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Below is an in-depth analysis and side-by-side comparison of World Inspection Network vs Canadian Residential Inspection Services 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 | $24,500 - $29,500 |
Franchise Fee | $15,675 - $20,900 | $19,500 |
Royalty Fee | 7% | 0 |
Advertising Fee | - | $100/mo |
Year Founded | 1993 | 1988 |
Year Franchised | 1994 | 2001 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | 5% of franchise fee | - |
Business Experience Requirements |
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Experience | Some residential construction knowledge is an asset. Marketing skills. Position requires good communication and people skills. Must be an independent self motivated worker
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Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | Yes/No | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/Yes | -/- |
Inventory | No/Yes | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | - | 250 hours of distance education that can be completed from your home with a written exam to follow, then a full week of one- on-one practical field training that occurs at Headquarters. |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Purchasing cooperatives | Ongoing support. Field operations/evaluations, Meetings, Internet, Phone line |
Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | Ad slicks, National media, access to national advertising fund, relocation |
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) | Franchise can be run from home. Absentee ownership of franchise is NOT allowed. Can be run without additional employees. |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | No | - |
International Expansion | No | - |