Assisting Hands Home Care Franchise
To buy a franchise with Assisting Hands Home Care, you'll need to have at least $100000 in liquid capital and a minimum net worth of $300000. Assisting Hands Home Care charges a franchise fee of $48000. They also offer a discount for veterans.
Franchisor Details
Total Units: 140
Year Founded: 2006
Franchising Since: 2007
Home Office: Nampa, Idaho
Training: Available
Locations Available: See Below*
Franchise Costs
Liquid Capital Required: $100,000
Net Worth Required: $300,000
Total Investment: $82,050 – $152,000
Franchise Fee: $48,000
Royalty Type: 5% - 4% (sliding scale)
Vetern Discount: Yes
*Assisting Hands Home Care is currently accepting inquiries from the following locations: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, Rhode Island, Virginia, Washington, Wisconsin
Values & History
Franchising since 2006, Assisting Hands now has nearly 50 units operating across the US thanks to its proven model of success for franchise owners and clients alike. Our core purpose is to provide exceptional in-home care that enriches the lives of our clients and provides peace of mind for their families, and we deliver on that promise with a compassionate, comprehensive approach to assisted living service that is derived from an overall spirit of real concern for the welfare and satisfaction of those who need our care.
Industry Performance
As the number of seniors in the population continues to climb the need for home health care providers becomes more apparent. The home care industry as a whole brought in over $99 billion in total revenue for 2019, experiencing annual average growth of 3.7% over the last five years and projected to swell to 5.8% over the next year. About 20% of the US population, roughly 54 million people, are currently senior citizens and about 10,000 people will reach the age of 65 each day for the next twenty years.
Training & Support
New franchisees will participate in a full week of training that includes both classroom instruction and onsite guidance. All aspects of business operation are covered, complete with caregiver training, recruitment strategies, billing, scheduling practices, customer service, cash flow management, and marketing strategies. Ongoing support through additional tools and services are also available, from a company-based intranet and proprietary software systems to regional marketing and PR materials.
Ideal Candidate & Qualifications
The best candidates for ownership will be dedicated to service excellence and administration of compassionate, quality care for those in need within the community. A background in business management is helpful, but not necessary. No medical experience is necessary, as franchisees will be expected to lead their team of professionals and focus on growing and improving their business.
Purchasing a Assisting Hands Home Care Franchise
Entrepreneurs interested in an Assisting Hands franchise will need to have a minimum net worth of at least $150k and access to at least $50,000 in liquid funds. A variety of financing options are available through third-party lenders for those that qualify. The expected initial investment potential ranges between $66,450 and $135,000 for most franchisees.
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Assisting Hands Home Care is a FranNet Verified Brand
FranNet Verified Brands are reviewed by FranNet to ensure legitimacy and industry required documentation.
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Assisting Hands Home Care is a FranNet Verified Brand
FranNet Verified Brands are reviewed by FranNet to ensure legitimacy and industry required documentation.