Start-Up Costs and Fees |
||
| Ready Decks | HomeVestors of America | |
| Investment | 144000 - 213000 | 70000 - 426250 |
| Franchise Fee | 0 | |
| Royalty Fee | 5% | Varies |
| Advertising Fee | Varies | |
| Year Founded | 2001 | 1989 |
| Year Franchised | 2005 | 1996 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Ready Decks | HomeVestors of America | |
| Experience | General business experience | |
Financing Options |
||
| Ready Decks | 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 |
||
| Ready Decks | HomeVestors of America | |
| Training | * Available at headquarters: 2 weeks * At franchisee's location: 1 week | 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 | * Franchise can be run from home * Number of employees needed to run franchised unit: 2 * Absentee ownership of franchise is NOT allowed. | 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 |
||
| Ready Decks | 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 | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Ready Decks | |
| HomeVestors of America | |
| Franchise Fee | |
| Ready Decks | |
| HomeVestors of America | |
| Royalty Fee | |
| Ready Decks | 5% |
| HomeVestors of America | Varies |
| Advertising Fee | |
| Ready Decks | |
| HomeVestors of America | Varies |
| Year Founded | |
| Ready Decks | 2001 |
| HomeVestors of America | 1989 |
| Year Franchised | |
| Ready Decks | 2005 |
| HomeVestors of America | 1996 |
| Term Of Agreement | |
| Ready Decks | 10 years |
| HomeVestors of America | 5 years |
| Renewal Fee | |
| Ready Decks | $14,500 |
| HomeVestors of America | |
Business Experience Requirements |
|
| Experience | |
| Ready Decks | |
| HomeVestors of America | General business experience |
Financing Options |
|
| Franchise Fees | |
| Ready Decks | No |
| HomeVestors of America | No |
| Start-up Costs | |
| Ready Decks | |
| HomeVestors of America | |
| Equipment | |
| Ready Decks} | |
| HomeVestors of America | |
| Inventory | |
| Ready Decks | |
| HomeVestors of America | |
| Receivables | |
| Ready Decks | |
| HomeVestors of America | |
| Payroll | |
| Ready Decks | |
| HomeVestors of America | |
Training & Support |
|
| Training | |
| Ready Decks | * Available at headquarters: 2 weeks * At franchisee's location: 1 week |
| HomeVestors of America | 1 week initial training |
| Support | |
| Ready Decks | |
| HomeVestors of America | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market |
| Marketing | |
| Ready Decks | |
| HomeVestors of America | Co-op advertising, Ad slicks, Regional advertising |
| Operations | |
| Ready Decks | * Franchise can be run from home * Number of employees needed to run franchised unit: 2 * Absentee ownership of franchise is NOT allowed. |
| 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 | |
| Ready Decks | 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 | |
| Ready Decks | |
| HomeVestors of America | |
| International Expansion | |
| Ready Decks | |
| HomeVestors of America | |