HomeVestors of America, the original and only We Buy Ugly Houses® company, has ranked 16th on Entrepreneur magazine’s first ever Top Growth Franchises list. Recognizing the 150 companies with the greatest positive franchise unit growth in North America over a three-year period, the Top Growth Franchises list is based on data submitted for Entrepreneur’s Franchise 500® ranking.
“We purchased our 100,000th house this last year, further cementing our position as America’s number one homebuyer,” said David Hicks, CEO of HomeVestors®. “Our continued growth shows not only the strength of our model, but also the entrepreneurial spirit of the thousand-plus hardworking independently owned and operated franchisees around the country that represent us every day by improving houses, and ultimately, communities. We’ve built our brand over more than 20 years of promises kept to homeowners needing a reliable and convenient way to sell their homes.”
Houses HomeVestors® franchisees purchase are generally rehabbed, then sold or held as investment properties, helping to raise real estate values in the markets served and to drive community revitalization. When they join the organization, franchisees are trained and supported by the company, mentored by seasoned Development Agents, and then supported with qualified leads.
“By maintaining steady, sustained growth over several years, these franchises have demonstrated that they have the systems in place to support their franchisees and help them become successful,” says Jason Feifer, Entrepreneur’s editor-in-chief. “Now as these and other companies around the country face unprecedented challenges, they may see their growth slow, but that record of success could prove more important than ever.”
To determine the 2020 Top Growth Franchises ranking, Entrepreneur looked at each company’s U.S. and Canadian franchise numbers over a three-year period (from July 2016 to July 2019; given the rapid changes, COVID-19 impacts weren’t taken into account). In order to qualify, companies had to have positive growth of at least five units each year. They were ranked based on a formula that considers their total positive U.S. and Canadian franchise growth over the three years as well as factors that negatively affect growth, such as terminations, nonrenewals, and other closures.
HomeVestors of America can be viewed in the Top Growth Franchises ranking available in the September issue of Entrepreneur, or at entrepreneur.com/franchises/topgrowth.