DALLAS--(BUSINESS WIRE)--HomeVestors, the original “We Buy Ugly Houses®” company, has appeared for the ninth year on the Dallas 100™, and ranked 94th on the annual Franchise Times 200. The Dallas 100’s fall release of the top 100 company names comprised annually by the SMU Cox Caruth Institute for Entrepreneurship is a precursor to the expected spring 2021 release ranking the top 100 fastest-growing North Texas entrepreneurial companies. In 2019, HomeVestors ranked 13th on the Dallas 100.
“We’ve become America’s number one home buyer through the local efforts of our more than 1,100 independently owned and operated franchises in 176 markets nationwide, but this recognition over the course of nearly a decade in our hometown is an affirmation of that model,” said David Hicks, chief executive officer of HomeVestors. “Coupled with another appearance on the Franchise 200, this time in the top 100, we’re honored to be recognized after a challenging year in which we maintained our commitment to buying houses from homeowners in difficult situations.”
Houses HomeVestors® franchisees purchase are generally rehabbed, then sold or held as investment properties, helping raise real estate values in the markets served and 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. In 2020, HomeVestors adjusted during lockdown to purchase homes through virtual consultations and in-person, where allowed, in masks and with social distancing. In addition to closing on existing offers, the company kept writing new purchase contracts.
For 30 years, the Dallas 100 has honored the ingenuity, commitment, and perseverance of North Texas’ entrepreneurial businesses. It places the spotlight on their economic contributions by ranking the top 100 entrepreneurial companies based on percentage growth and absolute dollar growth over the previous three years. For this year’s Franchise 200, the 200 largest U.S.-based franchisors grew their combined annual sales by more than $30 billion or 4.5 percent last year, to $702.9 billion, with most categories seeing across-the-board gains from the previous year.
About HomeVestors of America, Inc.
Dallas-based HomeVestors of America, Inc. is the largest professional house buying franchise in the U.S. with more than 100,000 houses bought since 1996. HomeVestors recruits, trains and supports its more than 1,100 independently owned and operated HomeVestors® franchisees that specialize in building businesses based on buying, rehabbing, selling, and holding residential properties. Most commonly known as the "We Buy Ugly Houses®" company, HomeVestors strives to make a positive impact in each of its 176 markets. The company ranked on the 2019 Inc. 5000, has appeared for 12 consecutive years on the prestigious Franchise Business Review's "Top Franchises”, for nine years on the annual Dallas 100, and ranked 94th on the 2020 Franchise Times Top 200 Franchise Chains by Worldwide Sales. HomeVestors has also been regularly recognized by Entrepreneur Magazine, which most recently ranked it 16th “Top Growth Franchise”, named it as one of the top 200 franchises of 2020, and placed it at number 30 on its annual Franchise 500. For more information, visit www.HomeVestors.com.
About SMU Cox
In 2020, the Cox School of Business celebrates 100 years of business education at SMU. The Cox School of Business is committed to influencing the way the world conducts business via prolific research that provokes innovation, change and global thought leadership. SMU Cox offers a full-range of business education programs including BBA, Full-Time MBA, Professional MBA (part-time), Executive MBA, Cox MBA Direct, Online MBA and Master of Science degree programs, as well as Executive Education. Consistently ranked among the world’s leading business schools, SMU Cox maintains an active alumni network globally. SMU Cox is accredited by AACSB.
About the Franchise Times Top 200+
The Franchise Times Top 200+® is the only ranking by systemwide sales and units of the largest 500 U.S.-based franchise brands. Published in the October issue and available in a searchable database online, the Franchise Times Top 200+ also analyzes industry sectors based on percentage change in sales growth, reports the 10 fastest-growing franchises by four different measures, and includes exclusive news stories about the biggest names in franchising. The rankings and full report, and the searchable online database, are available at www.franchisetimes.com/Top200.