National Property Inspections Franchise Costs & Fees
Date of Incorporation: 1987
Franchising Since: 1987
Headquarters: Omaha, NE
Business Description: National Property Inspections offers a wide variety of inspection related services, including but not limited to, home and commercial inspections, energy evaluations/assessments, infrared scans, property preservation, field service and the like for interested parties.
Franchise Offer: The franchise offered is a National Property Inspections franchise that provides residential and commercial inspection related services to prospective buyers, leaders, insurance, companies, field service companies, and other interested parties.
Financial Assistance: National Property Inspections, Inc. does not offer financial assistance.
Training and Assistance: Training will be completed at corporate headquarters in Omaha, Nebraska. Training must be completed within at least 60 days of signing the franchise agreement. The training program involves counseling with the National Property Inspections, Inc. staff, reading assignments, classroom and possible field work and is mandatory for the franchise owner or manager, if franchise owner will not be acting as their own manager. The franchisor will also train key personnel within the franchisee’s organization for the then current daily fee.
Territory: The franchisee will be granted an exclusive property right to use the franchise system in a designated area, usually delineated by boundary streets, highway, city limit markers, zip codes, or county lines, and based on a combination of demographic factors which include housing units and real estate transactions, real estate agents, commercial bankers and population.
Term of Agreement and Renewal: The length of the initial term is 10 years. If the franchisee is in good standing, he or she may renew for additional periods of 10 years with no renewal fee.
Obligations and Restrictions: The franchise business must at all times be under the franchisee’s direct supervision or a principal of the franchise business, who must devote their full time and energy to the operation of the business. The franchisee must sell only such products or other services as meet the specifications and standards designated from time to time by the franchisor. The franchisee may not be associated in any way with a business competitive to the franchise.
Estimated Number of Units: 230
|Name of Fee||Low||High|
|Initial Franchise Fee||$34,900||$34,900|
|Travel/Living Expenses for Training||$600||$1,000|
|Initial Insurance Premiums||$500||$2,000+|
|Legal & Accounting||$500||$500|
|Licenses (depending on state)||$200||$400+|
|Type of Fee||Amount|
|Royalty||8% of gross sales or a minimum of $300.00 per month, whichever is greater.|
|Advertising/Sales/Marketing||The franchisee is not required to advertise, however the franchisor suggests at least 2% of gross sales annually.|
|Audit||If the franchisor audits, cost of audit plus the royalty fee % of understatement plus interest.|
|Transfer||The then current fee.|
The above information has been taken from the FDD of National Property Inspections. Year of FDD: 2016
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