8/10

Franchimp Summary Rating

8 /10
Lower than 20% of peers

Franchise Summary

Description
The franchisee will operate a residential and commercial real property inspection business under the "Morrison PlusProperty Inspection" trademarks.
Company Background
Morrison Plus Property Inspection is one of the largest property inspection companies in North America, with over 30 years experience. Our residential and commercial inspectors are trained to inspect for things like structural integrity, water intrusion, pest infestation or mold growth. We help people protect their home by providing them with a detailed report on what they should be aware of before moving forward with any real estate transaction.
Franchise Opportunity
Buying or selling a home can be stressful. You need to know that the property you're buying is safe and sound, but you don't have time to inspect it yourself. It's important to get a professional home inspection, but who has time for that? And most inspectors only do residential inspections, so if you're looking at a commercial property you're out of luck. Morrison Plus Property Inspection offers both residential and commercial property inspections. We have years of experience inspecting all types of properties, and we're always up for a challenge. We'll make sure that your new home or office is safe and sound before you sign on the dotted line.
Corporate Structure
Morrison Plus Franchising, LLC was formed as a limited liability company in the State of California on August 14, 2017. Their principal business address is 13200 Brooks Drive, Suite J, Baldwin Park, California, 91706. They began offering franchises on November 14, 2017.

Earnings Transparency

7 /10
This Franchise discloses slightly more information about the financial performance of their franchisees compared to other franchises in the same industry

Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet

Financial Performance of "Standard" Units

Average Revenue Per Unit

Compared vs. Real Estate Industry

$101,442 / unit

Franchise Type: Standard

Average Revenue During 2020

$101,442
$101,442
Industry Low
$881,691
Industry High

Average Gross Profit Per Unit

Compared vs. Real Estate Industry

$43,532 / unit

Franchise Type: Standard

Average Gross Profit During 2020

Franchise Types Available

# Type Investment Fees

Employee Contact Database

# Name Position Phone Number Email Address

Morrison Plus Property Inspections Franchise System Development in 2021

FAQ

How much investment do I need to start my own Morrison Plus Property Inspections business?
Franchisees typically require at least $44 to $83 investment to get their Morrison Plus Property Inspections business started
What are the initial franchise fees for Morrison Plus Property Inspections?
Franchisees typically need to pay at least $37 in fees directly to Morrison Plus Property Inspections in order to earn the right to launch their business
How much money can I make with a Morrison Plus Property Inspections franchise? What are the average revenues for a typical Morrison Plus Property Inspections business?
We estimate that the average revenue of an individual Morrison Plus Property Inspections unit is approximately $101,442. We based this on Item 19 in franchise disclosure document
How long do I need to commit to running a Morrison Plus Property Inspections unit? What is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are also generally 10 years

Accessibility

8 /10
The Franchisor's investment costs ranges from $44,300 to $83,336 which is Much Lower than the $0 to $0 average in the Real Estate industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc

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