How much is the cost of entry?
A HouseMaster® Franchise is one of the most affordable franchise opportunities. However, proper funding of initial start-up costs is essential to establish a solid business future. Undercapitalization is the number one cause for small business failure. It is very important to be certain that the necessary capital will be available to get your franchise off on the right track.
The Initial Franchise Fee is $42,500 for an area up to 75,000 Owner Occupied Homes and approximately 250,000 in population.
The following table represents an estimate of the total initial investment (initial franchise fee + additional expenses) you will incur in establishing your franchise.
| Initial Investment | Low | High |
|---|---|---|
| Initial Franchise Fee | $42,500 | $42,500 |
| Training Expenses (travel and lodging) | $500 | $3,000 |
| Supplies (marketing materials, inspection related materials, inspector equipment, etc.) | $3,000 | $6,000 |
| Office Equipment and Furniture | $0 | $2,000 |
| Computer System | $0 | $4,700 |
| Rent | $0 | $750 |
| Prepaid Expenses | $250 | $2,500 |
| General Liability Insurance | $500 | $2,500 |
| Errors & Omissions Insurance | $2,500 | $3,500 |
| Legal Services | $1,000 | $2,500 |
| HouseMaster® Manual Deposit | $250 | $250 |
| First Year Conference Travel Expenses | $1,000 | $3,000 |
| Vehicle Branding | $1,700 | $4,000 |
| Grand Opening Promotion Expense | $0 | $1,000 |
| Additional Funds (3 months) | $6,000 | $11,000 |
| Total Initial Investment | $59,200 | $89,200 |
Note: These cost estimates do not include franchisee salary or living expenses while building the business. Review the Disclosure Document for all details regarding costs, expenses and initial investment estimates.
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HouseMaster has once again been ranked as a top franchise in Franchise Business Review's 2012 Franchisee Satisfaction Survey.
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