Start-Up Costs and Fees |
||
| Jet-Black | HomeVestors of America | |
| Investment | 71600 - 125340 | 70000 - 426250 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 1%-8% | Varies |
| Advertising Fee | Varies | |
| Year Founded | 1988 | 1989 |
| Year Franchised | 1993 | 1996 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Jet-Black | HomeVestors of America | |
| Experience | General business experience Interpersonal skills; management experience preferred | General business experience |
Financing Options |
||
| Jet-Black | 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 |
||
| Jet-Black | HomeVestors of America | |
| Training | On-The-Job Training: 24+ hours Classroom Training: 16+ hours Additional Training: At advanced training seminars | 1 week initial training |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market |
| Marketing | Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | Co-op advertising, Ad slicks, Regional advertising |
| Operations | Franchise can be run from home. 30% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 - 5 Absentee ownership of franchise is allowed. (99% 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 |
||
| Jet-Black | 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 | 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 | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory | |
| International Expansion | Canada, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Jet-Black | |
| HomeVestors of America | |
| Franchise Fee | |
| Jet-Black | |
| HomeVestors of America | |
| Royalty Fee | |
| Jet-Black | 1%-8% |
| HomeVestors of America | Varies |
| Advertising Fee | |
| Jet-Black | |
| HomeVestors of America | Varies |
| Year Founded | |
| Jet-Black | 1988 |
| HomeVestors of America | 1989 |
| Year Franchised | |
| Jet-Black | 1993 |
| HomeVestors of America | 1996 |
| Term Of Agreement | |
| Jet-Black | 15 years |
| HomeVestors of America | 5 years |
| Renewal Fee | |
| Jet-Black | |
| HomeVestors of America | |
Business Experience Requirements |
|
| Experience | |
| Jet-Black | General business experience Interpersonal skills; management experience preferred |
| HomeVestors of America | General business experience |
Financing Options |
|
| Franchise Fees | |
| Jet-Black | No |
| HomeVestors of America | No |
| Start-up Costs | |
| Jet-Black | |
| HomeVestors of America | |
| Equipment | |
| Jet-Black} | |
| HomeVestors of America | |
| Inventory | |
| Jet-Black | |
| HomeVestors of America | |
| Receivables | |
| Jet-Black | |
| HomeVestors of America | |
| Payroll | |
| Jet-Black | |
| HomeVestors of America | |
Training & Support |
|
| Training | |
| Jet-Black | On-The-Job Training: 24+ hours Classroom Training: 16+ hours Additional Training: At advanced training seminars |
| HomeVestors of America | 1 week initial training |
| Support | |
| Jet-Black | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform |
| HomeVestors of America | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market |
| Marketing | |
| Jet-Black | Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| HomeVestors of America | Co-op advertising, Ad slicks, Regional advertising |
| Operations | |
| Jet-Black | Franchise can be run from home. 30% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 - 5 Absentee ownership of franchise is allowed. (99% 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 | |
| Jet-Black | 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 |
| 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 | |
| Jet-Black | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory |
| HomeVestors of America | |
| International Expansion | |
| Jet-Black | Canada, |
| HomeVestors of America | |