The home inspection market is one of the biggest and most active markets in the United States and in the world.
According to the National Association of Realtors, there were 7 million households sold in 2021, and about 90% of them required a home inspection.
As someone who rents or owns a house, even you probably had to do a home inspection to make sure everything was okay.
During the process, you probably heard of WIN Home Inspection. The company is one of the biggest and fastest-growing home inspection businesses in the United States.
Because of their popularity and success, you might have considered opening a WIN Home Inspection franchise branch to get a part of that revenue.
This article will show you all about the WIN Home Inspection business and the franchise opportunity.
About WIN Home Inspection
WIN Home Inspection; World Inspection Network is a home inspection company specializing in home inspection services for buyers, sellers, and homeowners.
They provide a wide range of inspection services, including structural, mechanical, electrical, and plumbing systems inspection.
They are one of the fastest-growing franchise businesses in the home inspection industry. Their success was crowned with them being rated in the Top-100 Franchises list nationally.
WIN Home Inspection is committed to delivering accurate, detailed, and timely reports that help clients make informed decisions about their property investments.
With a focus on customer service and satisfaction, WIN Home Inspection has grown into one of the leading home inspection franchises with over 250 locations across the United States.
In addition to inspection services, WIN Home Inspection offers a range of ancillary services, including radon testing, mold inspections, and energy audits.
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WIN Home Inspection History
WIN Home Inspection was founded in 1993 by Thomas A. Knapp in Seattle, Washington.
They were first providing their home inspection services to the local real estate industry, but the services were in high demand.
This allowed them to quickly expand to other regions in the United States, eventually leading to franchising in 1994.
They first started to expand to Pacific Northwest regions through franchising and then turned to many more states in a short time.
Since then, WIN Home Inspection has grown into a national franchise with over 200 locations across the United States.
WIN easily grew through franchising because entrepreneurs can quickly launch the business without any inventory, space, or warehouse.
The main goal is to provide exceptional home inspection services across all their company and franchise-owned stores.
They are able to keep up with the quality despite the rapid growth through franchising.
WIN Home Inspection Franchise Business Model
| Initial Investment | $30,125-$41,900 |
| Franchise | YES |
| Franchising Since | 1994 |
| Franchise-Fee | $17,175-$20,900 |
| Royalty-Fee | 7% or 280$ |
| Liquidity | $35,000 |
| Estimated Outlets | 270 |
How Much Does It Cost To Open A WIN Home Inspection Franchise?
WIN Home Inspection offers one of the cheapest costs to open a franchise. In total, you can expect to spend something between $30,125 and $41,900.
Compared to other businesses, this number is exceptionally low, mostly because you don’t need an inventory upfront and a need to own a physical store.
In addition, this initial investment number includes the franchise fee of between $17,000 and $20,900.
Other expected costs are travel, equipment, marketing tools, and insurance which could cost as high as $20,000 in total.
Depending on the size of the WIN Home franchise and the number of employees, this number could go higher or lower.
WIN Home Inspection Franchise Requirements
The franchisor doesn’t look for an extensive personal background to grant you the franchise opportunity.
You mostly need to complete the financial requirements, and then you can start a WIN Home Inspection franchise. The financial requirement is to have liquidity of $35,000.
Liquidity means the money you have access to either in cash or in cash equivalent.
For personal background, they don’t require a specific set of skills, but having experience in the industry could make things easier.
The more experience you have, the fewer chances of you getting rejected and the need for extra training.Â
WIN Home Inspection Profit & Revenue
WIN Home Inspection is not a public company, which means they are not entitled to share its financial numbers with the public. Because of this, there is no certain number from the company itself.
However, there are some reports that give us a glimpse of the revenue numbers of each WIN Home Inspection franchise branch.
In 2021, 44% of all WIN Home Inspection stores were open for more than a year, generating gross revenue of at least a year.
These stores generated an annual gross revenue of more than $100,000.
More than 35% of these stores exceeded the average gross revenue of all WIN Home Inspection franchise stores of $265,000.
These numbers are not publicly available and might not be completely accurate.
However, considering that WIN Home Inspection is one of the fastest-growing franchises, it is no surprise that most of their stores can stay alive and generate a high amount of gross revenue.
These numbers also show a high return on investment since the initial investment is about $40,000.
WIN Home Inspection Franchise Training and Support
WIN Home Inspection provides comprehensive training to the franchisee and their employees.
The training is done in classrooms, online, in the field, and through mentorship.
Classroom and online training’s aim is to teach the franchisee the necessary operational skills to run the business.
The field training, which happens at a designated store, focuses on business operations, technical aspects, and the daily operations of a store.
The field training lasts for two weeks, and the franchisee and the franchisor choose the designated location.
WIN Home Inspection also offers continuous training along with marketing and software support.
WIN Home Inspection Franchise Terms of Agreement and Renewal
The length of the initial franchise agreement you will sign is going to be for five years. After the initial term, you have the option to renew it for another five years.
You will have the chance to renew for up to six terms every five years if you meet the conditions.
The franchisor can reject the renewal request at the end of your term if they are not satisfied.
If you only meet the requirements and don’t break the contract, you can renew it for further terms.
WIN Home Inspection Franchise Obligations and Restrictions
WIN Home Inspection requires the franchisees to actively participate in the daily operations on a full-time basis of their franchise business.
If the franchisee can’t do this, they have to designate an owner that will oversee the operations.
This person will also represent the franchisee in communications and all interactions with the franchisor.
The designated owner also can’t participate in any other activity requiring management responsibility.
Any activity that conflicts with the full-time obligations of the designated owner is prohibited.
In addition, the franchisee can’t sell any other service or product other than the approved ones by WIN Home Inspection.
WIN Home Inspection Franchise Financial Assistance
WIN Home Inspection has a direct financial assistance option but only for the initial franchise fee and not for the other parts of the initial investment.
They offer up to $8,000 of loans with terms of up to 36 months if you sign a promissory note along with your franchise agreement. The interest rate on the loan is fixed at 5%.
Other than this initial franchise fee funding of up to $8,000, the franchisor doesn’t provide any other assistance.
They do not take on the responsibility of the franchisee’s loans, property costs, or other related operational obligations.
The mentioned direct assistance is only on loans with installments and not another kind of assistance.
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WIN Home Inspection Comparison
| Company | Franchise Fee | Royalty Fee | Initial Investment |
|---|---|---|---|
| HomeTeam Inspection Service | $35,000-$55,000 | 4-6% | $50,100-$76,800 |
| Pillar to Post Home Inspectors | $28,500 | 7% | $44,285-$54,435 |
| WIN Home Inspection | $17,175-$20,900 | 7% | $30,125-$41,900 |
Conclusion
WIN Home Inspection is one of the biggest home inspection companies in an industry that is worth billions of dollars.
Even though the industry is huge and there is a big market, the start-up costs of WIN Home Inspection are relatively low.
This makes them a lucrative business opportunity if you are looking to enter into the entrepreneurship world.
You can expect to spend $40,000 as the initial investment, and most stores achieve a gross annual revenue of $100,000.
This shows that the return on investment on WIN Home Inspection is extremely fast and high compared to other franchises.
FAQ
Who is the CEO of WIN Home Inspection?
Praful Mittal is the current CEO of the company. He has been holding that spot since January 2019.
What is the initial franchise fee for opening a WIN Home Inspection?
The initial franchise fee that you have to pay upfront is $20,900 for a WIN Home Inspection franchise.
If you are a veteran or belong to a special discount group, you only need to pay $17,175.
Can everyone open a WIN Home Inspection franchise?
Despite many other franchise businesses, WIN Home Inspection doesn’t require potential franchisees to have experience in the industry or with the company.
Although it helps you to get approved for a franchise, it is not a must. As long as you can complete the financial requirements, anyone can open a WIN Home Inspection franchise.
Sources
https://winfranchising.com/home-inspection-franchise-cost/
https://www.hometeamfranchise.com/investment-information/
Amit Gupta is the founder of DrFranchises – a digital marketing agency that helps brands rank better on Google Maps through local SEO strategies. Amit has over 11 years of experience in digital marketing, SEO, email marketing, and social media marketing. He’s also the owner of multiple franchises and has helped countless brands achieve success online. When he’s not working, Amit can be found playing with his dog.