AmeriSpec Franchise Owner Salary, Failure Rate, Profit 2024

AmeriSpec is a top home inspection franchise that’s been offering quality services since 1987. With a chance to start a business with low investment and minimal risk, AmeriSpec could be a great choice for entrepreneurs and investors.

This franchise has over 800 locations in the United States and Canada and stands as one of the 10 Best Home Inspection Franchises of 2024. If you’re considering starting or growing a business, this guide will walk you through all you need to know about AmeriSpec.

AmeriSpec Franchise Cost

About AmeriSpec

AmeriSpec has a solid reputation for its home inspection services. With more than 30 years of experience, this company provides franchising opportunities even for those without prior industry knowledge.

This franchise opportunity is low-cost and home-based, and third-party financing and venture discounts are available for qualified candidates.

History Of AmeriSpec

Founded in 1992 by Brian and Gary Gudim, AmeriSpec quickly became a leader in the home inspection field. From 1996 to 2007, it expanded into Canada and established itself as one of the largest home inspection networks in North America.

In 2007, AmeriSpec was bought by ServiceMaster, enabling further growth and technological advancement. This ownership allowed them to create innovative digital reporting systems and specialized training programs.

Today, AmeriSpec is known for high-quality home inspections and continues to be a trustworthy company in North America.

AmeriSpec Franchise Model

Here’s a look at the investment details:

Initial Investment$53,600 – $72,300
Royalty Fee7%
Franchise Fee$24,900
Total Outlets200

AmeriSpec Franchisor Revenue & Net Income

MetricAmount for 2021Y/Y % Change 2021Amount for 2020
Franchisor Revenue$301,600,000-0%$302,600,000
Franchisor Royalty Fees$141,300,000-0%$141,400,000
Franchisor EBITDA$87,800,00074%$50,500,000
Franchisor Net Income$88,200,000367%$18,900,000

In a comparison of the financials between 2021 and 2020, Amerispec’s franchisor revenue and royalty fees remained stable with no change. However, there were significant positive changes in both EBITDA and Net Income.

EBITDA saw a growth of 74%, increasing to $87,800,000 in 2021 from $50,500,000 in 2020, while Net Income surged to $88,200,000, representing a 367% increase.

These numbers point to strong improvements in profitability, despite the static revenue and royalty fees.

How much does Amerispec Franchise Owner Make A Year?

Considering an initial investment of $53,600 – $72,300 for the AmeriSpec Franchise and a payback period of 1.9 years, the profit per year would range from approximately $28,211 to $38,053.

AmeriSpec Payback Period

On the basis of the total investment of $72,300 and a yearly profit of $38,053, we can calculate the payback period of AmeriSpec.

So, to find out how long it will take to earn back the initial investment:

Payback Period = Total Investment / Yearly Profit = $72,300 / $38,053 = 1.8 years

Based on these figures, it will take approximately 2 years to pay back the initial investment for AmeriSpec. This time period could be longer or shorter depending on your sales, revenue, and profit figures.

AmeriSpec Failure Rate

Franchised Outlets:

YearOutlets at the Start of the YearOutlets at the End of the YearNet Change

For the Franchised outlets:

  • In 2018, the growth rate was (9)/176×100≈5.11%
  • In 2019, the failure rate was (0)/185×100≈0.00%
  • In 2020, the growth rate was (7)/185×100≈3.78%

From the above table, we get the impression that AmeriSpec franchise outlets grew in 2018 and 2020, showing a growth rate of 5.11% and 3.78%, respectively. The company experienced stagnation in the year 2019, showing a failure rate of 0.00%.

With the decreased failure rate, the company shows signs of stability within the franchise. This trend suggests a strengthening position with reduced failure rates in the business.

Ideal Candidates For AmeriSpec Franchise

AmeriSpec welcomes individuals without prior experience, but they should have business-minded skills.

They look for those who have pride in helping others, have some knowledge of home inspection, strong management, excellent customer service, and the ability to provide robust inspection reports.

Training & Support of Amerispec Franchise

AmeriSpec ensures that franchisees are well-trained. The program includes classroom training, in-field inspection, and hands-on technical training.

Before opening a franchise, attendance at this training is required. Additionally, AmeriSpec offers support in marketing, online strategies, and other essential areas to aid in your business success.

AmeriSpec Comparison

Founded In19981987
Initial Investment$53,600-$72,300$61,100 – $107,650
Total Outlets200 272
Annual Revenue$82 Million$30 Million

Frequently Asked Questions

How many AmeriSpec franchises are there?

There are more than 200 AmeriSpec franchise locations in North America. 

Do AmeriSpec support fincancig?

Yes, it supports third-party financing. 

Is AmeriSpec a Franchise?

AmeriSpec is a privately held company that offers an exciting franchise opportunity to entrepreneurs.

How much does an AmeriSpec franchise Cost?

The initial investment required to open an AmeriSpec franchise is $53,600-$72,300, with a franchise fee of $24,900.

Who is the owner of Amerispec?

AmeriSpec is owned by AmeriSpec Services, LLC, a leading home inspection and property services company with more than 300 locally owned and operated offices in the United States and Canada.

Who founded AmeriSpec?

AmeriSpec was founded by Jim Woodford. He is also the CEO of the company.

Where is the headquarters of AmeriSpec?

The headquarters of the company is located in Memphis, Tennessee, United States.

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