Start-Up Costs and Fees |
||
| American Leak Detection | HomeVestors of America | |
| Investment | 76755 - 259550 | 70000 - 426250 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 6-10% | Varies |
| Advertising Fee | Varies | |
| Year Founded | 1974 | 1989 |
| Year Franchised | 1984 | 1996 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| American Leak Detection | HomeVestors of America | |
| Experience | General business experience Marketing skills | General business experience |
Financing Options |
||
| American Leak Detection | HomeVestors of America | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | Yes |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| American Leak Detection | HomeVestors of America | |
| Training | On-The-Job Training: 40 hours Classroom Training: 40 hours Additional Training: Annual convention | 1 week initial training |
| Support | Newsletter Meetings/Conventions Toll-Free Line Online Support Field Operations Proprietary Software Franchisee Intranet Platform | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market |
| Marketing | Co-op Advertising National Media Regional Advertising SEO Website development | Co-op advertising, Ad slicks, Regional advertising |
| Operations | Franchise can be run from home. International franchisees required to buy multiple units/master licenses; 7% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 - 3 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | Less than 5% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
||
| American Leak Detection | HomeVestors of America | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory | |
| International Expansion | Australia/New Zealand, Canada, Central America, Eastern Europe, Japan, Mexico, South America, Western Europe, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| American Leak Detection | |
| HomeVestors of America | |
| Franchise Fee | |
| American Leak Detection | |
| HomeVestors of America | |
| Royalty Fee | |
| American Leak Detection | 6-10% |
| HomeVestors of America | Varies |
| Advertising Fee | |
| American Leak Detection | |
| HomeVestors of America | Varies |
| Year Founded | |
| American Leak Detection | 1974 |
| HomeVestors of America | 1989 |
| Year Franchised | |
| American Leak Detection | 1984 |
| HomeVestors of America | 1996 |
| Term Of Agreement | |
| American Leak Detection | 10 years |
| HomeVestors of America | 5 years |
| Renewal Fee | |
| American Leak Detection | |
| HomeVestors of America | |
Business Experience Requirements |
|
| Experience | |
| American Leak Detection | General business experience Marketing skills |
| HomeVestors of America | General business experience |
Financing Options |
|
| Franchise Fees | |
| American Leak Detection | No |
| HomeVestors of America | No |
| Start-up Costs | |
| American Leak Detection | |
| HomeVestors of America | |
| Equipment | |
| American Leak Detection} | |
| HomeVestors of America | |
| Inventory | |
| American Leak Detection | |
| HomeVestors of America | |
| Receivables | |
| American Leak Detection | |
| HomeVestors of America | |
| Payroll | |
| American Leak Detection | |
| HomeVestors of America | |
Training & Support |
|
| Training | |
| American Leak Detection | On-The-Job Training: 40 hours Classroom Training: 40 hours Additional Training: Annual convention |
| HomeVestors of America | 1 week initial training |
| Support | |
| American Leak Detection | Newsletter Meetings/Conventions Toll-Free Line Online Support Field Operations Proprietary Software Franchisee Intranet Platform |
| HomeVestors of America | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market |
| Marketing | |
| American Leak Detection | Co-op Advertising National Media Regional Advertising SEO Website development |
| HomeVestors of America | Co-op advertising, Ad slicks, Regional advertising |
| Operations | |
| American Leak Detection | Franchise can be run from home. International franchisees required to buy multiple units/master licenses; 7% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 - 3 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
| HomeVestors of America | Less than 5% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| American Leak Detection | |
| HomeVestors of America | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | |
| American Leak Detection | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory |
| HomeVestors of America | |
| International Expansion | |
| American Leak Detection | Australia/New Zealand, Canada, Central America, Eastern Europe, Japan, Mexico, South America, Western Europe, |
| HomeVestors of America | |