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