Start a HomeVestors of America Franchise in 2024

2024 Franchise 500 Rank: #85 Ranked #65 last year

Initial investment: $109K - $461K

Units as of 2023: 1,129 0.6% over 3 years

HomeVestors of America, founded in 1996, is one of the leading homebuyers in America. The company believes in making it possible for most people to sell their homes quickly, painlessly, and profitably. They may invest in ‘ugly’ houses and turn them into dream homes, while giving homeowners their money's worth.

HomeVestors of America has over 1,000 locations scattered throughout the United States.

As one of the most recognizable franchises in the U.S. and a leader in home buying, HomeVestors of America has turned dust into gold buying properties up and down the nation. As a franchisee, you may purchase several homes and flip dilapidated buildings, creating beautiful houses.

Why You May Want to Start a HomeVestors of America Franchise

If you've ever wanted to get started in real estate, then a HomeVestors of America franchise might be for you. In the United States’ real estate market, owning a HomeVestors of America franchise might set you up to learn some great business and home skills.

As one of the leading real estate and house buyer franchises in the country, HomeVestors of America tends to enjoy a well-established and respected brand. Their network of hundreds of franchises means that you wouldn't walk alone in the franchise journey. HomeVestors of America also typically offers in-depth training on starting and running a business with additional courses in marketing and branding. You may be able to help people looking for houses and people selling homes, too.

HomeVestors of America wants franchisees who are excited about owning and running a business and pumped up about real estate. You just might have loyal customers within your neighborhood. HomeVestors of America offers you the chance to make your community more attractive and help people along the way.

What Might Make HomeVestors of America Franchise a Good Choice?

To be part of the HomeVestors of America team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. You should also prepare yourself for ongoing fees, which will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.

Real estate, especially home buying, can be a fun business to dive into. Having a HomeVestors of America franchise might give you a peace of mind knowing the real estate in your area is taken care of and that people in your community may be able to turn to you for their real estate needs.

With their training program and continual support, you might have your business up and running in a couple of months. The ideal franchisee has a passion for real estate and business with a willingness to learn.

How Do You Open a HomeVestors of America Franchise?

The front door to opening your HomeVestors of America franchise is open. Since the franchise is not a brick and mortar business, no storefront is required. This may allow you to run your franchise as a home-based business. Potential franchisees should evaluate the real estate market in their area and ask other franchisees about their experience with HomeVestors of America.

After the initial steps, HomeVestors of America often gives training on the real estate market, including valuing properties and selling the homes you flip. By the time you open the doors to your franchise, you might be ready to renovate old houses.

Company Overview

About HomeVestors of America

Industry	Services (Other)
Related Categories	Real Estate
Founded	1996
Parent Company	Bayview MSR Opportunity Master Fund LP
Leadership	Larry Goodman, CEO
Corporate Address	6500 Greenville Ave., #400 Dallas, TX 75206
Social	Facebook, Twitter, LinkedIn, Instagram, YouTube

Business Overview

Franchising Since	1996 (28 years)
# of employees at HQ	43
Where seeking	This company is offering new franchises throughout the US.
# of Units	1,129 (as of 2023)

Information for Franchisees

Here's what you need to know if you're interested in opening a HomeVestors of America franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$39,000 - $85,000
Initial Investment Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$109,000 - $461,250
Net Worth Requirement Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.	$89,000 - $461,250
Cash Requirement Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.	$90,000
Veteran Incentives Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.	10% off franchise fee
Royalty Fee Definition: A ongoing fee paid to the franchisor on a regular basis. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	Varies
Ad Royalty Fee Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.	Varies
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	5 years
Is franchise term renewable?	Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

In-House Financing	HomeVestors of America offers in-house financing to cover the following: inventory
Third Party Financing	HomeVestors of America has relationships with third-party sources which offer financing to cover the following: inventory

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training	10 hours
Classroom Training	41 hours
Ongoing Support	Purchasing Co-ops Newsletter Meetings & Conventions Toll-Free Line Field Operations Proprietary Software Franchisee Intranet Platform
Marketing Support	Co-op Advertising Ad Templates National Media Regional Advertising Social Media SEO Email Marketing Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?	No
Can this franchise be run from home/mobile unit? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	Yes
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	Yes
# of employees required to run	1
Are exclusive territories available? Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	No