THE ASSISTING HANDS HOME CARE FRANCHISE OPPORTUNITY
Thank you for your interest in Assisting Hands Home Care franchise. The opportunities in the in-home caregiving industry are strong.
According to an October 2015 report on CNBC.com, “the so-called longevity economy, which serves the needs of Americans over 50, is currently a $7.1 trillion market.” A few of the differentiating factors between Assisting Hands and other in-home caregiving franchises are:
- Expanded business model including medical equipment, skilled nursing and temporary staffing in addition to home healthcare and personal care.
- “A” markets available. We currently have a total of 171 franchises sold, 17 Area Representatives and 72 offices dispersed around the country.
- Our Family of Franchise Owners (FOFO) is truly a family, and we know how to have fun.
- We provide tools to help you be successful, and the support our owners receive is fanatical.
As a member of the International Franchise Association, we are able to gain knowledge of franchising used by 75 different industries, gain insights to new ideas that can be used to improve businesses, build relationships through networking with other members, and we have opportunities for advice, help, and problem-solving.
IFA represents its members on a wide range of small business issues, such as health care, litigation reform, minimum wage, and tax issues. Each year we participate in the Franchise Action Network and communicate directly with members of Congress on legislative issues.
Assisting Hands Home Care® couples proven marketing strategies with quality care to generate customer referrals.
A BOOMING INDUSTRY
According to the U.S. Census Bureau, beginning in 2010 and continuing over the next 20 years, an average of 10,000 people per day on average turning will turn age 65 per day. And according to the AARP, 67% of them will need some type of long-term care in the future. Only five percent (5%) reside or will reside in nursing homes. Some live in assisted living facilities or in hospice, but the majority of America’s aging population will age remain at home and will need in-home care.
One in three Americans voluntarily provides unpaid, informal care each year to one or more ill or disabled family members or friends. The need for Senior Care Franchises is significant, and will only continue to rise as the Baby Boomers generation reach their senior years.
By building strong relationships with referral sources and understanding how to communicate successfully with them, our franchisees continue to grow their business with a high rate of satisfied customers.
WHAT IS THE INITIAL FRANCHISE FEE?
The initial franchise fee is $48,000 for a single unit franchise. Additional franchises may be purchased by qualified individuals purchased at a discount.
WHAT IS THE ROYALTY FEE?
Assisting Hands Home Care charges a sliding-scale royalty fee of 5% – 4% of the weekly gross revenue.
A royalty fee is a standard practice in the franchise industry, and is used to support the franchisor in creating and maintaining ongoing programs and systems that improve the overall company. Royalty fees allow us to continue to grow, thus building brand recognition.
HOW LONG DOES THE FRANCHISE AGREEMENT LAST?
The term of the franchise agreement is ten years, with options for two additional ten-year renewals.
HOW MANY ASSISTING HANDS HOME CARE FRANCHISES ARE THERE IN THE UNITED STATES?
There are currently 140 Assisting Hands Home Care franchises with 72 offices throughout the United States and Canada.
HOW MUCH MONEY WILL I MAKE?
Profitability varies greatly depending on a number of factors, including number of clients, location, capacity and operating costs, as well as the ability of the franchisee to manage and control the business. However we do provide Financial Performance Representations in our Franchise Disclosure Document for all franchisees operating longer than one full year. Our franchise representative will be glad to share this information with you at the appropriate time. We also encourage you to talk with our franchise owners to learn how they built their Assisting Hands business.