HomeTeam Inspection Service franchise
2024 filing · April 1, 2024GrowingShares sales figures
HomeTeam Inspection Service at a glance
A home inspection business inspecting single-family homes and some multi-family buildings for buyers and sellers. At the end of 2023 there were 198 HomeTeam Inspection Service locations in the US, all franchised.
The business
- Franchisor
- The HomeTeam Inspection Service, Inc
- The company that sells the franchises
- Current franchisor selling since
- 1992
- 32 years of selling franchises
- Franchisor based in
- Milford, Ohio
What you pay
- Cost to open
- $60K–$87K
- Fee, build-out and opening working capital
- Franchise fee
- $45K–$65K
- Depends on territory size: $45,000, $55,000 or $65,000.
- Royalty
- 6% (tiered)
- 6% of gross sales on the first $500,000 a year, stepping down to 4% above $1 million, with an annual minimum
- Renewal fee
- $2,500
- When the agreement ends and you sign again
- Agreement length
- 10 years
- Territory
- Protected
- Protected territory
- Franchisor financing
- Some financing offered
Where it is
- US locations, 2023
- 198
- Franchised and company-owned
- Franchised
- 198
- Company-owned
- 0
- Change in 3 years
- +11
- Franchised locations, 2021–2023
- States
- 38
- Most in Florida, Texas and California
From The HomeTeam Inspection Service, Inc’s 2024 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
HomeTeam Inspection Service among all franchises with the same figure.
| Figure | HomeTeam Inspection Service | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $73,450 | Costs less than 93% of franchises |
| Franchise feePaid once, when you sign | $45,000 | Higher than 55% of franchises |
| US locationsFranchised and company-owned | 198 | More than 86% of franchises |
How much a HomeTeam Inspection Service franchise costs
Opening one HomeTeam Inspection Service costs an estimated $60,100 to $86,800. That covers the franchise fee and everything else needed to open, through the first months of working capital. It is one of the low-cost franchises.
Source: The HomeTeam Inspection Service, Inc, 2024 filing, page 12
HomeTeam Inspection Service franchise fee
The franchise fee is $45,000 to $65,000, Depends on territory size: $45,000, $55,000 or $65,000.. You pay it when you sign the franchise agreement.
Source: The HomeTeam Inspection Service, Inc, 2024 filing, page 8
Royalty and ongoing fees
| Royalty | 6% of gross sales on the first $500,000 a year, stepping down to 4% above $1 million, with an annual minimum. |
|---|---|
| Digital Marketing Fee | $229 per month |
| Transfer Fee | $10,000 |
| Renewal Franchise Fee | $2,500 |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: The HomeTeam Inspection Service, Inc, 2024 filing, page 9
Other fees as filed, from page 9. The filing lists every fee, including late fees and audit costs.
Sales and earnings
Shares figures HomeTeam Inspection Service publishes sales or earnings figures for its locations. The full tables, with notes on which locations are counted, are in its filing.
- Average revenue
- $281,333
Yearly figures for 2023, per franchisee, ownership groups in business at least two calendar years, reporting all 12 months of 2023. The filing gives an average for each quartile rather than one overall figure; this is the overall average worked out from those and each one's number of locations.
Sales are what the business takes in before rent, payroll, royalties and other costs, not what its owner keeps.
Source: The HomeTeam Inspection Service, Inc, 2024 filing, pages 34–35
SBA loans to HomeTeam Inspection Service franchisees
Lenders approved 41 SBA 7(a) loans for HomeTeam Inspection Service franchisees from 1995 to 2026, $4.75M in all. Of the 25 that have ended, 17 were paid in full and 8 were charged off (32%). The other 16 haven’t ended yet.
A charged-off loan is one written off as uncollectible. See SBA franchise loans for how 7(a) and 504 loans work.
Source: SBA 7(a) and 504 loan data, as of September 30, 2026
Growth and closures
Share of franchised locations, 2023 / 2021–2023. Typical means the median: half of brands are above it, half below.
| Measure | HomeTeam Inspection Service | Typical business services brand | Typical franchise |
|---|---|---|---|
| GrowthNet change in franchised locations | −2% / +5.9% | 0% / +3.6% | +1.2% / +10% |
| ClosuresTerminated, not renewed or stopped operating | 6.4% / 15% | 5.9% / 25% | 3.9% / 16% |
| Bought backLocations the franchisor took back | 0% / 0.5% | 0% / 0% | 0% / 0% |
Typical business services brand is the median of the 114 brands in business services franchises with three years of counts.
How HomeTeam Inspection Service compares
Of the 324 business services franchises on this site, HomeTeam Inspection Service is the 115th cheapest to open and the 36th largest by number of locations.
| Figure | HomeTeam Inspection Service | Typical business services brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $60K | $77K | $222K |
| Cost to open, high end | $87K | $136K | $477K |
| Franchise fee | $45K | $45K | $40K |
| US locations | 198 | 32 | 21 |
| Shares earnings figures | Yes | 187 of 324 | 2,147 of 3,352 |
Typical is the median across the 324 brands in business services franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned | Opened | Closed |
|---|---|---|---|---|
| 2021 | 198 (+11) | 0 | +19 | −8 |
| 2022 | 202 (+4) | 0 | +12 | −8 |
| 2023 | 198 (−4) | 0 | +9 | −13 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: franchise failure rates.
Source: The HomeTeam Inspection Service, Inc, 2024 filing, page 39
Where HomeTeam Inspection Service locations are
At the end of 2023, HomeTeam Inspection Service had franchised locations in 38 states. The most are in Florida, Texas and California.
- Florida32
- Texas19
- California11
- North Carolina10
- Ohio10
- Georgia9
| State | Franchised |
|---|---|
| Florida | 32 |
| Texas | 19 |
| California | 11 |
| North Carolina | 10 |
| Ohio | 10 |
| Georgia | 9 |
| Illinois | 8 |
| Michigan | 7 |
| Colorado | 6 |
| Tennessee | 6 |
All 38 states
Source: The HomeTeam Inspection Service, Inc, 2024 filing, page 40
Who owns HomeTeam Inspection Service?
HomeTeam Inspection Service franchises are sold by The HomeTeam Inspection Service, Inc. Its filing names no parent company.
From The HomeTeam Inspection Service, Inc’s 2024 filing, page 7.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | Yes. The filing describes past or pending cases involving the franchisor, its affiliates or its executives on page 8. |
|---|---|
| Bankruptcy | None. The filing says no bankruptcy has to be disclosed. |
Franchisors must disclose lawsuits and bankruptcies involving the company, its parents and affiliates, and its executives. Many cases are routine disputes with franchisees over fees or contracts; read the descriptions in the filing and ask current owners about anything that worries you.
Source: The HomeTeam Inspection Service, Inc, 2024 filing, litigation on page 8, bankruptcy on page 8
HomeTeam Inspection Service filings
The figures on this page come from The HomeTeam Inspection Service, Inc’s 2024 filing, issued April 1, 2024, on record with the Minnesota Department of Commerce.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2024 filing | April 1, 2024 | Minnesota | Costs, fees and locations, 2021–2023 |
Each link opens the filing as a PDF. See the newest filings across all brands.
Other business services franchises
All business services franchises
HomeTeam Inspection Service is also on these lists: home service franchises.