Rank no. 444 – HomeVestors of America Inc. – US
HomeVestors of America Inc.
Products & Services: Home-buying, repair & selling system
Number of Locations: 344
Total Investment: $42.29K – 346.25K
Began Franchising: 1996
About HomeVestors of America Inc.
Ken D’Angelo founded HomeVestors of America and began franchising in 1996. Based in Dallas, the company buys houses in need of repairs or updates, then repairs and sells them for profit. Some home sellers will sell their houses at a wholesale price if they get a cash offer, can close quickly and can sell the house without any repair or updating expenses.
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S.
Startup Costs, Ongoing Fees and Financing
Total Investment: $42,300 – $346,250
Franchise Fee: $15,000 – $50,000
Ongoing Royalty Fee: Varies
Term of Franchise Agreement: 5 years, renewable
Net Worth: $42,300 – $346,250
Liquid Cash Available: $42,300 – $346,250
Franchise can be run from home. 8% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 1. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators).
Training: Available at headquarters: 5 days.
Ongoing Support: Newsletter, Meetings, Internet, Field operations/evaluations
Other marketing support: TV, radio, billboards, direct-mail
Franchise Ranking History
Franchise 500®: #444 (2013), #366 (2009),
Fastest-Growing: #33 (2013),
Low-Cost: #82 (2013),
About HomeVestors of America® / We Buy Ugly Houses®
We’ve been America’s number one cash home buyer since 1989. HomeVestors of America®, also known as We Buy Ugly HousesÂ®, has a dedicated company vision to transform the real estate industry so that everyone wins.
HomeVestors of America, Inc. was founded and began franchising in 1996. Since then, HomeVestors independently owned and operated franchisees, commonly known as the We Buy Ugly Houses people, have purchased over 50,000 homes nationwide.
All Cash Home Buyers
We Buy Ugly Houses franchisees are home buyers who purchase “ugly" homes. This includes homes that are difficult to sell for a number of reasons, and also homes that have their owners in ugly captive situations. We pay cash to purchase these homes from their owners, rehab them, and then sell or rent these homes to investors, buyers and tenants.
In doing so, we’re home buyers who help the owners get out of their ugly housing situation so they can finally move onto a new life, and we provide outstanding opportunities for renters and first time homebuyers while dramatically improving neighborhoods throughout the process.
HomeVestors of America has around 200 franchisees spanning across 33 states and growing. The HomeVestors business model includes systems and strict codes that ensure the responsible business practices and high ethical standards of our franchisees.
The HomeVestors / We Buy Ugly Houses franchise is a low cost opportunity for investors interested in building wealth through their own real estate investment business. Our unique franchise opportunity includes proprietary software that franchisees use to build their business by giving them the tools to accurately evaluate homes for purchase and estimate repairs. We also provide mass advertising campaigns and direct selling campaigns that help our franchisees identify investors and home buyers with a stake in area neighborhoods.
HomeVestors provides consistent support to our We Buy Ugly Houses franchisees so they continue to build their real estate portfolios while generating positive equity and cash flow by acquiring homes at discount prices, renovating them, and then either selling them to home buyers or renting them.
Company Awards and Honors
Five consecutive years on the “Franchise 500″ list put out by Entrepreneur Magazine
Four consecutive years on the “Fastest Growing Franchises" list put out by Entrepreneur Magazine
Four consecutive years on the fastest growing private companies “Dallas 100″ list put out by SMU Cox School of Business
HomeVestors of America / We Buy Ugly Houses are the only real estate franchise on these lists.
In addition, the Franchise Business Review included HomeVestors on their “Top 50 Franchises" list for the fifth year consecutively. This is a prestigious honor as it is only awarded to franchises with an exceptionally high level of satisfaction from franchisees.