Start-Up Costs and Fees |
||
| HomeVestors of America | The Patch Boys | |
| Investment | 70000 - 426250 | 48900 - 75900 |
| Franchise Fee | 0 | |
| Royalty Fee | Varies | 7% |
| Advertising Fee | Varies | 2% |
| Year Founded | 1989 | 2008 |
| Year Franchised | 1996 | 2015 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| HomeVestors of America | The Patch Boys | |
| Experience | General business experience | *Strong Sales and Client Service Abilities *Good with Timing and Schedule Management *High Personal Standards *Able to Meet Initial Investment Requirements *Strong Sense of Integrity in Corporate and Client Relationships *A Willingness and Commitment to Excellent Service Targeted experiences for potential franchise owners include: *Franchise Operations or Retail Service Industry Experience *Business Owner and/or Managerial Experience *Husband and Wife entrepreneurial team who want to start a business |
Financing Options |
||
| HomeVestors of America | The Patch Boys | |
| 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 | The Patch Boys | |
| Training | 1 week initial training | We provide full training and support at our headquarters in NY ( takes 4-6 days) |
| 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 | The Patch Boys | |
| 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 | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| HomeVestors of America | |
| The Patch Boys | |
| Franchise Fee | |
| HomeVestors of America | |
| The Patch Boys | |
| Royalty Fee | |
| HomeVestors of America | Varies |
| The Patch Boys | 7% |
| Advertising Fee | |
| HomeVestors of America | Varies |
| The Patch Boys | 2% |
| Year Founded | |
| HomeVestors of America | 1989 |
| The Patch Boys | 2008 |
| Year Franchised | |
| HomeVestors of America | 1996 |
| The Patch Boys | 2015 |
| Term Of Agreement | |
| HomeVestors of America | 5 years |
| The Patch Boys | |
| Renewal Fee | |
| HomeVestors of America | |
| The Patch Boys | |
Business Experience Requirements |
|
| Experience | |
| HomeVestors of America | General business experience |
| The Patch Boys | *Strong Sales and Client Service Abilities *Good with Timing and Schedule Management *High Personal Standards *Able to Meet Initial Investment Requirements *Strong Sense of Integrity in Corporate and Client Relationships *A Willingness and Commitment to Excellent Service Targeted experiences for potential franchise owners include: *Franchise Operations or Retail Service Industry Experience *Business Owner and/or Managerial Experience *Husband and Wife entrepreneurial team who want to start a business |
Financing Options |
|
| Franchise Fees | |
| HomeVestors of America | No |
| The Patch Boys | No |
| Start-up Costs | |
| HomeVestors of America | |
| The Patch Boys | |
| Equipment | |
| HomeVestors of America} | |
| The Patch Boys | |
| Inventory | |
| HomeVestors of America | |
| The Patch Boys | |
| Receivables | |
| HomeVestors of America | |
| The Patch Boys | |
| Payroll | |
| HomeVestors of America | |
| The Patch Boys | |
Training & Support |
|
| Training | |
| HomeVestors of America | 1 week initial training |
| The Patch Boys | We provide full training and support at our headquarters in NY ( takes 4-6 days) |
| Support | |
| HomeVestors of America | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market |
| The Patch Boys | |
| Marketing | |
| HomeVestors of America | Co-op advertising, Ad slicks, Regional advertising |
| The Patch Boys | |
| 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) |
| The Patch Boys | |
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 |
| The Patch Boys | 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 | |
| The Patch Boys | 0 |
| International Expansion | |
| HomeVestors of America | |
| The Patch Boys | |