Start-Up Costs and Fees |
||
| HomeVestors of America | ReCeil It Ceiling Restoration | |
| Investment | 70000 - 426250 | 38900 - 55000 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | Varies | 7% |
| Advertising Fee | Varies | |
| Year Founded | 1989 | 1992 |
| Year Franchised | 1996 | 2002 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| HomeVestors of America | ReCeil It Ceiling Restoration | |
| Experience | General business experience | Sales background or aptitude |
Financing Options |
||
| HomeVestors of America | ReCeil It Ceiling Restoration | |
| 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 | ReCeil It Ceiling Restoration | |
| Training | 1 week initial training | |
| Support | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market | Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | 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 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 | ReCeil It Ceiling Restoration | |
| 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 | Connecticut, Delaware, Florida, Georgia, Massachusetts, North Carolina, New Hampshire, New Jersey, New York, Pennsylvania, South Carolina, Tennessee, Vermont, |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| HomeVestors of America | |
| ReCeil It Ceiling Restoration | |
| Franchise Fee | |
| HomeVestors of America | |
| ReCeil It Ceiling Restoration | |
| Royalty Fee | |
| HomeVestors of America | Varies |
| ReCeil It Ceiling Restoration | 7% |
| Advertising Fee | |
| HomeVestors of America | Varies |
| ReCeil It Ceiling Restoration | |
| Year Founded | |
| HomeVestors of America | 1989 |
| ReCeil It Ceiling Restoration | 1992 |
| Year Franchised | |
| HomeVestors of America | 1996 |
| ReCeil It Ceiling Restoration | 2002 |
| Term Of Agreement | |
| HomeVestors of America | 5 years |
| ReCeil It Ceiling Restoration | 10 years |
| Renewal Fee | |
| HomeVestors of America | |
| ReCeil It Ceiling Restoration | $10K |
Business Experience Requirements |
|
| Experience | |
| HomeVestors of America | General business experience |
| ReCeil It Ceiling Restoration | Sales background or aptitude |
Financing Options |
|
| Franchise Fees | |
| HomeVestors of America | No |
| ReCeil It Ceiling Restoration | No |
| Start-up Costs | |
| HomeVestors of America | |
| ReCeil It Ceiling Restoration | |
| Equipment | |
| HomeVestors of America} | |
| ReCeil It Ceiling Restoration | |
| Inventory | |
| HomeVestors of America | |
| ReCeil It Ceiling Restoration | |
| Receivables | |
| HomeVestors of America | |
| ReCeil It Ceiling Restoration | |
| Payroll | |
| HomeVestors of America | |
| ReCeil It Ceiling Restoration | |
Training & Support |
|
| Training | |
| HomeVestors of America | 1 week initial training |
| ReCeil It Ceiling Restoration | |
| Support | |
| HomeVestors of America | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market |
| ReCeil It Ceiling Restoration | Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | |
| HomeVestors of America | Co-op advertising, Ad slicks, Regional advertising |
| ReCeil It Ceiling Restoration | Regional advertising |
| 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) |
| ReCeil It Ceiling Restoration | Franchise can be run from home. 0% 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 |
|
| 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 |
| ReCeil It Ceiling Restoration | Connecticut, Delaware, Florida, Georgia, Massachusetts, North Carolina, New Hampshire, New Jersey, New York, Pennsylvania, South Carolina, Tennessee, Vermont, |
| Canada Expansion | |
| HomeVestors of America | |
| ReCeil It Ceiling Restoration | |
| International Expansion | |
| HomeVestors of America | |
| ReCeil It Ceiling Restoration | |