HouseMaster

At a Glance

Products & Services: Home inspections

Number of Locations: 316

Total Investment: $61.1K - $107.9K

Founded: 1971

Began Franchising: 1979

About HouseMaster

Ken Austin began an independent property inspection service in northern New Jersey in 1971. Nine years later, he formed HouseMaster and began franchising, using marketing experience he gained at Johnson & Johnson and Warner Lambert Co. to spread the word about his new company.

HouseMaster inspectors check out all the major systems of a home, providing a comprehensive report on all physical conditions. The HouseMaster Express Report can be completed on-site. HouseMaster franchises offer homebuyers a limited inspection guarantee, and the company has a group errors and omissions insurance program to protect franchisees.

Franchise Units

Year U.S. Canadian International Company Owned
2014 286 30 0 0
2013 287 30 0 0
2012 331 29 0 0
2011 325 37 0 0
2010 330 36 0 0
Where Seeking Franchisees: Franchisor is seeking new franchise units in the U.S.,Australia/New Zealand, Canada.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $61,100 - $107,900
Franchise Fee: $42,500
Ongoing Royalty Fee: 6-7.5%
Term of Franchise Agreement: 5 years, renewable
Veteran Incentives: 15% off franchise fee
Financial Requirements
Net Worth: $80,000
Liquid Cash Available: $40,000
Operations
Franchise can be run from home. 30% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 1 - 5. Absentee ownership of franchise is NOT allowed. (95% of current franchisees are owner/operators).
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 2 weeks. Technical training : 1 week.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
Marketing Support: Co-op advertising, Ad slicks, National media, Regional advertising,
Other marketing support: Annual conferences, proprietary software, database marketing

Franchise Ranking History

Franchise 500®: #349 (2012), #181 (2011), #130 (2010),
Low-Cost: #31 (2010),
Top Home-Based: #52 (2011), #36 (2010),
America's Top Global: #143 (2011), #104 (2010),

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