Touching Hearts at Home Franchise
To buy a franchise with Touching Hearts at Home, you'll need to have at least $50000 in liquid capital and a minimum net worth of $100000. Touching Hearts at Home charges a franchise fee of $39500.
Total Units: 50
Year Founded: 1996
Franchising Since: 2007
Home Office: Minneapolis, MN
Locations Available: See Below*
Liquid Capital Required: $50,000
Net Worth Required: $100,000
Total Investment: $50,000 – $75,600
Franchise Fee: $39,500
Royalty Type: -
Vetern Discount: 10% off Franchise Fee
*Touching Hearts at Home 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 St. Paul, MN in 1996, Touching Hearts at Home quickly found a growing interest in its unique approach to in-home care. The organization moved to a franchise model in 2007 and began offering its commitment to compassionate care to clients nationwide. Touching Hearts at Home specializes in quality care with a personal touch, carefully tailored to the needs of each unique client. CEO and founder Renae Peterson brings extensive ownership experience to the non-medical in-home care industry, having owned and operated a senior-care business for 11 years. Renae is also a successful franchisee herself, owning and operating a Merry Maids location, a franchise founded by her brother Dallen Peterson.
Home care providers fill a significant industry need as the number of seniors in the population continues to climb. 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. 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.
Training & Support
Our comprehensive onboarding process includes several days at the corporate training site in Minneapolis, MN. The hands-on experience typically involves three or four owners learning together as a team, forging stronger bonds that will continue beyond the training session, enabling them to collaborate and support one another as they grow their respective operations. Ongoing support is provided through webinars, on-site visits, conference calls, and annual owners meetings, and no franchise owner is ever more than a phone call away from the advice or answers they need.
Ideal Candidate & Qualifications
Ideal candidates for ownership have strong social and interpersonal skills, as the nature of our business relies heavily on quality customer care and service. Franchise owners will need to have strong management experience with a determination for business success while being able to put the welfare of our clients first. Marketing or sales experience isn't necessary, nor is any prior medical experience or training, however, possession of these kinds of skills will be a valuable asset for potential owners as they continue to grow their business.
Purchasing a Touching Hearts at Home Franchise
Prospective owners of a Touching Hearts at Home franchise will need a minimum of $100k in net worth with at least $50k in liquid funds. Franchise fees for this opportunity run $39,500, with an expected total investment potential between $50k and $75k. Financing is currently unavailable. Veterans are offered a 10% discount from franchise fees in gratitude for their service.
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