HomeVestors Named the Third Fastest-Growing Franchise in America
Annual Franchise Top 200+ Once Again Features the “We Buy Ugly Houses” Company, Also Naming it Among the Top Three Fastest-Growing Franchises in the Country
October 15, 2018 // Franchising.com // DALLAS - HomeVestors has made another repeat appearance on the Franchise Top 200+, published by Franchise Times. The “We Buy Ugly Houses®” company also ranked as the third fastest-growing franchise in America on the annual ranking of the 500 largest franchise systems in the United States.
After reaching 1,000 franchises last summer, HomeVestors went on to rank on the Inc. 5000 after delivering three-year revenue growth of 63 percent, and now, is named one of the three fastest-growing franchises in America based on sales growth of 28.8 percent. Franchise Times produces the list, widely considered the most credible and objective franchise-ranking available, after a five-month research and reporting effort.
“Every HomeVestors® franchisee in this country makes an incredibly valuable and personal contribution to our economy,” said David Hicks, CEO of HomeVestors. “We recognize that the strength of our brand’s success is rooted in the hard work and dedication of our independently owned and operated franchises across 164 markets. In fact, one of the biggest commitments we have as a franchise organization is to the training and mentoring of our franchises. We are reminded with every list we rank on that we’re putting our eggs in the right basket.”
According to this year’s Franchise Times 200+ report, the 200 largest U.S.-based franchisors grew their combined annual sales by more than $28.5 billion or 4.6 percent last year to $644.8 billion. The numbers represent a new high-water mark for the ranking.
HomeVestors began franchising in 1996 and is America’s largest home buyer, having purchased 85,000 houses as of early 2018. The houses are deemed “ugly” in advertisements, with the term applying not just to the condition, but also to the ugly situations sellers often find themselves in. Houses purchased by HomeVestors’ more than 1,000 franchisees are generally rehabbed, then sold or held as investment properties, helping raise real estate values in the markets served and drive community revitalization.
Complete results of this year’s Franchise Top 200+ can be viewed online.
About the Franchise Times Top 200+
The Franchise Times Top 200+® is the only ranking by systemwide sales and units of the largest 500 U.S.-based franchise brands. Published in the October issue and available in a searchable database online, the Franchise Times Top 200+ also analyzes industry sectors based on percentage change in sales growth, reports the 10 fastest-growing franchises by four different measures, and includes exclusive news stories about the biggest names in franchising. The rankings and full report, and the searchable online database, are available at www.franchisetimes.com.
About HomeVestors of America, Inc.
Dallas-based HomeVestors of America, Inc. is the largest professional house buying franchise in the U.S., with more than 85,000 houses bought since 1996. HomeVestors® recruits, trains and supports its more than 1,000 independently owned and operated franchisees that specialize in building businesses based on buying, rehabbing, selling and holding residential properties. Most commonly known as the "We Buy Ugly Houses®" company, HomeVestors strives to make a positive impact in each of its communities. In 2017, for the 12th consecutive year, HomeVestors was among the prestigious Franchise Business Review's "Top Franchises,” and ranked on the annual Dallas 100 for the sixth time. HomeVestors was also recognized as the 20th fastest growing franchise by Entrepreneur Magazine, number 37 on the Franchise 500 by Entrepreneur Magazine, number 179 on the Franchise Times Top 200+, and on the Inc. 5000. For more information, visit www.HomeVestors.com.
SOURCE HomeVestors of America, Inc.