HomeVestors
We buy and sell residential and commercial properties, with a focus on homes and rental properties that are generally in need of repair. We work with property owners who want to sell quickly, and we may purchase the property outright or acquire the right to buy it. After acquisition, we may resell the property as-is or complete repairs and renovations to improve its market value before reselling or leasing it. Our business operates locally and is centered on finding, evaluating, and improving properties that need work. We also provide related services to property buyers as part of our real estate business.
Your franchise match score
Real Estate
Brand highlights
- CEOLarry Goodman
- Headquarters6500 Greenville Avenue, Dallas, TX, 75206
- Year founded1996
- Year started franchising1996
- IndustryReal Estate
- Locations open1092 (-56 last three years)
Statistics & metrics
- Investment range$155,000 - $461,250
- Franchise fee$85,000
- RoyaltyGreater of (i) two percent (2%) of the Sales Price for each Sale Transaction, Hold Transaction, Assignment Transaction and Delayed Sale Transaction, but not to exceed 10% of the assignment, referral or broker fee you receive with respect to an Assignment Transaction, or (ii) Five Hundred Dollars ($500), but less, with respect to any Delayed Sales Transaction, the Associate Royalty Fee paid on the Hold Transaction for the same property. In addition, one percent (1%) of the after repaired value of each property in your inventory on the date of upgrade to a Full Franchise.
- Brand fundCurrently $300 for each Sale Transaction, Assignment Transaction and Hold Transaction, maximum of $1,000 for each Sale Transaction, Assignment Transaction and Hold Transaction.
- Required Liquid CapitalN/A
- Required Net WorthN/A
Learn more about the Real Estate industry:
Real estate franchises include brokerage firms, property management, and inspection services. This industry is ideal for those with a strong network and an interest in the property market.
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FDD insights
The information shown below is derived from publicly available franchise disclosure documents (FDDs), including the version issued as of the issuance date listed below, and other third-party sources. This information may not reflect the most current FDD. It is provided for general informational purposes only and is not part of any franchise offering or sales process. Franchise Sidekick is not providing or furnishing an FDD in accordance with FTC requirements. You should obtain and review the most current official FDD directly from the franchisor before making any investment decision.
FDD Version Referenced - Issuance Date: 2024-04-08
| Category | Detail | View |
|---|---|---|
| The Franchisor & Executives | Learn about HomeVestors, its parent company, and the executive leadership team responsible for operating and supporting the franchise system. | |
| Business Experience | Review the professional backgrounds and relevant business experience of HomeVestors's executives, directors, and key management personnel. | |
| Litigation | Understand any past or pending legal actions involving HomeVestors, its affiliates, or key personnel that may be relevant to prospective franchisees. | |
| Estimated Initial Investment | Review the estimated total initial investment required to open a HomeVestors franchise, including startup costs and working capital estimates. | |
| Financial Performance Representations | Review any financial performance information HomeVestors provides, including revenue or earnings data, if disclosed. |
Location data
| Total locations | 1092 |
| Franchise locations | 1082 |
| Corporate locations | 10 |
System growth over time
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