| ||||
Updated RecentlyHomeVestors of America vs Surface Specialists Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of HomeVestors of America vs Surface Specialists including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $70,000 - $426,250 | $43,200 - $56,000 |
| Franchise Fee | $32,000 - $70,000 | $36,000 |
| Royalty Fee | Varies | 5% |
| Advertising Fee | Varies | - |
| Year Founded | 1989 | 1981 |
| Year Franchised | 1996 | 1982 |
| Term Of Agreement | 5 years | 10 years |
| Term Of Agreement | 5 years | 10 years |
| Renewal Fee | - | - |
Business Experience Requirements |
||
| Experience | ||
Financing Options |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | Yes/No |
| Start-up Costs | No/No | No/No |
| Equipment | No/No | No/No |
| Inventory | Yes/Yes | No/No |
| Receivables | No/No | No/No |
| Payroll | No/No | No/No |
Training & Support |
||
| Training | 1 week initial training | On-The-Job Training: 57-73 hours Classroom Training: 23 hours Follow-up training available at franchisee's location |
| Support | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Online Support Field Operations Franchisee Intranet Platform |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | Ad Templates Social media SEO Website development |
| 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. 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)
|
Expansion Plans |
||
| US Expansion | Yes | Yes |
| Canada Expansion | No | Yes |
| International Expansion | No | No |
Company Overviews
About HomeVestors of America
!["HomeVestors]("https://assets.entrepreneur.com/content/1x1/300/homevestors-1x1.jpg")
The total investment necessary to begin operation of an Associate Franchise HomeVestors Business is $70,000 to $363,250. This includes $32,000 that must be paid to the franchisor or affiliate.
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.
We Get It.
You Want a Business.
Not a New Boss.
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
![""]("https://www.my30minutehit.com/imgs/fbr_top_50_2018_half.png")
!["Entrepreneur]("https://d3fg11dgb68kbp.cloudfront.net/assets/photos/franchise-badge-22686037fc120ba1bd59c2c9fd6e0fbf.png"){kind=icon}
About Surface Specialists
Wayne McClosky established Surface Specialists in 1981, building up the establishment model in Colorado Springs, Colorado. To start with the family-claimed organization offered just insignificant repair administrations for plastic cover ledges and fiberglass and porcelain shower surfaces, however it soon extended to incorporate resurfacing administrations for marble sinks and vanity tops. It started diversifying in 1982 and is presently situated in Matthews, North Carolina.
Our establishments have been pioneers in the bath and kitchen repair industry for more than 30 years and speak to more than 80 bath makers the nation over for their guarantee repairs. What began as a business to repair blazes in ledges has extended throughout the years to end up distinctly one of the countries biggest establishments offering bath and kitchen repair and revamping. Surface Specialists establishments additionally offer a bigger number of choices and value focuses to clients than whatever other single reclamation establishment.