Go Back   InterNACHI Inspection Forum > >

Notices

Miscellaneous Discussion for Inspectors Discuss whatever you wish in this forum.

Reply
 
Thread Tools
  #1  
Old 4/5/15, 12:34 AM
Nick Gromicko, CMI's Avatar
Nick Gromicko, CMI Nick Gromicko, CMI is online now
Active Poster
 
Join Date: Aug 2002
Location: Nederland, Colorado
Posts: 64,276
Default The #1 thing you need to accomplish to eventually sell your inspection company.

The #1 thing you need to accomplish to eventually sell your inspection company....

MAKE YOURSELF IRRELEVANT.

As absurd as that sounds on the surface, it's really what you have to do. You have to get your inspection company as close as possible to the point of not really needing you.

At that point... you have an inspection company worth buying.
Reply With Quote
Need a home inspection in Wyoming? Check out InterNACHI's listing of Wyoming certified home inspectors. Or, find a home inspector anywhere in the world with our inspection search engine.
  #2  
Old 4/5/15, 12:47 AM
David Asselin's Avatar
David Asselin David Asselin is offline
Certified Professional Inspector (CPI)
 
Join Date: Mar 2015
Location: Burnaby, B.C.
Posts: 1,055
Send a message via Skype™ to dasselin
Default Re: The #1 thing you need to accomplish to eventually sell your inspection company.

Well said and so true.
Reply With Quote
  #3  
Old 4/5/15, 1:07 AM
Michael W. Altizer, CMI's Avatar
Michael W. Altizer, CMI Michael W. Altizer, CMI is offline
Certified Master Inspector
 
Join Date: May 2010
Location: Virginia
Posts: 1,421
Default Re: The #1 thing you need to accomplish to eventually sell your inspection company.

Interesting Nick.




Nobody protects your biggest financial investment like the KING of Home Inspections!
Michael Altizer, Certified Master Inspector®
http://commercial-property-inspector.com
DOWNLOAD MY FREE BOOK
AHIT Certified Inspector
Infrared Certified Thermographer
25+ Years combined Experience in Home Inspections, Construction, Remodeling and Repair.

Inspecting Blacksburg, Christiansburg, Floyd County, Giles County, Montgomery County, Pulaski County and Radford City.
Reply With Quote
  #4  
Old 4/5/15, 1:22 AM
Ian M. Robertson, 16000067783 Ian M. Robertson, 16000067783 is online now
Certified Professional Inspector (CPI)
 
Join Date: Jun 2008
Location: Ballston lake, NY
Posts: 1,779
Default The #1 thing you need to accomplish to eventually sell your inspection company.

Good point
Reply With Quote
  #5  
Old 4/5/15, 8:43 AM
Juan C. Jimenez Juan C. Jimenez is offline
Certified Professional Inspector (CPI)
 
Join Date: Jan 2012
Location: central va
Posts: 7,690
Default Re: The #1 thing you need to accomplish to eventually sell your inspection company.

That's why have chosen the multi inspector model, and use ISN to track all of our inspections. We actually have a list of recurring customers. Some call us every week. I think the data in ISN is the real value when someone does want to buy a home inspection company.



Juan Jimenez
A House on a Rock Home Inspections LLC
God. Family. Home.
804-269-4321
Richmond Home Inspector
Richmond Chimney Sweep
Richmond Radon Testing


Reply With Quote
  #6  
Old 4/5/15, 8:59 AM
James A. Levy's Avatar
James A. Levy James A. Levy is offline
InterNACHI Applicant
 
Join Date: Dec 2008
Location: Medford,NJ
Posts: 4,004
Default Re: The #1 thing you need to accomplish to eventually sell your inspection company.

Quote:
Originally Posted by gromicko View Post
The #1 thing you need to accomplish to eventually sell your inspection company....

MAKE YOURSELF IRRELEVANT.

As absurd as that sounds on the surface, it's really what you have to do. You have to get your inspection company as close as possible to the point of not really needing you.

At that point... you have an inspection company worth buying.
Absolutely!
Reply With Quote
  #7  
Old 4/5/15, 9:18 AM
Michael A. Clark, CMI's Avatar
Michael A. Clark, CMI Michael A. Clark, CMI is offline
Certified Master Inspector
 
Join Date: Apr 2012
Location: Almost Heaven, WV
Posts: 6,986
Default Re: The #1 thing you need to accomplish to eventually sell your inspection company.

I'm already irrelevant. Just ask my teenagers!!




Michael A Clark, Certified Master Inspector®
Inspection Connection
St Albans, West Virginia

"Always tell the truth,
do what you say you will,
and do it Righter than Right...Always"

Facebook

Google Plus

www.charleston-home-inspector.com
www.icwvhomes.com

mclark@icwvhomes.com
Reply With Quote
  #8  
Old 4/5/15, 2:11 PM
Ian W. Mayer, CMI's Avatar
Ian W. Mayer, CMI Ian W. Mayer, CMI is online now
Certified Master Inspector ®
 
Join Date: Jun 2014
Location: Los Angeles, CA
Posts: 4,206
Default Re: The #1 thing you need to accomplish to eventually sell your inspection company.

I do agree.

As I've posted before:
There was a guy several hours North of me trying to sell his Home Inspection Business. And he had a price laid out based on his business income.

But upon looking at his business, it was all him. His logo was his face. His website was all about him, with pictures of him. So while he had a great site, great logo, and a great business, I had to wonder what exactly did he have to sell? How many of his repeat clients, referrals, and such are still going to call once he removes himself from the business? So I don't think net income really played into worth.


But that said, that's not my plan. My business is adding a personal touch.

Home buying is an emotional journey for people, and I think people like dealing with an inspector who is a person. Too many inspector websites are cold and impersonal.

I love being a home inspector, and I want my clients to know that.

I also have zero plans of selling my business any time soon. Maybe in 10-15 years my kids will join on and they can eventually take over. Or maybe not. And if that makes my business un-sellable, so be it.
Reply With Quote
  #9  
Old 4/6/15, 3:36 PM
Robert W. Jude, HI00900033's Avatar
Robert W. Jude, HI00900033 Robert W. Jude, HI00900033 is offline
Certified Professional Inspector (CPI)
 
Join Date: Jul 2009
Location: Lafayette, IN
Posts: 7,016
Default Re: The #1 thing you need to accomplish to eventually sell your inspection company.

how does one put a value on a business like home inspections?
Reply With Quote
  #10  
Old 4/8/15, 1:56 AM
David Asselin's Avatar
David Asselin David Asselin is offline
Certified Professional Inspector (CPI)
 
Join Date: Mar 2015
Location: Burnaby, B.C.
Posts: 1,055
Send a message via Skype™ to dasselin
Default Re: The #1 thing you need to accomplish to eventually sell your inspection company.

Quote:
Originally Posted by gromicko View Post
MAKE YOURSELF IRRELEVANT.
Do you figure it would be best that the satisfied clients don't include the name of the inspector but the name of the business when posting an online review?

David
Reply With Quote
  #11  
Old 4/8/15, 2:15 AM
Billy Boerner's Avatar
Billy Boerner Billy Boerner is offline
Certified Master Inspector ®
 
Join Date: Jun 2008
Location: St. Louis, MO
Posts: 11,942
Send a message via Yahoo to bboerner
Default Re: The #1 thing you need to accomplish to eventually sell your inspection company.

I made 5K the first 7 days of April. I made the mistake of putting my face on my website when I started and now I'm finding it hard to remove it just for the simple reason I wonder if people will call as much as they do if they don't see my face. I would love to remove so I can sell for good money one day.



STL Home Inspection Services
Residential / Radon / Sewer / Thermal /
Termite / Gas / Mold / Level 2 Chimney

Bill Boerner
Multi Inspector Firm
(314) 805-2137
office@stlhomeinspector.com
Stlhomeinspector.com
Serving: St. Louis and Surrounding

Last edited by bboerner; 4/8/15 at 2:18 AM..
Reply With Quote
  #12  
Old 4/8/15, 3:26 AM
Jeffrey R. Jonas's Avatar
Jeffrey R. Jonas Jeffrey R. Jonas is online now
Certified Professional Inspector (CPI) ®
 
Join Date: Feb 2007
Location: Minnesota & Northern Iowa
Posts: 31,124
Default Re: The #1 thing you need to accomplish to eventually sell your inspection company.

Quote:
Originally Posted by bboerner View Post
I made 5K the first 7 days of April. I made the mistake of putting my face on my website when I started and now I'm finding it hard to remove it just for the simple reason I wonder if people will call as much as they do if they don't see my face. I would love to remove so I can sell for good money one day.
Convert it!...

https://www.google.com/search?q=cari...2&ved=0CCgQsAQ



Jeffrey R. Jonas
Owatonna, Minnesota



"I am not a teacher, but an awakener."
- Robert Frost, American poet (1874-1963).

"We Respect Our Clients Right to Privacy"

Reply With Quote
  #13  
Old 4/8/15, 4:00 AM
Bob Elliott, 450.0002662's Avatar
Bob Elliott, 450.0002662 Bob Elliott, 450.0002662 is online now
Certified Professional Inspector (CPI) ®
 
Join Date: Aug 2006
Location: Chicago
Posts: 37,739
Default Re: The #1 thing you need to accomplish to eventually sell your inspection company.

Quote:
Originally Posted by jjonas View Post
How funny you did that as my first thought was Col Sanders and being a cartoon.
Personally I find the subject a little off base as being a HI to me is like being a Doctor.
The business is you and you make money in private practice but better do good enough to make a profit and invest it in something else.
There are only so many suckers willing to pay franchise fees or buy a running Inspection business.

The thrill of this business is doing it yourself and buying a running Inspection company is cheating yourself of the thrill.
There are much better places to invest if just looking for pure profit.
Reply With Quote
Need a home inspection in Wyoming? Check out InterNACHI's listing of Wyoming certified home inspectors. Or, find a home inspector anywhere in the world with our inspection search engine.
  #14  
Old 4/8/15, 5:27 AM
Stephen W. Stanczyk's Avatar
Stephen W. Stanczyk Stephen W. Stanczyk is online now
Certified Professional Inspector (CPI)
 
Join Date: Dec 2005
Location: Kapowsin, WA
Posts: 10,601
Default Re: The #1 thing you need to accomplish to eventually sell your inspection company.

Quote:
Originally Posted by bboerner View Post
I made 5K the first 7 days of April. I made the mistake of putting my face on my website when I started and now I'm finding it hard to remove it just for the simple reason I wonder if people will call as much as they do if they don't see my face. I would love to remove so I can sell for good money one day.
How do you know you wouldn't have made 10K if your face wasn't there?




Stephen Stanczyk
Washington State Licensed Home Inspector # 221
InterNACHI Lifetime Member

RETIRED

Reply With Quote
  #15  
Old 4/8/15, 8:10 AM
Juan C. Jimenez Juan C. Jimenez is offline
Certified Professional Inspector (CPI)
 
Join Date: Jan 2012
Location: central va
Posts: 7,690
Default Re: The #1 thing you need to accomplish to eventually sell your inspection company.

Quote:
Originally Posted by bboerner View Post
I made 5K the first 7 days of April. I made the mistake of putting my face on my website when I started and now I'm finding it hard to remove it just for the simple reason I wonder if people will call as much as they do if they don't see my face. I would love to remove so I can sell for good money one day.
If there's anything I know with out a shadow of a doubt, it's that your business is not going to suffer if you take your face of your website.



Juan Jimenez
A House on a Rock Home Inspections LLC
God. Family. Home.
804-269-4321
Richmond Home Inspector
Richmond Chimney Sweep
Richmond Radon Testing


Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
How Long Does It Really Take To Sell Your Home? jburkeson1 General Inspection Discussion 1 2/13/07 7:02 AM

All times are GMT -4. The time now is 6:50 PM.
no new posts