HomeVestors Ascends to Rank 30th on Entrepreneur Magazine’s 40th Annual Franchise 500®
DALLAS - (BUSINESS WIRE) - February 19, 2019 - HomeVestors has risen to rank 30th on Entrepreneur magazine’s 40th annual Franchise 500 based on the “We Buy Ugly Houses®” company’s outstanding performance in unit growth, financial strength, stability and brand power. Last year, HomeVestors ranked 37th on the list, on which any placement is considered a highly sought-after honor. More than 1,000 applications were submitted for the 2019 list, one of the most competitive rankings ever.
Key factors that go into evaluation for the Franchise 500 include costs and fees, size and growth, support, brand strength, and financial strength and stability. Each franchise is given a cumulative score based on an analysis of more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500 in ranking order. Over its 40 years, the Franchise 500 has become both a dominant competitive measure for franchisors, and a primary research tool for potential franchisees.
“We know the HomeVestors® and We Buy Ugly Houses® brands deliver tremendous opportunity and success for our more than 1,000 franchises,” said David Hicks, chief executive officer of HomeVestors. “But, we always appreciate the third-party credibility that being ranked on a respected list like Entrepreneur’s Franchise 500 does to reaffirm our leading industry position with both current and potential franchisees.”
With over 1,050 franchises in 168 markets nationwide, HomeVestors® independently owned and operated franchisees have purchased more than 95,000 houses since 1996, and average about 8,000 houses bought each year. The houses are deemed “ugly” in advertisements, with the term applying not just to their condition, but also to the situations sellers often see themselves in. Houses purchased are generally rehabbed, then sold or held as investment properties, helping raise real estate values and drive community revitalization.
To view HomeVestors in the Franchise 500, visit www.entrepreneur.com/franchise500. Results can also be seen in the January/February 2019 issue of Entrepreneur magazine.
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 95,000 houses bought since 1996. HomeVestors recruits, trains and supports its more than 1,000 independently owned and operated HomeVestors® 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 168 markets. The company ranked on the 2018 Inc. 5000, has appeared for 12 consecutive years on the prestigious Franchise Business Review's "Top Franchises,” and for six years on the annual Dallas 100. HomeVestors was also recognized in 2018 as the third fastest-growing franchise in America on the Franchise Times Top 200, as the 20th fastest-growing franchise by Entrepreneur Magazine, and in 2019 ranked 30th on Entrepreneur’s Franchise 500. For more information, visit www.HomeVestors.com.
SOURCE HomeVestors of America, Inc.