Business Description

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:	265	100%
Company-Owned Units:	0	0%
Total Operating Units:	265	100.0%
Geographic Distribution: U.S.: 265 100% In 35 States Canada: 0 0% In 0 Canadian Provinces International: 0 0% In 0 Foreign Countries   Total: 265 100.0%

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:	$165-200K
Total Investment:	$200-370K
Average Total Investment:	$285K
Fees:
Initial Franchise Fee:	$49K
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?: No

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
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
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
Expansion Plans
Projected New Units Over Next 12 months: 68 U.S.: Yes, In 35 states Canada: No Overseas: No	Request Franchisor Info   Submit an online form to receive information from HomeVestors Of America.