HomeVestors
Franchise research report · reviewed 2026 disclosure data
Researching HomeVestors franchise opportunities? Every figure below is cited to the FDD.
HomeVestors franchise operates under the "We Buy Ugly Houses" brand, purchasing distressed residential properties for renovation and resale in markets across th
Headline figures
HomeVestors quick facts
- Is HomeVestors a franchise?
- Yes. HomeVestors offers franchises through a Franchise Disclosure Document. At the end of 2024, it reported 981 franchised and 22 company-owned outlets (2025 FDD, Item 20, PDF p. 64).
- How much does it cost to open a HomeVestors franchise?
- The HomeVestors Franchise Disclosure Document reports an estimated initial investment of $150,000–$477,250 (2026 FDD, Item 7, PDF p. 24). This 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
- How many HomeVestors locations are there?
- The FDD reports 1,003 outlets at the end of 2024 (2025 FDD, Item 20, PDF p. 64). Existing locations do not indicate territory availability. Details
- Is HomeVestors a good franchise to buy?
- Franopolis does not rate or recommend franchises. From the reviewed FDD: Item 19 includes financial performance figures; check which locations and period they cover; Item 20 lists outlet openings, closures and transfers; Item 6 includes a brand or advertising fund contribution on top of royalty; Item 20 also lists current and former franchisees you can contact. Review the full FDD with a franchise attorney and accountant before deciding.
From reviewed FDD figures only. Not a recommendation or projection.
What the disclosures show
- 1Opening costs are estimated at $150,000 – $477,250 in the 2026 FDD (Item 7); several initial fee options apply.
- 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 Franchised locations; other measures for 27 Franchised locations; other measures for Franchised locations; other measures for Franchised locations; other measures for 795 Franchised locations; other measures for Franchised locations. They are not combined.
- 3Outlets declined by 89 in 2024, to 1,003 (Systemwide, as labeled in the FDD, Item 20).
From reviewed FDD figures only. Not a recommendation or projection.
HomeVestors head-to-head
Closest peers in the same subcategory, side by side from reviewed FDD figures. Not a ranking or recommendation.
Costs · Items 5–7
What does it cost to open?
Estimated opening costs and the fees payable to the franchisor.
Startup Investment — Item 7
Total estimated initial investment
2026 FDD · Item 7 · PDF p. 24
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.
199 locations
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.
These groups are never combined.
Outlet Changes — Item 20
How has the outlet count changed?
Systemwide, as labeled in the FDD · counts as of 2024 of each year.
2026 FDD · Item 20 · PDF p. 64
Net −144 outlets, 2022–2024
Year-end counts reported in Item 20. The scale starts at zero; the labels between the dots show each year's change. Openings and closures for 2024 haven't been pulled from the Item 20 tables yet, so no turnover or churn is shown.
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 ($150,000 – $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?
Reported units decreased from 1,092 to 1,003 in 2024. What drove the change?
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]Estimated initial investment — Item 7 · PDF p. 24
- [2]Item 19 — Locations counted not stated in the reviewed record — 3rdquartile · PDF p. 62
- [3]Item 19 — Locations counted not stated in the reviewed record — Topquartile · PDF p. 62
- [4]Item 19 — Locations counted not stated in the reviewed record — Allcovered · PDF p. 62
- [5]Item 19 — Locations counted not stated in the reviewed record — 2ndquartile · PDF p. 62
- [6]Item 19 — Locations counted not stated in the reviewed record — Bottomquartile · PDF p. 62
- [7]Item 19 — Locations counted not stated in the reviewed record — Bottomquartileactuallyadvertisedsubgroup · PDF p. 63
- [8]Item 19 — Locations counted not stated in the reviewed record — Northeastcoveredfranchises · PDF p. 63
- [9]Item 19 — Locations counted not stated in the reviewed record — Bottomquartilepropertiessoldsubgroup · PDF p. 62
- [10]Item 19 — Locations counted not stated in the reviewed record — Midwestcoveredfranchises · PDF p. 63
- [11]Item 19 — Locations counted not stated in the reviewed record — Southcoveredfranchises · PDF p. 63
- [12]Item 19 — Locations counted not stated in the reviewed record — Coveredfranchises full12months · PDF p. 62; PDF p. 61
- [13]Item 19 — Locations counted not stated in the reviewed record — Westcoveredfranchises · PDF p. 63
- [14]Outlet counts — Item 20, Table 1 · PDF p. 64
"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 year | Measure | Reported value |
|---|---|---|
| 2025 | balance sheet total assets | $34,889,566 |
| 2025 | balance sheet income taxes payable to parent | $1,000,693 |
| 2025 | balance sheet notes receivable, net | $288,192 |
| 2025 | balance sheet accrued expenses and other current liabilities | $11,342,457 |
| 2025 | income statement franchise sales | $4,129,725 |
| 2025 | balance sheet deferred contract costs, noncurrent portion | $2,907,491 |
| 2025 | income statement advertising fees and marketing fund revenues | $5,193,751 |
| 2025 | balance sheet total liabilities | $22,700,910 |
| 2025 | income statement franchise operations franchise fees | $24,182,232 |
| 2025 | cash flow depreciation and amortization of property and equipment | $177,327 |
| 2025 | income statement cost of revenues franchise operations development agent costs | $5,784,640 |
| 2025 | cash flow contract liabilities | -$1,652,105 |
These figures describe the franchisor company, not individual franchise locations.
What changed from 2025 to 2026
- Estimated initial investment: $150,000 – $477,250 → $150,000 – $477,250
- Franchise fee: $85,000 → $20
- System size: 1,092 → 1,003 units
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.
Related research
Brands in the same subcategory first, then the wider industry, ordered by shared business format, overlapping investment range, Item 20 outlet count and search interest. This is not a ranking or recommendation.
Red Barn
Coldwell Banker Real Estate LLC
Century 21 Real Estate, LLC.
HomeVestors of America
Sotheby’s International Realty
NextHomeHead-to-head comparisons
At a glance
Business history
Not reviewed
Owner participation
Not reviewed
Territory language
Litigation disclosure
Not reviewed
Bankruptcy disclosure
Not reviewed
Agreement term
Not reviewed
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 6 · PDF p. 15 · 2025 FDD
Our summary: Associate Royalty Fee: Greater of 2% of Sales Price or $500
“Greater of (i) two percent (2%) of the Sales Price for each Sale Transaction, Hold Transaction, Assignment Transaction and Delayed Sale Transaction ... or (ii) Five Hundred Dollars ($500)”
Note: The cited text cannot be located in the supplied excerpt.
Item 6 · PDF p. 23 · 2025 FDD
Our summary: Loan Origination Fee: Currently up to 3% with $2,000 minimum; affiliate may charge up to 5%
“Currently up to 3% of loan amount, with a $2,000 minimum ... They may charge up to 5% of the loan amount.”
Note: The cited text cannot be located in the supplied excerpt.
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.
Item 20 · PDF p. 64 · 2025 FDD
Our summary: Company-Owned 2022: 0 → 3
“Company-Owned 2022 0 3 +3”
Note: The supplied excerpt does not establish the cited Table 1 systemwide row.
Item 20 · PDF p. 64 · 2025 FDD
Our summary: Company-Owned 2024: 10 → 22
“Company-Owned 2024 10 22 +12”
Note: The supplied excerpt does not establish the cited Table 1 systemwide row.
Item 20 · PDF p. 64 · 2025 FDD
Our summary: Franchised 2024: 1082 → 981
“Franchised 2024 1082 981 -101”
Note: The supplied excerpt does not establish the cited Table 1 systemwide row.
Item 20 · PDF p. 64 · 2025 FDD
Our summary: Franchised 2023: 1144 → 1082
“Franchised 2023 1144 1082 -62”
Note: The supplied excerpt does not establish the cited Table 1 systemwide row.
Item 20 · PDF p. 64 · 2025 FDD
Our summary: Company-Owned 2023: 3 → 10
“Company-Owned 2023 3 10 +7”
Note: The supplied excerpt does not establish the cited Table 1 systemwide row.
Item 20 · PDF p. 64 · 2025 FDD
Our summary: Franchised 2022: 1154 → 1144
“Franchised 2022 1154 1144 -10”
Note: The supplied excerpt does not establish the cited Table 1 systemwide row.
Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.