6/10

Franchimp Summary Rating

10 /10
Earnings Transparency
3 /10
Franchisee Attrition
Lower than 71% of peers
6 /10
Investment Accessibility
Lower than 45% of peers

Franchise Summary

Description
You will operate an agency providing comprehensive non-medical and medical care to home care clients within their home or residence as well as supplemental healthcare staff to institutional clients. Institutional clients include facilities like hospitals, nursing homes, and clinics.
Company Background
BrightStar is an agency that provides comprehensive non-medical and medical care to homecare clients within their homes or residences as well as supplemental healthcare staff to institutional clients. Institutional clients include facilities like hospitals, nursing homes, and clinics.
Franchise Opportunity
Many home health agencies are understaffed and overworked. As a result, the quality of care suffers. BrightStar is looking for an experienced Senior Care Manager to join our team in Sarasota, Florida. This position will be responsible for overseeing the daily operations of a Medicare certified home health agency. The ideal candidate must have strong leadership skills as well as excellent communication and organizational abilities. We're offering you the chance to lead one of our growing teams in Florida's beautiful Gulf Coast region! You'll get to manage your own caseload while making sure that patients receive top notch care from highly trained nurses and caregivers who know how to make them feel at home when they're not there physically! In addition to competitive pay, we offer generous bonuses based on performance so you can earn more money while doing what you love most - taking care of people! Apply today if this sounds like something you'd enjoy doing every day!
Corporate Structure
BrightStar Franchising, LLC is an Illinois limited liability company with their principal offices at 1125 Tri-State Parkway, Suite 700, Gurnee, IL 60031. They were organized on January 21, 2005 and have offered franchises since August 2005.

Earnings Transparency

10 /10
This Franchise discloses far more 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

$1,781,764 / unit

Franchise Type: Standard

Average Revenue During 2022

$1,781,764
$307,721
Industry Low
$4,124,478
Industry High
Show All Years +

Franchisee Attrition

3 /10
This franchise's rate of attrition in 2019 of 5.96% was Slightly Lower than the 7% in the Home Improvement & Remodeling industry. Generally speaking, a higher rate of attrition represents a less stable franchise system and a lower rate of attrition indicates a more successful system
What's Included in franchise attrition?
We define the franchisee attrition rate as the sum of terminations, re-acquisitions by franchisor, non-renewals, and ceased operations, divided by the number of outlest at the start of the year. It is a strong indicator of the strength of the underlying operating model

Franchise Types Available

# Type Investment Fees

Management Team

# Name Position

Distribution of BrightStar Care Franchisees

BrightStar Care Franchise System Development in 2022

FAQ

How much investment do I need to start my own BrightStar Care business?
Franchisees typically require at least $87 to $231 investment to get their BrightStar Care business started
What are the initial franchise fees for BrightStar Care?
Franchisees typically need to pay at least $25 in fees directly to BrightStar Care in order to earn the right to launch their business
How much money can I make with a BrightStar Care franchise? What are the average revenues for a typical BrightStar Care business?
We estimate that the average revenue of an individual BrightStar Care unit is approximately $1,781,764. We based this on Item 19 in franchise disclosure document
How long do I need to commit to running a BrightStar Care unit? What is my contractual commitment?
BrightStar Care 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

6 /10
The Franchisor's investment costs ranges from $87,459 to $231,538 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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