HomeVestors of America vs The Patch Boys Franchise Comparison

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

Start-Up Costs and Fees

 
HomeVestors of America Franchise
The Patch Boys Franchise
Investment $70,000 - $426,250$48,900 - $75,900
Franchise Fee $32,000 - $70,000$25,000
Royalty Fee Varies7%
Advertising Fee Varies2%
Year Founded 19892008
Year Franchised 19962015
Term Of Agreement 5 years-
Term Of Agreement 5 years-
Renewal Fee --


Business Experience Requirements

 
HomeVestors of America Franchise
The Patch Boys Franchise
Experience
  • General business experience
  • *Strong Sales and Client Service Abilities *Good with Timing and Schedule Management *High Personal Standards *Able to Meet Initial Investment Requirements *Strong Sense of Integrity in Corporate and Client Relationships *A Willingness and Commitment to Excellent Service Targeted experiences for potential franchise owners include: *Franchise Operations or Retail Service Industry Experience *Business Owner and/or Managerial Experience *Husband and Wife entrepreneurial team who want to start a business

    Financing Options

     
    HomeVestors of America Franchise
    The Patch Boys Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/NoNo/No
    Start-up Costs No/NoNo/Yes
    Equipment No/NoNo/Yes
    Inventory Yes/YesNo/Yes
    Receivables No/NoNo/Yes
    Payroll No/NoNo/Yes

    Training & Support

     
    HomeVestors of America Franchise
    The Patch Boys Franchise
    Training 1 week initial training We provide full training and support at our headquarters in NY ( takes 4-6 days)
    Support Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market-
    Marketing Co-op advertising, Ad slicks, 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)

    -

    Expansion Plans

     
    HomeVestors of America Franchise
    The Patch Boys Franchise
    US Expansion YesYes
    Canada Expansion NoNo
    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 The Patch Boys

    When you join the Patch Boys family, you will instantly become a part of an energetic and entrepreneurial community that works together to advance the brand, coupled with the most dynamic structure in the field. There are many opportunities to join a franchise chain, but none of them has a structure like The Patch Boys! You will join a family-oriented group of professionals with a proven record of success, bundled with a professional atmosphere of credibility. By joining The Patch Boys team, you rapidly position yourself in a unique niche market that is widely needed across the nation. The Patch Boys fills a gap that is not only sought by home owners, but multiple craftsman in the construction field are searching for exactly what we're doing.
    Plumbers, Electricians, HVAC professionals, roofers and many more professionals across the nation come onto a job, they fix the leak, they repair the ducts in the wall, they reposition the electrical wires AND THEY LEAVE! They don't have the time or the man power to fix the wall and ceiling holes they just made, and that's what we are all about.
    The Patch Boys is devoted to helping you achieve your dream of independence and is committed to make you a success! We adopted an environment of total professionalism, integrity, customer satisfaction and accountability thus allowing us to excel in our field by quickly becoming the absolute best choice for customers and franchise ownership alike. So, if you're looking to take the next step and have the ambition of achieving your goals and a dream of ownership, you cannot find a better team of people that have the same vision and will help you along the way one step at a time. Contact us today and find out the benefits and resources we have to offer. Don't push it off yet again! Join our winning team, secure your family's future and live life the way it was meant to be!
     Master Franchise Costs are variable per State. 

    Veteran Incentives  20% off franchise fee

    "franchiserankingscom"
    #21 on Franchise Rankings.com

    "Entrepreneur
    #476 in Franchise 500 for 2020.