The home inspection franchise opened new territories in
Colorado, Oklahoma, New
York and Florida as it
ramps up for an explosive growth year.
MILFORD,
Ohio, April 24, 2024 /PRNewswire-PRWeb/ -- After
celebrating its 30th anniversary last year, HomeTeam
Inspection Service, the 200-plus-unit home inspection franchise, is
kicking off 2024 on a high note. The brand has already opened five
new franchises this year and signed agreements for another two.
With a robust pipeline and a steady stream of inquiries, Director
of Business Development Matt Cook
says he feels excited about the rest of the year.
"The number of people wanting to learn about HomeTeam is higher
than it's ever been. People are just very excited about the
business model and opportunity," Cook said. "For example, halfway
through April, we have 100% more leads than we did for the entire
month last year. The fact that people are searching for HomeTeam
online is exciting as we ramp up our growth in 2024."
Organic growth has already fueled significant year-over-year
growth. Last year, HomeTeam opened in 11 new locations. This year,
as of April, it has already opened five new locations in
Denver, Colorado; Tulsa, Oklahoma; South Miami and Orlando, Florida; and Long Island,
New York. In addition, HomeTeam
has another two openings in progress in Cleveland, Ohio, and Essex-Passaic Counties,
New Jersey.
This franchise growth follows a clear recovery in the real
estate industry in 2024. After a few years of questions surrounding
the industry, the real estate market has begun to bounce back this
year, and Cook said the system is seeing positive results as people
are more comfortable with the prospect of buying or selling a
home.
"The HomeTeam system has been seeing year-over-year increases
for a while now," said Cook. "The fact that the real estate market
is looking up is even more encouraging to prospective franchise
owners. HomeTeam franchise owners who have been doing the right
things all along — going to trade shows, building relationships and
continuing marketing efforts — never stopped seeing market share
growth and are feeling the negative impact from the real estate
market go away."
These circumstances have made the HomeTeam opportunity even more
attractive, and entrepreneurs who took note of the trend earlier
this year and took steps to join the system have positioned
themselves to grow in line with the recovering market.
"I'm confident about the trajectory of both the real estate
market and the HomeTeam system for the rest of the year," Cook
said. "Given the progress we've made to this point, I could see us
opening another 10 to 15 territories in 2024."
While there are opportunities in markets nationwide, Cook said
the team is especially interested in growth in Phoenix, Arizona; Sacramento, California; Seattle, Washington; and Alexandria, Virginia.
ABOUT HOMETEAM INSPECTION SERVICE
Founded in 1992, HomeTeam Inspection Service is a full-service,
independent home inspection franchise serving home buyers, sellers
and real estate agents. For over 30 years, HomeTeam has built a
reputation for providing professional, reliable, efficient and
accurate inspections on both residential and commercial property,
focusing on electrical and plumbing systems, HVAC, exterior and
siding, gutters and drainage, mold inspections, air quality reports
and much more. Unlike other inspection companies, HomeTeam sends a
team of certified inspectors to every appointment in order to
provide a better and faster inspection, every single time. The
brand's reputation for excellence has made them a top choice among
real estate agents and earned them the title of #1 home inspection
franchise by Entrepreneur magazine's 2022 Franchise 500 listing.
Now, HomeTeam Inspection Service has grown to include over 200
territories nationwide. For more information about HomeTeam please
visit https://www.hometeam.com.
Media Contact
Julie Maw, Mainland, 3125263996,
jmaw@hellomainland.com, www.hellomainland.com
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SOURCE HomeTeam Inspection Service