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Below is an in-depth analysis and side-by-side comparison of World Inspection Network vs Property Damage Appraisers including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $27,425 - $39,985 | $75,888 - $653,425 |
Franchise Fee | $15,675 - $20,900 | $50,000 - $600,000 |
Royalty Fee | 7% | 15% |
Advertising Fee | - | - |
Year Founded | 1993 | 1963 |
Year Franchised | 1994 | 1963 |
Term Of Agreement | 10 years | 3 years |
Term Of Agreement | 10 years | 3 years |
Renewal Fee | 5% of franchise fee | - |
Business Experience Requirements |
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Experience | - | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | Yes/No | No/No |
Start-up Costs | No/Yes | No/No |
Equipment | No/Yes | No/No |
Inventory | No/Yes | No/No |
Receivables | No/No | No/No |
Payroll | No/No | No/No |
Training & Support |
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Training | - | - |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Purchasing cooperatives | - |
Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | - |
Operations |
Franchise can be run from home. 10% of all franchisees own more than one unit
Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | No | No |
International Expansion | No | No |
Based in Fort Worth, Texas, Property Damage Appraisers inspect automobiles, homes and heavy equipment. The company also provides lease turn-in condition reports, vehicle protective coating inspections and mechanical warranty inspections