- 2024 Franchise 500 Rank
-
#385 Ranked #225 last year
- Initial investment
-
$58K - $92K
- Units as of 2023
-
194 37% over 3 years
HouseMaster Home Inspections, which was founded in 1971, is one of the well-known home inspection business names in the industry. Since beginning to franchise in 1979, HouseMaster Home Inspections has expanded to over 275 locally-owned branches throughout the United States and Canada.
HouseMaster Home Inspections strives to offer top-notch support to its franchisees. One of its major goals is usually to ensure that each new franchise is designed for business right from the get-go, from sales and marketing to technical training.
Why You May Want to Start a HouseMaster Home Inspections Franchise
HouseMaster Home Inspections' longevity in the industry proves that you may learn from the same formula that has kept the company going for over five decades. The company believes it has grown into one big, supportive family. Many of their franchisees have stayed with the company for multiple decades. Some franchisees are now 2nd or 3rd generation owners.
As a HouseMaster Home Inspections franchisee, you may find yourself surrounded by dedicated and reliable support in all areas contributing to your business. Support may include operations, financials, human resources, digital education, IT, innovation, sales and marketing, and technical training.
What Might Make a HouseMaster Home Inspections Franchise a Good Choice?
Besides the fairly manageable startup costs of a HouseMaster Home Inspections franchise, you may get decades' worth of proven sales and marketing systems, proprietary technology that gives you a competitive edge, dedicated expert support, and retail and corporate flexibility.
Many times in the past few decades, HouseMaster Home Inspections has been ranked in Entrepreneur Magazine's Franchise 500. This ranking is based on an evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.
To become part of the HouseMaster Home Inspections team, you should make sure you are financially ready for an initial investment made up of a franchise fee and other startup costs. HouseMaster Home Inspections may offer a discount off the franchise fee for veterans. You should also ensure that you are prepared for ongoing fees that will include royalty, advertising, and renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.
How Do You Open a HouseMaster Home Inspections Franchise?
To get started on your journey of opening a HouseMaster Home Inspections franchise, you need to submit a franchise request form. After reviewing your application and finding it a fit, HouseMaster Home Inspections generally sends you a Franchise Disclosure Document, which contains much of the vital information you need to know as a potential franchisee.
After reviewing the Franchise Disclosure Document, you may sign your franchise agreement and make your initial payment.
At this point, you may be ready for initial training with the franchise development team. Training may come in stages until you are prepared to open your HouseMaster Home Inspections franchise.
After completing your training, you may be prepared to open your HouseMaster Home Inspections franchise.
Company Overview
About HouseMaster Home Inspections
| Industry | Services (Other) |
|---|---|
| Related Categories | Home Inspections |
| Founded | 1971 |
| Parent Company | Neighborly |
| Leadership | Josh McCormick, Brand President |
| Corporate Address |
1010 N. University Parks Dr. Waco, TX 76707 |
| Social | Facebook, Twitter, LinkedIn |
Business Overview
| Franchising Since | 1979 (45 years) |
|---|---|
| # of employees at HQ | 1,600 |
| Where seeking |
This company is offering new franchises throughout the US. This company is offering new franchises in the following international regions: Canada |
| # of Units | 194 (as of 2023) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a HouseMaster Home 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
|
$42,500 |
|---|---|
|
Initial Investment
|
$58,250 - $92,200 |
|
Net Worth Requirement
|
$100,000 |
|
Cash Requirement
|
$30,000 |
|
Veteran Incentives
|
15% off franchise fee |
|
Royalty Fee
|
5%-7.5% |
|
Ad Royalty Fee
|
2%-2.5% |
|
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 | HouseMaster Home 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 | 16 hours |
|---|---|
| Classroom Training | 94.5 hours |
| Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Proprietary Software
Franchisee Intranet Platform
|
| Marketing Support |
Co-op Advertising
Ad Templates
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
|
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 | 1-5 |
|
Are exclusive territories available?
|
No |
Franchise 500 Ranking History
Compare where HouseMaster Home Inspections landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where HouseMaster Home Inspections ranked on other franchise lists? Find out below.
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