HomeTeam Inspection Service vs ProSpection Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of HomeTeam Inspection Service vs ProSpection including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
HomeTeam Inspection Service Franchise
ProSpection Franchise
Investment $50,100 - $76,800$15,800 - $38,100
Franchise Fee $35,000 - $55,000$6,000 - $12,000
Royalty Fee 6%-4%Varies
Advertising Fee 3%-
Year Founded 19912003
Year Franchised 19922003
Term Of Agreement 10 years7 years
Term Of Agreement 10 years7 years
Renewal Fee --


Business Experience Requirements
 
HomeTeam Inspection Service Franchise
ProSpection Franchise
Experience
  • Industry experience
  • General business experience
  • Marketing skills
    		• -

    Financing Options
     
    HomeTeam Inspection Service Franchise
    ProSpection Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/YesYes/No
    Start-up Costs No/YesNo/No
    Equipment No/NoNo/No
    Inventory No/NoNo/No
    Receivables No/NoNo/No
    Payroll No/NoNo/No

    Training & Support
     
    HomeTeam Inspection Service Franchise
    ProSpection Franchise
    Training On-The-Job Training: 25 hours Classroom Training: 40 hours Additional Training: Pretraining -
    Support Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform-
    Marketing Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing-
    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)

    		-

    Expansion Plans
     
    HomeTeam Inspection Service Franchise
    ProSpection Franchise
    US Expansion Yes-
    Canada Expansion YesNo
    International Expansion YesNo

    Company Overviews

    About HomeTeam Inspection Service

    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.

    Veteran Incentives  10-15% larger territory

    "Entrepreneur

    #407 in Franchise 500 for 2020.
    #251 in Franchise 500 for 2021..


    About ProSpection