Home Care Makes Low-Cost Franchise List
Home care has quickly become known as a top franchise in recent years. With a relatively low cost to entry in the private duty market, some franchises are also gaining recognition as top low-cost franchise businesses, according to the Franchise Business Review.
With a minimum investment of under $100,000, 80 brands made the publication’s Top Low-Cost Franchise list, including several home care companies. The list narrowed down franchisee satisfaction survey data from 13,000 franchisees representing 123 brands, collected between October 2015 and April 2017.
Here are the top low-cost home care franchises that made the cut, as ranked by franchisees:
—Assisting Hands. With 117 total units, Idaho-based Assisting Hands Home Care is a non-medical in-home care services franchisor. The startup investment ranges from $70,550 to $147,500, with a $38,500 cash requirement.
—FirstLight HomeCare. Cincinnati-based franchise company FirstLight HomeCare has 232 locations in 32 states. Its startup investment ranges between $95,156 and $140,734, with a cash requirement of $65,000. The company opened its first location in 2009. The company also offers a discount for veterans looking to open a franchise.
—Senior Care Authority. While not a home care provider, Senior Care Authority is a senior placement services company that helps seniors and families find care options, including in-home care. The company has 38 total units and a startup investment of $52,350 to $78,150. The cash requirement for a franchise if $50,000.
—Visiting Angels. One of the nation’s larger home care franchise companies, Visiting Angels has 546 total units. Its startup investment ranges between $67,935 and $92,685, with a cash requirement of $40,950 to $48,950. The company has been previously ranked No. 1 of All Senior Care Franchises in a franchisee satisfaction survey by Franchise Business Review. It was also recently ranked by Entrepreneur Magazine as one of the fastest-growing franchises in America.
Written by Amy Baxter