Start-Up Costs and Fees |
||
| HomeVestors of America | Wise Cracks Restorations | |
| Investment | 70000 - 426250 | 67000 - 164000 |
| Franchise Fee | 0 | |
| Royalty Fee | Varies | |
| Advertising Fee | Varies | |
| Year Founded | 1989 | 1991 |
| Year Franchised | 1996 | 1993 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| HomeVestors of America | Wise Cracks Restorations | |
| Experience | General business experience | |
Financing Options |
||
| HomeVestors of America | Wise Cracks Restorations | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | Yes | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| HomeVestors of America | Wise Cracks Restorations | |
| 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 | Wise Cracks Restorations | |
| 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 | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| HomeVestors of America | |
| Wise Cracks Restorations | |
| Franchise Fee | |
| HomeVestors of America | |
| Wise Cracks Restorations | |
| Royalty Fee | |
| HomeVestors of America | Varies |
| Wise Cracks Restorations | |
| Advertising Fee | |
| HomeVestors of America | Varies |
| Wise Cracks Restorations | |
| Year Founded | |
| HomeVestors of America | 1989 |
| Wise Cracks Restorations | 1991 |
| Year Franchised | |
| HomeVestors of America | 1996 |
| Wise Cracks Restorations | 1993 |
| Term Of Agreement | |
| HomeVestors of America | 5 years |
| Wise Cracks Restorations | |
| Renewal Fee | |
| HomeVestors of America | |
| Wise Cracks Restorations | |
Business Experience Requirements |
|
| Experience | |
| HomeVestors of America | General business experience |
| Wise Cracks Restorations | |
Financing Options |
|
| Franchise Fees | |
| HomeVestors of America | No |
| Wise Cracks Restorations | No |
| Start-up Costs | |
| HomeVestors of America | |
| Wise Cracks Restorations | |
| Equipment | |
| HomeVestors of America} | |
| Wise Cracks Restorations | |
| Inventory | |
| HomeVestors of America | |
| Wise Cracks Restorations | |
| Receivables | |
| HomeVestors of America | |
| Wise Cracks Restorations | |
| Payroll | |
| HomeVestors of America | |
| Wise Cracks Restorations | |
Training & Support |
|
| Training | |
| HomeVestors of America | 1 week initial training |
| Wise Cracks Restorations | |
| Support | |
| HomeVestors of America | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market |
| Wise Cracks Restorations | |
| Marketing | |
| HomeVestors of America | Co-op advertising, Ad slicks, Regional advertising |
| Wise Cracks Restorations | |
| 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) |
| Wise Cracks Restorations | |
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 |
| Wise Cracks Restorations | |
| Canada Expansion | |
| HomeVestors of America | |
| Wise Cracks Restorations | |
| International Expansion | |
| HomeVestors of America | |
| Wise Cracks Restorations | |