Start-Up Costs and Fees |
||
| Home Owners Club of America | HomeVestors of America | |
| Investment | 85000 - 110000 | 70000 - 426250 |
| Franchise Fee | 0 | |
| Royalty Fee | Varies | |
| Advertising Fee | Varies | |
| Year Founded | 1993 | 1989 |
| Year Franchised | 1999 | 1996 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Home Owners Club of America | HomeVestors of America | |
| Experience | General business experience | |
Financing Options |
||
| Home Owners Club of America | HomeVestors of America | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | Yes | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Home Owners Club of America | HomeVestors of America | |
| Training | 1 week initial training | |
| Support | * Computer Software Package, custom designed for the operation of HOCOA * Specified Territory * Marketing Plan * Computer Training Manual * Operations Manual * Artwork and use of Recognized Logo * Support Services * Training Seminar * Annual Franchise Seminar * Webpage and link to the Corporate Site | 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 |
||
| Home Owners Club of America | 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 | |
| Home Owners Club of America | |
| HomeVestors of America | |
| Franchise Fee | |
| Home Owners Club of America | |
| HomeVestors of America | |
| Royalty Fee | |
| Home Owners Club of America | |
| HomeVestors of America | Varies |
| Advertising Fee | |
| Home Owners Club of America | |
| HomeVestors of America | Varies |
| Year Founded | |
| Home Owners Club of America | 1993 |
| HomeVestors of America | 1989 |
| Year Franchised | |
| Home Owners Club of America | 1999 |
| HomeVestors of America | 1996 |
| Term Of Agreement | |
| Home Owners Club of America | |
| HomeVestors of America | 5 years |
| Renewal Fee | |
| Home Owners Club of America | |
| HomeVestors of America | |
Business Experience Requirements |
|
| Experience | |
| Home Owners Club of America | |
| HomeVestors of America | General business experience |
Financing Options |
|
| Franchise Fees | |
| Home Owners Club of America | |
| HomeVestors of America | |
| Start-up Costs | |
| Home Owners Club of America | |
| HomeVestors of America | |
| Equipment | |
| Home Owners Club of America} | |
| HomeVestors of America | |
| Inventory | |
| Home Owners Club of America | |
| HomeVestors of America | |
| Receivables | |
| Home Owners Club of America | |
| HomeVestors of America | |
| Payroll | |
| Home Owners Club of America | |
| HomeVestors of America | |
Training & Support |
|
| Training | |
| Home Owners Club of America | |
| HomeVestors of America | 1 week initial training |
| Support | |
| Home Owners Club of America | * Computer Software Package, custom designed for the operation of HOCOA * Specified Territory * Marketing Plan * Computer Training Manual * Operations Manual * Artwork and use of Recognized Logo * Support Services * Training Seminar * Annual Franchise Seminar * Webpage and link to the Corporate Site |
| HomeVestors of America | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market |
| Marketing | |
| Home Owners Club of America | |
| HomeVestors of America | Co-op advertising, Ad slicks, Regional advertising |
| Operations | |
| Home Owners Club of America | |
| 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 | |
| Home Owners Club of America | |
| 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 | |
| Home Owners Club of America | |
| HomeVestors of America | |
| International Expansion | |
| Home Owners Club of America | |
| HomeVestors of America | |