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Updated RecentlyHomeVestors of America vs Precision Door Service Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of HomeVestors of America vs Precision Door Service including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $70,000 - $426,250 | $71,255 - $314,955 |
| Franchise Fee | $32,000 - $70,000 | $10,000 - $100,000 |
| Royalty Fee | Varies | $500/wk. to 6K/wk. |
| Advertising Fee | Varies | 3% |
| Year Founded | 1989 | 1997 |
| Year Franchised | 1996 | 1999 |
| Term Of Agreement | 5 years | 10 years |
| Term Of Agreement | 5 years | 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/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 |
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| Training | 1 week initial training | On-The-Job Training: 80 hours Classroom Training: 40 hours |
| Support | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market | Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | 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) | Number of Employees Required to Run: 3 - 6 |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | No | No |
| International Expansion | No | No |
Company Overviews
About HomeVestors of America
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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.
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
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In Franchise Business Reviews Top 200.
#19 in Franchise 500 for 2020.
#36 in Franchise 500 for 2021.
About Precision Door Service
Precision Door Service has been providing quality garage door repair service to homeowners and businesses across America since 1997. Since then, we have become a national leader in the garage door industry with over 70 locations nationwide. Our teams of professional and certified technicians now service, repair and install all types of garage doors and garage door openers. Our top priorities are safety and 100% customer satisfaction!
The Precision Door Service system flourishes best through hands-on involvement by its franchise owners. Our franchise owners consist of men and women who come from many walks of life. Most of our successful franchise owners had no previous garage door experience. Through the extensive support and training provided, they are now leaders in the garage door industry.
The Precision Door Service corporate headquarters and training center is located in Titusville, Florida. It's there that you and your team members will learn the intricacies of garage door operating systems and how to sell your services to customers.
BENEFITS
* Support & Training
* Nationwide Branding
* Pooled Advertising
* Group Purchasing
* Marketing Support
* Advertising Material
* Advisory Council
* Exclusive Territories
* Fixed Royalties
* Financing Available
* Multiple Training Facilities
* Certified Technician Training
* Office Management Training
* Yellow Pages Assistance
* Award Winning Graphics Dept.
* Regional Meetings/Conventions
* 24 Hr. Customer Service Center
* National Vendors & Suppliers
* Nationally Optimized Website
* Fully Integrated Intranet System
* Fleet Purchasing Programs
* Home Show Assistance
* Phone Systems Support
* CallCap - Call Tracking