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Below is an in-depth analysis and side-by-side comparison of American Leak Detection vs Home Owners Club of America including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $76,755 - $259,550 | $85,000 - $110,000 |
Franchise Fee | $29,500 - $120,000 | $50,000 |
Royalty Fee | 6-10% | - |
Advertising Fee | - | - |
Year Founded | 1974 | 1993 |
Year Franchised | 1984 | 1999 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/Yes | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | On-The-Job Training: 40 hours Classroom Training: 40 hours Additional Training: Annual convention | - |
Support | Newsletter Meetings/Conventions Toll-Free Line Online Support Field Operations Proprietary Software Franchisee Intranet Platform | * Computer Software Package, custom designed for the operation of HOCOA * Specified Territory * Marketing Plan * Computer Training Manual * Operations Manual * Artwork and use of Recognized Logo * Support Services * Training Seminar * Annual Franchise Seminar * Webpage and link to the Corporate Site |
Marketing | Co-op Advertising National Media Regional Advertising SEO Website development | - |
Operations |
Franchise can be run from home. International franchisees required to buy multiple units/master licenses; 7% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 - 3
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)
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Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | Yes | - |
International Expansion | Yes | - |
Homes Owners Clubs of America opens a "door of a different color, size, and style." and offers an unusually distinctive meaning to the phrase "making a living!" Do you want the financial security of a generous income minus the corporate backdrop and employee headaches? Are you looking for more flexibility in your work schedule or income upon retirement? Do you enjoy helping others? If you answered positively to these question, then a HOCOA franchise could be an attractive opportunity for you.
What AAA does for automobiles, we do for homes. We match the customer's requested service with our best certified contractor. Our Home Repair Network franchise opportunity has contractors with outstanding references, insurance, and any required licenses. Our approved contractors join the network by invitation only. They cannot pay to join us. After making a request for service, customers receive a service call from a contractor within an hour. We follow up to verify that the work was completed to the customer's satisfaction.
Contact us today to get plugged into this exciting new marketing concept.