HomeVestors of America vs Floods4Less Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of HomeVestors of America vs Floods4Less including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
Investment |
$70,000 - $426,250 | $155,111 - $238,210 |
Franchise Fee |
$32,000 - $70,000 | $28,500 |
Royalty Fee |
Varies | 8.5% |
Advertising Fee |
Varies | $200.00 per week or 3.5% |
Year Founded |
1989 | - |
Year Franchised |
1996 | - |
Term Of Agreement |
5 years | - |
Term Of Agreement |
5 years | - |
Renewal Fee |
- | - |
Business Experience Requirements |
Experience |
General business experience | *A strong work ethic and desire to succeed
*Excellent customer service skills
*Sales experience
*Financial requirements to launch and sustain the business
*Hold, or be able to obtain, the necessary contractor's license |
Financing Options |
|
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 |
Training |
1 week initial training
| We will provide the training you need to be successful in every aspect of running your Floods4Less business. |
Support |
Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market | Once you are operational, you can rely on on-site and remote support, plus ongoing developments in new products, services and trends. |
Marketing |
Co-op advertising, Ad slicks, Regional advertising | We will provide cost effective and targeted materials you need to get the Floods4Less name and brand in front of insurance companies, homeowners and other potential clients. Our name and reputation are yours to leverage as you endeavor to be included on the preferred vendor lists used by local insurance professionals and individual policy holders. |
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 |
US Expansion |
Yes | - |
Canada Expansion |
No | - |
International Expansion |
No | - |
Company Overviews
About HomeVestors of America
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
In Franchise Business Reviews Top 200.
#19 in Franchise 500 for 2020.
#36 in Franchise 500 for 2021.
About Floods4Less
An extraordinary business opportunity
As a Floods4Less franchise owner, you will have the opportunity to participate in the multi-billion dollar disaster restoration industry. It is an industry that has proven to be recession-resistant with substantial upside potential for future growth.
Your all-inclusive franchise package will include:
*Comprehensive training.
*Personalized support.
*Exclusive business operating system technology:
*Our proprietary Floods4Less Hub Management System is a centralized online web-tool that records all leads and stores information on all phases of projects. Homeowners, insurance adjusters, property managers and facility managers may access it to expedite service, check on job status and more. It ensures the best possible service and facilitates your open communication with clients. Franchisees also have access to exclusive Floods4Less Hub Management System programs to help simplify marketing and prospecting activities.
*Increase your cash flow and watch your Floods4Less business grow through our intuitive Hub Management System.
*Stay in control of your financial information with the Hub Management System Accounting Package.
*Attract new clients and retain the ones you already serve with the Hub Management System Marketing and Communication services. Our marketing programs are integrated with our Hub Management System software for easy prospect tracking, increased conversion ratios, and higher marketing success rates.
*A proprietary operations manual: You will have access to this valuable operating tool, detailing established standards and procedures, with periodic updates, that help guide your efficient daily business operations, both when you launch your business and for the term of your franchise.
*A state-of-the-art call center: Our professionally-trained staff fields calls through a central toll-free number, gathers the sales lead information, and then appropriately routes calls to local franchisees.
*Assistance with site selection: We will provide guidelines for finding an appropriate warehouse and office, typically 2,000 square feet of space. We will work with your local real estate broker to negotiate the most advantages lease terms on your behalf.
*Vehicle guidelines: You will have our specifications for a branded van to accommodate the water extraction system, equipment and personnel.
*Marketing assistance.
Our name and reputation are yours to leverage as you endeavor to be included on the preferred vendor lists used by local insurance professionals and individual policy holders.
*Purchasing discounts: You will benefit from relationships to get unmatched prices on the best possible products and equipment for water extraction, drying and deodorizing, as well as rebuilding and restoring.
*Life, disability and health insurance for Franchisees: We will assist you to obtain the life, dental, disability and health insurance benefits you require.
*Performance and surety bonds: We will assist Franchisees to obtain the surety bonds needed to secure lucrative insurance and government contracts. This would include assistance to obtain a bond to satisfy your licensing requirements for the Contractors State License Board in your state.