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Entrepreneur: Start & Grow Your Business

Inspect-It 1st LLC

Property inspections

Background

Founded: 1991 Franchising since: 1998
Richard Schneider founded Inspect-It 1st Property Inspection in 1991. Based in Phoenix, Arizona, the company began franchising in 1998.

Franchisees inspect a building's roof, walls, ceilings, attics, floors, soffits, foundations, doors, windows and more. Other services include construction phase inspections, listing inspections, commercial inspections, construction consultants, expert witness testimony and real estate arbitration.

7100 E. Pleasant Valley Rd., #300
Independence, Ohio 44131
Phone:
(877)392-6278


Franchisor is a privately-held company with 5 employee(s); 5 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2009 52 0 0 0
2008 57 0 0 0
2007 65 0 0 0
2006 66 0 0 0
2005 52 0 0 0

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming

Exclusive territories available.
Territory size: By ZIP code based on population of 100,000

Special Programs
Inspect-It 1st Property Inspection contributes to Habitat for Humanity.

Costs and Fees

Total investment: $36.5K-59.3K
Franchise fee: $26.9K
Ongoing royalty fee: 6%
Term of agreement: 10 years, renewable


Type of Financing Available
In-House Third Party
Franchise Fee Yes No
Startup Costs Yes No
Equipment Yes No
Inventory Yes No
Accounts Receivable Yes No
Payroll Yes No

Qualifications
Net worth requirement: $75K
Cash liquidity requirement: $30K
Business Experience:
  • Marketing skills

Operations
  • Franchise can be run from home
  • 5% of all franchisees own more than one unit
  • Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 2 weeks

Ongoing Support
  • Newsletter
  • Meetings
  • Toll-free phone line
  • Internet
  • Security/safety procedures
  • Field operations/evaluations

Marketing Support
  • Co-op advertising
  • Ad slicks
  • National media

Rankings

Franchise 500® rank:
#339 (2008); #403 (2005);

Low-Cost Franchises:
#80 (2008); #116 (2005);

Top Home Based Franchises:
#96 (2008);