HomeSmiles Franchise Review
HomeSmiles is a Franchise Grade Made The Grade™ franchise opportunity, which means it's ranked highly by our research team.
Franchise Details
HomeSmiles is a property management service that offers both individual unit franchises and development options.
How much does a HomeSmiles franchised business cost to open?
HomeSmiles has a franchise fee of up to $45,000, with a total initial investment range from $147,250 to $186,580.
- Initial Franchise Fee: $45,000
- Total Investment: $147,250 to $186,580
- Working Capital: $56,200 to $71,080
- Royalty Fee: 8.0%
The upfront cost of any franchise includes multiple fees. Explore this franchise opportunity to better understand the initial costs required to purchase a HomeSmiles, such as territory fees, leasehold improvement costs, grand opening advertising, and equipment purchases. As a reminder, franchise companies must to provide you with details about all initial fees. These are not only fees that are actually paid, but also commitments to fees you are required to pay.
Can you Afford an HomeSmiles Franchise. Complete our Affordability Calculator to find out!
How much can I earn by owning a HomeSmiles franchised business?
As with any new investment opportunity, the franchise owner's income and the revenue from a HomeSmiles franchise depends on a variety of factors. One way to validate the potential revenues or profits generated from a HomeSmiles franchise investment is to analzye the franchisor's Item 19 within their Franchise Disclosure Document. Typically, profits and owner's income are correspond to the size of the investment and number of locations you buy. Demand for your products, your labor costs, commercial lease rates and a number of other variables also play a huge role in your bottom line and your personal income
For more details and system-specific data on the revenue of a HomeSmiles franchise, unlock this franchise opportunity
How many franchise locations does HomeSmiles franchise have?
As of the 2021 Franchise Disclosure Document, there are 6 franchised HomeSmiles locations across the USA.
Did you know there are over 3,000 franchise opportunities across the United States. More than 80% have less than 10 locations.
Are there any HomeSmiles franchises in my area?
Based on 2021 FDD information, HomeSmiles has franchise locations in 2 states. There could be no locations in several states as each franchise company maps out their growth strategy differently.
Based on the data collected this franchise opportunity is growing into new cities and could be available near you.
One of our franchise advisors will have detailed knowledge about this franchised business. Unlock to learn more and connect with our researchers.
Last Reviewed: 2021
Sector: Commercial and Residential Services
Category: Repair and General Maintenance
HomeSmiles Franchise DATA
10 Years
10 Years
0
6
8.0%
1.0%
FAQS
Does this franchise provide any initial training and opening assistance?
Yes, they have an initial training program of 80 hours. This includes 40 hours of classroom training, 40 hours of on-the-job training, and 0 hours of online training. In their FDD they outline who's in charge of the training. Unlock to find out more.
| Online | 0 |
|---|---|
| On-the-Job | 40 |
| Classroom | 40 |
| Total | 80 |
Does this franchise offer Territory Protections?
HomeSmiles offers territory protections. For an explanation of territory rights, unlock this franchise opportunity for more details.
Do they have marketing and technology support in place?
Yes, HomeSmiles offers comprehensive support for franchisees. Unlock this franchise to find out more.
When did HomeSmiles start franchising?
They began franchising in 2018. The average Repair and General Maintenance franchise began franchising in 2008.
Does HomeSmiles offer lending support?
No, but you can click here to fill out our affordability calculator and understand your financing options.
Unlock this franchise for instant access to our research findings, including:
- Growth analysis
- Turnover analysis
- Financial details
- Initial and renewal terms
- Royalties and ongoing fees
- Important Franchise FAQs
- Our grade and free access to consult with a franchising expert
- How much do franchise owners historically make?
- Do they provide Veteran or First Responder discounts?
- Do they use public figures to promote their franchise?
- Do they disclose any bankruptcies?
- Is this franchise related with any other franchise brands or private equity investment groups?
- How many new locations have they sold in the last 5 years?
- How many franchised locations have closed in the last 5 years?
- How many new outlets have they sold in the last 5 years?
- How many franchised locations have terminated in the last 5 years?
- Do they operate any corporate or affiliate owned locations?
- What is their initial and renewal term lengths?
- Do they have any lawsuits?
- How long have they been franchising?
- Are they actively selling franchises across the United States?
- How are the royalty, advertising and marketing funds administered and managed by the franchisor?
- How are territories defined?
- What support can you expect to receive from the franchisor?
- Why has new franchise outlet growth been so high?
- What are the financial requirements to be approved as a franchisee in this brand?
- Are you required to work in the outlet or is this a passive franchise opportunity?
- Will they refund the franchise fee under certain circumstances?