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Updated RecentlyHomeTeam Inspection Service vs Canadian Residential Inspection Services Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of HomeTeam Inspection Service 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 | $50,100 - $76,800 | $24,500 - $29,500 |
| Franchise Fee | $35,000 - $55,000 | $19,500 |
| Royalty Fee | 6%-4% | 0 |
| Advertising Fee | 3% | $100/mo |
| Year Founded | 1991 | 1988 |
| Year Franchised | 1992 | 2001 |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| 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/Yes | -/- |
| Start-up Costs | No/Yes | -/- |
| Equipment | No/No | -/- |
| Inventory | No/No | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| Training | On-The-Job Training: 25 hours Classroom Training: 40 hours Additional Training: Pretraining | 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/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform | Ongoing support. Field operations/evaluations, Meetings, Internet, Phone line |
| Marketing | Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing | Ad slicks, National media, access to national advertising fund, relocation |
| 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)
| 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 | Yes | - |
| Canada Expansion | Yes | - |
| International Expansion | Yes | - |
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
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About Canadian Residential Inspection Services