HomeVestors of America vs Miracle Method Surface Restoration Franchise Comparison

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

Start-Up Costs and Fees

 
HomeVestors of America Franchise
Miracle Method Surface Restoration Franchise
Investment $70,000 - $426,250$84,500 - $180,000
Franchise Fee $32,000 - $70,000$45,000 - $58,000
Royalty Fee Varies5.5%
Advertising Fee Varies1.5%
Year Founded 19891977
Year Franchised 19961979
Term Of Agreement 5 years5 years
Term Of Agreement 5 years5 years
Renewal Fee -5%


Business Experience Requirements

 
HomeVestors of America Franchise
Miracle Method Surface Restoration Franchise
Experience
  • General business experience
  • Highly Motivated and Driven to Succeed. We are selective in who we choose as our franchisees. Our ideal candidates are motivated, able to follow processes & procedures, and can manage a business. Prefer some experience in Management, Sales, Marketing or Customer Service


    Financing Options

     
    HomeVestors of America Franchise
    Miracle Method Surface Restoration Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/NoYes/No
    Start-up Costs No/NoNo/Yes
    Equipment No/NoNo/Yes
    Inventory Yes/YesNo/Yes
    Receivables No/NoNo/No
    Payroll No/NoNo/No

    Training & Support

     
    HomeVestors of America Franchise
    Miracle Method Surface Restoration Franchise
    Training 1 week initial training We offer our franchisees an unmatched level of support and training. There is no other program like it in the surface refinishing industry. From our initial 20+ days of "immersion training" to our ongoing support, we help you profitably grow your business. On-The-Job Training: 80 hours Classroom Training: 40 hours
    Support Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each marketPurchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Proprietary Software Franchisee Intranet Platform
    Marketing Co-op advertising, Ad slicks, Regional advertisingYou will receive startup marketing collateral, including business cards, letterhead, brochures, door hangers, and sales brochures. A customized marketing plan will be developed for your territory and you will have access to Miracle Method's vast arsenal of radio and television commercials, direct mail programs, truck signage, home show materials, display ads, and more. The marketing team will be available to you for advice and direction to keep your advertising and marketing effective and persuasive. In addition, a customized subweb and unique url address will be created for you so customers can find your phone number, email you, request an estimate and read about your particular services. Co-op Advertising 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)

    Franchisees start with a showroom location in their territory and minimum of 2-3 employees. Absentee Ownership Allowed Number of Employees Required to Run: 1 - 6


    Expansion Plans

     
    HomeVestors of America Franchise
    Miracle Method Surface Restoration Franchise
    US Expansion YesYes
    Canada Expansion NoYes
    International Expansion NoNo

    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 Miracle Method Surface Restoration

    #1 in the Booming Surface Refinishing Industry - the largest footprint in North America!
    When buying any franchise, it's smart to join the leader in their respective industry. It's also smart to join an industry with surging customer demand. Miracle Method is in a unique position to offer both of these scenarios to you. No other surface refinisher can match our size, expertise or capabilities. Miracle Method's unique and affordable refinishing process makes ugly bathtubs, countertops, and tile beautiful again - without replacing. The residential AND commercial demand for our time-saving alternative to replacing old bathroom and kitchen fixtures is skyrocketing.
    Proven Demand & Revenue Diversity
    We continue to set sales records, including a 70% increase in sales in the last 8 years. Since 1979, over 1,000,000 homeowners and businesses have chosen
    Miracle Method for our money-saving alternative to the mess of replacing old bathtubs, countertops, and showers. And the mainstream awareness of our unique product has only just begun!
    We have a strong and diverse revenue model: 1) Residential Surface Refinishing: Repairing & refinishing bathtubs, showers, and countertops in homes.
    2) Commercial Surface Refinishing: Nearly 40% of our revenue comes from hospitals, universities, hotels, assisted living facilities, and other commercial accounts.
    3) Bathing Safety: A complete Bathing Safety offering to the elderly and caregivers alike.
    Proven Scalability and Potential
    There is no limit to the size or level of success a franchisee can grow their business. Within our franchise network, we have several locations exceeding $1 million in annual sales, and some surpassing $2 million - and they all started with our comparatively small investment of $85-$125K.
    If you have the drive and discipline to grow a business, then we want to talk to you. Take the next step - right now! 
    Veteran Incentives  10% off franchise fee
    ""     "Top     "Entrepreneur
    #37 in Gator's Top franchises.
    In Franchise Business Reviews Top 200.
    #163 in Franchise 500 for 2020.
    #209 in Franchise 500 for 2021.