Start-Up Costs and Fees |
||
| HomeVestors of America | The Grout Medic | |
| Investment | 70000 - 426250 | 24675 - 57950 |
| Franchise Fee | 0 | |
| Royalty Fee | Varies | 5%-10% |
| Advertising Fee | Varies | $75/month |
| Year Founded | 1989 | 1997 |
| Year Franchised | 1996 | 2001 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| HomeVestors of America | The Grout Medic | |
| Experience | General business experience | |
Financing Options |
||
| HomeVestors of America | The Grout Medic | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | Yes | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| HomeVestors of America | The Grout Medic | |
| Training | 1 week initial training | |
| Support | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market | |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | |
| Operations | 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 |
||
| HomeVestors of America | The Grout Medic | |
| 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 | 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, | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| HomeVestors of America | |
| The Grout Medic | |
| Franchise Fee | |
| HomeVestors of America | |
| The Grout Medic | |
| Royalty Fee | |
| HomeVestors of America | Varies |
| The Grout Medic | 5%-10% |
| Advertising Fee | |
| HomeVestors of America | Varies |
| The Grout Medic | $75/month |
| Year Founded | |
| HomeVestors of America | 1989 |
| The Grout Medic | 1997 |
| Year Franchised | |
| HomeVestors of America | 1996 |
| The Grout Medic | 2001 |
| Term Of Agreement | |
| HomeVestors of America | 5 years |
| The Grout Medic | 7 years |
| Renewal Fee | |
| HomeVestors of America | |
| The Grout Medic | $2,000 |
Business Experience Requirements |
|
| Experience | |
| HomeVestors of America | General business experience |
| The Grout Medic | |
Financing Options |
|
| Franchise Fees | |
| HomeVestors of America | No |
| The Grout Medic | No |
| Start-up Costs | |
| HomeVestors of America | |
| The Grout Medic | |
| Equipment | |
| HomeVestors of America} | |
| The Grout Medic | |
| Inventory | |
| HomeVestors of America | |
| The Grout Medic | |
| Receivables | |
| HomeVestors of America | |
| The Grout Medic | |
| Payroll | |
| HomeVestors of America | |
| The Grout Medic | |
Training & Support |
|
| Training | |
| HomeVestors of America | 1 week initial training |
| The Grout Medic | |
| Support | |
| HomeVestors of America | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market |
| The Grout Medic | |
| Marketing | |
| HomeVestors of America | Co-op advertising, Ad slicks, Regional advertising |
| The Grout Medic | |
| Operations | |
| 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) |
| The Grout Medic | |
Expansion Plans |
|
| US Expansion | |
| 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 |
| The Grout Medic | 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 | |
| HomeVestors of America | |
| The Grout Medic | Nationwide, |
| International Expansion | |
| HomeVestors of America | |
| The Grout Medic | |