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Updated RecentlyHomeVestors 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 |
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| Investment | $70,000 - $426,250 | $48,900 - $75,900 |
| Franchise Fee | $32,000 - $70,000 | $25,000 |
| Royalty Fee | Varies | 7% |
| Advertising Fee | Varies | 2% |
| Year Founded | 1989 | 2008 |
| Year Franchised | 1996 | 2015 |
| Term Of Agreement | 5 years | - |
| Term Of Agreement | 5 years | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| 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 |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | No/No |
| Start-up Costs | No/No | No/Yes |
| Equipment | No/No | No/Yes |
| Inventory | Yes/Yes | No/Yes |
| Receivables | No/No | No/Yes |
| Payroll | No/No | No/Yes |
Training & Support |
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| 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 |
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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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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.
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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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
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