Start-Up Costs and Fees |
||
| The Inspection Boys | HomeVestors of America | |
| Investment | 35000 - 55000 | 70000 - 426250 |
| Franchise Fee | 0 | |
| Royalty Fee | 4-6% | Varies |
| Advertising Fee | 3% | Varies |
| Year Founded | 0 | 1989 |
| Year Franchised | 0 | 1996 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| The Inspection Boys | HomeVestors of America | |
| Experience | The basic requirements would include anyone with a sales background, former managers, former sales people, former business owners, former marketing executives, and anyone with mold remediation, asbestos abatement, home repair, or carpentry experience. | General business experience |
Financing Options |
||
| The Inspection Boys | HomeVestors of America | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | Yes | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| The Inspection Boys | HomeVestors of America | |
| Training | Training is held in our HQ in New Jersey for 5 days. | 1 week initial training |
| Support | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market | |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | |
| Operations | Less than 5% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | |
Expansion Plans |
||
| The Inspection Boys | HomeVestors of America | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| The Inspection Boys | |
| HomeVestors of America | |
| Franchise Fee | |
| The Inspection Boys | |
| HomeVestors of America | |
| Royalty Fee | |
| The Inspection Boys | 4-6% |
| HomeVestors of America | Varies |
| Advertising Fee | |
| The Inspection Boys | 3% |
| HomeVestors of America | Varies |
| Year Founded | |
| The Inspection Boys | 0 |
| HomeVestors of America | 1989 |
| Year Franchised | |
| The Inspection Boys | 0 |
| HomeVestors of America | 1996 |
| Term Of Agreement | |
| The Inspection Boys | |
| HomeVestors of America | 5 years |
| Renewal Fee | |
| The Inspection Boys | |
| HomeVestors of America | |
Business Experience Requirements |
|
| Experience | |
| The Inspection Boys | The basic requirements would include anyone with a sales background, former managers, former sales people, former business owners, former marketing executives, and anyone with mold remediation, asbestos abatement, home repair, or carpentry experience. |
| HomeVestors of America | General business experience |
Financing Options |
|
| Franchise Fees | |
| The Inspection Boys | |
| HomeVestors of America | |
| Start-up Costs | |
| The Inspection Boys | |
| HomeVestors of America | |
| Equipment | |
| The Inspection Boys} | |
| HomeVestors of America | |
| Inventory | |
| The Inspection Boys | |
| HomeVestors of America | |
| Receivables | |
| The Inspection Boys | |
| HomeVestors of America | |
| Payroll | |
| The Inspection Boys | |
| HomeVestors of America | |
Training & Support |
|
| Training | |
| The Inspection Boys | Training is held in our HQ in New Jersey for 5 days. |
| HomeVestors of America | 1 week initial training |
| Support | |
| The Inspection Boys | |
| HomeVestors of America | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market |
| Marketing | |
| The Inspection Boys | |
| HomeVestors of America | Co-op advertising, Ad slicks, Regional advertising |
| Operations | |
| The Inspection Boys | |
| HomeVestors of America | Less than 5% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| The Inspection Boys | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| HomeVestors of America | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | |
| The Inspection Boys | |
| HomeVestors of America | |
| International Expansion | |
| The Inspection Boys | |
| HomeVestors of America | |