Are homecare franchises profitable?
Home care franchisees can be very profitable, many earning a million or more in revenue from a single unit. For example, at Home Care Assistance, the average revenue of sites open for at least 12 months is $1,430,307. The average revenue of sites open for at least 48 months is $1,827,610.
What is a home care franchise?
As a home care franchise owner, you will hire your own team of caregivers and other medical professionals to handle the day-to-day tasks of providing home care to your clients. Instead, some of the most important attributes of a successful home care franchise owner are commitment, grit and determination to succeed.
How much is a BrightStar Care franchise?
How much do BrightStar Care home health franchises cost? Based on the FDD, the initial investment for a BrightStar Care location can be anywhere between $111,008 to $191,108, depending on variables such as real estate and labor costs in your market. Click here to view our investment page.
How much do home care franchise owners make?
So, how much money do home care franchises actually make? In 2021, Senior Helpers franchises open for 60+ months earned $1,229,889 in average gross annual revenue. Among franchises open 48 to 59 months, average gross annual revenue was $1,137,732 in the same period.
How does a care franchise work?
As a home care franchisee, you will operate from premises within a territory of your choice, which could be an area that covers up to 300,000 potential clients. Being the owner of the business, you may be the one who arranges the visits and payment with the client, but you could also be in charge of recruitment.
How much do BrightStar franchise owners make?
In 2021, for our franchisees' first BrightStar Care locations only, the combined average revenue was $2,213,799*, while the combined average revenue for the top quartile of our franchisees' first locations was $4,488,397**.
Is BrightStar home care a franchise?
BrightStar Care is a home healthcare franchise dedicated to providing both medical and non-medical assistance for families and individuals in need. With over 15 years of incomparable success, we are providing the full continuum of care in an industry that continues to grow due to the increasing senior population.
How many BrightStar franchises are there?
Now with over 300 independently owned and operated locations nationwide, BrightStar Care nurses, therapists, CNAs, and caregivers deliver professional and compassionate care in the comfort and familiarity of home.
Are senior care franchises profitable?
According to Franchise Business Review, the average profit on senior-care franchises is $98,723 per year. That lands you almost half a million ($493,615) after five years of profit.
Is Nurse Next Door a good franchise?
In the world of small business opportunities, a senior home care franchise is one of the best bets, and a Nurse Next Door home care franchise stands above the rest. This exciting business opportunity has a proven recipe for success.
Information for Franchisees
Here’s what you need to know if you’re interested in opening a A Caring Home Services franchise.
Financial Requirements & Ongoing Fees
Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
Franchise 500 Ranking History
Compare where A Caring Home Services landed on this year’s Franchise 500 Ranking versus previous years.
About Us
The senior care industry is booming right along with our nation's baby boomer generation. As more and more people enter an age group or a life situation that requires them to have in-home care services, the demand for Caring Matters grows.
Why Choose Caring Matters?
What makes Caring Matters different? Our commitment to providing the best possible service extends to our franchises as well. With the goal of offering each and every one of our franchise owners unparalleled service and support, we treat you as a member of our family—an intricate piece of the puzzle—and a vital member of our team.
