Joe Homebuyer Franchise: Costs, Fees, Data, Profit

REPORTED COST TO GET IN: $106,000 - $412,000

REPORTED ROI (Item 19): $672,687 (Average Single Territory Net Sales)

Joe Homebuyer is a real estate franchise that has developed a turnkey acquisition model that allows franchisees to buy, rehab and dispose of residential and sometimes commercial properties, catering to a broad audience, including distressed homeowners.

Joe Homebuyer was established in 2016 by Cody Hofhine and Mark Stubler with the aim of simplifying the real estate selling process for homeowners. The two soon saw that they had something special and launched the franchise in 2019 to expand to other markets. Today, the concept has expanded rapidly to include nearly 50 locations across the country.

The Joe Homebuyer business model offers franchisees three distinct avenues for making money: buying homes off-market, fixing them and then selling or renting them out.

Since Joe Homebuyer franchisees don’t have to lease a brick-and-mortar location, keep a lot of inventory on hand or hire many employees, it’s an attractive opportunity for those interested in real estate that doesn’t require significant upfront capital. Franchisees benefit from a comprehensive support system, including marketing, training, and ongoing coaching.

The brand’s Item 19 outlines potential earnings as follows:

• Overall Average Single Territory Net Sales: $672,687

• Top 3rd Average Single Territory Net Sales: $1,615,691

• Top Single Territory Net Sales: $2,772,143

The total investment necessary to start the operation of a Joe Homebuyer location ranges from $106,000 to $412,000.

The Joe Homebuyer franchise fee is $50,000.

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