HomeTeam Inspection Service

HomeTeam Inspection Service

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Promoted Opportunities

Initial Investment

LOW: $48,800
HIGH: $75,500

Change in Units

+1.4% +2 UNITS (1 Year)
-4.0% -6 UNITS (3 Years)

Company Profile

Founded

1992

Franchising Since

1992 (25 Years)

Corporate Address

575 Chamber Dr. Milford, OH 45150

About 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.

Financials

Financial Requirements

Initial Investment

$48,800 - $75,500

Net-worth Requirement

$50,000

Liquid Cash Requirement

$15,000 - $20,000

Ongoing Fees

Initial Franchise Fee

$35,000 - $55,000

Ongoing Royalty Fee

6-4%

Ad Royalty Fee

3%

Financing Options

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

Veteran Incentives


Additional territory

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units throughout the U.S. and in the following regions/states: See List

Operations & Franchisor Support

Training Onsite: Varies

Training at headquarters: 32 hours

Additional Training: Pretraining

Ongoing Support
Purchasing Co-ops
Newsletter
Meetings
Internet
Field Operations

Marketing Support
Ad Slicks
National Media

Absentee Ownership Allowed

Number of employees required to run: 1

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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: July 12th, 2017

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