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Below is an in-depth analysis and side-by-side comparison of Home Preservation Systems 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 | $75,000 | $24,500 - $29,500 |
Franchise Fee | $28,000 | $19,500 |
Royalty Fee | 8% | 0 |
Advertising Fee | - | $100/mo |
Year Founded | 1992 | 1988 |
Year Franchised | 2002 | 2001 |
Term Of Agreement | 5 years | - |
Term Of Agreement | 5 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/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, Internet, Security/safety procedures, Field operations/evaluations | Ongoing support. Field operations/evaluations, Meetings, Internet, Phone line |
Marketing | Co-op advertising, Ad slicks | 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 Number of employees needed to run franchised unit: 3 Absentee ownership of franchise is NOT 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 | - |
Do you know how to offer quality service when it comes to preserving amazing and beautiful homes, along with all the upkeeps a new house needs? If so, then Home Preservation Services Franchise is perfect for you to release your valuable skills and make a living off of their quality name and services.
Home Preservation Services is committed to providing homeowners with complete preventive home maintenance services at unmatched levels of quality. They pride themselves in fostering innovation and embracing technology to deliver outstanding, efficient and cost effective services to their clients.