May 15, 2013 // Franchising.com // Tampa, Fla. - Pillar To Post, North America’s largest home inspection franchise, added five new franchisees in April. Growth has been strong, with 10 new territories added in the first quarter of the year and another 10 anticipated in the coming weeks. The company is on track to meet its goal of 75 new locations by the end of 2013, as expansion continues to gain momentum.
“We are excited to welcome these five promising franchisees to our company,” said Dan Steward, president and CEO of Pillar To Post. “These graduates have demonstrated tremendous potential, and we are confident that they will help us further develop our brand in their markets.”
The new Pillar To Post owners are John Hayes of northeast Mississippi, Brian Bentley of Orlando, Fla., Paul Fry of Oklahoma City, Vincent and Thaija Stoakley of Houston and Walt Magno who will service Armstrong, Clarion and Jefferson Counties in Pennsylvania.
With the strong growth that has already occurred in 2013, Pillar To Post is continuing last year’s record success. In 2012, the company posted new franchise recruiting numbers 250 percent higher than 2011. The company also saw 20 percent sales growth last year through a combination of more inspections, a broader service offer, and new franchisees.
Growth has been boosted by the steady improvement of the real estate industry. According to a report from the National Association of Realtors, as of February 2013, existing-home sales remained above year-ago levels for 20 consecutive months, while prices demonstrated 12 consecutive months of year-over-year price increases. This data shows that the housing market is experiencing a healthy recovery, signaling strong potential for the growth of the home inspection industry in 2013 and beyond.
Founded in 1994, Pillar To Post is now the largest home inspection company in North America with over 400 franchisees, located in 47 states and 8 Canadian provinces. The company expects to open a total of 75 new locations by the end of 2013; long-term plans include adding 500-600 new franchisees over the next five years. Pillar To Post was ranked the No. 1 home inspection franchise in Entrepreneur magazine’s 2013 Franchise 500®, the world’s first, best and most comprehensive franchise ranking, and earned the distinction of being ranked in Franchise Business Review’s Top 50 in the Large Franchise category for 2013, an award based on overall franchisee satisfaction. For more information, please visit www.pillartopostfranchise.com.
SOURCE Pillar To Post