Start-Up Costs and Fees |
||
| HomeVestors of America | Surface Specialists | |
| Investment | 70000 - 426250 | 43200 - 56000 |
| Franchise Fee | 0 | |
| Royalty Fee | Varies | 5% |
| Advertising Fee | Varies | |
| Year Founded | 1989 | 1981 |
| Year Franchised | 1996 | 1982 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| HomeVestors of America | Surface Specialists | |
| Experience | General business experience | Industry experience General business experience Marketing skills (qualifications helpful but not required) |
Financing Options |
||
| HomeVestors of America | Surface Specialists | |
| Franchise Fees | No | Yes |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | Yes | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| HomeVestors of America | Surface Specialists | |
| Training | 1 week initial training | On-The-Job Training: 57-73 hours Classroom Training: 23 hours Follow-up training available at franchisee's location |
| Support | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Online Support Field Operations Franchisee Intranet Platform |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | Ad Templates Social media SEO Website development |
| 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. 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
||
| HomeVestors of America | Surface Specialists | |
| 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 | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| HomeVestors of America | |
| Surface Specialists | |
| Franchise Fee | |
| HomeVestors of America | |
| Surface Specialists | |
| Royalty Fee | |
| HomeVestors of America | Varies |
| Surface Specialists | 5% |
| Advertising Fee | |
| HomeVestors of America | Varies |
| Surface Specialists | |
| Year Founded | |
| HomeVestors of America | 1989 |
| Surface Specialists | 1981 |
| Year Franchised | |
| HomeVestors of America | 1996 |
| Surface Specialists | 1982 |
| Term Of Agreement | |
| HomeVestors of America | 5 years |
| Surface Specialists | 10 years |
| Renewal Fee | |
| HomeVestors of America | |
| Surface Specialists | |
Business Experience Requirements |
|
| Experience | |
| HomeVestors of America | General business experience |
| Surface Specialists | Industry experience General business experience Marketing skills (qualifications helpful but not required) |
Financing Options |
|
| Franchise Fees | |
| HomeVestors of America | No |
| Surface Specialists | No |
| Start-up Costs | |
| HomeVestors of America | |
| Surface Specialists | |
| Equipment | |
| HomeVestors of America} | |
| Surface Specialists | |
| Inventory | |
| HomeVestors of America | |
| Surface Specialists | |
| Receivables | |
| HomeVestors of America | |
| Surface Specialists | |
| Payroll | |
| HomeVestors of America | |
| Surface Specialists | |
Training & Support |
|
| Training | |
| HomeVestors of America | 1 week initial training |
| Surface Specialists | On-The-Job Training: 57-73 hours Classroom Training: 23 hours Follow-up training available at franchisee's location |
| Support | |
| HomeVestors of America | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market |
| Surface Specialists | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Online Support Field Operations Franchisee Intranet Platform |
| Marketing | |
| HomeVestors of America | Co-op advertising, Ad slicks, Regional advertising |
| Surface Specialists | Ad Templates Social media SEO Website development |
| 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) |
| Surface Specialists | Franchise can be run from home. 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 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 |
| Surface Specialists | 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 | |
| Surface Specialists | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory |
| International Expansion | |
| HomeVestors of America | |
| Surface Specialists | |