Any

29 Aug, 2017

Home Instead Franchise

 

Home Instead was started in 1994 to provide home care assistance to the elderly and seniors in society. The Home Instead business assists the elderly who can fulfill their physical well-being but need some assistance and companionship to stay in their houses. Home Instead franchises provide part time, full time and live in non-medical help to senior citizens in society. Home care has been providing franchise opportunities for people who are interested in providing home based senior care since 1995. To date the company has over 700 franchised businesses in the country and around Western Europe.

The company provides unit franchise opportunities as well as master franchises to international investors.  The company is ranked among the top 25 best performing franchise businesses in the country. In the next few years, the number of senior people in the country is expected to triple to up to 8 million. The number of people who prefer to be provided care while at home will be 80%. When you choose to franchise with Home Instead franchise, you will have an opportunity to create a financially secure business for yourself while at the same time getting a satisfaction from providing home care facilities for people who need it the most in society.

The total investment for a Home Instead franchise is between $50,550 and $63,550. The franchise will also be required to pay a franchising fee of $39,000 in addition to the 5% royalty fee they will be paying o n total sales. Term of an agreement is for a period of ten years, if a franchisee wishes, they have an option for renewal of the contract after the contract term has expired. The franchisee can acquire financing for their franchise business through third party financers only approved y the franchisor. The financier will offset all the costs in flexible installment loans. For you to be a Home Instead franchisee you are required to have general business experience and a marketing skill will be an added advantage through not a strict requirement. An international franchisee is required to purchase multiple units. The number of employees required to operate the Home Instead franchise is a minimum of five people and a maximum of twelve individuals.

Training is provided to the franchisee for a period of one week at the corporate headquarters of Home Instead franchises. The franchisee will also receive additional training through webinars for a period of five weeks. Ongoing marketing and operations support is also provided through the internet, onsite visits and phone call.

 

 

Share on

Shair

Related Posts

How will your Savings ?

Your saving img

Check Out

kiplinger's latest online broker ranking

Want to stay updated?



SUBSCRIBE