Home Inspection Business For Sale

Not Disclosed, MO
St. Louis County

Greater St. Louis Area


Asking Price: Annual Revenue:
$26,000 $50,879

Services: Real Estate


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RE: Home Inspection Business For Sale Broker: Mike Morrissey

Quick Facts

Asking Price: $26,000
Annual Revenue: $50,879
Net Profit: $343
Cash Flow: $29,347
Total Debt: Not Disclosed
FF&E: $6,400
Real Estate: Not Disclosed
Year Established: 2011
Employees: 2
BBN Listing #: 413855286
Broker Reference #: 42590023

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Business Overview:

This home-based franchise inspection business includes radon detection services and equipment and termite inspection services. The Owner is willing to stay involved to help train and transition the operations of the business. The asking price includes ASHI membership (1-year) and all training and mentoring required for certification. This is a "One-Stop-Shop" business-in-a-box! No experience necessary- just an entrepreneurial desire to own and build your business.

This business was formerly a franchise home inspection business. However, the Franchisor transitioned away from the traditional franchise model and placed total ownership into the hands of the franchisees. The franchisees have now formed an Ownership Cooperative, which means they take advantage of all the benefits of a franchise (branding, systems, services, etc.) without the burden of franchise fees or royalties. This means you keep all of your profits and there is NO profit sharing! You get a franchise without the franchise fees!

The Owner has been using this business as a supplemental, or secondary, source of income in addition to his retirement pension. Imagine earning an additional $30k-$40k+ per year for minimal effort and at your own pace. In 2016, the Owner earned over $65,000 of discretionary earnings as a second income, doing something he enjoys!

When you review the financials, keep in mind this business was operated and performed by a single person who did the work when he felt like it. If you apply basic business disciplines and employ a marketing plan, then it would be feasible to assume you could significantly increase the earnings potential for yourself. Again, this was a sole-operator. If you build a team of inspectors, then you begin to leverage the ability to perform more services in a shorter period of time and you can scale the business operations accordingly.

Your Business Advisor can assist in developing a business plan and pro-forma based on the actual historical performance of the business.

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Property Features and Assets:

The Owner is willing to stay with the business to assist in training and mentoring, as needed. The purchase price includes one year of ASHI membership and the necessary training (courses, exams, and mentorship) required for ASHI certification. Compared to other franchises, the asking purchase price for this business, plus all the benefits of training, mentorship, certification, equipment, and business consulting- is far less than what you would pay to start a similar franchise, such as: HomeVestors of America = $70,000 AmeriSpec Inspection Services = $20,000* Pillar-to-Post Home Inspectors = $30,000* WIN Home Inspection = $30,000* * Does not include equipment, nor certification, nor consulting services. The purchase of this business includes 12-months of professional business consulting through our office to assist the new owner in building a successful business plan and marketing strategy.

Market Competition and Expansion:

This business has been an excellent source of supplementary income to the Owner, who was already collecting a retirement income. The owner worked at his own pace, set his hours as he liked, and enjoyed the social aspects of his business and helping people. In translation- he did the minimum necessary to run a professional business and make money. This means a new owner can do at least the same amount of work and earn a respectable part-time income. This business benefits from 8 years of owner experience on which techniques work in the business and which ones are a waste of time and effort. You get the benefit of starting on Day 1 with the best practices which others could take years to learn on their own. Additionally, this business has relied on "word-of-mouth" referrals and small grassroots and local marketing campaigns to attract clients, which has worked very well. There is an excellent opportunity to increase social media awareness of products and services and increase interactions by educating the public and sharing capabilities (event pics & videos; blogs/vlogs; testimonials; on-site live streams, etc.) about client experiences. These marketing practices could be done as a low-cost or no-cost marketing campaign. A recommended approach is to leverage strategic partnerships within the industry to become a trusted and valued home inspection service provider. There is normal competition in the area; however, a lack of current or recent customer reviews, compared to competitor reviews, could be limiting the attraction of first-time clients. Shoppers today are savvy and tend to rely upon social media reviews and ratings when making purchase decisions, especially when it comes to large ticket items such as buying a home or making home renovations. Opportunity for "staying power" and market share could benefit this business by recognizing the social media marketing gap and becoming knows as the most trusted brand among your competitors.

Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is a homebased business opportunity.
  • This is not a franchise resale opportunity.

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