HomeTeam Inspection Service Franchise FDD, Costs & Fees (2024)
KEY FRANCHISE STATS
All you need to know about this franchise in a snapshot
Initial franchise fee
$45,000 to $65,000
Investment required
$60,000 - $87,000
HomeTeam Inspection Service: Leading the Way in Comprehensive Home Inspections
HomeTeam Inspection Service has been a prominent provider of home inspection services in the United States since its inception in 1992. Based in Milford, Ohio, the company has built a reputation for delivering trusted and precise home inspections over the decades. That same year, HomeTeam began franchising to disseminate their unique team-based inspection approach, designed to provide more efficient and thorough inspections.
HomeTeam's distinctive strategy involves deploying a team of inspectors to each property. This not only accelerates the inspection process but also ensures a more comprehensive evaluation. This team approach sets HomeTeam apart from traditional single-inspector models, offering a significant edge in the home inspection sector. Prospective franchisees will find a lucrative opportunity with HomeTeam, backed by a history of proven success and a dedication to quality and customer satisfaction.
Recognized as an industry leader, HomeTeam is the preferred choice for home inspection franchises, assisting buyers, sellers, and real estate professionals with a wide array of inspection needs. These services include pre-listing inspections, mold testing, indoor air quality assessments, and standard home inspections. The company’s unwavering commitment to excellence and customer satisfaction has been the foundation of its success, cultivating trust and reliability among its clients.
Initial investment
Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.
| Type of Expenditure | Amount |
| Initial Franchise Fee | $45,000 to $65,000 |
| Start-up Package Fee | $9,800 |
| Administrative Costs | $500 to $1,000 |
| Travel & Living Expenses While Training | $1,000 to $2,000 |
| Insurance | $1,800 to $4,000 |
| Permits, Licenses & Professional Memberships | $0 to $1,000 |
| Additional Funds - 3 months | $2,000 to $4,000 |
| Total | $60,100 to $86,800 |
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Franchise Disclosure Document
Training
The franchisor offers an essential training program that must be attended by the franchisee, a principal, or a designated representative overseeing the franchised business.
Components of the Training Program
- Online Orientation and Training: This segment provides a foundational understanding of the franchisor's systems and procedures through web-based modules.
- Classroom Training: Conducted in a formal educational setting, this offers in-depth knowledge on various aspects of the business.
- On-the-Job Training: This hands-on component allows franchisees and their employees to apply classroom knowledge in real-world scenarios.
Attendance and Participants
- Mandatory for franchisees, principals, or designated representatives.
- Ensures the responsible party is thoroughly prepared to manage the franchised business.
Schedule and Frequency
- Typically conducted on a monthly basis.
- Scheduled based on demand and participant availability.
Financial Responsibilities
- No fee for the initial training program itself.
- Franchisees are responsible for costs associated with travel, lodging, meals, and employee compensation during the training.
Additional Training Programs
- Conducted periodically as deemed necessary by the franchisor.
- May incur additional fees.
- Cover advanced topics or updates to the franchise system.
Territory Protection
The franchisor provides territory protection to franchisees. Each franchisee's territory is primarily designated by Postal Codes and must be a single, undivided geographic area containing between 50,000 and 150,000 owner-occupied households. The franchisor retains the right to specify a larger or smaller territory based on market size or other relevant factors.
Protection Details
- Designated Territory: Each territory is a single, undivided geographic area defined by Postal Codes.
- Territory Size: Generally contains between 50,000 and 150,000 owner-occupied households, adjustable based on market conditions.
Marketing and Operations
- Exclusivity: Franchisees are protected from other franchisees marketing within their territory and performing inspections for clients who have a real estate agent within the territory.
- Franchisor Restrictions: The franchisor will not operate, establish, or authorize another to operate or establish a HomeTeam Franchise within a franchisee's territory.
Solicitation Rules
- Franchisee Restrictions: Franchisees are prohibited from soliciting clients or Referral Sources in another franchisee's territory.
- Mutual Non-Solicitation: Other HomeTeam Franchisees, including the franchisor, are not allowed to solicit clients or Referral Sources in your territory.
Purpose of Protection
This territory protection is designed to prevent internal competition and ensure each franchisee has a fair opportunity to grow their business within their designated area.
