My background is in and around new residential construction and “high-end” remodeling. I have also been in sales with a large termite control company, and a roofing company. My knowledge of general residential construction is pretty good.
I have just begun the beginning stages of exploring the possibility of starting a home inspection company. Getting info, etc…
I will obviously need to brush up for any and all required testing for my licenses, secure my insurance and business licenses for my projected municipalities and counties I would target.
I have many contacts already established in the real estate business, etc…
Last year, there were roughly 12,000 homes sold in my target market. I’m guessing 75-80% of these had some type home inspection done. There are literally dozens and dozens (being conservative here) inspectors already in this market. Looking at financial targets, I would like to build to the point to where I’m doing 2 inspections a day with a target of 8-10 pr week. Minimum of 400 pr year in other words. If my math is correct…(don’t have a calculater handy) I would be looking to obtain 4-5% of the market in my area.
My question I suppose is “how realistic are my chances of securing this market share?”
I understand many variables come into play with such a question, and I know my networking and sales skills are strong. I am looking for some advice from people that are already in the business and maybe have achieved this type success and or are attempting to do so now.
Thanks in advance for any and all replies!