FirstLight HomeCare Franchise
To buy a franchise with FirstLight HomeCare, you'll need to have at least $100000 in liquid capital and a minimum net worth of $200000. FirstLight HomeCare charges a franchise fee of $48000. They also offer a discount for veterans.
Franchisor Details
Total Units: 180
Year Founded: 2009
Franchising Since: 2010
Home Office: Cincinnati, Ohio
Training: Available
Locations Available: See Below*
Franchise Costs
Liquid Capital Required: $100,000
Net Worth Required: $200,000
Total Investment: $110,881 – $167,876
Franchise Fee: $48,000
Royalty Type: 5% of gross revenues collected
Vetern Discount: Yes
*FirstLight HomeCare is currently accepting inquiries from the following locations: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District Of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming
Values & History
Founded in 2009 and based in Cincinnati, Ohio, FirstLight's management team has more than 170 years of collective experience in the home health care industry, serving as the core of the FirstLight HomeCare foundation. At FirstLight, our pledge to put people first isn't just a mission statement, it's evident in the numbers. FirstLight features an 86% client retention rate in an industry where the average is typically 30-35%, and since moving to a franchise-based business model in 2010 the company has expanded to over 250 locations nationwide, winning a host of awards in the process.
Industry Performance
The home care industry as a whole brought in over $99 billion in total revenue for 2019, growing an average of 3.7% annually over the last five years, with that number projected to as high as 5.8% over the next year alone. The home health care industry is booming and on track to grow considerably as the number of seniors in the population continues to rise, and demand for our services already greatly exceeds market supply in many areas. Senior citizens alone account for approximately 20% of the US population, roughly 54 million people, and about 10,000 people will reach the age of 65 each day for the next twenty years.
Training & Support
Our dedicated Launch Specialists will get new owners off to a strong start with guidance on state licensing requirements, recruiting, networking, and business planning. Complete training that covers all aspects of business administration and management is offered through our "pre-flight" program, beginning with a range of courses and focused work to ensure new owners are adequately steeped in the industry, culminating in five days of rigorous training at our facility in Cincinnati, Ohio. Ongoing support is provided through on-site visits, networking utilities, marketing materials, advertising materials, regional meetings, a comprehensive technology suite, and much more.
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 FirstLight HomeCare Franchise
Interested parties will need access to at least $100k in liquid capital to be considered, along with a net worth minimum of $200k. The total initial investment potential for this opportunity typically ranges from $99,000 to $152,000. Financing via third-party lenders is available for qualified candidates. Veterans who qualify will receive $12,500 off the franchise fee.
FirstLight HomeCare is a FranNet Verified Brand
FranNet Verified Brands are reviewed by FranNet to ensure legitimacy and industry required documentation.
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FirstLight HomeCare is a FranNet Verified Brand
FranNet Verified Brands are reviewed by FranNet to ensure legitimacy and industry required documentation.