HomeVestors of America vs California Closet Company Franchise Comparison

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

Start-Up Costs and Fees
 
HomeVestors of America Franchise
California Closet Company Franchise
Investment $70,000 - $426,250$127,500 - $377,000
Franchise Fee $32,000 - $70,000$40,000
Royalty Fee Varies6%
Advertising Fee Varies-
Year Founded 19891978
Year Franchised 19961982
Term Of Agreement 5 years10 years
Term Of Agreement 5 years10 years
Renewal Fee -50% of franchise fee


Business Experience Requirements
 
HomeVestors of America Franchise
California Closet Company Franchise
Experience
  • General business experience

  • Industry experience
  • General business experience
  • Marketing skills
    		•

    Financing Options
     
    HomeVestors of America Franchise
    California Closet Company Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/NoNo/No
    Start-up Costs No/NoNo/No
    Equipment No/NoNo/No
    Inventory Yes/YesNo/No
    Receivables No/NoNo/No
    Payroll No/NoNo/No

    Training & Support
     
    HomeVestors of America Franchise
    California Closet Company Franchise
    Training 1 week initial training On-site operational instruction Training for designer, installation, and production staff Proprietary technology for sales, design, and operational systems management
    Support Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each marketMedia planning Local and national advertising collateral Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations
    Marketing Co-op advertising, Ad slicks, Regional advertisingCo-op advertising, National media, 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)

    Number of employees needed to run franchised unit: 8 - 10

    Absentee ownership of franchise is NOT allowed.

    Expansion Plans
     
    HomeVestors of America Franchise
    California Closet Company Franchise
    US Expansion Yes-
    Canada Expansion NoNo
    International Expansion NoYes

    Company Overviews

    About HomeVestors of America

    "HomeVestors
    HomeVestors Franchise offers real estate entrepreneurs and investors with an opportunity to create their own successful real estate company buying and selling homes. Since our initial franchise offering in 1996, HomeVestors has grown to currently have over 200 independently owned and operated franchisees throughout the United States, and has received numerous awards and recognitions from top franchise business publications.

     HomeVestors of America, commonly known as We Buy Ugly Houses, is the number one home buyer in America. Since HomeVestors began its franchise in 1996, We Buy Ugly Houses / HomeVestors franchise owners have purchased over 45,000 houses throughout the US. HomeVestors franchise owners pay cash for ugly homes that often have their owners in difficult situations. Our franchisees renovate houses and then sell or lease them. This improves neighborhoods in the process and offers great opportunities for first time buyers, renters, and real estate investors.

    The total investment necessary to begin operation of a Full Franchise HomeVestors Business is $108,000 to $426,250. This includes $70,000 that must be paid to the franchisor or affiliate.
    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.

    HomeVestors Franchise Model
    HomeVestors offers a low cost franchise opportunity for investors interested in building a real estate business. Our unique model includes proprietary software that our franchisees use to assess homes for purchase and renovation. It also includes mass advertising billboard campaigns that achieve quick market awareness and direct selling programs that help franchisees identify and locate buyers and investors interested in specific neighborhoods. With ongoing support from HomeVestors and our development agent mentors, franchisees build wealth by purchasing houses at discount prices.

    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
    ""        "Entrepreneur

    In Franchise Business Reviews Top 200.
    #19 in Franchise 500 for 2020.
    #36 in Franchise 500 for 2021.











    About California Closet Company

    Customized storage has grown from a small business into a major industry. Leading the field is California Closets, the franchise company that pioneered custom storage solutions in 1978. California Closets is the most well-known brand in the industry.
    The Industry Pioneer and Brand Leader
     Join the Company that pioneered the custom storage solutions industry. For over 40 years, California Closets has delighted its customers - by listening to their needs and creating individually designed solutions that work specifically for their lifestyles and home. Today, California Closets is the largest custom storage franchised system in the world, with over 100 franchises worldwide; it is the most recognized brand in its category. A California Closets franchise offers expert services in creating innovative home design solutions; ranging from its signature custom designed closets, home offices, entertainment rooms, utility rooms, garages and much more. We see home as more than a place. We see it as comfort and refuge, space for connection and celebration. Everything we do is designed to enhance home and help you enjoy the time you spend there. 30 years ago, we innovated a new industry - custom designed and installed storage. Today we're proud to be recognized as the leaders in the industry we first created all those years ago. Along the way we've continued to innovate, always striving to provide customers with stylish, smart and sustainable solutions for every home.