Franchise Deep Dive: Joe Homebuyer Franchise Costs, Fees, Profit and Data

Is this home-flipping franchise the real deal or is it just another fixer-upper in the real estate industry?

By Luca Piacentini1851 Franchise Managing Editor

7:07AM • 06/06/24

LAST UPDATED: June 2024

FRANCHISE WEBSITE: https://joehomebuyerfranchising.com/

NUMBER OF LOCATIONS: 48

REPORTED COST TO GET IN: $106,000 - $412,000

REPORTED ROI (Item 19): $672,687 (Average Single Territory Net Sales)

Joe Homebuyer is a real estate franchise that has developed a turnkey acquisition model that allows franchisees to buy, rehab and dispose of residential and sometimes commercial properties, catering to a broad audience, including distressed homeowners.

How Many Joe Homebuyer Locations Are There?

Joe Homebuyer was established in 2016 by Cody Hofhine and Mark Stubler with the aim of simplifying the real estate selling process for homeowners. The two soon saw that they had something special and launched the franchise in 2019 to expand to other markets. Today, the concept has expanded rapidly to include nearly 50 locations across the country.

What Is the Joe Homebuyer Business Model?

The Joe Homebuyer business model offers franchisees three distinct avenues for making money: buying homes off-market, fixing them and then selling or renting them out.

Since Joe Homebuyer franchisees don’t have to lease a brick-and-mortar location, keep a lot of inventory on hand or hire many employees, it’s an attractive opportunity for those interested in real estate that doesn’t require significant upfront capital. Franchisees benefit from a comprehensive support system, including marketing, training, and ongoing coaching.

How Much Can a Joe Homebuyer Owner Make?

The brand’s Item 19 outlines potential earnings as follows:

Overall Average Single Territory Net Sales: $672,687
Top 3rd Average Single Territory Net Sales: $1,615,691
Top Single Territory Net Sales: $2,772,143

How Much Does It Cost to Open a Joe Homebuyer?

The total investment necessary to start the operation of a Joe Homebuyer location ranges from $106,000 to $412,000.

What Is the Franchise Fee for Joe Homebuyer?

The Joe Homebuyer franchise fee is $50,000.

Who Is the Leadership of Joe Homebuyer?

What Helpful Articles Can I Read to Learn More about Joe Homebuyer?

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