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Home > Franchises > HomeTeam Inspection Service
HomeTeam Inspection Service
A franchise agreement takes place when the concerned parties involved are bound together through certain contractual provisions. This is an arrangement whereby someone with an idea for a business, the franchisor, sells to another person the franchisee the rights to use the business's name, sell a product, or provide a service to someone else. A franchise agreement will usually specify the given territory the franchisee retains exclusive control over the area protection, as well as the extent to which the franchisee will be supported by the franchisor.
Paul Spires, started a home inspection business in Cincinnati in 1992, and soon became so successful that he franchised the idea. It started franchising in 1992. HomeTeam’s inspectors thoroughly examine a home’s construction and equipment for defects and problems. HomeTeam services include pest inspections, radon testing, lead testing, asbestos testing, pool inspections and well or septic testing. The company also offers a 90 day warranty covering the home’s mechanical and structural components. The HomeTeam Inspection Service Incorporation is affiliated with the Women’s Council of Realtors, the Home Builders Association, the National Association of Home Builders and the Employee Relocation Council.
Franchisor is a privately held company with 25 employees and 13 employees in franchise department and they also provide Home inspection service. There costs and fees include total investment is 19.9000 to 49.1000 dollars, Franchise fee is 11.9000 to 29.9000 dollars, ongoing royalty fee is 6 percent and there term of agreement is 10 years, renewable. Because of good service they represent in some raking according to Entrepreneur magazine 2002-2006. That includes Franchise 500 rank is 64 in 2006, 171 in 2005, 144 in 2004, 116 in 2003, 160 in 2002. Top home based franchises rank is 44 in 2006, 43 in 2005, 33 in 2004, 23 in 2003 and 30 in 2002. America's Top Global Franchises rank is 130 in 2006, 131 in 2005, and 114 in 2004.
Throughout the growth of The HomeTeam franchise network, their primary focus has remained the same as to offer top quality home inspections, while running an effective and efficient operation to help control costs. This high value, low cost combination is the bedrock of their operating philosophy.
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