HomeTeam Inspection Service, The

HomeTeam Inspection Service, The

Not Ranked

Initial Investment

LOW: $38,700
HIGH: $72,400

Change in Units

+3.5% +5 UNITS (1 Year)
-5.6% -8 UNITS (3 Years)

Promoted Opportunities

Company Profile

Founded

1992

Franchising Since

1992 (24 Years)

Corporate Address

575 Chamber Dr. Milford, OH 45150

About HomeTeam Inspection Service, The

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.

Financials

Financial Requirements

Initial Investment

$38,700 - $72,400

Net-worth Requirement

$100,000

Liquid Cash Requirement

$25,000

Ongoing Fees

Initial Franchise Fee

$19,900 - $39,900

Ongoing Royalty Fee

6%

Ad Royalty Fee

3%

Financing Options

HomeTeam Inspection Service, The offers in-house financing to cover the following: franchise fee

HomeTeam Inspection Service, The has relationships with third-party sources which offer financing to cover the following: 
franchise fee, startup costs, equipment

Veteran Incentives


25% off franchise fee

Franchise 500® Rank History

  • 2006 - 164
  • 2007 - 169
  • 2008 - 209

* Not all years were ranked

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units throughout the U.S. and Canada.

Operations & Franchisor Support

Training at headquarters: 1 week

Additional Training: Online training

Ongoing Support
Purchasing Co-ops
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Field Operations

Marketing Support
Co-op Advertising
Ad Slicks
Regional Media

Absentee Ownership Allowed

Number of employees required to run: 3

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: May 21st, 2015

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