Concept Description
https://drive.google.com/file/d/1oQbLSeRDE2T0q4hD61U2W6upCu1FB91r/view?usp=sharing
Owner
You aren’t buying a job, you’re building a portfolio of properties, developing positive equity, and ultimately, creating a new life for yourself. Not only can investors sell a rehabbed property, they can also rent it out, hopefully creating a stable flow of revenue for years or decades. When it comes time for retirement, rental properties are a great way to keep the money rolling in.
Two Ways to Start Building
There are two ways to start building your HomeVestors business. Take a look and see which is right for you.
Full Franchise Fee: $85,000
Our Full Franchise opportunity is for the person interested in developing a complete, full-time real estate business. Full Franchise owners are granted marketing rights in their territory, access to tools and mentorship, and jump right into steering their businesses at the helm full-time. Full Franchisees typically open an actual office location and have a staff that supports and grows their business.
Associate Franchise Fee: $42,500
Our Associate Franchise opportunity is for the person who wants fewer up-front costs to start out or those who want to develop the business part-time. Associate Franchise owners are granted marketing rights in their territory and access to tools and mentorship. Associate Franchisees typically work the business part-time out of their home. When it grows into a full-time job, they have the opportunity to upgrade into a Full Franchise.
Testimonials
https://vimeo.com/1082397522/d515d51c52
https://vimeo.com/1082012787/807d89761c
Publicity
FOR IMMEDIATE RELEASE
HOMEVESTORS OF AMERICA, IN. RANKED A TOP FRANCHISE IN ENTREPRENEUR’S HIGHLY COMPETITIVE 42nd ANNUAL FRANCHISE 500®
DALLAS, TX – HOMEVESTORS OF AMERICA, INC. recently ranked in Entrepreneur magazine’s Franchise 500®, the world’s first, best and most comprehensive franchise ranking. Placement in the Franchise 500® is a highly sought-after honor in the franchise industry making it one of the company’s most competitive rankings ever. Recognized as an invaluable resource for potential franchisees, the Franchise 500® ranks HomeVestors of America, Inc. / We Buy Ugly Houses as #36 for its outstanding performance in areas including unit growth, financial strength and stability, and brand power.
“2020 was a challenging year for everyone, but it was also a year of unusual opportunity,” says Jason Feifer, Entrepreneur editor-in-chief. “Franchises were able to be nimble and innovative, serving the needs of franchisees and customers in ways that will resonate for many years to come. We believe that, when we eventually look back on this time, we’ll see it as a moment when many brands defined themselves for the future.”
In Entrepreneur’s continuing effort to best understand and evaluate the ever-changing franchise marketplace, the company’s 42-year-old ranking formula continues to evolve as well. The key factors that go into the evaluation include costs and fees, size and growth, support, brand strength, and financial strength and stability. Each franchise is given a cumulative score based on an analysis of more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500® in ranking order.
Over its 42 years in existence, the Franchise 500® has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees. HomeVestors’s position on the ranking is a testament to its strength as a franchise opportunity.
To view HomeVestors of America, Inc. in the full ranking, visit www.entrepreneur.com/franchise500. Results can also be seen in the January/February 2021 issue of Entrepreneur, available on newsstands January 26th.
HomeVestors of America, Inc., a Dallas based company, began franchising in 1996. HomeVestors, is the only Real Estate Investing Franchise in the US that helps with lead generation as well as the money to purchase the deals. The company buys houses in need of repairs or updates, repairs and sells them or holds them for rental properties. Our trained franchisees improve neighborhoods, provide excellent homeownership opportunities, and work with local investors to improve market conditions.
Unit Option
Single
Background
FDD Franchised Units: 862
Corporate Owned Units: 26
Projected New Units: 79
Year Established: 1996
First Year Franchised: 1996
Type of Business: Franchise
Hours of Operation: 24 / 7 / 365
Number of Employees: Small (1-5)
History:
HomeVestors is an opportunity to buy houses at deep discounts from motivated sellers. These sellers call our Franchisees every day from our national “We Buy Ugly Houses” brand. We advertise with direct mail, internet, billboards and other outdoor media and TV.
Franchisees determine how many calls they get and houses they acquire by how much advertising they contribute to the local council. Franchises work together and share the leads pro-rata so there isn’t competition among them. They cooperate with each other, share resources and even buy houses from each other from time to time.
HomeVestors Franchisees can generate income and also significant wealth by holding cash-flowing rentals. HomeVestors also provides 100% financing for the purchase and rehab of houses.
The HomeVestors business model is built on a foundation of responsible business practices and high ethical standards, which our franchisees embody. Rather than competing, our franchisees act as mentors to one another, sharing vendors and advice. All of our independently owned and operated franchisees are supported centrally with mass advertising support from our nationally recognized “We Buy Ugly Houses®”
Availability
Territories: United States
Financials
Liquidity: $120,000
*Investment Range: $150,000 - $477,250
**Average Investment: $122,500 - $250,000
Provided by the Franchisor
Minimum Net Worth: $100,001 to $250,000
6 Month Cash: $100,001
Franchise Fee: $85000*
Royalty: 0.8% - 3%
Royalty Description: Transaction Fee 3.0% down to 0.80% of Sales Price by Level (plus 2% Associate Royalty Fee for Associate Franchises)
Advertising: Minimum monthly local advertising by Level: $0 (Level 1, but at least $1,000 per 6 months) / $1,000 (Levels 2-3) / $5,000 (Levels 4-6)
Ramp-Up: 7 to 9 months
Passive Ownership: Passive Ownership NOT Allowed
Passive Ownership means the owner is working 15 hours or less per week in the business.
Available Discounts
- Veterans
- First Responders
Discount Description: 10% off the Initial Franchise Fee for qualified United States Veterans and First Responders.
Training, Support and Assistance
Co-Operative Advertising: N/A
Site Selection Assistance: N/A
Lease Negotiation Assistance: N/A
Length of Training: 2 weeks
Training Description:
Training and support program details:
- Franchisee spends a week in Dallas learning how to use the tools available to track leads when they come in and through the home buying process.
- Learn how to determine value of houses and repairs needed.
- Learn how to advertise with the local ad councils and receive a steady stream of leads.
- Will role play scripts for taking calls, setting and attending appointments.
- After training, will attend buy appointments in the field with experienced Franchisees who already have shown success buying houses.
- Attend monthly training meetings with other Franchises who all help each other learn from their collective experiences in the field trying to get deals done effectively.
Cost for Training: Hotel and meals for week of training in Dallas, plus airfare.
Not included: lodging and airfare
Operational and Marketing Tools:
HomeVestors has one of the best field support systems of any franchise company. After completing a week of fundamentals in HomeVestors initial training in Dallas, a new Associate Franchise or Full Franchisee is assigned a Development Agent (“DA”) mentor. The DA is a proven, experienced Franchisee or someone hand selected by the corporate office experienced with the HomeVestors® business, to assist the new Franchisee in setting up and running his/her business. The DA will attend buy appointments with the Franchisee and coach him/her on exit strategies and rehab techniques, if requested. The DA may have local contractors’ and investors’ contacts for the Franchisee. The DA is most often an active Franchisee himself/herself, so has current real-world experience to share. Also, in most markets, the entire local Franchise Ad Council tends to cooperate and share resources on a monthly basis. HomeVestors is a franchise opportunity that has a truly cooperative Franchise network on a local level.
Financing Assistance: N/A
