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HomeVestors of America
10670 N. Central Expy., # 700
Dallas, TX 75231
800#: (888) 495-5220
Tel: (972) 761-0046
Fax: (972) 761-9022
E-Mail: [email protected]
Web Site: www.homevestors.com
Contact: Mr. Jason Killough, Director Franchise Development
HOMEVESTORS franchise owners are real estate investors that specialize in buying and selling single-family houses. The franchise provides a system to by houses wholesale, financing to purchase houses, training and other services.
Franchisor Background
Established: 1989
First Franchise: 1996
Franchise Units: 250
Company-Owned Units: 0
Total Units: 250
Distribution:
U.S. -- 250;
Canada -- 0;
International -- 0
-North America -- Operations in 32 States
-States/Provinces with Greatest Density: 44 in TX, 39 in FL, 23 in GA
Projected New Units Over Next 12 months: 48
Franchisee Qualifications: 4, 4, 3, 2, 4, 5
(Click here for an explanation)
Registered in Following Registration States: NR (Click here for an explanation)
Average Number of Employees: 3 FT, 1 PT (FT = Full Time, PT = Part Time)
Space Needs: 600 SF; SF
(Click here for abbreviations)
Encourage Conversion: Yes
Financial Requirements
Cash Investment: $165-200K
Total Investment: $200-360K
Average Total Investment: $280.0K
Minimum Net Worth: $NR
Fees:
-Franchise: $46K
-Average Franchise Fee: $46.0K
-Royalty: $775/Transaction
-Advertising: NR
Provide Earning Claim Statement: No
Terms of Contract
Term of Contract (Years): 5/5
Passive Ownership: Discouraged
Area Development Agreements: No
Sub-Franchising Contracts: No
Expand In Territory: No
Franchisor Support and Training Provided
Site Selection Assistance: Yes
Lease Negotiation Assistance: No
Financial Assistance: Yes
Cooperative Advertising: Yes
International Franchise Association: IFA MEMBER
Canadian Franchise Association:
Franchisee Association / Member: No
Size Of Corporate Staff: 73
On-Going Support: A,C,D,E,G,H (Click here for an explanation)
Training: 10 Days in Dallas, TX; 2 Days at Franchise Location.
Franchisor's Specific Expansion Plans
U.S.: In 32 States
Canada: No
Overseas: No
Note: NR = No Response by Franchisor.
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