HOME HELPERS Franchise Startup Cost, Profit & Opportunities
Home Helpers is involved in the provision of non medical, medical and personal care services to old people and other set of people that need care, either on a short or long term. It may be quite expensive to move a loved one into a nursing centre, so the best alternative that most family go for is the hiring of a caregiver that does home visitation. One of the best choices in the country is Home Helpers. They are quite affordable and render the best services when it comes to care giving. In our article, we will discuss on how much is a Home Helpers franchise.
Before giving a consideration to the cost, however, it is important that you should understand the type of care that will be required for either you or your loved ones. Home Helpers renders a continuous range of home services that is designed to meet the need of every client.
IS HOME HELPERS A FRANCHISE?
Home Helpers is a franchise and the company has a working franchise model that will definitely bring success to everyone that buys into the franchise opportunity. In the past 19 years, Home Helpers huge revenue growth has not been rivalled. If you have the passion to build a business that thrives and also care for the senior citizens with the potential of a high revenue, then you can decide to choose the Home Helpers franchise.
HOW MUCH DOES A HOME HELPERS FRANCHISE COST?
The total investment that will be needed to open a Home Helpers franchise will be in the range of $65,000 and $125,000. The company will also require every new franchisee to have a liquid capital in the tune of about $100,000 and then net worth of about $150,000.
THE HOME HELPERS FRANCHISE FEE
As a new franchisee with the Home Helpers brand, you will be required to make an initial franchise fee. This is the payment that will enable you to have access to the company’s license. The initial franchise fee cannot be refunded and renewable after a certain period of time. The Home Helpers franchise fee is $44,900 and you will also be expected to make an ongoing royalty fee of about 6%.
HOW MUCH DOES A HOME HELPERS FRANCHISE MAKE
Every Home Helpers franchise owner’s earning will be determined by so many factors. One of the most important factors being the location of the franchise: a franchise in an urban area will get more clients and businesses than one in a local town. Another important factor will be the ability of the franchise owner to seal business deals and maintain sealed deals with their clients. The average income that can be made can be seen in the FDD.
THE BUSINESS 4 PROFIT CENTERS
The Home Helpers business model is centred on 4 unique profit centers. This business model gives you the opportunity to design a blue print that will assist you and your clients in getting the best services from your business. The profit centers include:
- Personal care
- Companion care
- Medical care
- In-home monitoring & exclusive medical alerts.
Successful franchise owners with the company have been able to leverage on these profit centers to service their clients. Home Helpers well planned partnership will assist every franchisee to be able to generate leads, not only for senior care services but as well for home services for:
- Recuperative care
- Expectant and new mothers
- Long term care
- Episodic care
WHO QUALIFIES FOR A HOME HELPERS FRANCHISE?
For you to be able to qualify for a Home Helpers franchise, you will need to show your financial eligibility before any other term. The company also gives preference to individuals that have prior experience in the care giving industry. Although trainings will be offered to all that are eventually selected for a Home Helpers franchise opportunity.
New franchisees with the company are not offered any kind of funding, either directly or indirectly. Franchisees that seek additional financing will be required to do so at their own discretion. You can discuss with your financial advisor for the best loan plan that you can go for.
When you buy into the Home Helpers franchise, you will be presented with the opportunity to be trained alongside an additional member of your staff. Trainings will be conducted at the company’s head office in Ohio. The training must be completed from the moment the franchise agreement is signed before the 1st 3 month of operation of the new franchise unit.
Every new franchisee will be granted an exclusive territory which will based on the Postal Zip Code a franchisee will be able to serve clients within the specific geographical location according to the mapping system as at the time of signing the franchise agreement.
TERMS OF AGREEMENT
The initial period of agreement for a franchise term is 10 years. Franchisees that seek to have an elongation of their term once it expires can seek for a term renewal of another 10 years. They will be able to do this if they meet with Home Helpers terms and conditions for term elongation.
HOW TO OPEN A HOME HELPERS FRANCHISE
For more information on how to open a Home Helpers franchise, you will need to proceed to the company’s website and submit your franchise application.
If you are considered eligible to run a Home Helpers franchise, you will be allocated a franchise consultant who will help you in setting up your new franchise unit.