Franchise Summary
Description
The franchised business being offered is 1Heart Caregiver Services, a non-medical homecare agency specializing in caregiving services to the elderly and other adults.
Company Background
1Heart Caregiver Services was founded by a healthcare professional with years of experience in the field. The franchise offered is for the establishment of a non-medical homecare agency specializing in caregiver services to the elderly and other adults who do not need nursing home care but require some assistance meeting their healthcare needs.
Franchise Opportunity
There is a growing population of elderly adults and others who, due to various reasons, are unable to care for themselves and must rely on the assistance of others to meet their basic needs. The current options for caregivers range from hiring a private caregiver, which can be expensive and difficult to find qualified help, to placing the elderly adult in a nursing home or assisted living facility, which can be costly and may not offer the desired level of care. 1Heart Caregiver Services offers an affordable and convenient alternative to private caregivers or placement in a nursing home or assisted living facility. We provide experienced and qualified caregivers who can assist our clients with activities such as bathing, grooming, dressing, meal preparation, transportation, medication management, and more.
Corporate Structure
The franchisor is 1HCS Franchising LLC, a California limited liability company, founded in 2008, with its principal business address at 16530 Ventura Blvd., Suite 500, Encino, CA 91436.
Earnings Transparency
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. Personnel Services Industry$952,447 / unit
Franchise Type: Standard
Average Revenue During 2021
Franchise Types Available
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Employee Contact Database
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Distribution of 1Heart Caregiver Services Franchisees
1Heart Caregiver Services Franchise System Development in 2024
FAQ
How much investment do I need to start my own 1Heart Caregiver Services business?
Franchisees typically require at least $125,650 to $153,260 investment to get their 1Heart Caregiver Services business started
What are the initial franchise fees for 1Heart Caregiver Services?
Franchisees typically need to pay at least $61,500 in fees directly to 1Heart Caregiver Services in order to earn the right to launch their business
How much money can I make with a 1Heart Caregiver Services franchise? What are
the average revenues for a typical 1Heart Caregiver Services business?
We estimate that the average revenue of an individual
1Heart Caregiver Services unit is approximately
$952,447. We based this on Item 19 in franchise disclosure
document
How long do I need to commit to running a 1Heart Caregiver Services unit? What
is my contractual commitment?
1Heart Caregiver Services 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
The Franchisor's investment costs ranges from
$125,650 to $153,260
which is
Much Higher
than the $0 to $0 average in the Personnel Services 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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