HomeSmiles Franchise Review


HomeSmiles is a Franchise Grade Made The Grade™ franchise, which means it's ranked highly by our analysts!
Franchise Facts
HomeSmiles is a property management service that offers both individual unit franchises and development options.How much does a HomeSmiles franchise cost?
HomeSmiles has a franchise fee of up to $59,500, with a total initial investment range of $152,750 to $200,080.- Initial Franchise Fee: $59,599 to $59,500
- Total Investment: $152,750 to $200,080
- Working Capital: $30,200 to $46,080
- Royalty Fee: 6.0%
The initial cost of a franchise includes several fees -- Unlock this franchise to better understand the costs such as training and territory fees.
How much does a HomeSmiles franchise make?
Franchise revenue and profits depend on a number of unique variables, including local demand for your product, labor costs, commercial lease rates and several other factors. We can help you figure out how much money you can make by reviewing your specific situation. Please unlock this franchise for more information.How many franchise locations do they have?
As of the 2024 Franchise Disclosure Document, there are 77 franchised HomeSmiles locations in the USA.Are there any HomeSmiles franchise opportunities near me?
Based on 2024 FDD data, HomeSmiles has franchise locations in 20 states. The largest region is the South with 42 franchise locations.AL
CA
CO
FL
GA
ID
IL
KS
MI
MO
NC
NJ
NV
OH
OR
PA
SC
TN
TX
VA
This franchise is expanding into new markets and might be available near you. One of our franchise experts will have detailed knowledge about this brand. Unlock to learn more and connect with our experts.
Last Reviewed: 2024
Category: Repair and General Maintenance
HomeSmiles Franchise Stats
Total Investment
$152,750 - $200,080
Franchise Fee
$59,599 -
$59,500
Franchise Agreement
Initial Term
10 Years
10 Years
Renewal Term
10 Years
10 Years
Franchisee Outlet Growth
2017
0
0
2023
77
77
Ongoing Fees
Royalty
6.0%
6.0%
Ad Fees
1.0%
1.0%
# of Franchised Outlets
77
Additional Questions
Do they provide any initial training and opening assistance?
Yes, they have an initial training program of 80 hours. This includes 40 hours of classroom training and 40 hours of on-the-job 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 |
Do they offer Territory Rights?
HomeSmiles offers territory protections. For an explanation of territorial rights, unlock this franchise for important details.Do they provide Veteran or First Responder Discounts?
Yes, unlock to find out the amount of the discount.When did they begin franchising?
They began franchising in 2018. The average Repair and General Maintenance franchise began franchising in 2009.Do they offer financing support?
No, but you can click here to fill out our affordability calculator and understand your financing options.
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- What are the historical franchisee revenues?
- Do they have any lawsuits?
- Do they have computer and technology support in place?
- Do they provide Minority Discounts?
- Do they use public figures to promote their franchise?
- Do they disclose any bankruptcies?
- Are they affiliated with any other franchise brands?
- How many new outlets have they sold in the last 5 years?
- How many franchised outlets have closed in the last 5 years?
- How many franchised outlets have terminated in the last 5 years?
- Do they operate any company or affiliate outlets?
- How long is their initial term length?
- How do they solve franchisee disputes?
- Are you required to work in the outlet or is this a passive investment opportunity?
- Do they provide discounts for buying more than one franchise?
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