Franchise Deep Dive: HomeTeam Inspection Service Franchise Costs, Fees, Profit and Data

This full-service home inspection franchise has built a reputation for excellence in the home services industry and has grown to over 150 locations.

By Victoria CampisiStaff Writer

9:09AM • 08/17/23

LAST UPDATED: August 2023

FRANCHISE WEBSITE: https://www.hometeamfranchise.com/#~5d2J6r6

NUMBER OF LOCATIONS: 150+

REPORTED COST TO GET IN: $60,100 to $86,800

REPORTED ROI (Item 19): $500,000 (2021)

HomeTeam Inspection Service is a full-service, independent, home inspection franchise serving homebuyers, sellers and real estate agents. The franchise sends a team of certified inspectors to every appointment in order to provide a better and faster inspection, every time.

How Many HomeTeam Inspection Services Are There?

Founded in 1992, HomeTeam has built a reputation for providing professional, reliable, efficient and accurate inspections on both residential and commercial property, including on electrical and plumbing systems, plumbing, roofing, structure insulation and ventilation, interior, heating and cooling. This reputation for excellence has made the franchise a top choice among real estate agents.

Now, HomeTeam has grown to include over 150 locations, serving more than 200 territories nationwide.

What Is The HomeTeam Inspection Service Business Model?

HomeTeam franchise owners don’t need to be certified home inspectors prior to working with HomeTeam. The brand helps with training, works with owners to help get them certified and provides them with the tools they need to launch, and run, a successful business.

The franchise prides itself on a team-based inspection approach that it says is unlike anything else its competitors offer. Instead of dispatching one inspector per job, HomeTeam sends a team of two or more inspectors, ensuring that there are extra eyes on every property and each inspector can focus on their own area of expertise. Two inspectors can complete inspections faster, more thoroughly and offer more insight to clients about the home than one inspector can alone.

The inspectors check for safety issues, structural integrity and the condition of major systems such as plumbing, electrical, heating/cooling, roofing and insulation. They also check for any signs of water damage or pests that may be present in the home or business. Inspectors may also review energy efficiency and advise on any upgrades or repairs that may be needed to make the property more efficient.

The team checks for various components in clients’ home, including:

Foundations
Electrical systems
HVAC systems
Plumbing systems
Flooring and walls
Roofs and attics
Siding and exteriors
Windows and doors
Porches and decks
Gutters and drains
Water heaters
Drainage

Add-on inspection services include:

Pest inspections
Mold inspections
Radon tests
Indoor air quality reports

How Much Can HomeTeam Inspection Service Franchise Owners Make?

HomeTeam's top quartile averaged more than $500,000 in revenue in 2021, with some owners reaching revenues of $750K to $1 million or higher annually. However, this can vary from location to location.

How Much Does It Cost To Open HomeTeam Inspection Service?

The investment range to open a HomeTeam is between $60,100 and $86,800.

What Is the Franchise Fee for HomeTeam Inspection Service?

The franchise fee for a HomeTeam territory and all of the systems, ongoing support and training, is between $45K and $65K. HomeTeam also recommends that owners have $15K to $20K in reserves for insurance, miscellaneous items and funding growth during the initial year of your business.

Below is a breakdown of the initial investment:

Initial Franchise Fee: $45,000 to $65,000
Start-up Package Fee: $9,800
Administrative Costs: $500 to $1,000
Travel and Living Expenses While Training: $1,000 to $2,000
Insurance: $1,800 to $4,000
Permits, Licenses and Professional Memberships: $0 to $1,000
Additional Funds — Three months: $2,000 to $4,000
TOTAL: $60,100 to $86,800

Who’s On HomeTeam Inspection Service Leadership Team?

What Helpful Articles Can I Read to Learn More About HomeTeam Inspection Service?

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