Understanding your investment is crucial to a successful career as a business owner. Here's what you should know about our home inspection franchise investment.
Prospective franchisees are generally looking for businesses that minimize costs, while yielding the greatest chance of turning a profit. Unfortunately, many industries are in decline, oversaturated, or are dominated by a single company with a monopoly on the market. Our industry is unique in that it has truly been thriving in recent years, and is projected to continue growing in the near future. Our franchise model has been designed to minimize fees, set our franchisees up for the highest return, and give them valuable support. Here's everything you need to know about the home inspection franchise investment to get started.
Initial Startup Costs
Franchisees are always keen to invest in a low-cost franchise with minimal upfront expenses and launch their franchise without feeling like they've broken the bank. That's why we've kept our home inspection franchise investment relatively low. The franchise fee is a manageable $21,900, with affordable financing available for $9,000 of the total. If you're a veteran or an existing home inspector, there's further assistance available. Keep in mind, too, that we require 7% of gross revenue as a royalty payment. As with any investment, you'll want to know what you can expect in return. While exact projections are impossible to make, the average gross revenue of a Pillar To Post franchisee has increased by 35% since 2012, and is continuing to grow steadily. Our low startup costs and average ROI truly make us one of the most affordable home inspection franchise investments in North America.
Support Network
If you don't have a ton of business experience, don't worry. We don't expect our new franchisees to be experts, which is why we have a team of 30+ people who are experts dedicated to assisting you in growing your franchise and guiding you toward success. We assign each of our franchisees a personal business coach, whose job is to help you achieve your goals. These coaches have years of experience in franchising and the home inspection industry, are trained to address any questions you may have and provide useful resources to make your investment worthwhile.
A Promising Industry
While competition is healthy, we probably all agree that the less competition for your franchise the better. Many industries are saturated with similar franchises, but not ours. When you make the home inspection franchise investment, you won't be entering an industry where one company has a monopoly, and you must struggle to carve out your own market share. Home inspection is a $3 billion industry right now, with 4.6% annual growth. Millennials eager to settle into their first house will comprise a huge portion of homebuyers this year. Timing is essential in any business venture, and now is a great time to make the home inspection franchise investment.
To learn more about the home inspection franchise investment with Pillar To Post, reach out to us here to get started.