Franchise Deep Dive: HomeVestors of America's Franchise Costs, Fees, Profit and Data

HomeVestors of America, also known as “We Buy Ugly Houses,” is the largest professional house-buying franchise in the United States. The brand, which was founded in 1996 by real estate entrepreneur Ken D’Angelo, specializes in buying distressed properties, including houses in need of repairs or properties facing financial difficulties. Since its inception more than 25 years ago, HomeVestors has purchased more than 140K properties.

As of August 2023, there are roughly 1,100 HomeVestors independently owned-and-operated franchise locations across 46 states and Washington D.C.

HomeVestors’ business model revolves around purchasing distressed properties quickly for cash, allowing homeowners to sell their homes without the need to handle repairs or renovations on their own. After HomeVestors acquires the property, the brand can then either fix it up, resell it or hold it for rental use.

HomeVestors offers two opportunities for interested parties, including being either a full franchise or an associate franchise.

• Full Franchise

HomeVestors’ Full Franchise opportunity is for those who are seeking to develop a full-time real estate business. As full franchise owners, franchisees are granted access to marketing rights in their territory, tools and mentorship, and “jump right into steering their businesses at the helm full-time.” The brand notes that full franchisees will often open a physical office location and a staff.

• Associate Franchise

The brand’s associate franchise opportunity is for individuals who want less upfront costs to start their business and don’t intend on making it their full-time job. Associate franchise owners will also still have access to marketing rights as well as tools and mentorship. As they typically work part-time, they may not require a staff or physical location.

HomeVestors does not have a publicly available Item 19. To learn more, contact the team about reading the Franchise Disclosure Document (FDD), which will state the total earnings of any company or franchise-owned unit as a reference.

As of July 2023, HomeVestors does not make its franchise costs available to the public. However, according to third-party sources, the cost to open a HomeVestors franchise ranges from $80,000 to $456,250.

• Ken D’Angelo — Founder

• David Hicks — Former CEO and President

• Larry Goodman — Chief Executive Officer

• Franchise Forecast: David Hicks of HomeVestors

• HomeVestors Ranked Among Top Franchises in Entrepreneur’s Highly Competitive Franchise 500

• HomeVestors Named to Franchise 50 List For Eight Years In A Row

• Franchise Investment Show: HomeVestors

• HomeVestors Earns Accolades as it Marks 25 Years of Buying Ugly Houses

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