HouseMaster


Description

HouseMaster was the first company to franchise in the home inspection industry. Since our inception in 1979, HouseMaster has performed over two million home inspections and has grown to approx 365 franchises. Our company culture focuses on franchise relationships, support, technical proficiency, proven marketing methods, aggressive risk management tools and cutting edge technology.

Unlike other home inspection franchise companies, all of our franchisees are certified by our National Institute of Building Inspectors (NIBI). Our franchisees are committed to continued education and annual re-certification. We have trained tens of thousands of agents over the years on everything from common conditions found on inspections, environmental concerns, risk management and pre-inspections.

We have been a featured presenter at international real estate trade shows and are a regular presenter at many local board meetings and new agent training programs. Aggressive PR campaigns, and the success and reputation to back them up, have landed HouseMaster in the national spotlight. Interviewed by media giants such as the Associated Press, Fox Business, The Today Show, Good Morning America, CNN, HGTV, USA Today and the NY Times, HouseMaster is the recognized authority on everything home inspection.

Background

Year Established: 1971
Year First Franchised: 1979
Franchised Units: 100+
Actual number of units: 365
Company Owned Units: N/A
Projected New Units (12 months): 30

States referrals are accepted in:

  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Michigan
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • Washington DC
  • West Virginia
  • Wisconsin
  • Wyoming

Avail. in Canada: Masters/Area Developer: No

Notes:

States/Countries Registered In: USA

 

Financial / Terms

Cash Investment: $42,500
Minimum Investment: $59,350
Minimum Net Worth: $80,000
Franchise Fee: $42,500

Discounts:

  • Vet Fran

Royalty: 7.5% Sliding Scale
Ad: 2.5%
Average # of Employees: Varies
Earnings Claims: Yes

Notes:

Total Investment: $59,350 – $89,350 = total start up cost range

Minimum Net Worth: $80,000 - $100,000Minimum Liquid Assets: $45,000 - $60,000

Discounts: VetFran, Women, Minorities? Veterans receive a 15% discount off the franchise fee

Royalty: Sliding scale: 7 ½% of first $125,000 in Gross Sales per year, 7% on $125,001 - $250,000, 6½% on $250,001 - $500,000, 6% on $500,001 - $1,000,000, 5½% on $1,000,001 - $1,500,000 and 5% on Gross Sales over $1,500,000

Ad: Sliding scale: 2.5 % $0 - $125,000, 2.25% $125,001 - $ 250,000, 2.0 % for all gross sales above $250,000

Average # of Employees: Business model varies from single to multi-person, 30% are husband and wife teams, some offices hire a marketing person(s), and some have multiple inspectors.

Passive Ownership Allowed: No

Earnings Claims: Yes, US system average: $158,854

 

Franchise Sales

Single Unit: Yes
Multiple Units: Yes
Area/Master Developer: No
Resales: No

 

International Expansion

International Expansion Opportunities: No
Single Unit Availability Outside U.S.: No
Multiple Unit Availability Outside U.S.: No
Area Development or Master Avail.: No
Cash Investment: $42,500
Total Investment: $59,350

Notes:

Cash Investment: $42,500 104,350 = total start up cost range
Minimum Net Worth: $80,000 - $100,000
Minimum Liquid Assets: $45,000 - $60,000 (plus the ability to cover personal living expenses for 6-18 months)
Franchise Fee: $42,500

 

Support & Training Provided

Financial Assistance Provided: No
Site Selection Assistance: No
Lease Negotiation Assistance: No
Co-operative Advertising: Yes

Notes:

Site Selection Assistance: no site/location necessary. Home-based business, work from home.
Co-operative Advertising: All of the marketing materials are created for the franchisee to use in their local markets

Training:

Training is covered in the franchise fee for you and any employees/inspectors you hire throughout the life of your franchise. HouseMaster provides pre, post and classroom training through the National Institute of Building Inspectors (NIBI), the only approved vocational training program offered through a home inspection franchise. HouseMaster is unique in that we provide a personal business coach to take you from start to flourish, meaning you will have assistance through pre-training before attending 2 weeks of NIBI training in Bound Brook, NJ. Once classroom training is complete the coaching will continue on a weekly basis until you reach 5 inspections per week. The NIBI Field Practicum will provide hands-on training and NIBI’s online university is available for continuing education, to brush up on subjects or as a way to train new inspectors you may hire. Housemaster provides all of the technical training you need, and continued technical updates to position our franchisees and inspectors as the experts on everything home inspection in their markets. In addition, we provide comprehensive operations, marketing, customer service and general business training/support for successful business ownership.

 

Get Started!

Freddy O'Pry

Franchise Development

281-342-7474