The Inspection Boys Franchise Cost, Revenue & Failure Rate 2024

The Inspection Boys Franchise

Are you looking for a home inspection franchise? If yes, the Inspection Boys franchise may be the right choice for you. Choosing a franchise is a big step, so it’s crucial to know everything about it.

Here, we’ll discuss the details of the Home Inspection Boys franchise so you can see if this opportunity is right for you.


About The Inspection Boys

Inspection Boys Renewal Of Agreement

The Inspection Boys aims to be a leader in the home inspection industry. Their services set the standard for other companies.

They always provide an honest and clear evaluation of every property. With an expert team and helpful customer service, they offer top-notch inspection services. They are dedicated to delivering quick and true reports for all their customers.


The Inspection Boys Franchise Model

ItemDetails
Initial Investment$45,000 – $65,000
Franchise Fee$40,000
Royalty-Fee7%
Liquidity$50,000
Area RequirementN/A
Estimated Outlets7

The Inspections Boys offer a budget-friendly franchise. They are there for you every step of the way. They provide support to manage daily tasks and even have Venture discounts for qualified candidates.


Renewal Of Agreement

The initial agreement lasts ten years. Information on renewal isn’t available, but experts believe it may be possible if the business is doing well.

You can learn more from the company or check the franchise disclosure document.


Training & Support Of The Inspection Boys Franchise

The Inspections Boys don’t offer training but don’t require prior experience either. They believe anyone can do a home inspection or hire an inspector. They are committed to helping you grow your business and succeed.


The Inspection Boys Franchise Revenue & Profit

The revenue and profit for each Inspection Boys franchise can change based on things like where the business is and how big it is. The company hasn’t given any details about how much money its franchises make.

Businesses in the inspection industry usually make about $144,000 in total sales or $350 for each inspection. So, we think that owning an Inspection Boys franchise could be a way to make money.


The Inspection Boys Franchise Failure Rate

Franchised Outlets:

YearOutlets at the Start of the YearOutlets at the End of the YearNet Change
202005+5
2021550
2022414+10

For the Franchised outlets:

  • In 2020, the growth rate was (5)/0×100≈can’t be divided by zero
  • In 2021, the failure rate was (0)/5×100≈0.00%
  • In 2022, the growth rate was (10)/4×100≈250%

According to the above-mentioned data, we can see that the franchised outlets for The Inspection Boys grew in 2020 and 2022, showing a growth rate of 250%.


Payback Period Of The Inspection Boys

With an investment of $65,000 and an estimated 10% profit on the average net sales, the yearly profit would be $14,400.

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

Payback Period = Investment / Yearly Profit = $65,000 / $14,400 = 4.5 years

Based on these figures, it will take approximately 5 years to pay back the initial investment for The Inspection Boys. This time period could be longer or shorter depending on your sales, revenue, and profit figures.

If opening a home inspection franchise appeals to you, consider BrickKicker Franchise, Pillar To Post Franchise, National Property Inspection, TrueBlue House Care, or Inspect-It 1st as viable options.


The Inspection Boys Comparison

CompanyThe Inspection BoysAmerican Leak Detection
Founded In20151974
Initial Investment$45,000 – $65,000$76,755-$259,550
Franchise-Fee$40,000$15,675-$20,900
Total Outlets7175
Annual Revenue$1.8 Million $8.8 Million

Conclusion

The Inspection Boy franchise is a top choice in home inspection franchising. It could be a smart move for you.

Before buying, always check the franchise disclosure document, as there may be misleading information online. Protect your investment by reading all documents with care. We hope you found this article helpful.


Frequently Asked Questions

How many Inspection Boys franchises are there?

There are 7 Inspection Boys franchise locations in North America. 

Does Inspection Boys offer franchises?

Yes, Inspections Boy offers franchise opportunities with a low-cost investment.

How much does The Inspection Boys franchise cost?

The initial investment required for the Inspection Boys is $45,000 – $65,000, with a franchise fee of $40,000.

Who owns The Inspection Boys?

The CEO of the company is Matthew Rivera. It is owned by The Inspection Boys Franchise

Where is The Inspection Boys headquartered?

The headquarters of The Inspection Boys is located in Virginia Beach, VA.

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