HomeVestors of America Inc.

Founded: 1989 Franchising since: 1996
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.

10670 N. Central Expwy., #700 Dallas, Texas 75231

Phone: (972)961-0046

Franchisor is a privately-held company with 85 employee(s)

Franchise Growth

Year	U.S. Franchises	Canadian Franchises	Foreign Franchises	Company Owned
2008	210	0	0	0
2007	268	0	0	0
2006	254	0	0	0
2005	250	0	0	0

Where Seeking Franchisees
In the U.S. Alabama, Arkansas, Arizona, Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, North carolina, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, Tennessee, Texas, United states, Utah, Virginia, Washington, Wisconsin, West virginia
Outside the U.S.: Canada

Total investment: $200.7K-385.8K Franchise fee: $49.5K

Ongoing royalty fee: Varies Term of agreement: 5 years, renewable

Type of Financing Available

	In-House	Third Party
Franchise Fee	No	Yes
Startup Costs	No	Yes
Equipment	No	No
Inventory	Yes	No
Accounts Receivable	No	No
Payroll	No	No

Qualifications
Cash liquidity requirement: $200K
Business Experience:

• General business experience
• Background in sales, management, customer service preferred

Operations

• 8% 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)

Training

• Available at headquarters: 10 days
• 2-day advanced training

Ongoing Support

• Newsletter
• Meetings
• Internet
• Field operations/evaluations
• Purchasing cooperatives

Marketing Support

• Co-op advertising
• Ad slicks
• Regional advertising

Franchise 500® rank:
#366 (2009); #238 (2008); #252 (2007); #133 (2006); #138 (2005);

Fastest-Growing Franchises:
#93 (2005);