ComForCare Franchise Systems, LLC ("ComForCare") offers franchises for the operation of a ComForCare Home Care franchised business that provides: (1) Personal Care Services: Non-medical in nature that include companionship, personal care for activities of daily living (ADLs) and instrumental activities of daily living (IADLs) along with homemaker/chore provider services to persons of all ages allowing them to age in place, (2) Private Duty Nursing (PDN) services: hourly, shift-based care performed by a Home Health Aide (HHA), Licensed Practical Nurse/Licensed Vocational Nurse (LPN/LVN), or Registered Nurse (RN) to patients of all ages with long term complex health conditions, and (3) on-site community care.
Company Background
Comfort Keepers is a franchised network of non-medical in-home care services that include companionship, personal care for activities of daily living (ADLs) and instrumental activities of daily living (IADLs). Comfort Keepers has over 500 franchises with operations in all 50 states. These franchises offer private duty nursing services, including hourly or shift based home health aide care performed by an HHA. The company's mission is to provide quality service to seniors who are at risk for institutionalization while providing caregivers with rewarding careers.
Franchise Opportunity
ComForCare Home Care franchisees provide non-medical in nature personal care services, including companionship and assistance with ADLs and IADLs to persons of all ages allowing them to age in place. The aging population is growing rapidly, creating a need for the home based health care industry. This growth has created a need for trained professionals who can fill this gap and meet the needs of clients throughout their entire life cycle. ComForCare Home Care Franchise System offers an opportunity that allows you to help people live independently while building your own business. Our network provides our franchise partners with access to clients as well as support from experienced professionals who have been through every step of opening a new business, training staff members on client care techniques, marketing your business effectively across multiple channels (including social media), providing ongoing operational support such as payroll processing/bookkeeping/accounting systems management etc., helping you grow your company by providing sales leads via direct
Corporate Structure
CK Franchising, Inc. was incorporated under Ohio law on February 8, 1999. On February 7, 2003 they restated their charter to effect a recapitalization that resulted in a substantial increase in their authorized capital and their outstanding capital stock. As a result of the recapitalization, February 7, 2003 is considered the date of their inception for accounting purposes. Their principal business office is located at 1 Park Plaza, Suite 300, Irvine, CA 92614. They have been in the business of granting Comfort Keepers® franchises and assisting franchisees since March 1999.
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
$899,026 / unit
Franchise Type: Standard
Average Revenue During 2019
$899,026
$42,880 Industry Low
$4,807,626 Industry High
Franchisee Attrition
5 /10
This franchise's rate of attrition in 2020
of 4.19%
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
Management Team
#
Name
Position
Franchise Disclosure Documents
FDD
Effective Date
Distribution of Comfort Keepers Franchisees
Comfort Keepers Franchise System Development in 2021
Historical Comfort Keepers System Growth
FAQ
How much investment do I need to start my own Comfort Keepers business?
Franchisees typically require at least $56,225 to $144,964 investment to get their Comfort Keepers business started
What are the initial franchise fees for Comfort Keepers?
Franchisees typically need to pay at least $49,900 in fees directly to Comfort Keepers in order to earn the right to launch their business
How much money can I make with a Comfort Keepers franchise? What are
the average revenues for a typical Comfort Keepers business?
We estimate that the average revenue of an individual
Comfort Keepers unit is approximately
$899,026. We based this on Item 19 in franchise disclosure
document
How long do I need to commit to running a Comfort Keepers unit? What
is my contractual commitment?
Comfort Keepers 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
10 /10
The Franchisor's investment costs ranges from
$56,225 to $88,275
which is
Much Lower
than the $322,949 to $669,726 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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