DALLAS--(BUSINESS WIRE)--America’s number one homebuyer, HomeVestors of America, has ranked for the sixth time on the annual Inc. 5000, the most prestigious ranking of the nation’s fastest-growing private companies. Representing a unique look at the most successful independent small businesses like HomeVestors, the list placed the original and only We Buy Ugly Houses® company at No. 4770 based on three-year revenue growth of 62 percent.
“After buying our 100,000th house this last year, we have continued growing, expanding into new markets and adding more independently owned and operated franchises,” said David Hicks, CEO of HomeVestors. “This repeat recognition by Inc. is a testament to the entrepreneurial spirit of our thousand-plus franchisees around the country that represent us every day by improving the communities they live in. We’ve built our brand over more than 20 years of promises kept with a strong model that helps homeowners needing a reliable and convenient way to sell their homes.”
Not only have the companies on the 2020 Inc. 5000 been competitive in their markets, but the list as a whole shows staggering growth compared to prior lists as well. The 2020 Inc. 5000 achieved an incredible three-year average growth of over 500 percent, and a median rate of 165 percent. The Inc. 5000’s aggregate revenue was $209 billion in 2019, accounting for more than 1 million jobs over the past three years.
“The companies on this year’s Inc. 5000 come from nearly every realm of business,” says Inc. editor-in-chief Scott Omelianuk. “From health and software to media and hospitality, the 2020 list proves that no matter the sector, incredible growth is based on the foundations of tenacity and opportunism.”
Houses HomeVestors® franchisees purchase are generally rehabbed, then sold or held as investment properties, helping to raise real estate values in the markets served and to 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, driving the ongoing multi-year growth reported by Inc.
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 eight years on the annual Dallas 100, and ranked 159th on the 2019 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 the Inc. 5000
The 2020 Inc. 5000 is ranked according to percentage revenue growth when comparing 2016 and 2019. To qualify, companies must have been founded and generating revenue by March 31, 2016. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2019. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2016 is $100,000; the minimum for 2019 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.
About Inc. Media
The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.
