2/10

Franchimp Summary Rating

2 /10
Higher than 87% of peers

Franchise Summary

Company Background
What if your most precious family member needed the help of a caregiver and you couldn't be there? ADL Caring Companions is a franchisor that provides franchisees with instructions on how to operate their own private duty home care businesses. Franchisees work under ADL's name, "ADL Caring Companions" or "First Step Home Care", and provide non-medical services for seniors or those otherwise in need of assistance.
Franchise Opportunity
When you need home care services, the last thing you want is to feel like a number. You want a company that will take your concerns seriously and understand what it's like to be in your shoes. ADL Caring Companions / First Step Home Care provides personalized, high-quality care with compassionate caregivers who are trained and supervised by our team of experts. We're not just providing help at home; we're helping people live better lives. At ADL Caring Companions / First Step Home Care, we treat every client as if they were our own loved ones--because when it comes down to it, that's exactly how we view them! We know from experience there's no one more important than family - so let us take care of yours when you can't be there yourself!

FAQ

How much investment do I need to start my own ADL CARING COMPANIONS/ FIRST STEP HOME CARE business?
Franchisees typically require at least $45,600 to $45,600 investment to get their ADL CARING COMPANIONS/ FIRST STEP HOME CARE business started
What are the initial franchise fees for ADL CARING COMPANIONS/ FIRST STEP HOME CARE?
Franchisees typically need to pay at least $34,900 in fees directly to ADL CARING COMPANIONS/ FIRST STEP HOME CARE in order to earn the right to launch their business
How much money can I make with a ADL CARING COMPANIONS/ FIRST STEP HOME CARE franchise? What are the average revenues for a typical ADL CARING COMPANIONS/ FIRST STEP HOME CARE business?
We haven’t done the math on how much revenue a typical ADL CARING COMPANIONS/ FIRST STEP HOME CARE brings in each year. We estimate that other franchisees in the Health & Fitness industry generate $579,475 revenue, so we would expect ADL CARING COMPANIONS/ FIRST STEP HOME CARE to generate a similar amount
How long do I need to commit to running a ADL CARING COMPANIONS/ FIRST STEP HOME 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

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