8/10

Franchimp Summary Rating

8 /10
Lower than 22% of peers

Franchise Summary

Description
The franchise offered is to operate a Domestic Referral Agency providing caregiver placement services to the elderly and other individuals seeking in-home non-medical care and companionship.
Corporate Structure
We are a Domestic Referral Agency (“DRA”) incorporated in the State of Nevada offering caregiver search, recruitment and placement services to the elderly and others. We grant franchises for the establishment, development and operation of a business (a “Franchise”) which identifies, recruits, screens and refers suitable persons (“Caregivers”) to provide personal care, homemaking and companionship services (“Services) to persons requesting such services (“Clients”) in a variety of settings under the HALLMARK HOMECARE mark and such other trademarks, trade names, service marks, logos, and designs that we may designate now and in the future (the “Marks”) and the HHC proprietary business system (the “System”). Clients generally include the elderly or disabled persons needing assistance with the activities of daily living including bathing, toileting, ambulation, medication reminders, incidental transportations, meal preparation and eating, and shopping and errands, as well as simple companionship and safety supervision for cognitively impaired individuals. The Services are non medical in scope and nature and are paid either privately by Clients or through third party payors such as insurance companies.
Royalties and Marketing Fees

Royalties : 6.0% of revenue

Earnings Transparency

7 /10
This Franchise discloses slightly more information about the financial performance of their franchisees compared to other franchises in the same industry

Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet

Financial Performance of "Standard" Units

Average Revenue Per Unit

Compared vs. Home Improvement & Remodeling Industry

$2,033,801 / unit

Franchise Type: Standard

Average Revenue During 2022

$2,033,801
$307,721
Industry Low
$4,124,478
Industry High

Average Gross Profit Per Unit

Compared vs. Home Improvement & Remodeling Industry

$736,980 / unit

Franchise Type: Standard

Average Gross Profit During 2022

$736,980
$183,960
Industry Low
$736,980
Industry High

Franchise Types Available

# Type Investment Fees

Employee Contact Database

# Name Position Phone Number Email Address

Distribution of Hallmark Homecare Franchisees

Hallmark Homecare Franchise System Development in 2022

FAQ

How much investment do I need to start my own Hallmark Homecare business?
Franchisees typically require at least $99 to $124 investment to get their Hallmark Homecare business started
What are the initial franchise fees for Hallmark Homecare?
Franchisees typically need to pay at least $49 in fees directly to Hallmark Homecare in order to earn the right to launch their business
How much money can I make with a Hallmark Homecare franchise? What are the average revenues for a typical Hallmark Homecare business?
We estimate that the average revenue of an individual Hallmark Homecare unit is approximately $2,033,801. We based this on Item 19 in franchise disclosure document
How long do I need to commit to running a Hallmark Homecare unit? What is my contractual commitment?
Hallmark Homecare franchisees are typically required to sign up to a 10 year contract initially. The renewal length is 10 years. You can of course exit early but don’t expect to get any refund!

Accessibility

8 /10
The Franchisor's investment costs ranges from $99,500 to $124,500 which is Much Lower than the $0 to $0 average in the Home Improvement & Remodeling industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc

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