HomeVestors Earns Accolades as it Marks 25 Years of Buying Ugly Houses
The Original “We Buy Ugly Houses” Company that Helped Launch an Industry Celebrates a Quarter Century of Improving Communities One House at a Time
DALLAS - (BUSINESS WIRE) - September 08, 2021 - HomeVestors has been ranked third in the first-ever list of Top Part-Time Franchises from Entrepreneur, marking the company’s significant impact on the franchise industry over 25 years of buying ugly houses. One of the early pioneers in the professional real estate investor industry, the We Buy Ugly Houses® company today drives local revitalization in 176 markets nationwide.
Before “Fixer Upper®” and the Wall Street-backed iBuyers, HomeVestors was recruiting and training its franchises to recognize the potential in houses traditional buyers might not consider. The model not only gave sellers more options, especially in the case of distressed properties, but it also drove the reintroduction of valuable real estate assets to neighborhoods, helping support revitalization and an affordable housing supply.
“Some in the industry talk about house flipping, but we don’t like to think of what we do in those terms because our franchises take a deeper approach, helping make homes that will be loved for years to come,” said David Hicks, CEO of HomeVestors. “When we started, not a lot of people recognized the latent potential sitting in neighborhoods nationwide that some elbow grease couldn’t fix. Today, we’re proud of the legacy we’ve built through our franchisees, some of whom have been with us since we started franchising in 1996.”
To qualify for the Entrepreneur ranking, HomeVestors had to indicate that a franchisee owner-operator could run their independent business on a part-time basis, using less than 40 hours a week. Qualifying companies were then ranked based on how they scored when run through Entrepreneur’s Franchise 500 formula, which evaluates franchise opportunities based on 150-plus data points like costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.
“Not every business has to consume your life,” said Jason Feifer, editor-in-chief of Entrepreneur. “To prove that point, we’re excited to showcase the top franchises that fit neatly into a flexible lifestyle. If you’re looking for the thrill and benefits of independent business ownership but are also juggling other obligations in your life, this list is a perfect place to start.”
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