--- title: "Franchise Deep Dive: HomeVestors of America's Franchise Costs, Fees, Profit and Data" url: https://burnaze.com/article/2febba2a-a2da-4e7f-aa79-36e30c63588c source: "1851 Franchise" original_url: https://1851franchise.com/franchise-deep-dive-homevestors-of-americas-franchise-costs-fees-profit-and-data-2723435 category: "Real estate" industry: "Business Services" segment: "Real estate" topics: ["Finance & M&A"] published: 2023-09-08T17:12:59.000Z modified: 2026-11-01T02:07:02.997Z image: https://newimage.1851franchise.com/cdn-cgi/image/quality=85,format=webp,width=1280,height=720/story/featureImage/333bc5f936804151026592a05db4de609237.jpg --- # Franchise Deep Dive: HomeVestors of America's Franchise Costs, Fees, Profit and Data **TL;DR:** HomeVestors of America, a professional house-buying franchise, has purchased over 140K properties since its inception and has roughly 1,100 independently owned-and-operated franchise locations across 46 states and Washington D.C. The brand was founded in 1996 by real estate entrepreneur Ken D’Angelo. *originally published in 1851 Franchise on 2023-09-08. [Read the original](https://1851franchise.com/franchise-deep-dive-homevestors-of-americas-franchise-costs-fees-profit-and-data-2723435).* ## Story 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 *Disclaimer: This content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained on this site constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any franchises, securities, or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the franchise and/or securities laws of such jurisdiction. All content in this article is information of a general nature and does not address the detailed circumstances of any particular individual or entity. Nothing in the article constitutes professional and/or financial advice, nor does any information in the email constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content in this article before making any decisions based on such information or other content. ## Entities - 1851 Franchise (publication) - franchise expansion (topic) - Business Services (sector) - franchise costs (topic) - business model (topic) - real estate (topic) - HomeVestors (company) - HomeVestors of America, Inc. (company) - house buying (topic) --- Originally reported by 1851 Franchise (https://1851franchise.com/franchise-deep-dive-homevestors-of-americas-franchise-costs-fees-profit-and-data-2723435). Summarized by Burnaze (https://burnaze.com/article/2febba2a-a2da-4e7f-aa79-36e30c63588c).