Home Instead Franchise Costs: Estimated Initial Investment (Item 7, 2022 FDD)
- 1. Initial Fee: $59,000 Home Instead does not finance any of this fee.
- 2. Operating Software – 3 Months: $0 to $500 ...
- 3. Training and Living Expenses While Training: $500 to $1,000
- 4. Real Estate and Expenses: $1,000 to $3,500 ...
- 5. Equipment: $3,000 to $5,000 ...
- 6. Signs: $1,000 to $5,000
- 7. Miscellaneous Opening Costs, Including Insurance Deposit: $7,000 to $10,000 ...
- 8. Inventory: $500 to $1,000 ...
Full Answer
What is franchise fee?
Where is Home Instead Senior Care located?
How long is a franchise agreement?
Do franchisors have in-house financing?
See 1 more
About this website
Start a Home Instead Franchise, 2022 Costs & Fees
What Does a Home Instead Franchise Cost?. To buy a franchise with Home Instead, you'll need to have at least $59,000 in liquid capital. Franchisees can expect to make a total investment of $130,000 - $140,000.They also offer financing via 3rd party as well as a discount for veterans (For a limited time through the "Mission for Service" program, the $59,000 Startup fee may be waived).
15 Best In-Home Senior Care Franchises of 2022 (UPDATED RANKINGS)
The Top In-Home Senior Care Franchises of 2022 1. Home Instead Senior Care. Home Instead Senior Care can provide seniors with part-time or full-time live-in care, but it has to be nonmedical kinds of assistance and companionship, although hospice care is a service offered for those needing end-of-life care. This will be a theme that runs throughout this list in terms of franchised in-home ...
Home Instead Franchise Cost and Requirements for 2022 - IFPG
The senior care industry is booming because the senior population is expanding and is expected to grow faster than any other age group. According to the United Nations Population Fund and HelpAge International, the number of people over the 60 will double by 2050.
Login - Home Instead, Inc. - ApplicantStack
Looking for a job in home care working with seniors? Join our team at Home Instead Senior Care in Omaha, NE
Home Instead Senior Care Review & Pricing in 2022
Home Care Services Offered Home Instead's caregivers provide home care services ranging from personal care and help with activities of daily living (ADLs), such as bathing and grooming, meal prep, light housekeeping, transportation, and companionship.. Home Instead's customized – or “person-centered” – approach means that each of their professional CAREGivers is carefully matched with ...
Log in to My Franchise
The credentials you supplied were invalid. Please try again. Login Forgot Password. https://myfranchise.homeinstead.co.uk/weekly-update-2nd-august-2021
Videos
Home Instead Owner Testimonials - How has owning a Home Instead franchise changed your life?
Background
The senior care industry is booming because the senior population is expanding and is expected to grow faster than any other age group. According to the United Nations Population Fund and HelpAge International, the number of people over the 60 will double by 2050. This means that there will be an increased need for senior care services.
Support and Training Offered By Home Instead
Franchise owners can expect a week-long training course at the corporate headquarters in Omaha, Nebraska. A business advisory team will also give you guidance and advice during your tenure as a business owner. You will also have access to industry resources, including web-based training for you and your staff.
Franchises Similar to Home Instead
The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises.
How much does it cost to start a home instead franchise?
For a new franchise in a previously unopened market, you’re looking at a total start-up cost range of $125,000 to $135,000. That includes:
Does the purchase price of a franchise depend on the value of the business?
Naturally, the purchase price of an existing franchise will depend on the value of the business. That price is completely up to you and the existing owner. Before the deal is finalized, Home Instead, Inc. must approve the transfer of the franchise.
Do franchisees get direct financing?
Many franchisees use some kind of funding, even if they have enough cash to cover the initial investment. We don’t offer direct financing, but we have a variety of lenders we can refer qualified candidates to. Most franchisees use Small Business Administration (SBA) loans, and we are a SBA-preferred franchise network, which can expedite the lending process.
Steps to Owning a Senior Care Franchise
We'll help you navigate the journey from candidate to franchise owner and beyond. From initial screening, through training, staffing and opening your doors.
Why Choose Home Instead
Enjoy the confidence of being affiliated with the leading name in the home care franchise industry – with over 26 years of experience and more than 1,200 franchises in 14 countries.
Awards & Recognition
As you explore franchising options, a provider’s reputation should be transparent. Our award-winning franchise system provides the highest quality experience available.
Available Franchises
Choose from territories ready for a new Home Instead ® franchise, or find a current franchise prepared to transfer ownership to you.
What is franchise fee?
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor.
Where is Home Instead Senior Care located?
Company Overview. Home Instead Senior Care was founded in 1994 by Paul and Lori Hogan. Based in Omaha, Nebraska, it provides part-time, full-time and live-in nonmedical service for the elderly who can manage their physical needs but require assistance, supervision, light housework and companionship to remain in their homes.
How long is a franchise agreement?
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
Do franchisors have in-house financing?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
What is home instead senior care?
Home Instead Senior Care is a large agency spread throughout the United States. As a franchise business, each office of Home Instead Senior Care is independently owned and operated following the structure set up by Home Instead Senior Care corporate offices. When you want to stay at home but you need care, Home Instead Senior Care gives you options. This is a large network of senior care services. You can find hourly care to help with chores around the house, as well as 24 hour care for hospice care.
What is a caregiver in home instead?
Caregivers are there to provide companionship, support, cooking help, medication monitoring and more. No matter what services are necessary, a Home Instead Senior Care employee can get the job done.
Why is home instead of senior care beneficial?
Home Instead Senior Care is beneficial to seniors who want to stay at home because: Care can be provided 24 hours a day, no matter how extensive that care needs to be. Companionship level of care is available for those that don’t have a directly medical need for home care.
Does Home Instead have reviews?
We have more reviews and ratings of Home Instead Senior Care for you to look over if you still want more information regarding this agency. Our review system is updated regularly so that we provide you with the most current information regarding senior care recommendations. Find Home Instead Senior Care reviews by doing a search on our site.
Is Home Instead a franchise?
As a franchise business, each office of Home Instead Senior Care is independently owned and operated following the structure set up by Home Instead Senior Care corporate offices . When you want to stay at home but you need care, Home Instead Senior Care gives you options. This is a large network of senior care services. You can find hourly care to help with chores around the house, as well as 24 hour care for hospice care.
What is franchise fee?
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor.
Where is Home Instead Senior Care located?
Company Overview. Home Instead Senior Care was founded in 1994 by Paul and Lori Hogan. Based in Omaha, Nebraska, it provides part-time, full-time and live-in nonmedical service for the elderly who can manage their physical needs but require assistance, supervision, light housework and companionship to remain in their homes.
How long is a franchise agreement?
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
Do franchisors have in-house financing?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
