After opening franchises in five new markets this year (so far),
HomeTeam Inspection Service has seen impressive growth and is
poised for continued expansion.
CINCINNATI, July 31,
2024 /PRNewswire-PRWeb/ -- HomeTeam Inspection
Service is gearing up for a dynamic second half of 2024 following
substantial growth and development in the first two quarters. The
brand has opened five new franchises year-to-date and signed
agreements for four additional territories in the second quarter of
2024 across West Cleveland, Ohio;
DeLand, Florida; Bellevue, Washington and Harford County, Maryland. With seven
franchises currently in the startup and opening process, HomeTeam
Inspection Service is on track to see continued expansion and
impact in the coming months.
"We're right on target to meet all of our goals by the end of
this year," said Director of Business Development, Matt Cook. "Overall, we are seeing a 5-7%
increase in company-wide revenue, as well as an increase in
inspections, while average transaction fees are up. Our franchisees
are staying busy and leveraging new partnerships, which have opened
new business avenues. We are excited to pursue these opportunities
in greater depth in the second half of the year."
In addition to the strategic market entries, HomeTeam Inspection
Service has experienced a notable increase in revenue, with a 6.4%
growth in Q2 2024 compared to Q2 2023. This financial growth is a
testament to the brand's solid business model and the increasing
demand for professional home inspection services.
"New construction sales are up nationwide and inventory has
increased by 20%. Interest rates are moving downward, inventory is
moving upward and home prices have risen by an impressive 6%," said
President Adam Long. "HomeTeam is
outperforming the real estate market and expects a strong second
half of the year, building on a successful first half."
HomeTeam's expansion into new markets is not only beneficial for
the company but also for the local communities. The services
provided by HomeTeam franchisees help homeowners make informed
decisions, maintain their properties and ultimately save money by
identifying potential issues early.
As HomeTeam Inspection Service continues its expansion, the
focus remains on partnering with dedicated local entrepreneurs who
are passionate about providing valuable services to their
communities. By doing so, HomeTeam ensures that each new franchise
owner is well-equipped to succeed and make a positive impact in
their market.
"HomeTeam is adaptable and cutting-edge, staying ahead of market
trends and equipping our franchisees with the necessary
certifications, training and models to succeed," said Long. "We
understand the state of the real estate market and are expanding
our services, including new construction and environmental
inspections, to continue our growth and support system."
With a strong start to 2024 and a clear strategy for growth,
HomeTeam Inspection Service is well on its way to further
solidifying its position as a leader in the home inspection
industry. Heading into Q3, the brand has its eyes on growth in
Phoenix, Arizona; Sacramento, California; Seattle, Washington; and Alexandria, Virginia.
To find out more information on costs to buy this franchise,
please visit https://www.hometeamfranchise.com/.
Media Contact
Julie Maw, Mainland, 3125263996,
jmaw@hellomainland.com, www.hellomainland.com
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content:https://www.prweb.com/releases/hometeam-inspection-service-sees-revenue-growth-upwards-of-7-percent-in-first-half-of-2024-sets-sights-on-continued-success-heading-into-q3-302211525.html
SOURCE Mainland