Start-Up Costs and Fees |
||
| The Patch Boys | HomeVestors of America | |
| Investment | 48900 - 75900 | 70000 - 426250 |
| Franchise Fee | 0 | |
| Royalty Fee | 7% | Varies |
| Advertising Fee | 2% | Varies |
| Year Founded | 2008 | 1989 |
| Year Franchised | 2015 | 1996 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| The Patch Boys | HomeVestors of America | |
| Experience | *Strong Sales and Client Service Abilities *Good with Timing and Schedule Management *High Personal Standards *Able to Meet Initial Investment Requirements *Strong Sense of Integrity in Corporate and Client Relationships *A Willingness and Commitment to Excellent Service Targeted experiences for potential franchise owners include: *Franchise Operations or Retail Service Industry Experience *Business Owner and/or Managerial Experience *Husband and Wife entrepreneurial team who want to start a business | General business experience |
Financing Options |
||
| The Patch Boys | 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 Patch Boys | HomeVestors of America | |
| Training | We provide full training and support at our headquarters in NY ( takes 4-6 days) | 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 Patch Boys | 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 | |
| The Patch Boys | |
| HomeVestors of America | |
| Franchise Fee | |
| The Patch Boys | |
| HomeVestors of America | |
| Royalty Fee | |
| The Patch Boys | 7% |
| HomeVestors of America | Varies |
| Advertising Fee | |
| The Patch Boys | 2% |
| HomeVestors of America | Varies |
| Year Founded | |
| The Patch Boys | 2008 |
| HomeVestors of America | 1989 |
| Year Franchised | |
| The Patch Boys | 2015 |
| HomeVestors of America | 1996 |
| Term Of Agreement | |
| The Patch Boys | |
| HomeVestors of America | 5 years |
| Renewal Fee | |
| The Patch Boys | |
| HomeVestors of America | |
Business Experience Requirements |
|
| Experience | |
| The Patch Boys | *Strong Sales and Client Service Abilities *Good with Timing and Schedule Management *High Personal Standards *Able to Meet Initial Investment Requirements *Strong Sense of Integrity in Corporate and Client Relationships *A Willingness and Commitment to Excellent Service Targeted experiences for potential franchise owners include: *Franchise Operations or Retail Service Industry Experience *Business Owner and/or Managerial Experience *Husband and Wife entrepreneurial team who want to start a business |
| HomeVestors of America | General business experience |
Financing Options |
|
| Franchise Fees | |
| The Patch Boys | No |
| HomeVestors of America | No |
| Start-up Costs | |
| The Patch Boys | |
| HomeVestors of America | |
| Equipment | |
| The Patch Boys} | |
| HomeVestors of America | |
| Inventory | |
| The Patch Boys | |
| HomeVestors of America | |
| Receivables | |
| The Patch Boys | |
| HomeVestors of America | |
| Payroll | |
| The Patch Boys | |
| HomeVestors of America | |
Training & Support |
|
| Training | |
| The Patch Boys | We provide full training and support at our headquarters in NY ( takes 4-6 days) |
| HomeVestors of America | 1 week initial training |
| Support | |
| The Patch Boys | |
| HomeVestors of America | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market |
| Marketing | |
| The Patch Boys | |
| HomeVestors of America | Co-op advertising, Ad slicks, Regional advertising |
| Operations | |
| The Patch Boys | |
| 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 Patch Boys | 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 Patch Boys | 0 |
| HomeVestors of America | |
| International Expansion | |
| The Patch Boys | |
| HomeVestors of America | |