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Home > Franchises > HomeVestors of America Inc.
HomeVestors of America Inc.
A franchise agreement takes place when the concerned parties involved are bound together through certain contractual provisions. This is an arrangement whereby someone with an idea for a business, the franchisor, sells to another person the franchisee the rights to use the business's name, sell a product, or provide a service to someone else. A franchise agreement will usually specify the given territory the franchisee retains exclusive control over the area protection, as well as the extent to which the franchisee will be supported by the franchisor.
Ken D’Angelo founded HomeVestors of America in 1989 and began franchising in 1996. Based in Dallas, the company buys undervalued houses, then sells them for profit. Some home sellers will take a substantial discount off their asking price if they get a cash offer, can close quickly and can sell the house without any repair expenses.
HomeVestors of America Incorporation Franchisor is a privately-held company with 50 employees and 8 employees in franchise department. They provide good service include Home buying, repair and selling system. There costs and fees include total investment is 200000 to 359000 dollars, franchise fee is 46000 dollars ongoing royalty fee is varies, term of agreement is 5 years, renewable. Because of good service they represent in some raking according to entrepreneur magazine 2002 to 2006. That includes Franchise 500 rank is 133 in 2006, 138 in 2005, 99 in 2004, 156 in 2003, 125 in 2002. Fastest-Growing Franchises is 93 in 2005, 53 in 2004, and 81 in 2003.
HomeVestors franchise is unique for several reasons including as a customized financing program that loans money to HomeVestors franchisees for the purposes of buying and renovating real estate, a proprietary computer software system that HomeVestors franchisees use to evaluate single family houses for purchase and repair, and a high impact billboard campaign that quickly achieves nearly 100 percentage customer awareness within months of implementation. It was recognized as one of the Top 100 fastest growing privately held companies in the Dallas Fort Worth area. HomeVestors of America, Inc. was ranked the 22nd fastest growing private company on the 2005 Dallas 100 list from the Cox Caruth Institute for Entrepreneurship.
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