The HomeTeam Inspection Service
At a Glance
Products & Services: Home inspections
Number of Locations: 233
Total Investment: $46K - 71.5K
Founded: 1991
Began Franchising: 1992
Private Owned
About The HomeTeam Inspection Service
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.
Franchise Units
| Year | U.S. | Canadian | International | Company Owned |
| 2009 | 225 | 8 | 0 | 0 |
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S. and Canada.
Startup Costs, Ongoing Fees and Financing
Total Investment: $46,000 - $71,500
Franchise Fee: $21,800 - $39,800
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 10 years, renewable
Franchise Fee: $21,800 - $39,800
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Liquid Cash Available: $7,500
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 NOT allowed. (100% of current franchisees are owner/operators).| Financing Type | In-House | Third Party |
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How This Franchise Supports Franchisees
Training: Available at headquarters: 2 weeks. At franchisee's location: As needed. Annual meetings
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations,
Marketing Support: Co-op advertising, Ad slicks, National media, Regional advertising,
Other marketing support: Access to national advertising fund
Franchise Ranking History
Franchise 500®: #209 (2008),
Low-Cost: #41 (2008),
Top Homebased: #47 (2008),
America's Top Global: #173 (2008),