Start-Up Costs and Fees |
||
| HomeVestors of America | Steam Brothers | |
| Investment | 70000 - 426250 | 22000 - 53500 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | Varies | 5-6.5% |
| Advertising Fee | Varies | |
| Year Founded | 1989 | 1977 |
| Year Franchised | 1996 | 1984 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| HomeVestors of America | Steam Brothers | |
| Experience | General business experience | |
Financing Options |
||
| HomeVestors of America | Steam Brothers | |
| 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 | Steam Brothers | |
| 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 | Ad slicks |
| 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. 2% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 - 3 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
||
| HomeVestors of America | Steam Brothers | |
| 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 | Mid West, |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| HomeVestors of America | |
| Steam Brothers | |
| Franchise Fee | |
| HomeVestors of America | |
| Steam Brothers | |
| Royalty Fee | |
| HomeVestors of America | Varies |
| Steam Brothers | 5-6.5% |
| Advertising Fee | |
| HomeVestors of America | Varies |
| Steam Brothers | |
| Year Founded | |
| HomeVestors of America | 1989 |
| Steam Brothers | 1977 |
| Year Franchised | |
| HomeVestors of America | 1996 |
| Steam Brothers | 1984 |
| Term Of Agreement | |
| HomeVestors of America | 5 years |
| Steam Brothers | 10 years |
| Renewal Fee | |
| HomeVestors of America | |
| Steam Brothers | $1K |
Business Experience Requirements |
|
| Experience | |
| HomeVestors of America | General business experience |
| Steam Brothers | |
Financing Options |
|
| Franchise Fees | |
| HomeVestors of America | No |
| Steam Brothers | No |
| Start-up Costs | |
| HomeVestors of America | |
| Steam Brothers | |
| Equipment | |
| HomeVestors of America} | |
| Steam Brothers | |
| Inventory | |
| HomeVestors of America | |
| Steam Brothers | |
| Receivables | |
| HomeVestors of America | |
| Steam Brothers | |
| Payroll | |
| HomeVestors of America | |
| Steam Brothers | |
Training & Support |
|
| Training | |
| HomeVestors of America | 1 week initial training |
| Steam Brothers | |
| Support | |
| HomeVestors of America | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market |
| Steam Brothers | Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | |
| HomeVestors of America | Co-op advertising, Ad slicks, Regional advertising |
| Steam Brothers | Ad slicks |
| 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) |
| Steam Brothers | Franchise can be run from home. 2% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 - 3 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 |
| Steam Brothers | Mid West, |
| Canada Expansion | |
| HomeVestors of America | |
| Steam Brothers | |
| International Expansion | |
| HomeVestors of America | |
| Steam Brothers | |