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 2023. If you’re considering starting or growing a business, this guide will walk you through all you need to know about AmeriSpec.
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:
| Item | Amount |
|---|---|
| Initial Investment | $53,600 – $72,300 |
| Royalty Fee | 7% |
| Franchise Fee | $24,900 |
| Liquidity | $22,000 |
| Total Outlets | 200 |
AmeriSpec Franchisor Revenue & Net Income
| Metric | Amount for 2021 | Y/Y % Change 2021 | Amount for 2020 |
|---|---|---|---|
| Franchisor Revenue | $301,600,000 | -0% | $302,600,000 |
| Franchisor Royalty Fees | $141,300,000 | -0% | $141,400,000 |
| Franchisor EBITDA | $87,800,000 | 74% | $50,500,000 |
| Franchisor Net Income | $88,200,000 | 367% | $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.
AmeriSpec Payback Period
The payback period for investing in the AmeriSpec franchise is 1.9 years, indicating the time it takes to recover the initial investment.
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 Failure Rate
| Year | Start of Year | Units Opened | Units Closed | End of Year |
|---|---|---|---|---|
| 2016 | 188 | 13 | 25 | 176 |
| 2017 | 185 | 14 | 25 | 174 |
| 2018 | 176 | 28 | 19 | 169 |
| 2019 | 169 | 7 | 7 | 169 |
| 2020 | 169 | 12 | 4 | 177 |
| 2021 | 177 | 8 | 3 | 182 |
The AmeriSpec franchise has seen a fluctuation in its failure rate over the past six years. While there have been additions of new units, the failure rate has been a point of focus.
The failure rate peaked in 2016 and 2017 with 25 units closing each year, corresponding to a 13.3% and 13.5% failure rate respectively.
More recently, the failure rate has decreased, showing 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
| Company | AmeriSpec | HouseMaster |
|---|---|---|
| Founded In | 1998 | 1987 |
| Initial Investment | $53,600-$72,300 | $61,100 – $107,650 |
| Franchise-Fee | $24,900 | $42,500 |
| Total Outlets | 200 | 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.
Amit Gupta is an experienced expert in digital marketing and co-founder of DrFranchises. With more than 11 years of knowledge in franchise digital marketing, SEO, email marketing, and social media marketing, Amit has helped many brands achieve incredible success online. As a passionate entrepreneur and owner of 7 franchises, he continues to study franchise models, looking at costs, revenue, and profitability to guide brands toward profitable growth. When he’s not working on digital marketing, Amit enjoys spending time playing with his beloved dog.