About Morrison Plus Property Inspections Franchise
Morrison Plus Property Inspections is a real estate inspection franchise providing comprehensive residential and commercial property inspection services and reports for buyers and sellers.
Services cover all major building systems including roofing, foundation, mechanical, electrical, plumbing, fireplaces, pools, and spas, with qualified locations also offering light industrial inspections for warehouses, shopping centers, and office buildings.
The franchise fee ranges from $35,000 to $55,000, and Morrison Plus has been franchising since 2017 under Morrison Molloy Holdings, LLC.
Morrison Plus Property Inspections Franchise Cost & Fees
Minimum Investment
$44K
Average Investment
$64K
Maximum Investment
$83K
| Fee Type | Amount | Notes |
|---|---|---|
| Initial Franchise Fee | $35,000 to $55,000 | One-time payment upon signing |
| Royalty Fee | 7.0% of cumulative calendar year Gross Revenue up to $400,000; 6.5% of cumulative calendar year Gross Revenue from $400,001 to $600,000; 6.0% of cumulative calendar year Gross Revenue from $600,001 to $800,000; and 5.5% of cumulative calendar year Gross Revenue over $800,001, with a minimum semi-monthly royalty of $150 (Year 1), $200 (Year 2), $300 (Year 3 – end of term). of gross sales | Ongoing; paid monthly |
| Marketing/Ad Fund | Up to 3% of Gross Revenue (System Marketing Fund Contribution) | National brand fund |
| Total Investment Range | $44,300 – $83,336 | Includes build-out, inventory, working capital |
The investment range of $44K–$83K reflects variability in build-out costs, store size, lease terms, and market. The combined royalty (7.0% of cumulative calendar year Gross Revenue up to $400,000; 6.5% of cumulative calendar year Gross Revenue from $400,001 to $600,000; 6.0% of cumulative calendar year Gross Revenue from $600,001 to $800,000; and 5.5% of cumulative calendar year Gross Revenue over $800,001, with a minimum semi-monthly royalty of $150 (Year 1), $200 (Year 2), $300 (Year 3 – end of term).) and marketing fee (Up to 3% of Gross Revenue (System Marketing Fund Contribution)) are ongoing costs paid as a percentage of gross sales.
Investment Breakdown (Item 7)
| Item | Low | High |
|---|---|---|
| Initial Franchise Fee | $35,000 | $55,000 |
| Your Training Expenses | $1,242 | $2,500 |
| Vehicle | $0 | $2,000 |
| Vehicle Signage | $475 | $800 |
| Office Furniture, Fixtures, and Supplies | $150 | $800 |
| Equipment | $820 | $1,400 |
| Licenses and Permits | $50 | $360 |
| Computer Systems | $674 | $4,773 |
| Payroll Service Fees | $200 | $200 |
| Membership/Association Dues | $49 | $410 |
| Initial Inventory to Begin Operating | $506 | $663 |
| Professional Fees | $1,204 | $4,000 |
| Grand Opening Marketing | $2,180 | $2,680 |
| Insurance | $1,250 | $1,750 |
| Operating Expenses / Additional Funds – 3 months | $500 | $6,000 |
Additional Fees (Item 6)
| Fee Type | Amount |
|---|---|
| Transfer Fee | 75% of the then-current initial franchise fee (50% for existing franchisee in good standing; $1,500 for owner(s) of franchisee entity that does not change management control; $3,500 for spouse, parent or child upon death or permanent disability) |
| Renewal Fee | $2,500 |
| Technology Fee | As we determine (Currently, no Technology Fee is imposed. We reserve the right to impose a fee for software license or maintenance, website hosting and maintenance, franchisee web portal access, or other technology services we may provide.) |
| Audit Fee | Cost of examination plus related expenses. If an examination reveals that you have understated any Gross Revenue report by two percent (2%) or more, you must pay to us the cost of the audit and all travel and related expenses, in addition to repaying monies owed and interest on the monies owed. |
| Required Minimum Expenditure for Local Marketing and Advertising | During the first thirty (30) days of operation, approximately $2,000 to $2,500; thereafter, at least $400 per month |
| Call Center | $25 per scheduled inspection |
| Late Charge | $100 for each late submission of Royalty Fee, System Marketing Fund Fee, or Gross Revenue report |
| Interest Charge | 1.5% per month from due date, or maximum allowed by law |
| Insufficient Funds Fee | $150 per occurrence |
| Interim Management Fee | Currently $500 per day, plus all travel related and other expenses |
| Additional Training | A reasonable fee for all System training programs, plus travel and other related expenses |
| Remedial Training Fee | Currently $400 per day, plus travel and other expenses |
| Evaluation Fee | $750 |
| Confidential Operating Manual Replacement Fee | $600, or our then-current fee |
| Quality Review Services | Varies |
| Liquidated Damages | Up to 36 months of Royalty Fees and System Marketing Fund Contributions |
| Indemnification | Amount of loss or damages plus costs |
| Damages, Costs and Expenses for Non-compliance | Actual damages, costs and expenses |
| Insurance | Amount paid by us for your insurance obligations, plus a ten percent (10%) administrative fee and other actual expenses |
| Taxes | Amount of taxes |
Training Program (Item 11)
| Detail | Information |
|---|---|
| Total Duration | approximately seven (7) to nine (9) days for Initial Management Training Program; up to two (2) days for on-site post-opening assistance |
| Classroom Training | 24 |
| On-the-Job Training | 32 |
| Training Location | Glendora, CA for initial training; your territory for opening assistance |
| Additional Training | We may offer mandatory and/or optional additional training programs from time to time, including attendance at a national business meeting or annual convention, for up to five (5) days per year, at a location we designate. A reasonable fee may be imposed for these programs, plus travel, lodging, meals and wages expenses. |
Territory Rights (Item 12)
| Detail | Information |
|---|---|
| Territory Type | Protected |
| Exclusive Territory | No |
| Territory Size | minimum of 75,000 households |
| Description | Your Protected Area is located in all or a portion of a listed town, city, or county, and is identified by a group of contiguous zip codes. The Protected Area is determined on an individual basis taking into account demographics, minimum numbers of households, geographic terrain and market potential. Your Protected Area will have a minimum of 75,000 households, based on the most recent census data and determined by a third-party mapping service. During the term of your Franchise Agreement, and provided that you are not in default, we will not open another Morrison Plus Property Inspections outlet or grant the right to anyone else to open one within the Protected Area. However, you may face competition from other franchisees, from outlets that we own, or from other channels of distribution or competitive brands that we control. We reserve the right to sell products/services directly or through others in the Protected Area (alternative distribution channels, pre-existing clients, referral sources). |
Renewal, Termination & Transfer (Item 17)
| Detail | Information |
|---|---|
| Initial Term | ten (10) years |
| Renewal Term | up to four (4) additional terms of five (5) years each |
| Renewal Fee | $2,500 |
| Renewal Conditions | Be in full compliance, have no more than three (3) events of default during current term, provide written notice to us at least ten months before the end of the term, execute a new franchise agreement, pay us a renewal fee of $2,500, repair, upgrade or replace the equipment and other Franchised Business assets to meet then-current specifications, execute a general release, comply with then-current qualifications and training requirements, including completion of additional training. You may be asked to sign a new Franchise Agreement with materially different terms and conditions than your original Franchise Agreement. |
| Transfer Fee | 75% of the then-current initial franchise fee (50% for existing franchisee in good standing; $1,500 for owner(s) of franchisee entity that does not change management control; $3,500 for spouse, parent or child upon death or permanent disability) |
| Transfer Conditions | Transferee must meet franchisor's standards, complete training, franchisee must have paid all amounts owed, transferee executes a general release, franchisor approves terms, and franchisee subordinates claims to franchisor. Franchisor has a right of first refusal. |
| Termination for Cause | Franchisor may terminate for various defaults including failure to obtain licenses/open on time, falsifying reports, ceasing operations for 5+ days, failing to comply with laws, understating Gross Revenue (2+ times), failing to comply with insurance, unauthorized transfer, failure to transfer upon death/disability, misrepresentation in application, felony conviction, adverse judgment for fraud/racketeering, concealing revenues/false books, public health/safety threat, refusing inspection/audit, unauthorized use of IP, non-compete violation, 3+ defaults or 2+ notices in 12 months, default under other agreements, insufficient funds (2+ times in 12 months), failure to meet Minimum Performance Standards, or termination without cause. Curable defaults (non-payment, non-monetary obligations) have a 5-day cure period, but repeated defaults become non-curable. |
| Non-Compete Period | During the term of the franchise and for 24 months after termination or expiration |
| Non-Compete Details | During the term: cannot divert business/customers/referral sources to competitors, participate in any property inspection business similar to the System, or induce employees to leave. Post-termination (24 months): cannot divert business/customers/referral sources to competitors, participate in any property inspection business within 50 miles of former Protected Area or any other Morrison Plus Property Inspections office location, or induce employees to leave. |
Operations & Supply (Items 8 & 15)
| Detail | Information |
|---|---|
| Owner-Operator Required | No |
| Participation Details | You do not need to personally participate in the direct operation of your Franchised Business, but it is recommended that you do. A general manager must directly operate your Franchised Business. Your general manager may be you or someone you appoint, with our approval, and must successfully complete our Initial Management Training Program and all other required training courses. If you do not personally participate, you are required to hire a marketing director. The general manager and marketing director cannot have an interest or business relationship with competitors. |
| Required Suppliers | You must purchase designated inventory, equipment, computer systems and certain software from our approved suppliers and contractors or in accordance with our specifications. You must purchase certain branded material directly from us, which includes business cards, a branded banner, branded presentation folders with appropriate inserts, branded trifolds, and other branded promotional items. We are the only approved supplier of these items. |
| Supply Restrictions | We maintain written lists of approved items of equipment, fixtures, inventory and services (by brand name and/or by standards and specifications) and a list of certain designated suppliers and contractors for those items. We update these lists periodically and issue the updated lists to all franchisees. If you wish to purchase, lease or use any unapproved item or from an unapproved supplier, you must request prior written approval and may be charged an evaluation fee of $750. |
| Franchisor Revenue from Suppliers | In the fiscal year ending September 30, 2021, we collected $21,067.17 from franchisee’s purchase of marketing materials, which represents 12% of our total revenue of $177,403. We currently do not receive any revenue, rebates, discounts or other material consideration from any suppliers based on your required purchases of products, supplies or equipment; however, we may do so in the future, and any rebates or discounts we receive may be kept by us in our sole discretion. |
Financing (Item 10)
| Detail | Information |
|---|---|
| Financing Available | Yes |
| Description | We may offer you financing for up to $15,000.00 for the Initial Franchise Fee, if you meet our qualifications. You must sign a Promissory Note, Personal Guaranty, if applicable, and Security Agreement. We do not offer any other direct or indirect financing for any other items included in Item 7. The financing terms are: Amount Financed: Up to $15,000; Term: 3 years; Interest Rate: 7%; Monthly Payment: Varies; Prepay Penalty: None; Security Required: Security interest in assets of your Morrison Plus Property Inspections™ Franchise, including furniture, fixtures, equipment, inventory, contracts and accounts receivable, and a personal guaranty from your spouse. |
Morrison Plus Property Inspections Franchise Earnings — Item 19
Revenue Range
$54K – $438K
Sample Size
7 units
Past financial performance does not guarantee future results. Individual results will vary.
Morrison Plus Property Inspections Litigation & Risk Flags
Clean Litigation RecordMorrison Plus Property Inspections has no pending litigation actions listed in their FDD. There is also no bankruptcy history disclosed.
Litigation and bankruptcy data is sourced from Items 3 and 4 of the FDD. Always verify current status directly from the most recent FDD.
Morrison Plus Property Inspections System Growth
Total Units
11
Franchised
10
Company-Owned
1
Morrison Plus Property Inspections currently operates 10 franchised locations and 1 company-owned units. Unit count data is sourced from Item 20 of the FDD.
Unit History (Item 20)
| Year | Opened | Closed | Total |
|---|---|---|---|
| 2019 | 3 | 0 | 4 |
| 2020 | 6 | 0 | 10 |
| 2021 | 2 | 1 | 11 |
Transfers: 0 | Closures: 1
State Registrations
Registered in 16 states: CA, CT, HI, IL, IN, MD, MI, MN, NY, ND, OR, RI, SD, VA, WA, WI
Franchisor Financials (Item 21)
Revenue
$177K
Net Income
$-146,706
Total Assets
$64K
Audited by Citrin Cooperman & Company, LLP for year ending September 30.
Morrison Plus Property Inspections Franchise — FAQ
The total investment to open a Morrison Plus Property Inspections franchise ranges from $44,300 to $83,336, per their Franchise Disclosure Document. This includes the initial franchise fee of $35,000 to $55,000. The investment covers build-out, inventory, equipment, signage, working capital, and other startup costs.
Morrison Plus Property Inspections charges a royalty fee of 7.0% of cumulative calendar year Gross Revenue up to $400,000; 6.5% of cumulative calendar year Gross Revenue from $400,001 to $600,000; 6.0% of cumulative calendar year Gross Revenue from $600,001 to $800,000; and 5.5% of cumulative calendar year Gross Revenue over $800,001, with a minimum semi-monthly royalty of $150 (Year 1), $200 (Year 2), $300 (Year 3 – end of term). of gross sales, plus a Up to 3% of Gross Revenue (System Marketing Fund Contribution) contribution to the marketing/advertising fund. These fees are paid on an ongoing basis.
You can download the Morrison Plus Property Inspections Franchise Disclosure Document free on this page. The FDD is a public document filed with state franchise registries. Always also request the current FDD directly from Morrison Plus Property Inspections to ensure you have the most up-to-date version.
According to the Item 19 financial performance representation in their FDD, Morrison Plus Property Inspections franchise owners report . This is based on a sample of 7 units. Past performance does not guarantee future results.
Morrison Plus Property Inspections has been franchising since 2017. The FDD shows an investment range of $44,300-$83,336, a 7.0% of cumulative calendar year Gross Revenue up to $400,000; 6.5% of cumulative calendar year Gross Revenue from $400,001 to $600,000; 6.0% of cumulative calendar year Gross Revenue from $600,001 to $800,000; and 5.5% of cumulative calendar year Gross Revenue over $800,001, with a minimum semi-monthly royalty of $150 (Year 1), $200 (Year 2), $300 (Year 3 – end of term). royalty, and includes an Item 19 earnings disclosure. There is no pending litigation. Review the full FDD and contact current franchisees listed in Item 20 before making any investment decision.
The franchise fee is $35,000 to $55,000 and the total investment ranges from $44,300 to $83,336 depending on location size and market. Contact the franchisor directly for current net worth and liquid capital requirements, territory availability, and application details.
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Data Source & Disclaimer: This website is for informational purposes only. It is not an offer to sell or buy a franchise. This profile is based on publicly available FDD data sourced from state franchise registry filings. All information is for research purposes only and does not constitute legal, financial, or investment advice. Data may be outdated or contain errors. Always obtain the current FDD directly from Morrison Plus Property Inspections and consult a qualified franchise attorney before making any investment decision. FranchiseOverview.com is operated by Franchising Compliance, LLC and is not affiliated with Morrison Plus Property Inspections or any of its subsidiaries. To report an inaccuracy: info@franchiseoverview.com