HomeVestors of America
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Table Of Contents
HomeVestors of America Company Overview
HomeVestors of American Company Information
|Headquarters||6500 Greenville Ave Ste 400|
|Dallas, TX 75201|
|Key people||Ken Channell and David Hicks|
|Company Size||201-500 employees|
|Revenue||$10 to $25 million (USD) per year|
HomeVestors of America, Inc. is a privately owned U.S. real estate franchise company that sells franchises to investors who provide real estate services by buying homes in need of repair, renovating them and either selling or renting them. Founded in 1989 and franchising since 1996, the company consists of 200 independently owned and operated franchisees located in 33 states. Acting on approximately 160,000 leads, franchisees buy an average of 8,000 homes within a year, holding them about six months on average. Headquartered in Dallas, Texas, HomeVestors is the largest homebuyer in the United States.
HomeVestors has been ranked on Entrepreneur magazine’s “Franchise 500” for five consecutive years; ranked on Entrepreneur magazine’s “Fastest-Growing Franchises” list for four consecutive years; and ranked on the SMU Cox School of Business “Dallas 100” fastest-growing private companies based in Dallas for four consecutive years. Additionally, HomeVestors was named to the Franchise Business Review “Top 50 Franchises” for the fifth consecutive year in 2010. 1
HomeVestors franchisees offer 55% to 65% of the estimated market value of the homes, minus the renovation costs. This service benefits people who lack the time or inclination to fix up and sell a home themselves as well as the surrounding homes and community.
Hayes, a former Communications professor at Temple University, fell into the franchise business after writing the book Franchising: The Inside Story. Official Company Website “The Top Markets for Rental-Home Investors,” The Wall Street Journal, July 11, 2011. 2
HomeVestors of America News & Press Releases
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