HouseMaster is known for its home inspection and great customer satisfaction, and if you want to diversify your portfolio, then the HouseMaster franchise is one of the great opportunities for you.
In this article, we will discuss everything related to the HouseMaster franchise, like its profit, franchise fee, investment, and other expenses. So, let’s begin.
Ken Austin founded a home inspection company in 1971 as HouseMasters. And now, HouseMaster is one of the oldest and most respected names in home inspection throughout North America.
In 1979, it began selling franchises, and in the same year, the first franchise store was opened in the USA. Currently, it has more than 272 units across North America.
Housemasters offer a remunerative franchise for entrepreneurs who are willing to invest in the home inspection franchise.
Moreover, franchisors support and help the franchisees in many ways. They provide a training program, financing, and as well as venture discount for eligible candidates.
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HouseMaster Franchise Model
|Initial Investment||$61,100 – $107,650|
|Total Outlets||272 Units|
Training & Support Of HouseMaster Franchise
HouseMaster provides an initial training period to all new franchisees.
The program consists of two phases: the first phase includes marketing and operation related to the HouseMaster business, which is around two days, and the second phase is around eight days which includes technical training and building inspection education and skills, but it is just a general overview of the industry.
In some cases, they also provide in-depth training and knowledge of home inspector licenses and certifications.
It is compulsory for the franchisees to complete the initial training program, and also, they need to pass a comprehensive test for the stratification of the franchisor.
Term Of Agreement & Renewal
The initial length of the franchise agreement is 10 years. The agreement can be renewed for another 10 years.
But there are some conditions mentioned by the franchisors which have to be fulfilled by franchisees.
Also Read: Pillar To Post Home Inspectors Franchise
How Much Does HouseMaster Franchise Make?
There are different factors that determine the profitability of HouseMasters.
In the case of the HouseMaster franchise, there is a possibility that the profit margin will be high because of its goodwill and reputation.
Moreover, the franchisor never charges any additional fees or royalty fees to franchisees which is also a good point.
So, there is a possibility that franchisees can make a good amount of profit.
|Initial Investment||$61,100 – $107,650||$30,125-$41,900|
|Annual Revenue||$30 Million||$21.4Million|
Frequently Asked Questions
How much does it cost to own a HouseMaster Franchise?
Opening a HouseMaster franchise requires an initial investment of $61,100 – $107,650 and a minimum of $30,000 in liquid cash.
How many HouseMaster franchises are there?
There are more than 272 HouseMaster franchise locations in North America.
Does the HouseMaster franchise offer a venture discount?
Yes, HouseMaster offers an off $6,000 as a venture discount.
Does HouseMaster support third-party finance?
Yes, HouseMaster supports third-Party finance.
Amit Gupta is the founder of DrFranchises. He has a keen interest in investments, and has thus far invested in a few franchises. Franchise businesses are his forte- he knows all there is to know about their space requirements, fees, ROI potential, and business models. This makes him an ideal candidate for anyone looking to invest in a franchise