HomeVestors of America Inc.

HomeVestors of America Inc.

#52

Initial Investment

LOW: $44,000
HIGH: $347,250

Change in Units

+19.7% +119 UNITS (1 Year)
+84.2% +331 UNITS (3 Years)

Company Profile

Founded

1996

Franchising Since

1996 (21 Years)

Corporate Address

6500 Greenville Ave., #400 Dallas, TX 75206

CEO

David Hicks

Parent Company

Franchise Brands LLC

About HomeVestors of America Inc.

Ken D'Angelo founded HomeVestors of America and began franchising in 1996. Based in Dallas, the company buys houses in need of repairs or updates, then repairs and sells them for profit. Some home sellers will sell their houses at a wholesale price if they get a cash offer, can close quickly and can sell the house without any repair or updating expenses.

Financials

Financial Requirements

Initial Investment

$44,000 - $347,250

Net-worth Requirement

$44,000 - $347,250

Liquid Cash Requirement

$44,000 - $347,250

Ongoing Fees

Initial Franchise Fee

$18,000 - $55,000

Ongoing Royalty Fee

Varies

Ad Royalty Fee

Varies

Financing Options

HomeVestors of America Inc. offers in-house financing to cover the following: inventory

HomeVestors of America Inc. has relationships with third-party sources which offer financing to cover the following: 
inventory

Veteran Incentives


10% off franchise fee

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units throughout the U.S.

Operations & Franchisor Support

Training Onsite: 8 hours

Training at headquarters: 5 days

Additional Training: Online training

Ongoing Support
Meetings
Toll-Free Line
Internet
Field Operations

Marketing Support
Co-op Advertising
Ad Slicks
National Media
Regional Media

Number of employees required to run: 1

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: September 7th, 2016

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