HomeVestors of America vs N-Hance Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of HomeVestors of America vs N-Hance including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
	HomeVestors of America Franchise	N-Hance Franchise
Investment	$70,000 - $426,250	$52,369 - $168,747
Franchise Fee	$32,000 - $70,000	$11,669 - $47,752
Royalty Fee	Varies	$353-$705/mo.
Advertising Fee	Varies	$200/mo.
Year Founded	1989	2001
Year Franchised	1996	2003
Term Of Agreement	5 years	5 years
Term Of Agreement	5 years	5 years
Renewal Fee	-	-
Business Experience Requirements
	HomeVestors of America Franchise	N-Hance Franchise
Experience	General business experience	-
Financing Options
	HomeVestors of America Franchise	N-Hance Franchise
	In-House/3rd Party	In-House/3rd Party
Franchise Fees	No/No	Yes/Yes
Start-up Costs	No/No	No/Yes
Equipment	No/No	Yes/Yes
Inventory	Yes/Yes	Yes/Yes
Receivables	No/No	No/No
Payroll	No/No	No/No
Training & Support
	HomeVestors of America Franchise	N-Hance Franchise
Training	1 week initial training	After purchasing an N-Hance business, new franchisees will attend an intensive 10-day hands-on training course at our corporate headquarters in Logan, Utah. At the Logan training, franchisees can expect to learn everything from tricks of the trade to best practices for marketing, sales, and general operation of their business. On-The-Job Training: 40 hours Classroom Training: 25 hours
Support	Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market	During your first full year of owning your N-Hance franchise, you’ll be assigned to a personal “N-Gage” business coach to help you navigate the waters of entrepreneurship. Even after the first 12 months of your participation in our franchise program, our corporate team travels all over to different franchise “hubs” to provide continued personalized coaching. Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform
Marketing	Co-op advertising, Ad slicks, Regional advertising	Marketing and advertising are the most important elements of operating a successful business. N-Hance has created an online wealth of marketing materials including mobile-optimized websites, press releases, stock photography, commercials and an N-Hance visualizer app to help our franchisees to market their products. We also offer personal and customized marketing consultations with each of our franchisees. These meetings help them learn the best marketing techniques for their area. Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing
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)	Franchise can be run from home. 35% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators)
Expansion Plans
	HomeVestors of America Franchise	N-Hance Franchise
US Expansion	Yes	Yes
Canada Expansion	No	No
International Expansion	No	Yes

Company Overviews

About HomeVestors of America

With approximately 200 franchisees independently operating in 33 states, We Buy Ugly Houses / HomeVestors commits itself to enforcing high ethical standards and strict systems that result in responsible business practices. We are proud of the service we provide that helps homeowners and people who would like to start their own profitable real estate franchise business.


Our franchisees either renovate and sell or renovate and rent properties they buy, which generates a positive cash flow and equity. We Buy Ugly Houses / HomeVestors franchisees must complete our intensive training program. It incorporates all of our systems for buying homes as well as good business standards. Our franchisees learn how to deal with homeowners who may be in an ugly situation, how to explain our home buying process, and how to carry out as-is all cash buyout deals that create a profit for franchisees while helping a homeowner get out of an ugly house.

Veteran Incentives   10% off franchise fee

       

About N-Hance

Possess Your Own Business Restoring the Beauty Of Wood Floors and Cabinets In Your Own Protected Market.

Have you ever wanted to work for yourself? At this moment there is a chance to do only that. You can possess your own establishment in an ensured showcase, while offering a progressive new administration that is in HIGH DEMAND!

N-Hance Wood Renewal franchisees can offer an administration to shoppers that is dissimilar to whatever else is in the market. Our one of a kind procedure accomplishes unbelievable outcomes at a small amount of the cost of run of the mill wood floor and wood cupboard revamping, sparing your clients a large number of dollars! Your clients will love the way their wood floors and cupboards look.

Telecommute through an administration based establishment opportunity. With a locally established business, you have the flexibility to construct your own particular business while being upheld by a demonstrated brand and a national achievement record. N-Hance has set up an effective framework for anybody to run an establishment from home, since this profoundly looked for after private venture establishment opportunity gives people the instruments they have to really succeed!