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General

Industry

Home and Building Services

Category

Inspection

Works with Franchise Brokers

No

Year of Founding

2020

Fees

Marketing Fee

2%

Royalty Fee

VARIES

Franchise Fee

$40,000-$40,000

Investment Range

$51K-$62K

Location units

Total U.S. Locations

6

U.S. Franchised Units

4

U.S. Corporate Units

N/A

Headquarters (City)

Virginia Beach

Other

Item 19 - Franchise Financials

No

E-2 Visa Eligibility

No

Started Offering Franchises

2021

Issuance of FDD Data

03/14/2022

Key Indicators

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Franchise Payback Period (Years)

Owner Salary / Compensation

Average Unit Volume (AUV)

Franchise Cost

$51K-$62K

Franchise Fee

$40,000-$40,000

What to know about The Inspection Boys franchise?

We offer a franchise opportunity to you as a franchisee to operate a business on our behalf for a specified territory. The franchise offered is for the establishment and operation of an entity to deliver inspection services of residential and commercial properties under the trade name “The Inspection Boys®” (the “Franchise Business”).

The Inspection Boys is based in Virginia Beach, VA. Scroll down to learn more!

How much does a The Inspection Boys franchise cost?

Are you wondering how much is a The Inspection Boys franchise? Before starting a The Inspection Boys franchise, it is important to know the franchise fee, working capital and other costs required to start the business.

The minimum investment amount required to open a The Inspection Boys franchise is $51,100 and can go all the way up to $61,750. Keep in mind, you should also allocate additional funds to live off of while the The Inspection Boys business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 The Inspection Boys franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a The Inspection Boys business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your The Inspection Boys franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.

Franchise Net Unit Growth

Industry Report Request

Download our guide to compare The Inspection Boys. Hotels to the Inspection, Outdoor Home and Building Services industry.

Franchise Data

Year Start of Year Units Opened Units Closed End of Year
2021 5 0 1 6

Additional Details

How much does a The Inspection Boys franchise owner make?

The Inspection Boys franchise earnings and revenue can vary significantly from one franchisee to another.
The The Inspection Boys franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.

The Inspection Boys unfortunately does not disclose financials on how much The Inspection Boys franchise owners make. This means they do not disclose sales or earnings for franchisees operating in the U.S.

Every franchisor is required by law to disclose income statements and balance sheets for how the franchisor is performing but not for the franchisee level. Unfortunately, The Inspection Boys does not make it easy to understand franchisee financial performance. This can be seen as a red flag and it is important to be that much more diligent in your conversations with The Inspection Boys franchisees. Do note that The Inspection Boys is not alone as about 40% of franchises do not disclose franchisee financial performance.

At Vetted Biz, we suggest you to speak with 5 to 10 The Inspection Boys franchisees to understand how much money they are making from their The Inspection Boys business.

You should also speak to former The Inspection Boys franchisees to understand why they left the system. Did they sell their The Inspection Boys at a profit? Were they forced to close their The Inspection Boys franchise down because it kept losing money?

What is the The Inspection Boys franchise fee?

Owning a The Inspection Boys franchise requires a variable royalty fee and 2% marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship. There may be other ongoing fees disclosed in the The Inspection Boys Franchise Disclosure Document

Keep in mind, there is also an initial The Inspection Boys franchise fee of $40,000 that is included in the initial investment amount of $51,100 to $61,750. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the The Inspection Boys franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the The Inspection Boys franchise fee of $40,000.

Visit the The Inspection Boys metrics tab to explore the financials for this business, royalty and marketing fees compare to other Home and Building Services franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was The Inspection Boys founded?

The Inspection Boys started offering franchises in 2021. The Inspection Boys was founded 2 years ago in 2020.

At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many The Inspection Boys locations are in the U.S.?

As of 2022, there were 4 locations across the U.S. There are also 0 corporate locations. Most Home and Building Services franchises like The Inspection Boys have more franchised locations than corporate locations.

How many The Inspection Boys franchises opened over the past few years?

Over the prior 3 years we have data for, The Inspection Boys has opened 5 outlets throughout the U.S. Visit the The Inspection Boys metrics tab to explore how the openings compare to other Home and Building Services franchises.

How many The Inspection Boys franchises closed over the past few years?

Over the prior 3 years we have data for, The Inspection Boys has closed 1 outlets throughout the U.S

Visit the The Inspection Boys metrics tab to explore how the openings compare to other Home and Building Services franchises.

Is The Inspection Boys growing? Are they opening more locations than they are closing?

The net unit growth rate for The Inspection Boys over the past 3 years is 0%. Over the last year we have data for, The Inspection Boys had a net unit growth rate of -20%.

Without a comparison, this number doesn’t mean much. Compare how the The Inspection Boys growth rate compares to 2,000+ other franchises and Industry franchises like The Inspection Boys. More info in the The Inspection Boys metrics tab.

Is The Inspection Boys franchise eligible for an SBA Loan?

The Inspection Boys is not eligible for SBA loans including the 7(a) loan last time we checked.

The Inspection Boys franchise does not have a SBA Franchise ID and was not in the SBA Franchise Directory. The SBA Franchise Directory will only include business models like The Inspection Boys that are reviewed and found eligible under SBA’s affiliation rules and other eligibility criteria.

To find out more about the SBA loan program for franchising click here.

Is The Inspection Boys a franchise in the United States?

According to the SBA, The Inspection Boys meets the Federal Trade Commission (FTC) definition of a franchise. The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items about the franchise, its officers, and other franchisees. Be sure that The Inspection Boys provides you with an FDD if you are in discussion to buy a The Inspection Boys.

What is the The Inspection Boys Franchise for Sale Rate?

The The Inspection Boys systemwide health and franchisee satisfaction can be measured by the The Inspection Boysfranchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

The Inspection Boys franchise for sale rate over the past 3 years is 0%. Over the last year we have data for, The Inspection Boys had a franchise for sale rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the The Inspection Boys franchise for sale rate compares to 2,000+ other franchises and Industry franchises like The Inspection Boys. More info in the The Inspection Boys metrics tab.

What is the The Inspection Boys Franchise Failure Rate?

The Inspection Boys franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!

The Inspection Boys failure rate over the past 3 years is 25%. Over the last year we have data for, The Inspection Boys had a franchise failure rate of 25%.

Without a comparison, this number doesn’t mean much. Compare how the The Inspection Boys franchise for sale rate compares to 2,000+ other franchises and Industry franchises like The Inspection Boys. More info in the The Inspection Boys metrics tab.

How can I find out more details on The Inspection Boys franchise?

Visit the The Inspection Boys metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today today for exclusive access on this franchise opportunity!

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Investment Midpoint

The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document

The Inspection Boys

$56,425

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

The Inspection Boys

VARIES

Industry median

All franchises median

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Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

The Inspection Boys

$40,000

Industry median

All franchises median

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Item 19 – Financial Performance Representations

Historical financial performance representations

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Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

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General

Industry

Home and Building Services

Category

Inspection

Works with Franchise Brokers

No

Year of Founding

2020

Fees

Marketing Fee

2%

Royalty Fee

VARIES

Franchise Fee

$40,000-$40,000

Investment Range

$51K-$62K

Location units

Total U.S. Locations

6

U.S. Franchised Units

4

U.S. Corporate Units

N/A

Headquarters (City)

Virginia Beach

Other

Item 19 - Franchise Financials

No

E-2 Visa Eligibility

No

Started Offering Franchises

2021

Issuance of FDD Data

03/14/2022

Detailed Franchise metrics for The Inspection Boys

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for The Inspection Boys below. “N/A" or Not Applicable results mean that there is not enough data available to compute a precise rate or that the result is not mathematically computable. When results are not mathematically computable, you should pay attention to the absolute values (#) instead of the percentage rate itself.

Growth Rate

The percentage change of total franchise units from one year to the next by franchisor.

 

1 year

3 years

The Inspection Boys

0%

0%

Industry median

All franchises median

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Franchise for Sale Rate

The percentage of units transferred to new franchisees and reacquired by franchisor.

 

1 year

3 years

The Inspection Boys

N/A

0%

Industry median

All franchises median

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Net Unit Growth (most recent year)

Net Unit Growth (3 years)

Failure Rate

Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.

 

1 year

3 years

The Inspection Boys

N/A

25%

Industry median

All franchises median

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Business details

Website

https://inspectionboys.com/

Business email

**********@******.com

Mailing address

780 Lynnhaven Parkway Suite 240

State headquarters

Virginia

Contact Name

The Inspection Boys

Phone

+1 (000) 0********00

City

Virginia Beach

Zip code

23452
Name Email State City Zip Code

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