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HomeVestors franchise financing options
Compare costs, fees and where to get financing for a HomeVestors.
Estimated initial costs
Our cost estimates are accurate as of 2021 from Franchise Direct and include opening fees and expenses only. The location you choose for your HomeVestors of America franchise may result in higher or lower fees.
Franchise feesHomeVestors of America franchise fees total around $51,000, which is more than the $37,000 average for the 200 largest franchises.
|Initial franchise fee||$32,000 to $70,000|
|Estimated total||$32,000 to $70,000|
Equipment feesEquipment fees total $13,200 for HomeVestors of America. This is less than the $180,023 average for the top 200 franchises.
|Furniture, fixtures and equipment||$0 to $10,200|
|Signage||$0 to $4,200|
|iPad and computer equipment||$2,000 to $10,000|
|Estimated total||$2,000 to $24,400|
Real estate feesReal estate will set you back $75,500 for HomeVestors of America, thought it's less than the average of $788,376 for the top 200 franchises.
|Leasehold improvements||$0 to $5,000|
|First monthu2019s rent||$0 to $2,000|
|Security deposit||$0 to $2,000|
|Purchase and repair of properties||$13,000 to $129,000|
|Estimated total||$13,000 to $138,000|
Training feesHomeVestors of America initial training costs total $3,900, which comes in under the nationwide average of $9,788.
|Training expense||$1,800 to $6,000|
|Estimated total||$1,800 to $6,000|
Marketing costsAdvertisement and marketing costs total up to $69,000 for HomeVestors of America, which is more than the nationwide average of $9,938.
|Advertising||$18,000 to $120,000|
|Estimated total||$18,000 to $120,000|
Insurance costsInitial insurance costs for HomeVestors of America run $5,000. This means you'll be paying less than the overall nationwide average of $6,311.
|Insurance||$2,000 to $8,000|
|Estimated total||$2,000 to $8,000|
Administrative feesHomeVestors of America administrative fees total up to $1,075 — which comes in under the overall nationwide average of $6,761.
|Opening supplies||$200 to $1,950|
|Estimated total||$200 to $1,950|
Other expensesMiscellaneous expenses for HomeVestors of America total $29,450 — less than the nationwide average of $69,970.
|Miscellaneous opening costs||$1,000 to $7,900|
|Six months' additional funds||$0 to $50,000|
|Estimated total||$1,000 to $57,900|
How to financeSince the estimated total for HomeVestors of America is on the more costly side, we recommend following these steps to get fully financed:
- Go to the HomeVestors of America franchising website and review its financial requirements, including cash-on-hand requirements.
- Reach out to HomeVestors of America about in-house financing for franchisees.
- If in-house financing isn't available, look for online loans, bank loans and SBA loans to help meet the $248,125 estimated opening costs.
- Compare lenders based on amounts, interest rates and what types of personal and business credit history they accept.
- Once you settle on a lender, gather all required documents, including account statements and assets.
- Apply for financing online or in person as required by the lender.
What types of financing is available?You have several options when it comes to financing a HomeVestors of America — even if the cost is on the heavier side. What assets you have available will largely determine how much you need to borrow, and which option suits you best.
- Online loan. A number of online business lenders offer amounts up to $1 million, with some extending up to $5 million.
- Bank loan. Your personal credit will typically need to at least be good — 670 or higher — when it comes to getting a bank loan large enough to cover a significant portion of HomeVestors of America opening costs.
- SBA loan. While your personal credit score doesn't need to be as good to qualify for an SBA loan, they usually cost more than standard term loans from banks or online lenders.
Compare small business lendersYou may not need financing to cover the estimated $70,000. But if you need funds for other business ventures, select the loan amount, your time in business and revenue and your personal credit score to compare a selection of lenders.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
How HomeVestors of America stacks upCompare how HomeVestors of America holds up against two similarly sized franchises.
|Massage Envy||HomeVestors of America||Edible|
|Average Franchise fees||$45,000||$51,000||NA|
|Average Equipment fees||$129,800||$13,200||$110,100|
|Average Real estate fees||$406,000||$75,500||$95,000|
|Average Training fees||$3,500||$3,900||$1,450|
|Average Inventory fees||NA||NA||$15,750|
|Average Marketing fees||$15,000||$69,000||NA|
|Average Licenses and permits fees||$2,625||NA||NA|
|Average Insurance fees||NA||$5,000||NA|
|Average Admin fees||NA||$1,075||$2,600|
|Average Personnel fees||NA||NA||NA|
|Average Other fees||$18,500||$29,450||$2,000|
Bottom lineHomeVestors of America franchise costs run a total of $248,125. Before you decide to become a franchisee, compare the total costs against industry averages. And to learn more about financing read our guide to franchise financing.
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