Start a Compassionate Helpers Franchise in 2024

Franchise 500 Rank: N/R Not ranked last year

Initial investment: $158K - $259K

Units as of 2022: 8 300.0% over 3 years

Compassionate Helpers is headquartered in Livonia, Michigan, and was founded by Lativah Greene in 2009. They offer home care and physical therapy to seniors and physically challenged individuals who would rather be at home than living in a nursing home or health care facility. Services they provide include caregiver service, transportation, companion care, and daily care experts.

With over ten years of experience, Compassionate Helpers offers a person-centered approach and is dedicated to enhancing the quality of life for others. They are a trusted provider of certified and highly skilled caregivers and healthcare professionals.

Since beginning to franchise in 2019, Compassionate Helpers has opened multiple units and is actively seeking to expand its reach even further.

Why You May Want To Start a Compassionate Helpers Franchise

Home care is a lucrative industry, and Compassionate Helpers believes it offers a simple operating model with well-defined processes. If you enjoy helping people and providing an essential service to the community, Compassionate Helpers may be a franchise to consider.

A Compassionate Helpers franchise may offer flexibility. Franchisees can run their Compassionate Helpers location from their home or mobile unit without needing a rental space. It can also be run part-time and Compassionate Helpers offers exclusive territories to reduce competition.

What Might Make a Compassionate Helpers Franchise a Good Choice?

Compassionate Helpers provides a unique, balanced care approach where they promote healthy mind, body, and spirit in senior citizens. Their wide range of senior care programs, including cost-friendly service rates and flexible schedules, may help produce multiple streams of revenue.

To be part of the Compassionate Helpers team, you should make sure you're financially ready for an initial investment made up of a franchise fee and startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set liquid capital requirements.

You must also make sure you are committed to the agreement term of running a franchise. A typical franchise agreement with Compassionate Helpers runs for ten years. Franchisees may be allowed to renew their agreement if they meet the Compassionate Helpers requirements.

How To Open a Compassionate Helpers Franchise

As you decide if opening a Compassionate Helpers franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a Compassionate Helpers franchise would do well in your community.

If awarded a franchise, franchisees receive a great deal of support from Compassionate Helpers throughout the franchising process. In addition to several dozen hours of classroom training at company headquarters, franchisees receive support through brand awareness, marketing, research, and site selection. They also receive continued support after their franchise location has opened, including more than a few hours of on-the-job training.

Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the Compassionate Helpers franchising team questions.

Company Overview

About Compassionate Helpers

Industry	Personal-Care Businesses
Related Categories	Senior Care
Founded	2009
Leadership	Vivian Davis, Franchise Admin
Corporate Address	33200 Schoolcraft, #109 Livonia, MI 48150
Social	Facebook

Business Overview

Franchising Since	2019 (5 years)
# of employees at HQ	89
Where seeking	This company is offering new franchises throughout the US. This company is offering new franchises worldwide.
# of Units	8 (as of 2022)

Information for Franchisees

Here's what you need to know if you're interested in opening a Compassionate Helpers franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$55,000
Initial Investment Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$157,950 - $259,350
Net Worth Requirement Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.	$150,000 - $500,000
Cash Requirement Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.	$55,000 - $180,000
Veteran Incentives Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.	10% off franchise fee
Royalty Fee Definition: A ongoing fee paid to the franchisor on a regular basis. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	6%
Ad Royalty Fee Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.	1%
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	10 years
Is franchise term renewable?	Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

In-House Financing	Compassionate Helpers offers in-house financing to cover the following: franchise fee
Third Party Financing	Compassionate Helpers has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training	40 hours
Classroom Training	480 hours
Ongoing Support	Purchasing Co-ops Newsletter Meetings & Conventions Toll-Free Line Grand Opening Online Support Security & Safety Procedures Lease Negotiation Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing Support	Co-op Advertising Ad Templates National Media Regional Advertising Social Media SEO Website Development Email Marketing Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?	Yes
Can this franchise be run from home/mobile unit? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	Yes
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	No
Are exclusive territories available? Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	Yes