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Below is an in-depth analysis and side-by-side comparison of HomeTeam Inspection Service vs The Inspection Boys 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 | $35,000 - $55,000 |
Franchise Fee | $35,000 - $55,000 | $17,500 |
Royalty Fee | 6%-4% | 4-6% |
Advertising Fee | 3% | 3% |
Year Founded | 1991 | - |
Year Franchised | 1992 | - |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | The basic requirements would include anyone with a sales background, former managers, former sales people, former business owners, former marketing executives, and anyone with mold remediation, asbestos abatement, home repair, or carpentry experience. | |
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 | Training is held in our HQ in New Jersey for 5 days. |
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)
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Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | Yes | No |
International Expansion | Yes | No |
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.
With The Inspection Boys, you can start your own business in a
growing market by taking advantage of one of our streamlined franchise
opportunity.
You’ll immediately benefit from the power of The Inspection Boys brand and our years of experience offering successful service to
residential, commercial, and industrial customers. If you have
management experience; a desire to work with some of the best management
professionals in the business; and are willing to invest in an
established brand in the industry, please consider joining The
Inspection Boys franchise team.
Franchise System Benefits
We offer many benefits to our franchise businesses, which include: