time, 1 Part-time Passive Ownership: Allowed, But Discouraged |
Expansion Plans |
||
| HomeVestors of America | PERMA-DRY Systems | |
| 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 | Canada, United Kingdom |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| HomeVestors of America | |
| PERMA-DRY Systems | |
| Franchise Fee | |
| HomeVestors of America | |
| PERMA-DRY Systems | |
| Royalty Fee | |
| HomeVestors of America | Varies |
| PERMA-DRY Systems | 5% |
| Advertising Fee | |
| HomeVestors of America | Varies |
| PERMA-DRY Systems | |
| Year Founded | |
| HomeVestors of America | 1989 |
| PERMA-DRY Systems | 1980 |
| Year Franchised | |
| HomeVestors of America | 1996 |
| PERMA-DRY Systems | 1990 |
| Term Of Agreement | |
| HomeVestors of America | 5 years |
| PERMA-DRY Systems | 5 years +5 |
| Renewal Fee | |
| HomeVestors of America | |
| PERMA-DRY Systems | |
Business Experience Requirements |
|
| Experience | |
| HomeVestors of America | General business experience |
| PERMA-DRY Systems | |
Financing Options |
|
| Franchise Fees | |
| HomeVestors of America | No |
| PERMA-DRY Systems | No |
| Start-up Costs | |
| HomeVestors of America | |
| PERMA-DRY Systems | |
| Equipment | |
| HomeVestors of America} | |
| PERMA-DRY Systems | |
| Inventory | |
| HomeVestors of America | |
| PERMA-DRY Systems | |
| Receivables | |
| HomeVestors of America | |
| PERMA-DRY Systems | |
| Payroll | |
| HomeVestors of America | |
| PERMA-DRY Systems | |
Training & Support |
|
| Training | |
| HomeVestors of America | 1 week initial training |
| PERMA-DRY Systems | Headquarters in Dartmouth, NS 2 Weeks |
| Support | |
| HomeVestors of America | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market |
| PERMA-DRY Systems | Central Data Processing Field Operation Evaluation Field Training Franchisee Newsletter Regional or National Meetings 800 Telephone Hotline |
| Marketing | |
| HomeVestors of America | Co-op advertising, Ad slicks, Regional advertising |
| PERMA-DRY Systems | |
| 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) |
| PERMA-DRY Systems | Average Number of Employees: 1 Full-time, 1 Part-time Passive Ownership: Allowed, But Discouraged |
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 |
| PERMA-DRY Systems | 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 | |
| PERMA-DRY Systems | |
| International Expansion | |
| HomeVestors of America | |
| PERMA-DRY Systems | Canada, United Kingdom |