HomeVestors to Award Franchises in Canada

HomeVestors®, the company famous for its "We Buy Ugly Houses"® billboards, has announced that it will begin awarding Franchises in Canada.  It marks the first-ever international expansion for America’s largest home buyer.

“As the credit crisis extends beyond our country’s borders so does the need for a reputable solution to people’s real estate problems,” said John Hayes, president and CEO of HomeVestors.  “That is why we intend to grow our Franchise network to meet a growing demand for investors.  Canada is that first step.”

“We project to add as many as 1000 full-service and associate franchisees in Canada,” said Jason Killough, vice president of development for HomeVestors. “We already communicate with real estate investors in the country on a regular basis.  And we agree that the HomeVestors franchise model will translate well in the Canadian housing market.

Ranked as one of the fastest-growing companies in the real estate industry, HomeVestors is the only national franchise that specializes in buying, rehabbing and selling single-family homes. The company currently has more than 210 franchise locations serving 35 states that have purchased more than 37,000 homes.

HomeVestors will award full-time franchises as well as home-based franchises, or associate franchises, in Canada.  The franchise fee for a HomeVestors franchise is $49,500 and requires operators to open an office and be a full-time real estate investor.  The franchise fee for an associate franchise is $12,000 and allows operators to work from home as a part-time franchisee, invest on a smaller scale and still keeping one’s day job. 

About HomeVestors®:
Founded in 1989 and Franchising since 1996, Dallas-based HomeVestors®, has more than 210 franchises throughout the United States. The first Franchise Company of its kind, HomeVestors® trains and supports franchisees who specialize in buying homes in need of repair. Most commonly known as the "We Buy Ugly Houses"® franchise, HomeVestors® strives to make a positive impact in each community.