Start-Up Costs and Fees |
||
| Closet & Storage Concepts | HomeVestors of America | |
| Investment | 96500 - 499000 | 70000 - 426250 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 5% | Varies |
| Advertising Fee | Varies | |
| Year Founded | 1987 | 1989 |
| Year Franchised | 2000 | 1996 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Closet & Storage Concepts | HomeVestors of America | |
| Experience | General business experience Marketing skills Strong sales background a plus | General business experience |
Financing Options |
||
| Closet & Storage Concepts | 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 |
||
| Closet & Storage Concepts | HomeVestors of America | |
| Training | 1 week initial training | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | Co-op advertising, Ad slicks, Regional advertising |
| Operations | 0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 - 12 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 |
||
| Closet & Storage Concepts | 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 | ||
| International Expansion | Canada, Mexico, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Closet & Storage Concepts | |
| HomeVestors of America | |
| Franchise Fee | |
| Closet & Storage Concepts | |
| HomeVestors of America | |
| Royalty Fee | |
| Closet & Storage Concepts | 5% |
| HomeVestors of America | Varies |
| Advertising Fee | |
| Closet & Storage Concepts | |
| HomeVestors of America | Varies |
| Year Founded | |
| Closet & Storage Concepts | 1987 |
| HomeVestors of America | 1989 |
| Year Franchised | |
| Closet & Storage Concepts | 2000 |
| HomeVestors of America | 1996 |
| Term Of Agreement | |
| Closet & Storage Concepts | 10 years |
| HomeVestors of America | 5 years |
| Renewal Fee | |
| Closet & Storage Concepts | Lesser of initial, current fee |
| HomeVestors of America | |
Business Experience Requirements |
|
| Experience | |
| Closet & Storage Concepts | General business experience Marketing skills Strong sales background a plus |
| HomeVestors of America | General business experience |
Financing Options |
|
| Franchise Fees | |
| Closet & Storage Concepts | No |
| HomeVestors of America | No |
| Start-up Costs | |
| Closet & Storage Concepts | |
| HomeVestors of America | |
| Equipment | |
| Closet & Storage Concepts} | |
| HomeVestors of America | |
| Inventory | |
| Closet & Storage Concepts | |
| HomeVestors of America | |
| Receivables | |
| Closet & Storage Concepts | |
| HomeVestors of America | |
| Payroll | |
| Closet & Storage Concepts | |
| HomeVestors of America | |
Training & Support |
|
| Training | |
| Closet & Storage Concepts | |
| HomeVestors of America | 1 week initial training |
| Support | |
| Closet & Storage Concepts | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| HomeVestors of America | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market |
| Marketing | |
| Closet & Storage Concepts | Co-op advertising, Ad slicks, National media, Regional advertising |
| HomeVestors of America | Co-op advertising, Ad slicks, Regional advertising |
| Operations | |
| Closet & Storage Concepts | 0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 - 12 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 | |
| Closet & Storage Concepts | |
| 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 | |
| Closet & Storage Concepts | |
| HomeVestors of America | |
| International Expansion | |
| Closet & Storage Concepts | Canada, Mexico, |
| HomeVestors of America | |