Top 5 Reasons to Buy a HomeTeam Inspection Service Franchise
With extensive, ongoing corporate support, low start-up costs, a booming market and more, HomeTeam offers an exceptional opportunity to hopeful business owners.
HomeTeam Inspection Service, the 200-plus unit home inspection franchise with a unique, team-oriented approach, continues to grow and support franchisees across the nation in achieving their entrepreneurial dreams.
“There has never been a better time to open a HomeTeam Franchise,” explained Adam Long, president of HomeTeam. “The real estate market is booming, inspections continue to be in demand, and we are ready to support our franchisees from their first inquiry about the brand through growth and equity building. Our unique training and corporate support models provide franchisees with both the technical and practical knowledge they need to succeed.”
The Brand Offers Practical and Technical Training
A large majority of HomeTeam franchisees approach the brand with little to no experience with home inspections, real estate or construction. Because HomeTeam thrives on relationships, it looks for potential franchisees who are self-starters, driven and people oriented.
With proprietary systems and an industry-leading training program, HomeTeam ensures that all of its owners are fully educated and able to inspect a home on opening day.
HomeTeam funds and facilitates initial technical training, which, upon completion, will allow a franchisee to earn their home inspection license or certification for their state. This training also includes business, insurance and banking setups.
After the franchisee has completed home inspection training, they attend HomeTeam Orientation for even more learning. With courses on small business ownership, a sales boot camp and opportunities to shadow existing franchise owners during live inspections, franchisees are able to gather real-world experience to supplement their prior technical training.
A Corporate Support Team, With Business Ownership Experience, Is Available to Franchisees
“I don’t think I would go into any business where I didn’t have a team behind me, and that’s what this franchise has been,” explained David Tewell, a Tucson, Arizona HomeTeam franchisee. “It's a team standing behind me, ready to help me in any way they can. In guidance, in technical terms and in marketing. They've got the experience, and it’s a proven model that works and has worked really well for me.”
HomeTeam works diligently to ensure franchisees have all of the information and support they need to thrive. While the brand’s corporate support team comes from a variety of backgrounds, a common thread is that many of them have previously owned or currently own a business.
This unique perspective allows the support team to combine their professional experience with practical business ownership experience to address franchisees’ needs in a holistic manner.
Home Inspections Are in High Demand
Though the climb of the real estate market is slowing slightly, home prices and sales continue to rise.
“While it may not be as hectic as mid-2020, there is no doubt that the housing market is still flourishing, and home inspections are a crucial part of any buying or selling process,” said Long. “Clients and real estate agents across the country are in need of trusted, professional home inspectors, and HomeTeam has established itself as the leading home inspection brand for REALTORS® and homeowners alike.”
While the home inspection contingency technically can be waived, the overarching recommendation is to have an inspection completed before buying; in fact, many real estate agents and buyers will not accept a sale without inspection. Therefore, nearly every home sale presents an opportunity for HomeTeam owners.
Further, because HomeTeam leverages a multi-person model, it is able to deliver high-quality inspections that take an average of 90 minutes to complete and is often available to conduct an inspection just two days or less after initial contact. As homes are only on the market for an average of 18 days, and some homes receive offers as soon as the day they hit the market, open availability and quick turnaround makes HomeTeam even more attractive to both buyers and sellers looking to expedite the process.
HomeTeam Has Low Start Up Costs
The total investment required to purchase a HomeTeam Inspection Service franchise ranges between $50,100 to $76,800. This covers all of the ongoing training, systems and startup materials required for the first year of business. HomeTeam also recommends that franchisees have between $15,000 and $20,000 in reserves for things like insurance and additional growth support.
This is a relatively low barrier to entry as some home inspection franchise concepts can cost upwards of $200,000.
“We had to do something that would not put us in too big of a financial hole, regardless of the outcome, so cost was a big part of why I decided to go with HomeTeam,” explained Mike Burton, a franchisee in Inlet Beach, Florida. “The upfront costs were less than my second choice.”
Additionally, for franchisees who live within their territories, an office space is not required. Many owners are able to designate an area of their own homes as their office, saving real estate costs.
Franchisees Are Supported in Scaling and Building Equity
Unlike other concepts, HomeTeam provides a model that allows for long-term equity growth. In other cases, some business owners will retire and simply close their business because they see no real value in selling it. Because HomeTeam supports its franchisees in building a true business, complete with processes, technology and strategy, it naturally builds value as well.
“What I hope to achieve is to truly build a business. I plan on keeping it for at least 10 to 12 more years, but at the end of that, my exit strategy is to have more than just a Rolodex to sell,” explained Marc Poulain, a HomeTeam franchisee in Bell County, Texas. “I've seen other franchisees’ testimonials that they have actually built up a company, and I want to do the same. The goal is to get at least three, if not four, teams and bless other families with a great income while continually building a great business that I’m proud of and is a service to the industry.”
The initial investment range to open a HomeTeam Inspection franchise is $50,100 to $76,800. For more information visit https://www.hometeamfranchise.com/.
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