
National Property Inspections
Home and commercial property inspections- 2022 Franchise 500 Rank
-
#244 Ranked #264 last year
- Initial investment
-
$41K - $43K
- Units as of 2021
-
228 7.0% over 3 years
Here’s what you need to know if you’re interested in opening a National Property Inspections franchise.
National Property Inspections offers prospective buyers and interested parties services related to commercial and residential inspections. The brand is headquartered in Omaha, New Brunswick, Canada, and is generally known as a house inspection company.
Founded in 1987 by Roland Bates, National Property Inspections has expanded its reach with over one dozen locations in Canada, as well as over 200 in the U.S. The company has been franchising for decades, offering customers quality home inspections.
Why You May Want to Start a National Property Inspections Franchise
Demand for commercial real estate inspections is growing. National Property Inspections offers inspection services to residential and commercial homes, unlike some other home inspection companies. This double service provides a competitive advantage over other inspection companies.
The National Property Inspections marketing coaches offer continuous support to you once you own a franchise. At no cost, they provide national advertising and promotions to their franchisees. Every week, their technical field support calls you to answer your questions related to inspections.
What Might Make National Property Inspections a Good Choice?
To be part of the National Property Inspections team, you should make sure you’re financially ready for an initial investment, including franchise fees, organization membership, vehicle signage, advertising, insurance, accounting, licenses, and more.
National Property Inspections has partnered with third-party sources in order to offer franchisees financial help with the franchise fee, startup cost, equipment finance, inventory finance, and payroll.
The initial franchise term length is ten years for a National Property Inspections franchise. Franchisees willing to extend the contract may renew for additional periods of ten years. National Property Inspections prescribes all products and services offered by the franchisees as part of the franchise. Naturally, franchisees cannot associate themselves with a business competitor of their National Property Inspections franchise.
How to Start a National Property Inspections Franchise
As you decide if you want to open a National Property Inspections franchise, make sure you take time to explore the opportunity. Research the brand and your local area to see if a franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.
Once you are sure that you want to open a National Property Inspections franchise, you'll want to request an information kit. This franchise kit contains information about the estimated startup costs and what to expect as a franchisee.
The executives at National Property Inspections may give you a call to review your requirements and the available territories. If you decide that you still have interests in the investment, the company will send you the Franchise Disclosure Document. Once you understand the terms and both parties agree to partner, you may sign the franchise agreement, and you can get started with the process of opening your National Property Inspections franchise.
Before opening day, National Property Inspections will offer training to both you and your employees. The franchisor will run advertisements for your business in your local area to drum up your first customers. Finally, it will be time to present your new franchise to the public.
Company Overview
About National Property Inspections
- Industry
- Services (Other)
- Related Categories
- Home Inspections
- Founded
- 1987
- Parent Company
- National Property Inspections Inc.
- Leadership
- Roland Bates, Founder & CEO
Franchising Overview
- Franchising Since
- 1987 (35 years)
- # of employees at HQ
- 16
- 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
- 228 (as of 2021)
Franchisor Information
Information for Franchisees
Here’s what you need to know if you’re interested in opening a National Property Inspections 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
- $34,900
- Initial Investment
- $40,750 - $43,000
- Cash Requirement
- $43,400 - $47,100
- Veteran Incentives
- 20% off franchise fee
- Royalty Fee
- 8%
- 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
- National Property Inspections 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
- 40 hours
- Classroom Training
- 113 hours
- Additional Training
- Optional field training
- Ongoing Support
-
NewsletterMeetings & ConventionsToll-Free LineOnline SupportSecurity & Safety ProceduresField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
-
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingMarketing Planning & SupportSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- No
- 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
Work with our free FranCoach and get what you need to start a National Property Inspections franchise.
Franchise 500 Ranking History
Compare where National Property Inspections landed on this year’s Franchise 500 Ranking versus previous years.
Additional Rankings
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