Home Instead Franchise
Sunday, January 31, 2010 at 04:15PM Nonmedical companionship and home-care services for the elderly
Home Instead Senior Care was founded in 1994 by Paul and Lori Hogan. Based in Omaha, Nebraska, it provides part-time, full-time and live-in nonmedical service for the elderly who can manage their physical needs but require assistance, supervision, light housework and companionship to remain in their homes. Home Instead Senior Care has locations in the United States, Canada and Western Europe, and offers international master franchise opportunities.
Start-up Costs & Franchises Fees
What is the total cost to open a Home Instead Franchises?
Total Cost: $47,000 USD -$60,500
Total Franchise Fees: $24,500
Ongoing Royalty Fees: 5%
Ongoing Advertising Fees: Not Available
Term of Agreement: 10 years
Contact Information for Home Instead
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Home Instead Senior Care |
Phone Number: (402)498-4466 |
Home Instead In the Press
No results at this time.Historical Expansion
In what year did Home Instead begin operations? 1994
When did Home Instead begin selling franchises? 1995
Year United States Canada International Corporate 2005 595 15 78 2 2004 473 13 58 2 2003 417 9 22 2 2002 341 6 9 1 2001 307 2 1 1
Future Expansion
Countries of Interest:
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee No No Initial Start-up Capital No No Plant, Property, and Equipment No No Inventory No No Accounts Receivable No No Payroll No No
Training & Support
Training
Initial onsite visit
Support
In the Pressletter, Meetings, Toll free phone number, Internet referrals, Safety and Security procedures, Field support and site evaluation, Purchasing cooperatives
Marketing
Ad slicks, National media
Franchise Operation Restrictions
International franchise business owners required to buy multiple units/master licenses; 20% of all franchise business owners own more than one franchise location.Number of employees needed to run franchised unit: 85
Absentee ownership of this franchise business is not available to new franchisees. (98% of current franchise business owners are owner/operators)
Jason Rager's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must use my system to receive these benefits and so much more. Click here.
What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
Can you negotiate lower royalties during start-up? Yes
Can you purchase multiple franchises for a discounted franchise fee? Yes
Can you receive lower advertising fees? Yes
Will I know when the franchise break even? Yes
Will my personal assets including my home be safe in case my franchise business fails? Yes