Start-Up Costs and Fees |
||
| Steam Brothers | HomeVestors of America | |
| Investment | 22000 - 53500 | 70000 - 426250 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 5-6.5% | Varies |
| Advertising Fee | Varies | |
| Year Founded | 1977 | 1989 |
| Year Franchised | 1984 | 1996 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Steam Brothers | HomeVestors of America | |
| Experience | General business experience | |
Financing Options |
||
| Steam Brothers | 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 |
||
| Steam Brothers | 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 | Ad slicks | Co-op advertising, Ad slicks, Regional advertising |
| Operations | Franchise can be run from home. 2% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 - 3 Absentee ownership of franchise is NOT allowed. (100% 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 |
||
| Steam Brothers | HomeVestors of America | |
| US Expansion | Mid West, | 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 | |
| Steam Brothers | |
| HomeVestors of America | |
| Franchise Fee | |
| Steam Brothers | |
| HomeVestors of America | |
| Royalty Fee | |
| Steam Brothers | 5-6.5% |
| HomeVestors of America | Varies |
| Advertising Fee | |
| Steam Brothers | |
| HomeVestors of America | Varies |
| Year Founded | |
| Steam Brothers | 1977 |
| HomeVestors of America | 1989 |
| Year Franchised | |
| Steam Brothers | 1984 |
| HomeVestors of America | 1996 |
| Term Of Agreement | |
| Steam Brothers | 10 years |
| HomeVestors of America | 5 years |
| Renewal Fee | |
| Steam Brothers | $1K |
| HomeVestors of America | |
Business Experience Requirements |
|
| Experience | |
| Steam Brothers | |
| HomeVestors of America | General business experience |
Financing Options |
|
| Franchise Fees | |
| Steam Brothers | No |
| HomeVestors of America | No |
| Start-up Costs | |
| Steam Brothers | |
| HomeVestors of America | |
| Equipment | |
| Steam Brothers} | |
| HomeVestors of America | |
| Inventory | |
| Steam Brothers | |
| HomeVestors of America | |
| Receivables | |
| Steam Brothers | |
| HomeVestors of America | |
| Payroll | |
| Steam Brothers | |
| HomeVestors of America | |
Training & Support |
|
| Training | |
| Steam Brothers | |
| HomeVestors of America | 1 week initial training |
| Support | |
| Steam Brothers | 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 | |
| Steam Brothers | Ad slicks |
| HomeVestors of America | Co-op advertising, Ad slicks, Regional advertising |
| Operations | |
| Steam Brothers | Franchise can be run from home. 2% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 - 3 Absentee ownership of franchise is NOT allowed. (100% 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 | |
| Steam Brothers | Mid West, |
| 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 | |
| Steam Brothers | |
| HomeVestors of America | |
| International Expansion | |
| Steam Brothers | |
| HomeVestors of America | |