HomeVestors has ranked no. 3103 on the 37th annual Inc. 5000, the most prestigious ranking of the nations fastest-growing private companies. The We Buy Ugly Houses company earned its position on this years highly competitive list after experiencing three-year revenue growth of 63%.
We just welcomed our 1000th franchise, a growth milestone we reached only nine years after we had just 165 independently owned and operated franchises, said David Hicks, CEO of HomeVestors. Today, were in 164 markets. That kind of growth comes with having a successful model and the impressive entrepreneurial spirit of our franchises, who we train and mentor, then support by both protecting their brand and helping them generate leads.
According to the magazine, the list as a whole shows staggering growth compared with prior years. The 2018 Inc. 5000 achieved an astounding three-year average growth of 538.2 percent, and a median rate of 171.8 percent. The Inc. 5000s aggregate revenue was $206.1 billion in 2017, accounting for 664,095 jobs over the past three years.
HomeVestors, which began franchising in 1996, is Americas largest home buyer, having purchased 85,000 houses as of early 2018, and averaging about 8,000 houses purchased each year. The houses are deemed ugly in advertisements, with the term applying not just to condition, but also to the ugly situations sellers may find themselves in. Houses purchased by HomeVestors franchisees are generally rehabbed, then sold or held as investment properties, helping raise real estate values in the markets served and helping drive community revitalization.
Complete results of the Inc. 5000 will appear in the September issue of Inc., and can also be found at www.inc.com/inc5000.
About Inc. Media
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for todays innovative company builders. Inc. took home the National Magazine Award for General Excellence in both 2014 and 2012. The total monthly audience reach for the brand has been growing significantly, from 2,000,000 in 2010 to more than 18,000,000 today. For more information, visit www.inc.com.
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 85,000 houses bought since 1996. HomeVestors recruits, trains and supports its more than 1,000 independently owned and operated 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 communities. In 2017, for the 12th consecutive year, HomeVestors was among the prestigious Franchise Business Review‘s “Top Franchises, and ranked on the annual Dallas 100 for the sixth time. HomeVestors was also recognized as the 20th fastest growing franchise by Entrepreneur Magazine, number 37 on the Franchise 500 by Entrepreneur Magazine, and number 200 on the Franchise Times Top 200. For more information, visit www.HomeVestors.com.