5/10

Franchimp Summary Rating

2 /10
Higher than 87% of peers

Franchise Summary

Description
As a franchisee, you will operate a Home Instead Senior Care business which provides home care and companionship services for seniors.
Company Background
Home Instead Senior Care is a franchise network of in-home care providers who provide non-medical, companionship services to the elderly. The company was founded in 1992 by Dr. Joni Rogers and her husband Ken, after she saw an elderly woman struggling with life at home alone during Christmas holidays. Their goal is to help families keep their loved ones living independently at home for as long as possible. To date, Home Instead has helped more than 3 million seniors live fulfilling lives at home so they can enjoy quality time with their family and friends.
Franchise Opportunity
People are living longer and want to stay in their homes. Most people don't want to give up the independence that comes with living at home, but they need help getting things done around the house. Hiring a professional senior care provider from Home Instead Senior Care can make all of the difference. We have more than 15 years of experience helping seniors live independently in their own homes, and we'll provide you with everything you need for your business including training, marketing materials, and ongoing support!
Corporate Structure
Home Instead, Inc. is a corporation formed in the State of Nebraska on May 4, 1994. Their principal place of business is 13323 California Street, Omaha, Nebraska 68154.
Investment and Franchisee Fees
The total investment necessary to begin operation of a Home Instead Senior Care® franchise business is from $57,694 to $76,470. This includes $45,000 which must be paid to the franchisor as the initial franchise fee.
Royalties and Marketing Fees

Royalties : 5.0% 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

$2,229,480 / unit

Franchise Type: Standard

Average Revenue During 2021

$2,229,480
$153,501
Industry Low
$2,229,480
Industry High

Employee Contact Database

# Name Position Phone Number Email Address

Distribution of Home Instead Senior Care Franchisees

Home Instead Senior Care Franchise System Development in 2022

FAQ

How much investment do I need to start my own Home Instead Senior Care business?
Franchisees typically require at least $44,286 to $130,910 investment to get their Home Instead Senior Care business started
What are the initial franchise fees for Home Instead Senior Care?
Franchisees typically need to pay at least $25,000 in fees directly to Home Instead Senior Care in order to earn the right to launch their business
How much money can I make with a Home Instead Senior Care franchise? What are the average revenues for a typical Home Instead Senior Care business?
We estimate that the average revenue of an individual Home Instead Senior Care unit is approximately $2,229,480. We based this on Item 19 in franchise disclosure document
How long do I need to commit to running a Home Instead Senior Care unit? What is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are also generally 10 years

Accessibility

2 /10
The Franchisor's investment costs ranges from $639,239 to $978,710 which is Much Higher 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

Franchises in the Same Industry

Popular Franchises

Is this your Franchise?

Update your profile with photos, videos, useful information, and start connecting with prospective franchisees today

CLAIM THIS FRANCHISE