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Property Damage Appraisers

Auto & property appraisals for insurance cos.

Background

Founded: 1963 Franchising since: 1963
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.
6100 Southwest Blvd., #200
Fort Worth, Texas 76109-3964
Phone:
(817)731-5555


Franchisor has 35 employee(s); 3 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2009 264 0 0 0
2008 266 0 0 0
2007 278 0 0 0
2006 277 0 0 0
2005 282 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

Costs and Fees

Total investment: $21.9K-43.5K
Franchise fee: $0
Ongoing royalty fee: 15%
Term of agreement: 3 years, renewable


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

Qualifications
Business Experience:
  • Industry experience

Operations
  • Franchise can be run from home
  • 8% 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: 4.5 days
  • At franchisee's location: 3 days
  • Ongoing

Ongoing Support
  • Newsletter
  • Meetings
  • Toll-free phone line
  • Internet
  • Field operations/evaluations
  • Purchasing cooperatives

Marketing Support
  • Regional advertising

Rankings

Franchise 500® rank:
#262 (2009); #337 (2007); #222 (2006); #233 (2005);

Ranked #1 in category in:
2009;

Low-Cost Franchises:
#55 (2009); #92 (2007); #52 (2006); #62 (2005);

Top Home Based Franchises:
#68 (2009);


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