Start-Up Costs and Fees |
||
| CRATE | HomeVestors of America | |
| Investment | 100424 - 177999 | 70000 - 426250 |
| Franchise Fee | 0 | |
| Royalty Fee | 2%-4% | Varies |
| Advertising Fee | $38,500 - $42,000 annually | Varies |
| Year Founded | 2011 | 1989 |
| Year Franchised | 2015 | 1996 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| CRATE | HomeVestors of America | |
| Experience | We're looking to partner with motivated entrepreneurs who have liquid funds amounting to at least 150% of the figures listed in Item 7 of CRATE's Franchise Disclosure Document, and proper licensing. | General business experience |
Financing Options |
||
| CRATE | HomeVestors of America | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | Yes | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| CRATE | HomeVestors of America | |
| Training | Ongoing | 1 week initial training |
| Support | CRATE franchisees receive ongoing training and support with everything from lead screening, marketing, sales, project management, field implementation, and security/safety procedures. CRATE's 24/7 support team offers contractors the benefit of warmed up leads and setting up initial walk-throughs. | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | |
| Operations | Our time-tested business model equips contractors with the necessary tools to offer a residential construction business which offers affordable remodeling for kitchens and bathrooms to customers wishing to implement a high-end renovation to an existing kitchen or bathroom layout. Our system is designed to maximized efficiency, as well as profit-per-workday. | 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 |
||
| CRATE | HomeVestors of America | |
| US Expansion | Arizona, California, Nevada, Oregon | 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 |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| CRATE | |
| HomeVestors of America | |
| Franchise Fee | |
| CRATE | |
| HomeVestors of America | |
| Royalty Fee | |
| CRATE | 2%-4% |
| HomeVestors of America | Varies |
| Advertising Fee | |
| CRATE | $38,500 - $42,000 annually |
| HomeVestors of America | Varies |
| Year Founded | |
| CRATE | 2011 |
| HomeVestors of America | 1989 |
| Year Franchised | |
| CRATE | 2015 |
| HomeVestors of America | 1996 |
| Term Of Agreement | |
| CRATE | |
| HomeVestors of America | 5 years |
| Renewal Fee | |
| CRATE | |
| HomeVestors of America | |
Business Experience Requirements |
|
| Experience | |
| CRATE | We're looking to partner with motivated entrepreneurs who have liquid funds amounting to at least 150% of the figures listed in Item 7 of CRATE's Franchise Disclosure Document, and proper licensing. |
| HomeVestors of America | General business experience |
Financing Options |
|
| Franchise Fees | |
| CRATE | |
| HomeVestors of America | |
| Start-up Costs | |
| CRATE | |
| HomeVestors of America | |
| Equipment | |
| CRATE} | |
| HomeVestors of America | |
| Inventory | |
| CRATE | |
| HomeVestors of America | |
| Receivables | |
| CRATE | |
| HomeVestors of America | |
| Payroll | |
| CRATE | |
| HomeVestors of America | |
Training & Support |
|
| Training | |
| CRATE | Ongoing |
| HomeVestors of America | 1 week initial training |
| Support | |
| CRATE | CRATE franchisees receive ongoing training and support with everything from lead screening, marketing, sales, project management, field implementation, and security/safety procedures. CRATE's 24/7 support team offers contractors the benefit of warmed up leads and setting up initial walk-throughs. |
| HomeVestors of America | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market |
| Marketing | |
| CRATE | |
| HomeVestors of America | Co-op advertising, Ad slicks, Regional advertising |
| Operations | |
| CRATE | Our time-tested business model equips contractors with the necessary tools to offer a residential construction business which offers affordable remodeling for kitchens and bathrooms to customers wishing to implement a high-end renovation to an existing kitchen or bathroom layout. Our system is designed to maximized efficiency, as well as profit-per-workday. |
| 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 | |
| CRATE | Arizona, California, Nevada, Oregon |
| 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 | |
| CRATE | |
| HomeVestors of America | |
| International Expansion | |
| CRATE | |
| HomeVestors of America | |