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Below is an in-depth analysis and side-by-side comparison of HomeTeam Inspection Service vs Allstate Home Inspections/Environmental Testing including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $50,100 - $76,800 | $29,700 - $49,200 |
Franchise Fee | $35,000 - $55,000 | $23,900 |
Royalty Fee | 6%-4% | 7.5% |
Advertising Fee | 3% | - |
Year Founded | 1991 | 1989 |
Year Franchised | 1992 | 1996 |
Term Of Agreement | 10 years | 6 years |
Term Of Agreement | 10 years | 6 years |
Renewal Fee | - | $2K |
Business Experience Requirements |
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Experience | ||
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | No/No |
Start-up Costs | No/Yes | No/No |
Equipment | No/No | No/No |
Inventory | No/No | No/No |
Receivables | No/No | No/No |
Payroll | No/No | No/No |
Training & Support |
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Training | On-The-Job Training: 25 hours Classroom Training: 40 hours Additional Training: Pretraining | As many as 15 days refresher and continuing education per year |
Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform | Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations |
Marketing | Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing | Ad slicks, National media, Regional advertising |
Operations |
Franchise can be run from home. 15% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators)
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Franchise can be run from home.
Number of employees needed to run franchised unit: 1 - 3
Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | Yes | No |
International Expansion | Yes | Yes |
Paul Spires, Jr., started a home inspection business in Cincinnati in 1992, and soon became so successful that he franchised the idea. HomeTeam's inspectors thoroughly examine a home's construction and equipment for defects and problems. HomeTeam services include pest inspections, radon testing, lead testing, asbestos testing, pool inspections and well or septic testing. The company also offers a 90-day warranty covering the home's mechanical and structural components. The HomeTeam Inspection Service Inc. is affiliated with the Women's Council of Realtors, the Home Builders Association, the National Association of Home Builders and the Employee Relocation Council.
Allstate Home Inspection and Environmental Testing, LTD (AHI) was founded in 1994 by nationally renowned author, speaker, and environmental expert, Francis X. (Rich) Finigan. Long recognized as America's #1 Home Inspector, Rich was the first to assess the disparity between the needs of today's investment-savvy homeowner and the limited expertise of today's most prevalent home inspection companies. Allstate Home Inspection and Household Environmental Testing Services, Ltd. (AHI) is a recognized leader and innovator in the home inspection and environmental testing industries. With the most comprehensive service offerings in the industry, AHI's mission is to help homebuyers and sellers around the country achieve the level of safety, security and peace of mind that they deserve.