HomeVestors Of America
- HomeVestors of America, Inc.
10670 N. Central Expy., # 700
Dallas, TX 75231
-
(800) 704-6992
/
(972) 761-0046
- (972) 534-1508 (Fax)
HOMEVESTORS franchise owners are real estate investors that specialize in buying and selling single-family houses. The franchise provides a system to buy houses wholesale, financing to purchase houses, training and other services.
Franchisor Background
Year Established: 1989
Franchising Since: 1996
Operating Units
| Franchised Units |
220 |
100.0% |
| Company-Owned Units |
0 |
0.0% |
| Total Operating Units |
220 |
100% |
Geographic Distribution
| USA |
220 |
100.0% |
In 35 States
|
| Canada |
0 |
0.0% |
In 0 Provinces
|
| International |
0 |
0.0% |
In 0 Foreign Countries
|
| Total |
220 |
100% |
|
Multi-Unit Operators
| Multi-Unit Operators |
N/A |
| Franchises Owned by Multi-Unit Operators |
N/A |
North American Unit Density
| Density |
Units |
| Texas |
44 |
| Florida |
43 |
| Georgia |
21 |
Registered in the following Registration States
(not registered in any registration states)
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Support and Training
General Information
| IFA Member |
Yes |
| CFA Member |
No |
| Franchisee Association? |
No |
| Size of Corporate Staff |
82 |
Site Selection
Assistance |
Yes |
| Lease Negotiation Assistance |
No |
| Financial Assistance |
Yes, Indirect |
Marketing Support
| Co-Op Advertising |
Yes |
| National Advertising |
No |
| Regional Advertising |
No |
| Local Advertising |
No |
Ongoing Support
| Central Data Processing |
Included |
| Central Purchasing |
N/A |
| Field Operation Evaluation |
Included |
| Field Training |
Included |
| Initial Store Opening |
Included |
| Inventory Control |
N/A |
| Franchisee Newsletter |
Included |
| Regional or National Meetings |
Included |
| 800 Telephone Hotline |
N/A |
Training
| Dallas, TX |
10 Days |
| Franchise Location |
10 Days |
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Financial Requirements
Investment
| Minimum Net Worth |
N/A |
| Cash Investment |
$49.5K |
| Total Investment |
$200.7-385.8K |
| Average Total Investment |
$293K |
Fees
| Initial Franchise Fee |
$49.5K |
| Average Franchise Fee |
$49K |
| On-Going Royalty |
$775/Transaction |
| Average Royalty |
0% |
| Advertising Fee |
$200/Transaction |
Site Information and Requirements
| Average Number of Full-Time Employees |
3 |
| Average Number of Part-Time Employees |
N/A |
| Space Needs (in square feet) |
600
|
| Preferred Site Types |
Storefront
|
| Encourages Conversions |
Yes |
| Item 19 (Earnings Claim) Provided? |
No |
| Listed in the SBA Registry? |
No |
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Franchisee Qualifications
| Financial Net Worth |
4 |
| General Business Experience |
4 |
| Specific Industry Experience |
3 |
| Formal Education |
2 |
| Psychological Profile |
4 |
| Personal Interviews |
5 |
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Terms of Contract
| Term of Initial Contract |
5 |
| Term of Renewal Period |
5 |
| Passive Ownership? |
Not Allowed |
Area Development
Agreements? |
No
|
Sub-Franchisor
Contracts? |
No |
| Franchisees Allowed to Expand Within Territory? |
No |
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Expansion Plans
| Projected New Units Over Next 12 Months |
68 |
| USA |
Yes, In 35 states |
| Canada |
No |
| Overseas |
No |
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