Start-Up Costs and Fees |
||
| Precision Door Service | HomeVestors of America | |
| Investment | 71255 - 314955 | 70000 - 426250 |
| Franchise Fee | 0 | |
| Royalty Fee | $500/wk. to 6K/wk. | Varies |
| Advertising Fee | 3% | Varies |
| Year Founded | 1997 | 1989 |
| Year Franchised | 1999 | 1996 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Precision Door Service | HomeVestors of America | |
| Experience | General business experience | |
Financing Options |
||
| Precision Door Service | 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 |
||
| Precision Door Service | HomeVestors of America | |
| Training | On-The-Job Training: 80 hours Classroom Training: 40 hours | 1 week initial training |
| Support | Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market |
| Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing | Co-op advertising, Ad slicks, Regional advertising |
| Operations | Number of Employees Required to Run: 3 - 6 | 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 |
||
| Precision Door Service | 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 | 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 | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Precision Door Service | |
| HomeVestors of America | |
| Franchise Fee | |
| Precision Door Service | |
| HomeVestors of America | |
| Royalty Fee | |
| Precision Door Service | $500/wk. to 6K/wk. |
| HomeVestors of America | Varies |
| Advertising Fee | |
| Precision Door Service | 3% |
| HomeVestors of America | Varies |
| Year Founded | |
| Precision Door Service | 1997 |
| HomeVestors of America | 1989 |
| Year Franchised | |
| Precision Door Service | 1999 |
| HomeVestors of America | 1996 |
| Term Of Agreement | |
| Precision Door Service | 10 years |
| HomeVestors of America | 5 years |
| Renewal Fee | |
| Precision Door Service | |
| HomeVestors of America | |
Business Experience Requirements |
|
| Experience | |
| Precision Door Service | |
| HomeVestors of America | General business experience |
Financing Options |
|
| Franchise Fees | |
| Precision Door Service | Yes |
| HomeVestors of America | Yes |
| Start-up Costs | |
| Precision Door Service | |
| HomeVestors of America | |
| Equipment | |
| Precision Door Service} | |
| HomeVestors of America | |
| Inventory | |
| Precision Door Service | |
| HomeVestors of America | |
| Receivables | |
| Precision Door Service | |
| HomeVestors of America | |
| Payroll | |
| Precision Door Service | |
| HomeVestors of America | |
Training & Support |
|
| Training | |
| Precision Door Service | On-The-Job Training: 80 hours Classroom Training: 40 hours |
| HomeVestors of America | 1 week initial training |
| Support | |
| Precision Door Service | Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| HomeVestors of America | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market |
| Marketing | |
| Precision Door Service | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing |
| HomeVestors of America | Co-op advertising, Ad slicks, Regional advertising |
| Operations | |
| Precision Door Service | Number of Employees Required to Run: 3 - 6 |
| 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 | |
| Precision Door Service | 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 |
| 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 | |
| Precision Door Service | 0 |
| HomeVestors of America | |
| International Expansion | |
| Precision Door Service | |
| HomeVestors of America | |