What does Vestus offer in a franchise?
Vestus offers new franchise owners a full service foreclosure investment business franchise. This opportunity means that your office would be able to locate, educate and motivate investors in foreclosed properties and provide complete support to those investors in identifying, acquiring, processing and deploying the properties they acquire.
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What is the total investment to open a Vestus franchise office?
The total investment ranges from $101,500 to $2,188,300, which includes a standard initial franchise fee of $25,000. The largest part of the investment is the Territorial Fee, ranging from $50,000 to $2,000,0000. Vestus will finance up to 75% of that fee for up to three years.
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How many people will I need to operate my Vestus franchise?
During start-up, the franchisee or Managing Owner if the franchisee is a legal entity, one additional key manager and an administrator will be sufficient. The Vestus business scales well and you will quickly be adding additional staff to support the investors with whom you begin to associate, but most of the staff will be compensated to a large extent on a commission or other similar basis. In a larger market, the franchisee may have as many as 15 employees while in the smaller markets, where the franchisee may be more directly involved in managing the different segments of the business model, 4 or 5 employees may be sufficient.
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What type of financing programs does Vestus offer?
Besides the financing of the Territorial Fee, Vestus facilitates access to third party short term “hard money” lenders that provide the funds to the Vestus investors for purchase of the distressed properties and re-financing lenders that provide longer term financing for investors whose strategy includes holding for income and appreciation.
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What type of ongoing support can I expect from Vestus?
Once you become a franchisee, our experienced field support staff will be assigned to assist you in the pre-opening process for your new business. After completing initial training at Vestus’ corporate offices in Bellevue, WA and hiring your new staff, your assigned representative will conduct Opening and Post-Opening Training in your new office. Each time you master a business segment, we will schedule you for training in an additional segment. That training will occur either in a corporate office, your office or in some cases both.
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Does Vestus offer franchisees the opportunity to operate multiple locations?
Yes. Most markets that we have chosen to serve will consist of more than one county. Since our exclusive territories generally consist of one county there may well be more than one franchise awarded in each market. If you are operating successfully in your initial Territory and are otherwise qualified we will consider you for the franchise in any other county in your market that we believe can support a Vestus franchise.
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Why should I choose a Vestus Franchise vs. other similar franchises?
At the moment, while there are numerous other sites offering market relevant data and information about foreclosures on a subscription basis, Vestus is the only franchise offering a full service, “boots on the ground” investor service franchise. But, why choose a Vestus franchise at all? Before the “sub-prime mortgages” and before the “credit meltdown” there were foreclosures. The foreclosure business has never had to mature because it was not main stream in the real estate industry so there was little interest. Vestus is helping to bring the foreclosure business into the mainstream by providing reliable data, expert advice, one to one support and support services to investors who are looking for opportunities to enter the real estate market in a reasonable, reliable and profitable way.
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Is this the “right” time to be entering into the foreclosure industry?
Read any paper. Listen to any news cast. Join in any conversation about the economy. When could there be a better time?
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Why should I choose to franchise rather than opening independently?
Many entrepreneurs choose franchising over independent ownership because they are able to immediately be in business for themselves without having to create entirely new business processes. Vestus franchisees enjoy the benefit of a proven business model and operating system, marketing and public relations, training and continuing education, and six revenue streams. But remember, to receive the full benefit of the Vestus brand, it is crucial that you follow the Vestus System. This will minimize risk and maximize your opportunity. Find out more about the Vestus brand, business model and support system.
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How do I get more information about Vestus franchise opportunities?
Fill out the Tell Us About Yourself form and a Vestus representative will contact you within two business days.
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