![]()
| ||||
Below is an in-depth analysis and side-by-side comparison of American Leak Detection vs Property Damage Appraisers including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $76,755 - $259,550 | $75,888 - $653,425 |
| Franchise Fee | $29,500 - $120,000 | $50,000 - $600,000 |
| Royalty Fee | 6-10% | 15% |
| Advertising Fee | - | - |
| Year Founded | 1974 | 1963 |
| Year Franchised | 1984 | 1963 |
| Term Of Agreement | 10 years | 3 years |
| Term Of Agreement | 10 years | 3 years |
| Renewal Fee | - | - |
Business Experience Requirements |
||
| Experience | - | |
Financing Options |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/Yes | No/No |
| Start-up Costs | No/Yes | No/No |
| Equipment | No/Yes | No/No |
| Inventory | No/No | No/No |
| Receivables | No/No | No/No |
| Payroll | No/No | No/No |
Training & Support |
||
| Training | On-The-Job Training: 40 hours Classroom Training: 40 hours Additional Training: Annual convention | - |
| Support | Newsletter Meetings/Conventions Toll-Free Line Online Support Field Operations Proprietary Software Franchisee Intranet Platform | - |
| Marketing | Co-op Advertising National Media Regional Advertising SEO Website development | - |
| Operations |
Franchise can be run from home. International franchisees required to buy multiple units/master licenses; 7% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 - 3
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)
| - |
Expansion Plans |
||
| US Expansion | Yes | - |
| Canada Expansion | Yes | No |
| International Expansion | Yes | 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