Franopolis
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    HomeVestors

    Franchise research report · reviewed 2026 disclosure data

    Researching HomeVestors franchise opportunities? Every figure below is cited to the FDD.

    Reviewed sources

    HomeVestors franchise operates under the "We Buy Ugly Houses" brand, purchasing distressed residential properties for renovation and resale in markets across th

    Headline figures

    Quick facts

    How much does it cost to open a HomeVestors franchise?
    The HomeVestors Franchise Disclosure Document reports separate estimated initial investments by format: $107,500–$434,750 for associate franchise total estimated initial investment: $107,500–$434,750. (2026 FDD, Item 7, PDF p. 25); $150,000–$477,250 for full franchise total estimated initial investment: $150,000–$477,250. (2026 FDD, Item 7, PDF p. 24). These formats are not combined. Each is the franchisor's disclosed estimate, not a quote. Details
    What ongoing fees does HomeVestors charge?
    The disclosed ongoing royalty is 10% (2026 FDD, Item 6, PDF p. 15). The brand or advertising fund contribution is $200 (2026 FDD, Item 6, PDF p. 17). Other recurring fees are listed in Item 6. Details
    Does HomeVestors disclose financial performance (Item 19)?
    Yes. The HomeVestors FDD includes an Item 19 financial performance representation (2026 FDD, Item 19, PDF p. 62). Figures apply only to the locations and period each one covers. Details

    From reviewed FDD figures only. Not a recommendation or projection.

    What the disclosures show

    1. 1The 2026 FDD (Item 7) estimates opening costs separately by format: $107,500 – $434,750 (Associate Franchise Total Estimated Initial Investment: $107,500–$434,750.); $150,000 – $477,250 (Full Franchise Total Estimated Initial Investment: $150,000–$477,250.); several initial fee options apply.
    2. 2Item 19 covers 12 separate groups: other measures for 199 Franchised locations; other measures for 198 Franchised locations; other measures for 795 Franchised locations; other measures for 199 Franchised locations; other measures for 199 Franchised locations; other measures for 76 Franchised locations; other measures for 795 Franchised locations; other measures for Franchised locations; other measures for Franchised locations; other measures for 27 Franchised locations; other measures for Franchised locations; other measures for Franchised locations. They are not combined.

    From reviewed FDD figures only. Not a recommendation or projection.

    Costs · Items 5–7

    What does it cost to open?

    Estimated opening costs and the fees payable to the franchisor.

    Startup Investment — Item 7

    Range across 2 single-unit formats

    2026 FDD · Item 7

    Formats disclosed in Item 7 (2)

    Each format has its own total. The total depends on the format you choose.

    • Associate Franchise Total Estimated Initial Investment: $107,500–$434,750.PDF p. 25$107,500 – $434,750
    • Full Franchise Total Estimated Initial Investment: $150,000–$477,250.PDF p. 24$150,000 – $477,250

    Ongoing Fees — Item 6

    Selected recurring charges; payment bases and conditions remain attached to each fee.

    The Associate Royalty Fee's percentage component may not exceed 10%.Main ongoing fee

    80 reported fees, each with its payment basis, are listed below; they haven't been sorted into recurring, initial and occasional groups yet.

    Financial Performance — Item 19

    What results are disclosed—and for which locations?

    12 separate populations, shown apart. Revenue is not owner income.

    Locations counted: not stated in the reviewed record

    Other measures · 199 locations

    Who is counted
    3rdquartile
    Excluded
    72new,151permanentclosures,36transferred/reacquired,26companyoutlets excluded. GPDexcludesrepair,advertisinginclAdSpend,commissions,transactionfees,closing,sellerconcessions,taxes,holding,utilities,labor,vehicles,insurance,royalty,marketingandalloperatingcosts.
    Method
    Unauditedfranchiseereported. GPDsalesprice lesspurchaseprice ofpropertiessoldduring2025regardlesspurchasedate; notprofit. AdSpendCouncil/NAFleadacquisitiononlyexcludesMarketingFund,DigLeads,resalemarketing. QuartilesrankannualGPD.

    Locations counted: not stated in the reviewed record

    Other measures · 198 locations

    Who is counted
    Topquartile
    Excluded
    72new,151permanentclosures,36transferred/reacquired,26companyoutlets excluded. GPDexcludesrepair,advertisinginclAdSpend,commissions,transactionfees,closing,sellerconcessions,taxes,holding,utilities,labor,vehicles,insurance,royalty,marketingandalloperatingcosts.
    Method
    Unauditedfranchiseereported. GPDsalesprice lesspurchaseprice ofpropertiessoldduring2025regardlesspurchasedate; notprofit. AdSpendCouncil/NAFleadacquisitiononlyexcludesMarketingFund,DigLeads,resalemarketing. QuartilesrankannualGPD.

    Locations counted: not stated in the reviewed record

    Other measures · 795 locations

    Who is counted
    Allcovered
    Excluded
    72new,151permanentclosures,36transferred/reacquired,26companyoutlets excluded. GPDexcludesrepair,advertisinginclAdSpend,commissions,transactionfees,closing,sellerconcessions,taxes,holding,utilities,labor,vehicles,insurance,royalty,marketingandalloperatingcosts.
    Method
    Unauditedfranchiseereported. GPDsalesprice lesspurchaseprice ofpropertiessoldduring2025regardlesspurchasedate; notprofit. AdSpendCouncil/NAFleadacquisitiononlyexcludesMarketingFund,DigLeads,resalemarketing. QuartilesrankannualGPD.

    Locations counted: not stated in the reviewed record

    Other measures · 199 locations

    Who is counted
    2ndquartile
    Excluded
    72new,151permanentclosures,36transferred/reacquired,26companyoutlets excluded. GPDexcludesrepair,advertisinginclAdSpend,commissions,transactionfees,closing,sellerconcessions,taxes,holding,utilities,labor,vehicles,insurance,royalty,marketingandalloperatingcosts.
    Method
    Unauditedfranchiseereported. GPDsalesprice lesspurchaseprice ofpropertiessoldduring2025regardlesspurchasedate; notprofit. AdSpendCouncil/NAFleadacquisitiononlyexcludesMarketingFund,DigLeads,resalemarketing. QuartilesrankannualGPD.

    Locations counted: not stated in the reviewed record

    Other measures · 199 locations

    Who is counted
    Bottomquartile
    Excluded
    72new,151permanentclosures,36transferred/reacquired,26companyoutlets excluded. GPDexcludesrepair,advertisinginclAdSpend,commissions,transactionfees,closing,sellerconcessions,taxes,holding,utilities,labor,vehicles,insurance,royalty,marketingandalloperatingcosts.
    Method
    Unauditedfranchiseereported. GPDsalesprice lesspurchaseprice ofpropertiessoldduring2025regardlesspurchasedate; notprofit. AdSpendCouncil/NAFleadacquisitiononlyexcludesMarketingFund,DigLeads,resalemarketing. QuartilesrankannualGPD.

    Locations counted: not stated in the reviewed record

    Other measures · 76 locations

    Who is counted
    Bottomquartileactuallyadvertisedsubgroup
    Excluded
    72new,151permanentclosures,36transferred/reacquired,26companyoutlets excluded. GPDexcludesrepair,advertisinginclAdSpend,commissions,transactionfees,closing,sellerconcessions,taxes,holding,utilities,labor,vehicles,insurance,royalty,marketingandalloperatingcosts.
    Method
    Unauditedfranchiseereported. GPDsalesprice lesspurchaseprice ofpropertiessoldduring2025regardlesspurchasedate; notprofit. AdSpendCouncil/NAFleadacquisitiononlyexcludesMarketingFund,DigLeads,resalemarketing. QuartilesrankannualGPD. Source23/76(64%)retainedwithoutrecomputing.

    Locations counted: not stated in the reviewed record

    Other measures · 795 locations

    Who is counted
    Coveredfranchises full12months
    Excluded
    72new,151permanentclosures,36transferred/reacquired,26companyoutlets excluded. GPDexcludesrepair,advertisinginclAdSpend,commissions,transactionfees,closing,sellerconcessions,taxes,holding,utilities,labor,vehicles,insurance,royalty,marketingandalloperatingcosts.
    Method
    Unauditedfranchiseereported. GPDsalesprice lesspurchaseprice ofpropertiessoldduring2025regardlesspurchasedate; notprofit. AdSpendCouncil/NAFleadacquisitiononlyexcludesMarketingFund,DigLeads,resalemarketing. QuartilesrankannualGPD.

    Locations counted: not stated in the reviewed record

    Other measures

    Who is counted
    Southcoveredfranchises
    Excluded
    72new,151permanentclosures,36transferred/reacquired,26companyoutlets excluded. GPDexcludesrepair,advertisinginclAdSpend,commissions,transactionfees,closing,sellerconcessions,taxes,holding,utilities,labor,vehicles,insurance,royalty,marketingandalloperatingcosts.
    Method
    Unauditedfranchiseereported. GPDsalesprice lesspurchaseprice ofpropertiessoldduring2025regardlesspurchasedate; notprofit. AdSpendCouncil/NAFleadacquisitiononlyexcludesMarketingFund,DigLeads,resalemarketing. QuartilesrankannualGPD. Regiondefinedbysourcestatelist; movedfranchiseallocatedregionofmajorityGPD; regioncountsnotstated.

    Locations counted: not stated in the reviewed record

    Other measures

    Who is counted
    Westcoveredfranchises
    Excluded
    72new,151permanentclosures,36transferred/reacquired,26companyoutlets excluded. GPDexcludesrepair,advertisinginclAdSpend,commissions,transactionfees,closing,sellerconcessions,taxes,holding,utilities,labor,vehicles,insurance,royalty,marketingandalloperatingcosts.
    Method
    Unauditedfranchiseereported. GPDsalesprice lesspurchaseprice ofpropertiessoldduring2025regardlesspurchasedate; notprofit. AdSpendCouncil/NAFleadacquisitiononlyexcludesMarketingFund,DigLeads,resalemarketing. QuartilesrankannualGPD. Regiondefinedbysourcestatelist; movedfranchiseallocatedregionofmajorityGPD; regioncountsnotstated.

    Locations counted: not stated in the reviewed record

    Other measures · 27 locations

    Who is counted
    Bottomquartilepropertiessoldsubgroup
    Excluded
    72new,151permanentclosures,36transferred/reacquired,26companyoutlets excluded. GPDexcludesrepair,advertisinginclAdSpend,commissions,transactionfees,closing,sellerconcessions,taxes,holding,utilities,labor,vehicles,insurance,royalty,marketingandalloperatingcosts.
    Method
    Unauditedfranchiseereported. GPDsalesprice lesspurchaseprice ofpropertiessoldduring2025regardlesspurchasedate; notprofit. AdSpendCouncil/NAFleadacquisitiononlyexcludesMarketingFund,DigLeads,resalemarketing. QuartilesrankannualGPD. Source23/76(64%)retainedwithoutrecomputing.

    Locations counted: not stated in the reviewed record

    Other measures

    Who is counted
    Midwestcoveredfranchises
    Excluded
    72new,151permanentclosures,36transferred/reacquired,26companyoutlets excluded. GPDexcludesrepair,advertisinginclAdSpend,commissions,transactionfees,closing,sellerconcessions,taxes,holding,utilities,labor,vehicles,insurance,royalty,marketingandalloperatingcosts.
    Method
    Unauditedfranchiseereported. GPDsalesprice lesspurchaseprice ofpropertiessoldduring2025regardlesspurchasedate; notprofit. AdSpendCouncil/NAFleadacquisitiononlyexcludesMarketingFund,DigLeads,resalemarketing. QuartilesrankannualGPD. Regiondefinedbysourcestatelist; movedfranchiseallocatedregionofmajorityGPD; regioncountsnotstated.

    Locations counted: not stated in the reviewed record

    Other measures

    Who is counted
    Northeastcoveredfranchises
    Excluded
    72new,151permanentclosures,36transferred/reacquired,26companyoutlets excluded. GPDexcludesrepair,advertisinginclAdSpend,commissions,transactionfees,closing,sellerconcessions,taxes,holding,utilities,labor,vehicles,insurance,royalty,marketingandalloperatingcosts.
    Method
    Unauditedfranchiseereported. GPDsalesprice lesspurchaseprice ofpropertiessoldduring2025regardlesspurchasedate; notprofit. AdSpendCouncil/NAFleadacquisitiononlyexcludesMarketingFund,DigLeads,resalemarketing. QuartilesrankannualGPD. Regiondefinedbysourcestatelist; movedfranchiseallocatedregionofmajorityGPD; regioncountsnotstated.

    These groups are never combined.

    Outlet Changes — Item 20

    How has the outlet count changed?

    Coverage not stated in the reviewed record · counts as of year end of each year.

    2026 FDD · Item 20 ·

    Questions to investigate

    Prompts based on what this brand's reviewed disclosures do and don't show — not conclusions. Join free as a member to save questions to your research.

    For the franchisor

    • Which line items in the 2026 Item 7 estimate ($107,500 – $477,250) vary most by market, and why?

    • Which initial fee option would apply to my situation, and what conditions or discounts affect it?

    • Which locations are included in the Item 19 figures, and which were excluded?

    • Is a territory available in my area, and how is it defined in my agreement?

    For current and former owners

    • How did your actual startup costs and timeline compare with the Item 7 estimate?

    • How many hours a week do you work in the business, and in what role?

    • How do your results compare with the Item 19 figures, and what explains the difference?

    • What support from the franchisor has been most and least useful?

    For your advisors

    • Ask a franchise attorney to review the territory, renewal, transfer and termination terms.

    • Ask an accountant to build a cash-flow plan using your own assumptions, not the franchisor's.

    Sources & vintage history

    Every displayed fact is retained with its disclosure vintage, item, page, and reviewed status. Prior vintages remain on file rather than being overwritten.

    Citations (2026 FDD)

    1. [1]Item 19 — Locations counted not stated in the reviewed record — 3rdquartile · PDF p. 62
    2. [2]Item 19 — Locations counted not stated in the reviewed record — Topquartile · PDF p. 62
    3. [3]Item 19 — Locations counted not stated in the reviewed record — Allcovered · PDF p. 62
    4. [4]Item 19 — Locations counted not stated in the reviewed record — 2ndquartile · PDF p. 62
    5. [5]Item 19 — Locations counted not stated in the reviewed record — Bottomquartile · PDF p. 62
    6. [6]Item 19 — Locations counted not stated in the reviewed record — Bottomquartileactuallyadvertisedsubgroup · PDF p. 63
    7. [7]Item 19 — Locations counted not stated in the reviewed record — Coveredfranchises full12months · PDF p. 62; PDF p. 61
    8. [8]Item 19 — Locations counted not stated in the reviewed record — Southcoveredfranchises · PDF p. 63
    9. [9]Item 19 — Locations counted not stated in the reviewed record — Westcoveredfranchises · PDF p. 63
    10. [10]Item 19 — Locations counted not stated in the reviewed record — Bottomquartilepropertiessoldsubgroup · PDF p. 62
    11. [11]Item 19 — Locations counted not stated in the reviewed record — Midwestcoveredfranchises · PDF p. 63
    12. [12]Item 19 — Locations counted not stated in the reviewed record — Northeastcoveredfranchises · PDF p. 63

    "PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page. Source document: FDD

    Territory & operations

    813 addresses in Franopolis's imported location list. Coverage may differ from Item 20 outlet counts.

    These are contract disclosures, not confirmation that any territory is currently available.

    Legal & agreement

    Franchisor financial statements

    Fiscal yearMeasureReported value
    2025balance sheet total assets$34,889,566
    2025balance sheet income taxes payable to parent$1,000,693
    2025balance sheet notes receivable, net$288,192
    2025balance sheet accrued expenses and other current liabilities$11,342,457
    2025income statement franchise sales$4,129,725
    2025balance sheet deferred contract costs, noncurrent portion$2,907,491
    2025income statement advertising fees and marketing fund revenues$5,193,751
    2025balance sheet total liabilities$22,700,910
    2025income statement franchise operations franchise fees$24,182,232
    2025cash flow depreciation and amortization of property and equipment$177,327
    2025income statement cost of revenues franchise operations development agent costs$5,784,640
    2025cash flow contract liabilities-$1,652,105
    2025income statement other loan and financing$369,105
    2025cash flow accounts payable and accrued expenses and other current and noncurrent liabilities-$2,342,307
    2025cash flow net cash used in financing activities-$9,900,000
    2025cash flow operating activities net income$758,095
    2025cash flow items not requiring$3,146,245
    2025cash flow changes in accounts receivable-$2,370,472
    2025income statement total cost of revenues$11,861,175
    2025income statement depreciation and amortization$4,594,215
    2025income statement other operations, net of reimbursements$2,199,878
    2025cash flow deferred contract costs$880,941
    2025cash flow deemed contribution by parent for income tax benefit$10,005,824
    2025homevestors december31 2025 commonstock$10
    2025balance sheet cash and cash equivalents$11,316,797
    2025balance sheet restricted cash$300,145
    2025balance sheet accounts receivable, net$8,702,584
    2025balance sheet deferred contract costs, current portion$1,563,520
    2025balance sheet other current assets$674,718
    2025balance sheet total current assets$22,845,956
    2025balance sheet goodwill, net$4,747,513
    2025balance sheet intangible assets, net$1,960,250
    2025balance sheet property and equipment, net$1,175,934
    2025balance sheet operating lease assets$20,198
    2025balance sheet deferred tax assets$1,232,224
    2025balance sheet liabilities and stockholder’s equity current liabilities accounts payable$3,458,345
    2025balance sheet current portion of operating lease liabilities$44,700
    2025balance sheet current contract liabilities$2,576,009
    2025balance sheet total current liabilities$18,422,204
    2025balance sheet noncurrent contract liabilities$4,278,706
    2025balance sheet additional paid-in capital$12,188,646
    2025balance sheet total stockholder’s equity$12,188,656
    2025balance sheet total liabilities and stockholder’s equity$34,889,566
    2025income statement other$3,371,944
    2025income statement finance interest$27,574
    2025income statement total revenues$37,274,331
    2025income statement sales commissions and other franchise sales costs$3,876,657
    2025income statement gross profit$25,413,156
    2025income statement other operating expense salary and other related expenses$6,877,791
    2025income statement general and administrative$12,086,476
    2025income statement income before income taxes$1,854,674
    2025income statement income tax provision$1,096,579
    2025income statement net income$758,095
    2025cash flow deferred income taxes-$497,334
    2025cash flow noncash operating lease expense$242,364
    2025cash flow amortization of goodwill$3,636,888
    2025cash flow amortization of intangible and other assets$780,000
    2025cash flow other current and long-term assets-$219,920
    2025cash flow income taxes payable to parent$2,064,454
    2025cash flow operating lease liability-$269,274
    2025cash flow net cash provided by operating activities$4,334,901
    2025cash flow investing activities purchase of property and equipment and capitalized software development costs-$456,298
    2025cash flow net cash used in investing activities-$456,298
    2025cash flow dividends paid-$9,900,000
    2025cash flow increase-$6,021,397
    2025cash flow cash, cash equivalents, and restricted cash, beginning of year$17,638,339
    2025cash flow cash, cash equivalents, and restricted cash, end of year$11,616,942
    2025cash flow supplemental cash flows information income taxes paid net of refunds$100,000
    2025cash flow dividends declared but not paid$6,600,000
    2025homevestors december31 2025 shares$1,000
    2025homevestors december31 2025 paidincapital$12,188,646
    2025homevestors december31 2025 totalequity$12,188,656
    2025homevestors income 2025 franchise operations revenue subtotal$31,683,901
    2025homevestors income 2025 finance revenue subtotal$396,679
    2025homevestors income 2025 franchise operations cost subtotal$11,861,175
    2025homevestors income 2025 other operating expense subtotal$23,558,482
    2024balance sheet deferred contract costs, current portion$1,871,670
    2024balance sheet goodwill, net$8,384,401
    2024balance sheet property and equipment, net$896,963
    2024income statement franchise sales$4,922,493
    2024balance sheet accrued expenses and other current liabilities$10,256,559
    2024balance sheet intangible assets, net$2,740,250
    2024balance sheet total assets$46,230,703
    2024balance sheet total stockholder’s equity$14,624,737
    2024income statement income tax provision$3,032,238
    2024balance sheet total liabilities$31,605,966
    2024income statement franchise operations franchise fees$27,464,271
    2024income statement gross profit$29,258,472
    2024cash flow operating activities net income$6,502,162
    2024income statement other loan and financing$32,397
    2024cash flow investing activities purchase of property and equipment and capitalized software development costs-$444,760
    2024homevestors december31 2024 paidincapital$14,624,727
    2024cash flow other current and long-term assets$83,328
    2024cash flow deferred contract costs$825,708
    2024homevestors income 2024 franchise operations revenue subtotal$36,165,144
    2024cash flow increase$4,340,524
    2024homevestors income 2024 finance revenue subtotal$130,514
    2024balance sheet cash and cash equivalents$17,307,655
    2024balance sheet restricted cash$330,684
    2024balance sheet accounts receivable, net$9,478,357
    2024balance sheet notes receivable, net$288,191
    2024balance sheet other current assets$454,798
    2024balance sheet total current assets$29,731,355
    2024balance sheet operating lease assets$262,562
    2024balance sheet deferred contract costs, noncurrent portion$3,480,282
    2024balance sheet deferred tax assets$734,890
    2024balance sheet liabilities and stockholder’s equity current liabilities accounts payable$3,586,550
    2024balance sheet current portion of operating lease liabilities$269,274
    2024balance sheet current contract liabilities$3,101,888
    2024balance sheet income taxes payable to parent$8,942,063
    2024balance sheet total current liabilities$26,156,334
    2024balance sheet operating lease liabilities$44,700
    2024balance sheet noncurrent contract liabilities$5,404,932
    2024balance sheet additional paid-in capital$14,624,727
    2024balance sheet total liabilities and stockholder’s equity$46,230,703
    2024income statement other$3,778,380
    2024income statement advertising fees and marketing fund revenues$6,564,745
    2024income statement finance interest$98,117
    2024income statement total revenues$42,860,403
    2024income statement cost of revenues franchise operations development agent costs$7,318,327
    2024income statement sales commissions and other franchise sales costs$3,937,234
    2024income statement other operations, net of reimbursements$2,346,331
    2024income statement finance$39
    2024income statement total cost of revenues$13,601,931
    2024income statement other operating expense salary and other related expenses$6,321,235
    2024income statement depreciation and amortization$4,652,446
    2024income statement general and administrative$8,750,391
    2024income statement income before income taxes$9,534,400
    2024income statement net income$6,502,162
    2024cash flow items not requiring$580,169
    2024cash flow deferred income taxes-$686,805
    2024cash flow depreciation and amortization of property and equipment$235,558
    2024cash flow noncash operating lease expense$242,364
    2024cash flow amortization of goodwill$3,636,888
    2024cash flow amortization of intangible and other assets$780,000
    2024cash flow changes in accounts receivable-$3,106,677
    2024cash flow notes receivable$147,313
    2024cash flow contract liabilities-$1,318,532
    2024cash flow income taxes payable to parent$5,254,326
    2024cash flow operating lease liability-$241,216
    2024cash flow accounts payable and accrued expenses and other current and noncurrent liabilities$1,750,698
    2024cash flow net cash provided by operating activities$14,685,284
    2024cash flow net cash used in investing activities-$444,760
    2024homevestors december31 2024 shares$1,000
    2024cash flow dividends paid-$9,900,000
    2024cash flow net cash used in financing activities-$9,900,000
    2024cash flow cash, cash equivalents, and restricted cash, beginning of year$13,297,815
    2024homevestors december31 2024 commonstock$10
    2024cash flow cash, cash equivalents, and restricted cash, end of year$17,638,339
    2024cash flow supplemental cash flows information income taxes paid net of refunds$2,144,300
    2024cash flow dividends declared but not paid$3,300,000
    2024homevestors december31 2024 totalequity$14,624,737
    2024homevestors income 2024 franchise operations cost subtotal$13,601,892
    2024homevestors income 2024 other operating expense subtotal$19,724,072
    2023balance sheet deferred contract costs, current portion$2,001,240
    2023balance sheet other current assets$538,126
    2023balance sheet liabilities and stockholder’s equity current liabilities accounts payable$2,632,019
    2023income statement loan fees$19,306
    2023balance sheet income taxes payable to parent$3,687,737
    2023balance sheet total liabilities$22,860,690
    2023balance sheet total liabilities and stockholder’s equity$44,183,265
    2023income statement finance interest$127,493
    2023homevestors december31 2023 paidincapital$21,322,565
    2023income statement other loan and financing$6,254
    2023cash flow amortization of goodwill$3,636,888
    2023income statement other operations, net of reimbursements$2,514,425
    2023income statement general and administrative$5,821,298
    2023cash flow noncash operating lease expense$242,364
    2023income statement depreciation and amortization$4,479,820
    2023cash flow accounts payable and accrued expenses and other current and noncurrent liabilities-$321,431
    2023cash flow distributions-$425,293
    2023cash flow cash, cash equivalents, and restricted cash, beginning of year$13,808,654
    2023cash flow deferred contract costs-$228,676
    2023cash flow net cash used in investing activities-$2,094,540
    2023cash flow cash, cash equivalents, and restricted cash, end of year$13,297,815
    2023homevestors income 2023 franchise operations cost subtotal$16,385,188
    2023homevestors income 2023 other operating expense subtotal$16,209,409
    2023balance sheet cash and cash equivalents$12,937,006
    2023balance sheet restricted cash$360,809
    2023balance sheet accounts receivable, net$6,951,849
    2023balance sheet notes receivable, net$435,504
    2023balance sheet total current assets$23,224,534
    2023balance sheet goodwill, net$12,021,289
    2023homevestors december31 2023 shares$1,000
    2023balance sheet intangible assets, net$3,520,250
    2023balance sheet property and equipment, net$687,761
    2023balance sheet operating lease assets$504,926
    2023balance sheet deferred contract costs, noncurrent portion$4,176,420
    2023balance sheet deferred tax assets$48,085
    2023balance sheet total assets$44,183,265
    2023balance sheet current portion of operating lease liabilities$263,437
    2023balance sheet current contract liabilities$3,501,644
    2023homevestors december31 2023 commonstock$10
    2023balance sheet accrued expenses and other current liabilities$6,160,392
    2023balance sheet total current liabilities$16,245,229
    2023balance sheet operating lease liabilities$291,753
    2023balance sheet noncurrent contract liabilities$6,323,708
    2023balance sheet additional paid-in capital$21,322,565
    2023balance sheet total stockholder’s equity$21,322,575
    2023income statement franchise operations franchise fees$32,252,557
    2023income statement franchise sales$5,766,121
    2023income statement other$3,611,437
    2023income statement advertising fees and marketing fund revenues$7,271,841
    2023income statement total revenues$49,055,009
    2023income statement cost of revenues franchise operations development agent costs$9,420,977
    2023income statement sales commissions and other franchise sales costs$4,449,786
    2023homevestors december31 2023 totalequity$21,322,575
    2023income statement finance$424
    2023income statement total cost of revenues$16,385,612
    2023income statement gross profit$32,669,397
    2023income statement other operating expense salary and other related expenses$5,908,291
    2023income statement income before income taxes$16,459,988
    2023income statement income tax provision$4,730,569
    2023income statement net income$11,729,419
    2023cash flow operating activities net income$11,729,419
    2023cash flow items not requiring$413,808
    2023cash flow deferred income taxes-$114,859
    2023cash flow depreciation and amortization of property and equipment$150,432
    2023cash flow amortization of intangible and other assets$692,500
    2023cash flow changes in accounts receivable-$2,986,776
    2023cash flow notes receivable$3,036,690
    2023cash flow other current and long-term assets$150,221
    2023cash flow contract liabilities-$1,191,285
    2023cash flow income taxes payable to parent$957,301
    2023cash flow operating lease liability-$257,602
    2023cash flow net cash provided by operating activities$15,908,994
    2023cash flow investing activities purchase of property and equipment and capitalized software development costs-$594,540
    2023cash flow purchase of intangibles-$1,500,000
    2023cash flow dividends paid-$13,900,000
    2023cash flow net cash used in financing activities-$14,325,293
    2023cash flow increase-$510,839
    2023cash flow supplemental cash flows information income taxes paid net of refunds$2,300,900
    2023homevestors income 2023 franchise operations revenue subtotal$41,630,115
    2023homevestors income 2023 finance revenue subtotal$153,053
    2022homevestors december31 2022 shares$1,000
    2022homevestors december31 2022 commonstock$10
    2022homevestors december31 2022 paidincapital$23,918,439
    2022homevestors december31 2022 totalequity$23,918,449

    These figures describe the franchisor company, not individual franchise locations.

    SBA-backed loans to franchisees

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    Source: U.S. Small Business Administration 7(a) & 504 FOIA data. Loan volume is not a measure of franchisee success.

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    Reader notes on wording

    Our automated check found that these summaries may not match the FDD's exact wording. Read the FDD excerpt itself; it is the authoritative text. Core cost, fee, Item 19 and outlet figures are not affected.

    • Item 19 · PDF p. 62 · 2026 FDD

      Our summary: Bottomquartile ExceededaverageGPDshare

      “TABLE 1 GROSS PRICE DIFFERENTIAL AND ADVERTISING SPEND BY QUARTILE FOR THE COVERED FRANCHISES FOR YEAR 2025 Top Quartile 2 nd Quartile 3 rd Quartile Bottom Quartile All Covered Franchises Average Gross Price Differential $1,654,823 $482,461 $161,922 $3,086 * $574,215 Number Exceeding Average Gross Price Differential / Franchises in Quartile 60/198 (30%) 88/199 (44%) 97/199 (49%) 26/199 * (13%) 258/795 (32%) Median Gross Price Differential $1,355,000 $452,590 $158,922 $0 * $286,884 Low Gross Price Differential $754,100 $288,525 $39,500 -$25,000 -$25,000 High Gross Price Differential $10,964,415 $744,990 $286,884 $38,000 $10,964,415 Average Ad Spend $139,462 $63,573 $38,417 $11,161 ** $63,057 Number Exceeding Average Ad Spend / Franchises in Quartile 71/198 (36%) 80/199 (40%) 76/199 (38%) 50/199 ** (25%) 272/795 (34%) Median Ad Spend $100,000 $51,000 $26,000 $0 ** $35,000 ”

      Note: Item 19 pp.62–63 give conflicting Bottom Quartile exceedance shares for the full group and the determinable subset. The pages do not settle which share supports this claim.

    • Item 19 · PDF p. 62 · 2026 FDD

      Our summary: Bottomquartile ExceededaverageGPDcount

      “TABLE 1 GROSS PRICE DIFFERENTIAL AND ADVERTISING SPEND BY QUARTILE FOR THE COVERED FRANCHISES FOR YEAR 2025 Top Quartile 2 nd Quartile 3 rd Quartile Bottom Quartile All Covered Franchises Average Gross Price Differential $1,654,823 $482,461 $161,922 $3,086 * $574,215 Number Exceeding Average Gross Price Differential / Franchises in Quartile 60/198 (30%) 88/199 (44%) 97/199 (49%) 26/199 * (13%) 258/795 (32%) Median Gross Price Differential $1,355,000 $452,590 $158,922 $0 * $286,884 Low Gross Price Differential $754,100 $288,525 $39,500 -$25,000 -$25,000 High Gross Price Differential $10,964,415 $744,990 $286,884 $38,000 $10,964,415 Average Ad Spend $139,462 $63,573 $38,417 $11,161 ** $63,057 Number Exceeding Average Ad Spend / Franchises in Quartile 71/198 (36%) 80/199 (40%) 76/199 (38%) 50/199 ** (25%) 272/795 (34%) Median Ad Spend $100,000 $51,000 $26,000 $0 ** $35,000 ”

      Note: Item 19 pp.62–63 give conflicting Bottom Quartile counts (26/199 in the table versus 16/27 in the footnote). The pages do not settle which count supports this claim.

    Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.