Start-Up Costs and Fees |
||
| Grout Wizard | HomeVestors of America | |
| Investment | 20615 - 33725 | 70000 - 426250 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 6%-9% | Varies |
| Advertising Fee | 3% | Varies |
| Year Founded | 1997 | 1989 |
| Year Franchised | 2001 | 1996 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Grout Wizard | HomeVestors of America | |
| Experience | You need no previous business nor technical experience at all. Franchisees come from all backgrounds, ages and genders. The Company will teach you every phase of the business step by step. All you need is the desire to own and operate your own business. | General business experience |
Financing Options |
||
| Grout Wizard | HomeVestors of America | |
| Franchise Fees | Yes | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | Yes |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Grout Wizard | HomeVestors of America | |
| Training | There is a required 5-day, in depth, hands on training program that all Franchisees must successfully complete. Each Franchisee will be provided with the details of GROUT WIZARD procedures, methods of operations, sales techniques, communications, advertising, managing employees, interacting with customers and every aspect of operating a successful GROUT WIZARD business. | 1 week initial training |
| Support | Meetings, Internet, Security/safety procedures, Field operations/evaluations | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market |
| Marketing | Ad slicks | Co-op advertising, Ad slicks, Regional advertising |
| Operations | Franchise can be run from home. Number of employees needed to run franchised unit: 2 - 4 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 |
||
| Grout Wizard | 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 |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Grout Wizard | |
| HomeVestors of America | |
| Franchise Fee | |
| Grout Wizard | |
| HomeVestors of America | |
| Royalty Fee | |
| Grout Wizard | 6%-9% |
| HomeVestors of America | Varies |
| Advertising Fee | |
| Grout Wizard | 3% |
| HomeVestors of America | Varies |
| Year Founded | |
| Grout Wizard | 1997 |
| HomeVestors of America | 1989 |
| Year Franchised | |
| Grout Wizard | 2001 |
| HomeVestors of America | 1996 |
| Term Of Agreement | |
| Grout Wizard | 5 years |
| HomeVestors of America | 5 years |
| Renewal Fee | |
| Grout Wizard | |
| HomeVestors of America | |
Business Experience Requirements |
|
| Experience | |
| Grout Wizard | You need no previous business nor technical experience at all. Franchisees come from all backgrounds, ages and genders. The Company will teach you every phase of the business step by step. All you need is the desire to own and operate your own business. |
| HomeVestors of America | General business experience |
Financing Options |
|
| Franchise Fees | |
| Grout Wizard | Yes |
| HomeVestors of America | Yes |
| Start-up Costs | |
| Grout Wizard | |
| HomeVestors of America | |
| Equipment | |
| Grout Wizard} | |
| HomeVestors of America | |
| Inventory | |
| Grout Wizard | |
| HomeVestors of America | |
| Receivables | |
| Grout Wizard | |
| HomeVestors of America | |
| Payroll | |
| Grout Wizard | |
| HomeVestors of America | |
Training & Support |
|
| Training | |
| Grout Wizard | There is a required 5-day, in depth, hands on training program that all Franchisees must successfully complete. Each Franchisee will be provided with the details of GROUT WIZARD procedures, methods of operations, sales techniques, communications, advertising, managing employees, interacting with customers and every aspect of operating a successful GROUT WIZARD business. |
| HomeVestors of America | 1 week initial training |
| Support | |
| Grout Wizard | Meetings, Internet, Security/safety procedures, Field operations/evaluations |
| HomeVestors of America | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market |
| Marketing | |
| Grout Wizard | Ad slicks |
| HomeVestors of America | Co-op advertising, Ad slicks, Regional advertising |
| Operations | |
| Grout Wizard | Franchise can be run from home. Number of employees needed to run franchised unit: 2 - 4 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 | |
| Grout Wizard | |
| 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 | |
| Grout Wizard | |
| HomeVestors of America | |
| International Expansion | |
| Grout Wizard | |
| HomeVestors of America | |