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Below is an in-depth analysis and side-by-side comparison of Property Damage Appraisers vs ProSpection including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $75,888 - $653,425 | $15,800 - $38,100 |
Franchise Fee | $50,000 - $600,000 | $6,000 - $12,000 |
Royalty Fee | 15% | Varies |
Advertising Fee | - | - |
Year Founded | 1963 | 2003 |
Year Franchised | 1963 | 2003 |
Term Of Agreement | 3 years | 7 years |
Term Of Agreement | 3 years | 7 years |
Renewal Fee | - | - |
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/No | Yes/No |
Start-up Costs | No/No | 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 | - | - |
Support | - | - |
Marketing | - | - |
Operations | - | - |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | No | No |
International Expansion | No | No |
Based in Fort Worth, Texas, Property Damage Appraisers inspect automobiles, homes and heavy equipment. The company also provides lease turn-in condition reports, vehicle protective coating inspections and mechanical warranty inspections