6/10

Franchimp Summary Rating

7 /10
Earnings Transparency
4 /10
Franchisee Attrition
Lower than 62% of peers
8 /10
Investment Accessibility
Lower than 21% of peers

Franchise Summary

Description
A Home Helpers franchise provides senior care and home careservices, and medical alert, medication management, telehealth and related monitoringproducts and services. Some franchisees also offer skilled care services.
Company Background
Home Helpers Home Care is a franchising company that provides home care and senior care services. The company offers medical alert systems, medication management, telehealth and related monitoring products and services to seniors in need of assistance with activities of daily living. Some franchisees also provide skilled nursing care to those who require it.
Franchise Opportunity
Our aging population is growing and the need for home care services is increasing. The number of seniors age 65 and older is projected to more than double from 43 million in 2016 to over 98 million by 2060, and the demand for long-term care will grow along with them. Home Helpers Home Care offers a solution to this growing problem. We provide high-quality home care services that allow seniors to stay in their homes and live independently for as long as possible.
Corporate Structure
H.H. Franchising Systems, Inc. is an Ohio corporation that was incorporated on May 30, 1997. Their principal business address is 10700 Montgomery Road, Suite 300, Cincinnati, Ohio, 45242. They do business in the United States under their name, H.H. FRANCHISING SYSTEMS, INC., and under their trade names, HOME HELPERS and HOME HELPERS HOME CARE. They also do business outside the United States under the trade name CARING HEARTS. They have offered Home Helpers franchises since August 1997.
Royalties and Marketing Fees

Royalties : 3.0% - 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. Health & Fitness Industry

$1,294,431 / unit

Franchise Type: Standard

Average Revenue During 2021

$1,294,431
$153,501
Industry Low
$2,229,480
Industry High
Show All Years +

Franchisee Attrition

4 /10
This franchise's rate of attrition in 2022 of 7.14% was Slightly Lower than the 8% in the Health & Fitness 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

Employee Contact Database

# Name Position Phone Number Email Address

Distribution of Home Helpers Franchisees

Home Helpers Franchise System Development in 2022

FAQ

How much investment do I need to start my own Home Helpers business?
Franchisees typically require at least $113 to $161 investment to get their Home Helpers business started
What are the initial franchise fees for Home Helpers?
Franchisees typically need to pay at least $59 in fees directly to Home Helpers in order to earn the right to launch their business
How much money can I make with a Home Helpers franchise? What are the average revenues for a typical Home Helpers business?
We estimate that the average revenue of an individual Home Helpers unit is approximately $1,294,431. We based this on Item 19 in franchise disclosure document
How long do I need to commit to running a Home Helpers unit? What is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are also generally 10 years

Accessibility

8 /10
The Franchisor's investment costs ranges from $113,350 to $161,600 which is Much Lower than the $0 to $0 average in the Health & Fitness 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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