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HouseMaster Home Inspections

Celebrating 30 years in the industry, HouseMaster is the most experienced, respected and innovative home inspection franchise system.  Since its inception in 1979, HouseMaster has performed nearly two million home inspections and has grown to almost 400 franchises. The HouseMaster company culture focuses on franchise relationships and support, technical proficiency, proven marketing methods, aggressive risk management tools and cutting-edge technology.  Interviewed by media giants such as the Associated Press, The Today Show, Good Morning America, CNN, HGTV, USA Today and the NY Times, HouseMaster is considered a leading authority on home inspections. 

 

HouseMaster enjoys many firsts in the industry such as the customized NIBI® classroom and online training sessions, inspection and franchise guarantees, agent indemnification program, operation and marketing systems and on-site inspection reports.  HouseMaster franchisees are among the most experienced in the industry and are a great source of support, motivation and camaraderie for new franchisees. HouseMaster provides its franchisees with detailed business planning tools that allow them to budget their resources, ensure optimum performance, and carefully monitor their efforts. Any motivated professional who aspires to be the best will find himself in good company as part of the HouseMaster team.

 

Operating Units

12/31/2006

12/31/2007

12/31/2008

Franchised

311

355

334

% Change

--

14.1%

-5.9%

Company-Owned

15

10

10

% Change

--

-33.3%

0.0%

Total

326

365

344

% Change

--

12.0%

-5.8%

Franchised as % of Total

95.40%

97.26%

97.09%

 

Investment Required

The fee for a HouseMaster franchise is $27,500.  HouseMaster may offer financing of the initial franchise fee to qualifying franchisees.

 

HouseMaster provides the following range of investments required to open your initial franchise. The range assumes that all items are paid for in cash. To the extent that you choose to finance any of these expense items, your front-end investment could be substantially reduced.

 

Item

Established Low Range

Established High Range

Franchise Fee

$27,500

$27,500

Training Expenses

$500

$2,000

Marketing Materials and Supplies

$3,000

$6,000

Office Equipment and Furniture

$0

$2,000

Computer System

$0

$4,700

Rent

$0

$750

Prepaid Expenses

$250

$2,500

General Liability Insurance

$1,500

$2,500

Errors and Omissions  Insurance

$2,500

$3,500

Legal Services

$1,000

$2,500

HouseMaster Manual Deposit

$250

$250

Conference Travel Expenses

$1,000

$3,000

Additional Funds (3 months)

$6,000

$11,000

Total Investment

$43,500

$68,200

 

On-going Expenses

HouseMaster franchisees pay a royalty fee ranging from 5% to 7.5% of gross sales and an advertising fee ranging from 2% to 2.5% of gross sales.

 

What You Get—Training and Support

HouseMaster franchisees are provided with a business coach who guides them through the training and business start-up process and beyond, including managing time spent between inspections, sales processes and administrative processes. 

 

Franchisees undergo two to five weeks of initial training, where they are provided with the HouseMaster online home inspection primer and webinars on contractual issues, business plans and goal setting, marketing materials and additional services opportunities. Technical training at NIBI® (The National Institute of Building Inspectors – a state approved vocational school) in Bound Brook, NJ includes classroom sessions on residential construction, home inspection standards of practice, inspection procedures, training for contact management and report writing software and practicum sessions, as well as additional classroom sessions on operations, marketing and communication. Franchisees also benefit from NIBI® Distance Learning, a high-quality interactive internet program that is ideal for both training and continuing education. 

 

Franchisees communicate with each other as well as corporate staff on the InfoEx, HouseMaster’s private internet site.  The InfoEx also provides franchisees with general information and bulletins, important updates on a variety of issues and access to tools such as web page templates, email templates, printed materials to customize, realtor presentations, tradeshow materials, internet marketing options such as social networking and the HouseMaster Library. 

 

Territory

HouseMaster grants exclusive and protected territories.