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Updated RecentlyHomeVestors of America vs Allkare Restoration Services Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of HomeVestors of America vs Allkare Restoration Services 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 | $46,500 - And Up |
| Franchise Fee | $32,000 - $70,000 | $17,500 |
| Royalty Fee | Varies | 8% |
| Advertising Fee | Varies | 3% |
| Year Founded | 1989 | - |
| Year Franchised | 1996 | - |
| Term Of Agreement | 5 years | - |
| Term Of Agreement | 5 years | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | Ideally you need: energy; ability to get on with different types of people; desire to run your own business; happy to put in the hours; interest in the services we provide. Most of our franchisees are either people coming from management looking for an opportunity or have a background in building and want to develop a business. | |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | -/- |
| Start-up Costs | No/No | -/- |
| Equipment | No/No | -/- |
| Inventory | Yes/Yes | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| Training | 1 week initial training | - |
| Support | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market | Ongoing support is available from a dedicated team at our head office who can be contacted by telephone or email during normal office hours. |
| 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) | From experience, for your franchise to be a success you will need to commit all of your time to the business and any distraction from this could damage your prospects. We would not allow another competing business to be run along side the Allkare brand. |
Expansion Plans |
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| US Expansion | Yes | - |
| Canada Expansion | No | - |
| International Expansion | 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 Allkare Restoration Services
The Allkare Property Repair Franchise is designed to be a business in a box so we supply you with everything you need. This is what the basic package includes: *Full training at head office in all systems *Internet Marketing and SEO. You will get a number of web pages created for you, focussed on your franchise areas. These pages will help generate new business targeted to your local area. Your entire first year's Internet marketing is covered by us. *A fully-automated email marketing system that regularly keeps your name and the Allkare brand in front of the customer. As this list grows your business grows.... Automatically 24/7 *A dedicated Sales Manager. You will have someone at head office working on your behalf whose job is to build relationships between you and local Loss Adjusters, Insurance Brokers and Property Management companies. *Business from existing clients. Any work in your area that comes through our call centre comes to you. Plus any national work which you can handle in your area.. *Personal introductions to key local and national clients. Usually insurers and loss adjusters so they know who to come to. This is extremely valuable. *One fully liveried vehicle fully fitted out. *Limited company set up for you with accountancy package and a number of search engine optimised web pages. Plus one year of search engine marketing support (worth �10,000). *Uniforms. *Specialist software for managing insurance claims work. *Business stationery. *Manuals for all operations, healthy and safety and staff recruitment.