The HomeTeam Inspection Service
- HomeTeam Inspection Service, Inc., The
575 Chamber Dr.
Milford, OH 45150
The HomeTeam model is specifically designed for rapid start-up and greater long term growth than any other model in the home inspection industry. Our TEAM concept is the foundation of our successful model and allows for the creation of a much more valuable business in much less time. HomeTeam’s competitive advantages include: industry leading technology, forward thinking business practices, financial benchmarks and proven marketing programs. Don’t simply “buy a job”, do something truly different. With HomeTeam, you will own your business and own your life.
Extensive training program includes: a 4-6 week fast start program, superior training utilizing the industry’s best experts, operations and marketing support, field visits, industry-leading software solutions, industry’s top franchisee mentoring program, experienced vendors and affiliates, dynamic annual conventions, Success Summits, intranet discussion board, webinars, and so much more!
Franchisor Background
Year Established: 1991
Franchising Since: 1992
Operating Units
| Franchised Units |
151 |
100.0% |
| Company-Owned Units |
0 |
0.0% |
| Total Operating Units |
151 |
100% |
Geographic Distribution
| USA |
147 |
97.4% |
In 48 States
|
| Canada |
4 |
2.6% |
In 2 Provinces
|
| International |
0 |
0.0% |
In 0 Foreign Countries
|
| Total |
151 |
100% |
|
Multi-Unit Operators
| Multi-Unit Operators |
N/A |
| Franchises Owned by Multi-Unit Operators |
N/A |
North American Unit Density
| Density |
Units |
| Florida |
29 |
| California |
13 |
| Texas |
9 |
Registered in the following Registration States
California, Florida, Hawaii, Illinois, Indiana, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, Wisconsin, District of Columbia
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Support and Training
General Information
| IFA Member |
Yes |
| CFA Member |
No |
| Franchisee Association? |
Yes, is a member |
| Size of Corporate Staff |
20 |
Site Selection
Assistance |
N/A |
| Lease Negotiation Assistance |
N/A |
| Financial Assistance |
Yes, Indirect |
Marketing Support
| Co-Op Advertising |
No |
| National Advertising |
Yes |
| Regional Advertising |
No |
| Local Advertising |
No |
Ongoing Support
| Central Data Processing |
Included |
| Central Purchasing |
Included |
| Field Operation Evaluation |
Included |
| Field Training |
Included |
| Initial Store Opening |
N/A |
| Inventory Control |
N/A |
| Franchisee Newsletter |
Included |
| Regional or National Meetings |
Included |
| 800 Telephone Hotline |
Included |
Training
| Corporate Headquarters, Cincinnati, OH |
1 Week |
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Financial Requirements
Investment
| Minimum Net Worth |
$100K |
| Cash Investment |
$35K+ |
| Total Investment |
$39-71K |
| Average Total Investment |
$55K |
Fees
| Initial Franchise Fee |
$19.9-39.9K |
| Average Franchise Fee |
$35K |
| On-Going Royalty |
6% |
| Average Royalty |
6% |
| Advertising Fee |
3% |
Site Information and Requirements
| Average Number of Full-Time Employees |
1 |
| Average Number of Part-Time Employees |
1 |
| Space Needs (in square feet) |
N/A
|
| Preferred Site Types |
N/A
|
| Encourages Conversions |
N/A |
| Item 19 (Earnings Claim) Provided? |
Yes |
| Listed in the SBA Registry? |
No |
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Franchisee Qualifications
| Financial Net Worth |
5 |
| General Business Experience |
4 |
| Specific Industry Experience |
1 |
| Formal Education |
2 |
| Psychological Profile |
4 |
| Personal Interviews |
5 |
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Terms of Contract
| Term of Initial Contract |
10/10/10 |
| Term of Renewal Period |
N/A |
| Passive Ownership? |
Not Allowed |
Area Development
Agreements? |
No
|
Sub-Franchisor
Contracts? |
No |
| Franchisees Allowed to Expand Within Territory? |
Yes |
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Expansion Plans
| Projected New Units Over Next 12 Months |
5 |
| USA |
Yes, All United States |
| Canada |
Yes, All Canada |
| Overseas |
No |
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