Home Smiles
HomeSmiles is a franchise system that provides property maintenance services for residential and commercial properties, along with other approved services and products, using a proprietary system including designated sales centers, supplies, equipment, service vehicles, and materials. Franchisees operate under the HomeSmiles brand and marks, following confidential operations manuals, typically from a home-based administrative office if permitted by law. The business model grants exclusive territories to franchisees targeting residential and commercial property owners seeking maintenance solutions.
Disclaimer: This information was extracted using AI from public Franchise Disclosure Documents and should be independently verified. This is not financial or legal advice. Always review official FDD filings before making investment decisions.
Overview
Financial Requirements
6% royalty + 1% brand development fund + $650-$1,150/mo software licenses and technology fees
Franchise Stats
Financial Performance
Item 19 Financial Performance
Data Based On: Data for 2 operational franchised outlets open for the full 2023 Calendar Year, excluding one outlet not operating for a significant part of the year.
* Calculated average gross revenue, average gross profit, and average net profit (from 'Direct Gross profit after disclosed expense and Franchise related expenses') based on the sum of data for the two operational franchised outlets (Santa Clara County and Contra Costa County) and dividing by 2.
Extracted Item 19 Section
How Home Smiles Compares to Other Property Management Franchises
Key Insights
- Higher investment than 83% of Property Management franchises
- #3 largest franchise system in Property Management
| Franchise | Investment Range | Franchise Fee | Royalty | Locations |
|---|---|---|---|---|
Home Smiles Current | $153K - $200K | $60K | 6.0% | 77 |
| SOLA SALONS | $1.2M - $1.9M | $60K | 5.5% | 660 |
| ALL COUNTY | $86K - $118K | $59K | 7.0% | 78 |
| GRAND WELCOME | $68K - $170K | $49K | 8.0% | 62 |
| Keyrenter Property Management | $116K - $241K | $50K | 7.0% | 58 |
| SKYRUN; SKYRUN VACATION RENTALS | $105K - $154K | $55K | 5.0% | 41 |
Property Management Average 12 franchises | $214K - $405K | $41K | 6.5% | - |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 12 Property Management franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2023)
Outlets by state across the United States
+5 more states
Due Diligence
Litigation (Item 3)
No litigation involving franchisees reported in the FDD.
Bankruptcy (Item 4)
No bankruptcy history reported in the FDD.
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
How much does it cost to open a Home Smiles franchise?
The total initial investment to open a Home Smiles franchise ranges from $152,750 to $200,080. This includes a franchise fee of $59,500. Ongoing royalty fees are 6.0% of gross sales.
How much revenue does a Home Smiles franchise make?
According to the 2024 FDD, the average gross revenue for a Home Smiles franchise is $565,131.5.
How many Home Smiles franchise locations are there?
As of the 2024 FDD, Home Smiles has 77 franchise locations. The company has been franchising since 2019.
Is Home Smiles a good franchise to buy?
Home Smiles shows several positive indicators: transparent financial performance data (Item 19). However, franchise success depends on many factors including location, local market conditions, and owner involvement. We recommend speaking with existing franchisees and consulting with a franchise attorney before making a decision.
Interested in Home Smiles?
Talk to a franchise advisor to get personalized guidance and learn if Home Smiles is the right fit for you.
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