Exit Strategy

How much is your company worth?  For single operators, 1,000 times your earnings when you are on vacation!  We are still a young industry and as such the sales price or value of our home inspection companies varies significantly.  A number of these companies every year close their doors because they were unable to sell or continue with their business.
 
The sales prices have varied from as little as 20 cents per gross annual dollars to as much as 70 -80 cents per gross dollars in recent years.  However, there are still many companies that cannot sell and never will be able to without change. 
 
This is of course because these companies have been set up without an exit strategy. These companies are 100%  people dependent.  The inspector’s wife answers the phone, or the inspector does it all himself.  Either way, the relationship with the referral source is so close that future referrals will only take place providing the inspector; owner and/or his wife remain constant.  Any change will result in the business being lost.  Most long time veteran single operator companies are unfortunately set up like this.   

Virtual Inspector was designed to help these companies.  It provides separation between the inspection company owners and the referral source without any casualties. This is because of a combined effort, managed change and proven systems. Getting change accepted is much easier if it is undertaken by the original founders of the company, those that have built and respected relationships with their referral sources.  Of course drastic change like this can only be done if the tools used are effective.

The objective of systemizing is to make your job easier, enable your company to function without you and to increase the value of your company. A completely systemized inspection company that can be handed over to a new purchaser is worth at least 60 cents to every gross annual dollar earned. Your net worth will increase by utilizing virtual inspector’s technology to the fullest because inadvertently you will set in motion small changes immediately.

Virtual Inspector will provide automation for every task of your home inspection company.  Automated scheduling, sales scripts, marketing, payroll, payment processing, realtor tracking, inspection report tracking, etc.  Anybody can take on the hardest part at any time, the business management, marketing and scheduling!

Virtual Inspector, if used correctly will enable your company to be completely systems dependent and not people dependent.  As a single operator, this is critical when it comes to sell your business.  A good exit strategy requires an effective exit plan.  Virtual Inspector will help you with this exit plan.  Virtual Inspector was developed to provide a means to an end.

For large companies, automating many of the systems and functions of a home inspection company will result in more focus on sales because sales staff is not tied up with data entry on referrals that are already going to refer business to you, but on the referrals that are actually true sales.  Yellow Page referrals are a much harder sell than real estate referral sales.  Let Virtual Inspector enable you to focus your time on the hard sales, while at the same time not lose any of the guaranteed sales that come through your doors every day.

Let Virtual Inspector reduce the cost of staff because many of the functions that take considerable time in your office are now automated and merely a click away.  For multi-inspectors with a large number of inspectors, this can be as simple as 4 to 5 days taken up with inspector gross payroll functions which now take place in a matter of one mouse click.

With a completely systems dependent company, you will benefit from an increased net worth of at least 20-50% more than your single operator competitors which are entirely people dependent.