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HomeVestors Of America

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%
Company-Owned Units:	0	0%
	______	_____
Total Operating Units:	220	100%

Geographic Distribution:
U.S.:	220	100%	In 35 States
Canada:	0	0%	In 0 Canadian Provinces
International:	0	0%	In 0 Foreign Countries
	______	_____
Total:	220	100%

North America:
States/Provinces with the largest number of operating units:
Density	Units
1. Florida	43
2. Georgia	21
3. Texas	44

Registered in Following Registration States:

Financial Requirements

Investment:
Minimum Net Worth:	$
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

Average Number of Employees:

3 Full-time

Space Needs (in square footage):

600

Preferred Sites:

Storefront

Other Sites:

Encourage Conversions?

Yes

Earnings Claims Provided?

Listed in the SBA Registry?

Support and Training

International Franchise Association:	Yes
Canadian Franchise Association:	No
Franchisee Association/Member:	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
Marketing Materials:	None Specified
Additional Services:	None Specified
Other Marketing Support:	None Specified

On-Going Support:
Central Data Processing:	Included in Fees
Central Purchasing:	Not Applicable
Field Operation Evaluation:	Included in Fees
Field Training:	Included in Fees
Initial Store Opening:	Included in Fees
Inventory Control:	Not Applicable
Franchisee Newsletter:	Included in Fees
Regional or National Meetings:	Included in Fees
800 Telephone Hotline:	Not Applicable

Training:
1. Dallas, TX	10 Days
2. Franchise Location	10 Days

Franchisee Qualifications

Ranked from 1 (unimportant) to 5 (important):

Financial Net Worth:	4
General Business Experience:	4
Specific Industry Experience:	3
Formal Education:	2
Psychological Profile:	4
Personal Interview(s):	5

Minority Representation

Units Owned by Minorities:
African-American:	N/A
Asian-American:	N/A
Hispanic:	N/A
Native American:	N/A
Other:	N/A
Specific Minority:	N/A

Terms of Contract

Term of Initial Contract:	5 Year(s)
Term of Renewal Period:	5 Year(s)
Passive Ownership:	Allowed, But Discouraged
Area Development Agreements?	No
Sub-Franchising Contracts?	No
Franchisees Allowed to Expand Within Territory?	No

Expansion Plans

Projected New Units Over Next 12 months:

U.S.:	Yes, In 35 states
Canada:	No
Overseas:	No

FRANCHISE INFORMATION AT YOUR FINGERTIPS

Franchisor Background

Year Established:

Franchising Since:

Operating Units:

Geographic Distribution:

North America: