How to open a Comfort Keepers franchise?
- Ensure you have adequate capitalization. In order to open the Comfort Keepers in-home senior care franchise, you must have a net-worth of $300,000.
- Appreciate the investment required for a restaurant franchise. ...
- Evaluate your prior experience and strengths. ...
- Assess market availability. ...
- Submit your application. ...
- Receive approval & opening your Comfort Keepers franchise. ...
Full Answer
How much does a Comfort Keepers franchise cost?
How much does it cost to start a Comfort Keepers franchise? The initial franchise fee is $50,000. Working capital is also needed for additional anticipated start-up costs. Financing programs are available.
Are homecare franchises profitable?
According to the Franchise Business Review, home care franchises are the most profitable type of franchise business. In a 2021 Special Report by FBR, senior care outranked real estate, health and personal services, and business services for this distinction.
Is comfort care a franchise?
A ComForCare franchise owner has access to a corporate team with more than 200 years' combined experience in home care and franchising. With one staffer for every four franchise owners, individual attention is a reality, not a goal.
How many locations does Comfort Keepers have?
Let our caregivers relieve this stress by providing professional home care services with a personal touch. With more than 700 offices worldwide, Comfort Keepers has been named one of the fastest growing franchise systems by INC.
Why in home care franchises are booming these days?
Populations in the United States and across the developed world are aging. Because more and more people are also living longer lives, there is a greater likelihood that they will, at some point, need some level of care.
Is Senior Care 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. With a fraction of that as the initial investment, it looks like a great idea to entrepreneurs.
How many ComForCare franchises are there?
Founded over 20 years ago, ComForCare has grown to more than 200 senior home care franchise locations across the country and has built a reputation as one of the best franchises to won in the $300 billion senior care industry, with special programs to keep us at the forefront of senior care.
How long has Comfort Keepers been in business?
Kris' daughter suggested “Comfort Keepers” based on the company's goal: to keep clients comfortably at home as an alternative to expensive nursing homes and senior facilities. And Comfort Keepers was born! Since 1998, the company has flourished from a dream to 700+ locations worldwide.
How many employees does Comfort Keepers have?
50 employeesComfort Keepers is a small professional company based in Dayton, OH with only 50 employees and an annual revenue of $1.4M.
How much does it cost to start a home health care business in Florida?
Private Pay Home Care agency: $40,000 to $80,000. Licensed Home Health non-Medicare agency: $60,000 to $100,000. Medicare Certified agency: $150,000 to $350,000.
How do I start a senior home care business in Ohio?
To start your home care business, you will need to apply for your home care license in Ohio. This license is referred to as an Non-Medical Home Health Services License license. A home care license application will need to be compiled and sent to the State of Ohio with a fee of $250.00 depending on level.
How do I start a home health agency in Florida?
To open a home care business in Florida, you need to apply for a Tax ID Number, Employer Number (EIN), NPI Numbers, and licenses. Certified Homecare Consulting will contact the IRS to request the EIN. The business also needs a state tax pass, which we will get from the Secretary of State's office upon registration.
How do I start a home health care business in Michigan?
To open a home health agency in Michigan you will need to apply for tax IDs and licenses. We will contact the IRS to apply for an employer ID number, also known as an EIN. The business owner also needs a state tax permit, which we will obtain from the secretary of state's office upon registration.
What is a Comfort Keepers franchise?
Starting a Comfort Keepers franchise is the opportunity to build a business with purpose and positive impact on the lives of others in your community and beyond. Our caregivers bring joy into the homes of seniors, and our franchise owners enable that care by opening and building local businesses. We take great pride in what we have built over twenty years, and we love seeing new franchises open with people who are passionate about senior care.
How much will the senior care market be in 2020?
By 2020, the market for in-home senior care is projected to reach $23 Billion
Introduction to Comfort Keepers
During this initial phone call, you will learn about the senior care franchise industry, our company, and your role as a franchise owner.
Complete a Qualification Questionnaire
Before moving forward, you will complete our qualification questionnaire and begin the mutual evaluation process. Your information is confidential and will not be shared.
Support Discussion
Your franchise development specialist will have an in-depth discussion with you about the support you will receive as a Comfort Keepers franchise owner. This discussion will cover our field-based coaching program, advertising and marketing, the role of the franchise support center, software, and licensure.
Franchise Disclosure Document (FDD)
The Federal Trade Commission requires franchisors to provide a disclosure document. This document includes important information about your investment, along with a copy of the current franchise agreement. Review this document carefully. Your Franchise Development Consultant will schedule a follow-up call with you to answer questions.
Franchisee Calls
At this point in the process, you should feel prepared to speak with our existing franchisees regarding their experience with Comfort Keepers. Schedule calls with existing franchise owners to ask questions and learn more about their experience.
Meet the Team
You will spend a day in our Franchise Support Center with the opportunity to meet and interact with our staff. This is the final step in the mutual evaluation process.
Agreement Signing Day
Upon signing your franchise agreement, you will be introduced to your new franchisee business coach.
What is Comfort Keepers?
That's one of the many special things about Comfort Keepers, a leading provider of in-home care for seniors and other adults requiring additional care in daily living and related services . The care typically is provided in the client's home (but may also be provided in other facilities), includes companionship, meal preparation, light housekeeping, grocery and clothing shopping, grooming and assistance with recreational activities. Rated a "World-Class Franchise" by The Franchise Research Institute and Ranked #1 in Category by Entrepreneur Franchise 500 in 2014 with more than 15 years of experience and accomplishment. We are a superior choice for capitalizing on the rapidly growing senior care market thanks to its highly regarded brand, unsurpassed operational system and tremendous support resources.
Where is Comfort Keepers headquarters?
Ready - During the "Ready" phase, new franchisees will work with a Business Coach to create a Business Plan, get acquainted with Comfort Keepers systems, as well as complete online coursework to prepare them for their time at corporate headquarter in Dayton, Ohio.
What is the go phase of franchise training?
Go - The "Go" phase of Franchise training will involve one-on-one coaching between the franchisee and their Business Coach. This will involve follow-up calls as well as visits to encourage rapid growth of new and transfer franchises.
Is training and support an event for Comfort Keepers?
Training and Support is not an event for Comfort Keepers... It is always ongoing!
Company Overview
Comfort Keepers is based in Dayton, Ohio and provides seniors with non-medical care. The company offers companionship, meal preparation, light housekeeping, grocery shopping, recreational activities and other services to individuals and couples still living in their own home.
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Comfort Keepers 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 Comfort Keepers landed on this year’s Franchise 500 Ranking versus previous years.
How much does a Comfort Keepers franchise make?
Typically, franchise profits are proportionate to the size of investment. We can help you figure out how much money you can make by reviewing your personal situation. Please unlock this franchise for more information.
When did they begin franchising?
They began franchising in 1999. The average Home Care franchise began franchising in 2010.
Are there any Comfort Keepers franchise opportunities near me?
Based on 2017 FDD data, Comfort Keepers has franchise locations in 43 states. The largest region is the South with 201 franchise locations.
Senior Care. In-Home Care. Respite Care
Our caregivers bring joy into the homes of seniors, and our franchise owners enable that care by opening and building local businesses. We take great pride in what we have built over twenty years, and we love seeing new franchises open with people who are passionate about senior care.
What is Comfort Keepers?
Comfort Keepers is a leading provider of in-home care, senior companion services, and home safety technology to allow our loved ones to remain in the privacy and comfort of their own home.
The Comfort Keepers Advantage
Engage your entrepreneurial spirit, build your future, and improve the lives of seniors and others in your community by becoming a franchise owner with Comfort Keepers.
What makes Comfort Keepers so different?
This helps seniors stay active and take charge of their own care. The caregiver helps the senior with physical exercise to maintain strong muscles. This has been known to reduce the risk of falling and getting hurt. Caretakers play games with the clients, solve puzzles, and engage in mental activities so the senior can remain mentally sharp and alert enhancing quality of life. Comfort Keepers professionals also provide other care as needed, such as, respite care, Alzheimer's disease or dementia care, end-of-life care, private duty nursing, as well as transitioning home care when the senior is released from the hospital to go home.
Who is the founder of Comfort Keepers?
In 1998, the founder of Comfort Keepers, Kris Clum, worked as a registered nurse in the home health care industry . She realized that some of her patients would ask her to get them items like a loaf of bread or milk, take them to the doctor, etc. As a nurse, she was only allowed to tend to their medical needs. These special requests inspired her and her husband, Jerry Clum, Jr., to create the service they call Comfort Keepers
