HomeSmiles

HomeSmiles provides worldclass property maintenance and is the only company that does it all in a single service appointment with bundled pricing for consumer savings.

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HomeSmiles Franchise Cost and Requirements for 2024

Background

With a HomeSmiles franchise, every rooftop is a client! Every single piece of property in the world needs maintenance and HomeSmiles is the only company in the world that does it all in a single service appointment with bundled pricing for consumer savings. HomeSmiles is unique in that it is both a B2B and B2C company, with strong revenues from both market segment. Property maintenance is not a trend; it will never go out of style, so your client base grows from year to year with proven, strong recurring revenue.
What Sets HomeSmiles Apart As the Leading Home Servies Sector Franchise?
1. It's like buying 5 franchise in one! There are many franchises that do pieces of what we do, but no one that does it all. HomeSmiles' systems are highly efficient, highly optimized, and highly effective. We perform a full 18 Point home maintenance service that covers everything a property needs with 2 technicians in under 4 hours. With our bundled service pricing options, it's almost impossible for competitors to compete. Our cross-selling and upselling opportunities are endless.
2. Recurring revenue! There is nothing more powerful than an idea whose time has come! When people realize the power of HomeSmiles, they don't go anywhere else to take care of their property. When our customers realize that HomeSmiles puts their property on auto-pilot, they come back year over year. We have an over 90% annual reorder rate. This translates to recurring revenue.
3. No brick and mortar location required. You can run one of our franchises out of your home.
4. Not a trend, not a fad, and never going out of style. Many franchises can be very trendy and they will come and go, but property maintenance will never go out of style. Your bottom line and business will grow year over year with recurring revenue.
We have no competition. There are many businesses that do parts of what we do, but no one that does it all like HomeSmiles. Our competitive edge is astounding! We can cross-sell and upsell in areas where our competitors simply cannot compete. Our competitive edge of ease of use and bundled services make us the industry leader in the home services sector.

Company Details

Established: 2017
First Unit Franchised: 2020
Franchised Units: 103
Company Owned Units: 1
States Registered In: California - CA, Utah - UT
Canada Franchises: No
International Franchises: No

Support and Training Offered By HomeSmiles

Financial Assistance Provided: Yes
Site Selection Assistance: No
Lease Negotiation Assistance: No
Recruiting Assistance: Yes
Cooperative Advertising: No
Training:
For Sales and Admin, we have a 1 week in-person training in our corporate office. Van/Field training runs simultaneously at our corporate office. We also have an additional 2 days of sales training in your franchise area. Our Corporate Sales Representative will come alongside you to show you how to do meet & greets and provide leave-behind materials with decision makers at property management offices and real estate broker offices in your franchise area.

2024 Franchise Requirements Needed to Own a HomeSmiles Franchise.

What does a HomeSmiles Franchise Cost?

HomeSmiles franchise fees for 2024:

Total Investment: $152,750 - $200,080
Minimum Net Worth: $150,000
Franchise Fee: $59,500
Royalty: 6%
Ad: 1%
Item 19: Yes - Full P&L's
Average Number of Employees: 2
Visa Candidates: Yes
Passive Ownership: Yes
Home-Based: Yes
B2B: Yes
Master Franchise Opportunities: No
Veteran Discount: Yes - 10%

Is HomeSmiles a Semi Absentee Franchise with a Passive Ownership Opportunity?

Yes. HomeSmiles is a semi absentee franchise and allows passive ownership. A semi-absentee franchise is a business you could start and run while still maintaining a job or other obligation.

Is HomeSmiles a Home Based franchise?

Yes. HomeSmiles is a home based franchise opportunity.

What Do HomeSmiles Franchise Owners Make?

Click here to find out how much HomeSmiles franchisees make. HomeSmiles offers an Item 19 in their Franchise Disclosure Document which provides financial information about select franchisees in their franchise system.

Is HomeSmiles a Master Franchise Opportunity?

No. HomeSmiles is not a master franchise opportunity.

Does HomeSmiles Offer a Veteran Discount?

Yes. HomeSmiles franchise does offer a veteran discount.

Does HomeSmiles Work with E2 Visa and EB-5 Visa Candidates?

Yes. HomeSmiles franchise does work with E2 Visa and EB-5 Visa candidates.

Is HomeSmiles Looking for Franchisees in Canada?

No. HomeSmiles franchise is not looking for Canada franchisees.

Is HomeSmiles Looking for International franchisees?

No. HomeSmiles franchise is not looking for International franchisees.

Where can I see HomeSmiles's FDD (Franchise Disclosure Document)?

Buying a Franchise Guide: What is a Franchise Disclosure Document?

When evaluating a franchise opportunity, reading and understanding the current version of their FDD is a necessity. Considering the benefits of franchising, such as established brand recognition and support from the franchisor, it's important to also take into account franchise fees and franchising royalty fees. Since most franchisors are privately owned companies, the current versions of their FDDs are typically not available unless requested directly from them.

Click here to connect with a Franchise Consultant who can help you obtain a copy quickly and for free. They can also guide you through the essential franchise questions to ask, ensuring you make a well-informed decision about your investment.

Additional Information

Additional Categories

Home Services, Non Food Franchises

Number of Units Open

50-100 UNITS

Cash Required

$25,000 - $50,000

Master Franchise

No

Passive Franchise

Yes

Home Based Franchise

Yes

Item 19 Franchise

Yes

Veteran Discount

No

B2B

Yes

Franchise Opportunities in Canada

No

International Franchise Opportunities

No

E2 Visa Franchise

Yes

HomeSmiles Franchises for Sale

Click Here to inquire about existing HomeSmiles franchises for sale. We may have HomeSmiles franchise resales. A franchise resale is an already established franchise owned by a franchisee and the franchisee is looking to sell their franchise.

The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises. We do not represent all franchises listed here. By clicking on "Request a Consultation," you are agreeing to be contacted by one of our Certified Franchise Consultants to discuss franchise ownership.

About our rankings: The IFPG uses its internal data collected from our membership portal to identify which franchises had the most activity in the past week. This ranking system is not based on franchise sales, franchisee success rates or number of units open. Our ranking system should not be used to make a decision on which franchise to buy it was solely created for internal purposes and for our IFPG Members.