Start-Up Costs and Fees |
||
| Ace DuraFlo Systems | HomeVestors of America | |
| Investment | 46200 - 410100 | 70000 - 426250 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 6-8% | Varies |
| Advertising Fee | Varies | |
| Year Founded | 1997 | 1989 |
| Year Franchised | 2001 | 1996 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Ace DuraFlo Systems | HomeVestors of America | |
| Experience | Industry experience General business experience Marketing skills | General business experience |
Financing Options |
||
| Ace DuraFlo Systems | HomeVestors of America | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | Yes |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Ace DuraFlo Systems | HomeVestors of America | |
| Training | 1 week initial training | |
| Support | Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | Co-op advertising, Ad slicks, Regional advertising |
| Operations | 25% of all franchisees own more than one unit Number of employees needed to run franchised unit: 5 Absentee ownership of franchise is allowed. (50% of current franchisees are owner/operators) | 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 |
||
| Ace DuraFlo Systems | HomeVestors of America | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Ace DuraFlo Systems | |
| HomeVestors of America | |
| Franchise Fee | |
| Ace DuraFlo Systems | |
| HomeVestors of America | |
| Royalty Fee | |
| Ace DuraFlo Systems | 6-8% |
| HomeVestors of America | Varies |
| Advertising Fee | |
| Ace DuraFlo Systems | |
| HomeVestors of America | Varies |
| Year Founded | |
| Ace DuraFlo Systems | 1997 |
| HomeVestors of America | 1989 |
| Year Franchised | |
| Ace DuraFlo Systems | 2001 |
| HomeVestors of America | 1996 |
| Term Of Agreement | |
| Ace DuraFlo Systems | 10 years |
| HomeVestors of America | 5 years |
| Renewal Fee | |
| Ace DuraFlo Systems | $1K |
| HomeVestors of America | |
Business Experience Requirements |
|
| Experience | |
| Ace DuraFlo Systems | Industry experience General business experience Marketing skills |
| HomeVestors of America | General business experience |
Financing Options |
|
| Franchise Fees | |
| Ace DuraFlo Systems | No |
| HomeVestors of America | No |
| Start-up Costs | |
| Ace DuraFlo Systems | |
| HomeVestors of America | |
| Equipment | |
| Ace DuraFlo Systems} | |
| HomeVestors of America | |
| Inventory | |
| Ace DuraFlo Systems | |
| HomeVestors of America | |
| Receivables | |
| Ace DuraFlo Systems | |
| HomeVestors of America | |
| Payroll | |
| Ace DuraFlo Systems | |
| HomeVestors of America | |
Training & Support |
|
| Training | |
| Ace DuraFlo Systems | |
| HomeVestors of America | 1 week initial training |
| Support | |
| Ace DuraFlo Systems | Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations |
| HomeVestors of America | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market |
| Marketing | |
| Ace DuraFlo Systems | Co-op advertising, Ad slicks, National media, Regional advertising |
| HomeVestors of America | Co-op advertising, Ad slicks, Regional advertising |
| Operations | |
| Ace DuraFlo Systems | 25% of all franchisees own more than one unit Number of employees needed to run franchised unit: 5 Absentee ownership of franchise is allowed. (50% of current franchisees are owner/operators) |
| HomeVestors of America | 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 | |
| Ace DuraFlo Systems | |
| HomeVestors of America | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | |
| Ace DuraFlo Systems | |
| HomeVestors of America | |
| International Expansion | |
| Ace DuraFlo Systems | |
| HomeVestors of America | |