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Below is an in-depth analysis and side-by-side comparison of Inspect-It 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 | $32,400 - $43,400 | $24,500 - $29,500 |
Franchise Fee | $24,900 | $19,500 |
Royalty Fee | 200-$400/mo. | 0 |
Advertising Fee | $50/mo. | $100/mo |
Year Founded | 1991 | 1988 |
Year Franchised | 1998 | 2001 |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal 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 | No/No | -/- |
Start-up Costs | No/No | -/- |
Equipment | No/No | -/- |
Inventory | No/No | -/- |
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, Field operations/evaluations, Purchasing cooperatives | Ongoing support. Field operations/evaluations, Meetings, Internet, Phone line |
Marketing | Co-op advertising, Ad slicks, Regional advertising | Ad slicks, National media, access to national advertising fund, relocation |
Operations |
Franchise can be run from home. 0% 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 | - |