HouseMaster

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 almost 400 franchises. Our company culture focuses on franchise relationships, support, technical proficiency, proven marketing methods, aggressive risk management tools and cutting edge technology. HouseMaster’s high level of success has earned us the #1 home inspection franchise ranking in Entrepreneur Magazine for 2009 and 2010. This year, HM was also named the number one home inspection franchise in Franchise Business Reviews Annual Franchise Satisfaction Survey.

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 recertification. 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’ve been a featured presenter at international real estate tradeshows 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: 360
Company Owned Units: 0
Projected New Units (12 months): 30
States/Countries Registered In: USA and Canada
Availability in Canada: Masters / Area Developer: Yes in Canada
States, from which Broker Referrals are being accepted: All USA and all Canadian provinces except for Quebec

Financial/Terms

Cash Investment: $39,500
Total Investment: $54,500 – $81,200 = total start up cost range
Minimum Net Worth: $80,000
Minimum Liquid Assets: $40,000
Franchise Fee: $39,500
Discounts: VetFran, Women, Minorities? Veterans receive a 15% discount off the franchise fee
VetFran Program Participant: Yes
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

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