HomePros Franchise
Saturday, April 24, 2010 at 12:37PM Home repair & renovation services
Start-up Costs & Franchises Fees
What is the total cost to open a HomePros Franchises?
Total Cost: $39,800-$80,300
Total Franchise Fees: $26,000 USD
Ongoing Royalty Fees: 6%
Ongoing Advertising Fees:
Term of Agreement: 5 years
Contact Information for HomePros
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HomePros |
Phone Number: (812)473-1776 |
HomePros In the Press
No results at this time.Historical Expansion
In what year did HomePros begin operations? 2001
When did HomePros begin selling franchises? 2002
Year United States Canada International Corporate 2005 6 0 0 2 2004 8 0 0 2 2003 7 0 0 3 2002 2 0 0 1 2001 Not Available Not Available Not Available 1
Future Expansion
United States: Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North Carolina, North Dakota, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Washington, Wisconsin, West Virginia, Wyoming,
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee Yes No Initial Start-up Capital No No Plant, Property, and Equipment No No Inventory No No Accounts Receivable No No Payroll No No
Training & Support
Support
In the Pressletter, Meetings, Grand opening support, Internet referrals, Field support and site evaluation
Marketing
Ad slicks
Franchise Operation Restrictions
This franchise can be run as a home based business franchise.28% of all franchise business owners own more than one franchise location.
Number of employees needed to run franchised unit: 2
Absentee ownership of this franchise business is not available to new franchisees. (100% of current franchise business owners are owner/operators)
Qualifications & Business Experience
Business Experience:
Industry experience General business experience Basic home repair skills
Franchise Analyzer Professional's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must download a free copy of Franchise Analyzer Professional to receive these benefits and so much more. Click here to download your FREE copy now.
What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
Can you negotiate lower royalties during start-up? Yes
Can you purchase multiple franchises for a discounted franchise fee? Yes
Can you receive lower advertising fees? Yes
Will I know when the franchise break even? Yes
Will my personal assets including my home be safe in case my franchise business fails? Yes