Your Investment
Our estimated initial investment for a new HomeCare franchise is $116,650 – $161,000. This is based on our team’s experience working with and for other home care franchise systems.
| Type of Expenditure | Estimated Amount |
|---|---|
| Initial Franchise Fee | $55,000 |
| Office Real Estate, Rent, and Deposits | $2,750 – $5,500 |
| Leasehold Improvements | $10,000 – $15,000 |
| Insurance | $1,500 – $3,000 |
| Required Permits and Licenses | $200 – $2,000 |
| Office Furniture and Fixtures | $2,700 – $8,000 |
| Computers and Software | $5,000 – $7,500 |
| Office and Medical Supplies | $3,000 – $6,000 |
| Training Costs (Food, Lodging, Travel, etc.) | $2,500 – $5,000 |
| Initial Opening Marketing and Signage | $11,000 – $19,000 |
| Professional Services (Lawyers, CPAs, etc.) | $3,000 – $5,000 |
| Additional Funds for the First 3 Months | $30,000 – $40,000 |
| Total | $116,650 – $161,000 |
Where Will Your Investment Go?
Your initial investment will be spread out among a variety of sources, including HomeCare Advocacy Network, our preferred suppliers, landlords, and other internal or external parties.
What You Pay Us
From your initial investment, we collect only the $55,000 franchise fee. Franchisees pay no other fee to HomeCare for all services prior to opening day, including our 80 hours of franchisee training.
If you wish to open multiple HomeCare franchise locations and we find you qualified, we offer a multi-unit development option. In this case, the initial franchise fee for the first location remains at $55,000. After the first business, an additional multi-unit development fee of $22,500 will be due for each additional location you commit to develop.
Once your business is open, you will pay us royalties and a brand marketing and promotion fee as a percentage of your gross billings weekly. We also collect a monthly marketing and development service fee. Additional fees may be incurred for late payments, ongoing training or seminars, or if you fail to properly report gross billings or maintain required insurance.
What You Pay to Other Vendors and Suppliers
HomeCare Advocacy Network requires franchisees to use approved suppliers for office furniture and fixtures, computers and software, medical equipment, marketing, and signage. You will be responsible for arranging other third parties like landlords, insurance carriers, lawyers, and accountants.
Your Qualifications
Now that you know about our home care assistance franchise cost, find out what kind of entrepreneurs thrive as franchisees. Kind, gritty, resilient, and purpose-driven leaders often find success with HomeCare.
