Start-Up Costs and Fees |
||
| Reface It | HomeVestors of America | |
| Investment | 75000 - 140000 | 70000 - 426250 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | Varies | |
| Advertising Fee | Varies | |
| Year Founded | 0 | 1989 |
| Year Franchised | 0 | 1996 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Reface It | HomeVestors of America | |
| Experience | General business experience | |
Financing Options |
||
| Reface It | HomeVestors of America | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | Yes | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Reface It | HomeVestors of America | |
| Training | 1 week initial training | |
| Support | 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 |
||
| Reface It | 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 | |
| Reface It | |
| HomeVestors of America | |
| Franchise Fee | |
| Reface It | |
| HomeVestors of America | |
| Royalty Fee | |
| Reface It | |
| HomeVestors of America | Varies |
| Advertising Fee | |
| Reface It | |
| HomeVestors of America | Varies |
| Year Founded | |
| Reface It | 0 |
| HomeVestors of America | 1989 |
| Year Franchised | |
| Reface It | 0 |
| HomeVestors of America | 1996 |
| Term Of Agreement | |
| Reface It | |
| HomeVestors of America | 5 years |
| Renewal Fee | |
| Reface It | |
| HomeVestors of America | |
Business Experience Requirements |
|
| Experience | |
| Reface It | |
| HomeVestors of America | General business experience |
Financing Options |
|
| Franchise Fees | |
| Reface It | |
| HomeVestors of America | |
| Start-up Costs | |
| Reface It | |
| HomeVestors of America | |
| Equipment | |
| Reface It} | |
| HomeVestors of America | |
| Inventory | |
| Reface It | |
| HomeVestors of America | |
| Receivables | |
| Reface It | |
| HomeVestors of America | |
| Payroll | |
| Reface It | |
| HomeVestors of America | |
Training & Support |
|
| Training | |
| Reface It | |
| HomeVestors of America | 1 week initial training |
| Support | |
| Reface It | |
| HomeVestors of America | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market |
| Marketing | |
| Reface It | |
| HomeVestors of America | Co-op advertising, Ad slicks, Regional advertising |
| Operations | |
| Reface It | |
| 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 | |
| Reface It | |
| 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 | |
| Reface It | |
| HomeVestors of America | |
| International Expansion | |
| Reface It | |
| HomeVestors of America | |