Start-Up Costs and Fees |
||
| Surface Specialists | HomeVestors of America | |
| Investment | 43200 - 56000 | 70000 - 426250 |
| Franchise Fee | 0 | |
| Royalty Fee | 5% | Varies |
| Advertising Fee | Varies | |
| Year Founded | 1981 | 1989 |
| Year Franchised | 1982 | 1996 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Surface Specialists | HomeVestors of America | |
| Experience | Industry experience General business experience Marketing skills (qualifications helpful but not required) | General business experience |
Financing Options |
||
| Surface Specialists | 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 |
||
| Surface Specialists | HomeVestors of America | |
| Training | On-The-Job Training: 57-73 hours Classroom Training: 23 hours Follow-up training available at franchisee's location | 1 week initial training |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Online Support Field Operations Franchisee Intranet Platform | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market |
| Marketing | Ad Templates Social media SEO Website development | Co-op advertising, Ad slicks, Regional advertising |
| Operations | Franchise can be run from home. 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 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 |
||
| Surface Specialists | 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 | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Surface Specialists | |
| HomeVestors of America | |
| Franchise Fee | |
| Surface Specialists | |
| HomeVestors of America | |
| Royalty Fee | |
| Surface Specialists | 5% |
| HomeVestors of America | Varies |
| Advertising Fee | |
| Surface Specialists | |
| HomeVestors of America | Varies |
| Year Founded | |
| Surface Specialists | 1981 |
| HomeVestors of America | 1989 |
| Year Franchised | |
| Surface Specialists | 1982 |
| HomeVestors of America | 1996 |
| Term Of Agreement | |
| Surface Specialists | 10 years |
| HomeVestors of America | 5 years |
| Renewal Fee | |
| Surface Specialists | |
| HomeVestors of America | |
Business Experience Requirements |
|
| Experience | |
| Surface Specialists | Industry experience General business experience Marketing skills (qualifications helpful but not required) |
| HomeVestors of America | General business experience |
Financing Options |
|
| Franchise Fees | |
| Surface Specialists | Yes |
| HomeVestors of America | Yes |
| Start-up Costs | |
| Surface Specialists | |
| HomeVestors of America | |
| Equipment | |
| Surface Specialists} | |
| HomeVestors of America | |
| Inventory | |
| Surface Specialists | |
| HomeVestors of America | |
| Receivables | |
| Surface Specialists | |
| HomeVestors of America | |
| Payroll | |
| Surface Specialists | |
| HomeVestors of America | |
Training & Support |
|
| Training | |
| Surface Specialists | On-The-Job Training: 57-73 hours Classroom Training: 23 hours Follow-up training available at franchisee's location |
| HomeVestors of America | 1 week initial training |
| Support | |
| Surface Specialists | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Online Support Field Operations Franchisee Intranet Platform |
| HomeVestors of America | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market |
| Marketing | |
| Surface Specialists | Ad Templates Social media SEO Website development |
| HomeVestors of America | Co-op advertising, Ad slicks, Regional advertising |
| Operations | |
| Surface Specialists | Franchise can be run from home. 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 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 | |
| Surface Specialists | 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 | |
| Surface Specialists | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory |
| HomeVestors of America | |
| International Expansion | |
| Surface Specialists | |
| HomeVestors of America | |