Joe Homebuyer
Real Estate & Property · Real Estate Investment
- Active units
- 62
- Avg unit volume
- $485k
- Royalty
- 9.0%
Franchised, year-end 2024
of weekly Net Sales
About Joe Homebuyer
Detailed brand overview is not available yet for this profile.
Key terms
- Franchise fee
$50k
- Second territory executed at same time
$25,000 for the second agreement when two territories are executed contemporaneously
- Brand fund
200.0% of Net Sales
- Local advertising
5000.0% of Net Sales
- Footprint
150 – 300 sq ft
- Veteran discount
10.0% off franchise fee — 10% discount to Initial Franchise Fee
Brand Percentile Rankings
Growth
- Total locations62
Franchised units open at year-end
- New openings10
Gross new units opened during the calendar year
- 1-year unit growth rate-1.6%
Net unit growth versus prior year
- 3-year unit CAGR0.8%
Compound annual growth rate of unit count over the trailing 3 years
- Unit growth ratio0.5×
Cumulative opens / closures through year-end
Unit economics
- Annual unit volume (Median)$485k
Figure is 2024 average Net Sales for 39 franchisees (excludes affiliate). Net Sales are after direct property costs and exclude operating expenses and fees.
- Annual unit volume (25th percentile)$46k
Net Sales are derived from all transactions after deducting direct property costs and exclude standard operational expenses and fees. Based on 39 franchises op…
- Annual unit volume (75th percentile)$722k
Net Sales are derived from all transactions after deducting direct property costs and exclude standard operational expenses and fees. Based on 39 franchises op…
- 1-year Median AUV growth rate—
Year-over-year change in median AUV
- Store-level EBITDA Margin—
Median unit-level EBITDA / AUV
Investment profile
- Estimated initial investment$288k
Midpoint of estimated initial investment range
↓ Lower is better - Time to open90 months
Midpoint of average time from agreement to opening
↓ Lower is better - Royalty rate9.0%
Percent of net sales paid to the franchisor
↓ Lower is better - Sales-to-investment ratio1.7×
Median AUV / estimated initial investment midpoint
- Cash-on-cash returns—
Median unit-level EBITDA / estimated initial investment midpoint. Steady-state estimate; year 1 returns will be lower as the unit ramps to median volumes.
Franchisee healthLocked
- Unit closure ratio
- Transfer vs. closure ratio
- Percent multi-unit franchisees
- Litigation rate
- EBITDA multiple on sales & transfers
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Location footprint
Showing 115 of 191 mapped locations
Sources
Financial and operating figures are sourced from the brand's Franchise Disclosure Documents. Brand percentile rankings are based on comparisons to other brands that include the same metrics in their Franchise Disclosure Documents.