Start-Up Costs and Fees |
||
| HomeVestors of America | ReNew Refinishing | |
| Investment | 70000 - 426250 | 0 - 0 |
| Franchise Fee | 0 | |
| Royalty Fee | Varies | |
| Advertising Fee | Varies | |
| Year Founded | 1989 | 2006 |
| Year Franchised | 1996 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| HomeVestors of America | ReNew Refinishing | |
| Experience | General business experience | |
Financing Options |
||
| HomeVestors of America | ReNew Refinishing | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | Yes | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| HomeVestors of America | ReNew Refinishing | |
| 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 | ReNew Refinishing | |
| 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 | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| HomeVestors of America | |
| ReNew Refinishing | |
| Franchise Fee | |
| HomeVestors of America | |
| ReNew Refinishing | |
| Royalty Fee | |
| HomeVestors of America | Varies |
| ReNew Refinishing | |
| Advertising Fee | |
| HomeVestors of America | Varies |
| ReNew Refinishing | |
| Year Founded | |
| HomeVestors of America | 1989 |
| ReNew Refinishing | 2006 |
| Year Franchised | |
| HomeVestors of America | 1996 |
| ReNew Refinishing | 0 |
| Term Of Agreement | |
| HomeVestors of America | 5 years |
| ReNew Refinishing | |
| Renewal Fee | |
| HomeVestors of America | |
| ReNew Refinishing | |
Business Experience Requirements |
|
| Experience | |
| HomeVestors of America | General business experience |
| ReNew Refinishing | |
Financing Options |
|
| Franchise Fees | |
| HomeVestors of America | No |
| ReNew Refinishing | No |
| Start-up Costs | |
| HomeVestors of America | |
| ReNew Refinishing | |
| Equipment | |
| HomeVestors of America} | |
| ReNew Refinishing | |
| Inventory | |
| HomeVestors of America | |
| ReNew Refinishing | |
| Receivables | |
| HomeVestors of America | |
| ReNew Refinishing | |
| Payroll | |
| HomeVestors of America | |
| ReNew Refinishing | |
Training & Support |
|
| Training | |
| HomeVestors of America | 1 week initial training |
| ReNew Refinishing | |
| Support | |
| HomeVestors of America | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market |
| ReNew Refinishing | |
| Marketing | |
| HomeVestors of America | Co-op advertising, Ad slicks, Regional advertising |
| ReNew Refinishing | |
| 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) |
| ReNew Refinishing | |
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 |
| ReNew Refinishing | |
| Canada Expansion | |
| HomeVestors of America | |
| ReNew Refinishing | 0 |
| International Expansion | |
| HomeVestors of America | |
| ReNew Refinishing | |