HomeTeam Inspection Service

HomeTeam Inspection Service

Home inspections
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2021 Franchise 500 Rank
#251 Ranked #407 last year
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Initial investment
$50K - $77K
Units as of 2020
190 13.8% over 3 years

Company Overview

HomeTeam Inspection Service, founded in 1992, uses a team of inspectors on every home inspection and offers 48-hour availability, detailed reports, and multiple ancillary services.

About HomeTeam Inspection Service

Industry
Services (Other)
Related Categories
Home Inspections
Founded
1992
Leadership
Adam Long, President

Franchising Overview

Franchising Since
1992 (29 years)
# of employees at HQ
26
Where seeking

This company is seeking new franchisees throughout the US.

This company is seeking new franchisees in the following international regions: Canada

# of Units
190 (as of 2020)

Franchisor Information

Corporate Address
575 Chamber Dr.
Milford, OH 45150

Information for Franchisees

Here’s what you need to know if you’re interested in opening a HomeTeam Inspection Service franchise.

Financial Requirements & Ongoing Fees

Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee
$35,000 - $55,000
Initial Investment
$50,100 - $76,800
Net Worth Requirement
$100,000
Cash Requirement
$25,000
Veteran Incentives
10-15% larger territory
Royalty Fee
4-6%
Ad Royalty Fee
3%
Term of Agreement
10 years
Is franchise term renewable?
Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing
HomeTeam Inspection Service has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training
33 hours
Classroom Training
32 hours
Additional Training
Licensing courses
Ongoing Support
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
Yes
Can this franchise be run from home/mobile unit?
Yes
Can this franchise be run part time?
No
# of employees required to run
1
Are exclusive territories available?
Yes

Franchise 500 Ranking History

Compare where HomeTeam Inspection Service landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where HomeTeam Inspection Service ranked on other franchise lists? Find out below.

Ranked #251

Franchise 500 Ranking

Ranked #105

Top Franchises for Veterans

Ranked #36

Top Franchises for Less Than $100,000

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021