If you’re considering starting your own business, you’re probably wondering how much it will cost. You may have heard of Homestvestors and are interested in learning more about the franchise opportunity.
This blog post will provide an overview of what it costs to start a Homestvestors franchise and what you can expect from the investment.
We’ll also share some tips for how to reduce the initial investment amount. So, whether you’re just getting started or are already researching franchises, this post is for you!
HomeVestors of America, Inc., based in Dallas, is a privately held corporation specializing in purchasing older single-family homes that need repair.
After that, the corporation renovates and sells them. The company has used a “seed idea,” starting with a good franchisee and then supporting them with local marketing and promotion to expand into new markets.
HomeVestors Business History
Ken D’Angelo started HomeVestors after 20 years as a real estate agent in Houston and Dallas for Red Carpet Realtors and ERA Realtors.
He saw an infomercial one night in 1989 pitching a two-hour DVD that would educate consumers all they needed to know about home buying.
It gave the 40-year-old the push he needed to break out independently. He opened up the company as a one-person operation in East Dallas and began buying houses at below-market rates.
D’Angelo steadily expanded HomeVestors over the next few years. He was purchasing and selling more than 150 residences each year by 1995.
He then sought to franchise his concept, and in March 1995, he hired Dain Zinn to assist him in this endeavor.
They collaborated to create a franchising model that would set HomeVestors apart from the competition and help them market the concept to potential franchisees.
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HomeVestors Franchise Model
|Initial Investments||$53,000 – $421,250|
|Liquid Cash Requirement:||$53,000 – $421,250|
|Initial Franchise-Fee||$27,000 – $65,000|
Why Should You Choose HomeVestors Franchise?
Investors looking to develop wealth can take advantage of HomeVestors’ low-cost franchising opportunities.
A software system that franchisees use to analyze single-family homes for buy and repair; a direct-selling program that assists franchisees in identifying purchasers or investors who already have a stake in the neighborhood are part of its unique business model.
HomeVestors franchisees produce good cash flow and equity with the company’s ongoing support.
They amass real estate portfolios and riches by purchasing investment-grade single-family homes at bargain prices, rehabilitating them, and selling or renting them out.
You Will Also Get The Following Benefits As A HomeVestors Franchisee:
- Financing for the purchase and restoration of dwellings that meet specific criteria.
- Next, Vacant property insurance through a third-party insurance vendor at group rates.
- HomeVestors website for information and a website managed by HomeVestors for HVA franchisees to assist them in selling properties
HomeVestors Franchise Training & Support
HomeVestors offers one of the most outstanding franchise support systems in the industry.
A new Associate Franchisee or Full Franchisee is assigned a Development Agent (DA) mentor after completing a week of fundamentals at HomeVestors’ initial training in Dallas.
- Learn to know the worth of a home and the required repairs.
- Learn to use the local ad councils to generate consistent leads.
- Calling scripts, setting and attending appointments, and negotiating the purchase are all available as role-play scripts.
|Initial Investment||$53,000 – $421,250||N/A|
|Franchise-Fee||$27,000 – $65,000||N/A|
|Annual Revenue||$1.6 Billion||$4.54 Billion|
Frequently Asked Question
What kind of marketing assistance and programs do they provide?
Thanks to effective marketing methods and a level of brand knowledge that solo investors lack, you’ll have a consistent stream of qualified leads for our franchisees.
What is the business model for a franchise?
The HomeVestors of America brand specializes in purchasing, repairing, and selling distressed properties as rapidly as possible.
Is HomeVestors a franchise?
Yes, HomeVestors is a franchise organization.
How much does a HomeVestors franchise cost?
The initial investment required to open a HomeVestors
franchise is $53,000 – $421,250, and the franchise fee required is $27,000 – $65,000.
Amit Gupta is the founder of DrFranchises – a digital marketing agency that helps brands rank better on Google Maps through local SEO strategies. Amit has over 11 years of experience in digital marketing, SEO, email marketing, and social media marketing. He’s also the owner of multiple franchises and has helped countless brands achieve success online. When he’s not working, Amit can be found playing with his dog.