- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$64K - $93K
- Units as of 2023
-
65 9% over 3 years
Touching Hearts At Home, founded in 1996, is a senior care provider located in the United States. The company provides nonmedical home care services for seniors and people with medical conditions or disabilities.
The brand offers a wide range of services to ensure their clients can live as comfortably as possible in their homes. As a franchisee, you will help make the lives of elderly individuals and their families easier through home senior care.
The aging population in the United States continues to rise every year. From caring for the ill and lonely to home senior care, operating a Touching Hearts At Home franchise will allow you to have a share in this impactful business.
Why You May Want to Start a Touching Hearts At Home Franchise
The ideal franchisee is caring, compassionate, and passionate about providing others with comfort and care. If you love the idea of offering quality and personal home senior care, then the Touching Hearts At Home franchise may be for you.
Seen more as a service to the community than a business, Touching Hearts At Home functions as a haven for overwhelmed families across the country. The company is committed to helping the aging population remain in their homes. Touching Hearts At Home gives hope and offers practical solutions to elderly care. They offer many services in their nonmedical home care, including personal and companionship care, meal prep, transportation, and help with medication and Alzheimer's and dementia care services.
What Might Make Touching Hearts At Home a Good Choice?
In order to become part of the Touching Hearts at Home team, you should make sure you are financially ready for an initial investment, including a franchise fee and other startup fees. You will want to make sure you have enough capital available to cover an ongoing royalty fee, as well. The typical term of agreement with a Touching Hearts at Home franchise is 10 years, with the option to renew if both the franchisor and franchisee are content with their progress.
It may be wise to speak with a financial planner and an attorney as you begin to prepare yourself to inquire about the franchise opportunity.
Touching Hearts At Home has both hard-earned customer trust and market share. With their great business training, you will be able to provide the elderly and the sick with great, personalized home service and the nonmedical home care they need.
How to Open Your Own Touching Hearts At Home Franchise
To start the process of operating your Touching Hearts At Home franchise, you will need to fill out an inquiry. The company will email you a link that will give you information about their brand, franchise opportunities, and financing.
You may then have an introductory call followed by a Q&A session to introduce you to the director of franchising, who will answer any questions you have. You may then get to go over available territories and chat with other franchisees about their experience.
If you continue to progress in your bid to become a franchisee with Touching Hearts at Home, you may review the franchise disclosure document and visit the company’s headquarters in Minneapolis, Minnesota. If you sign up as a franchisee, you will undergo a multi-day training to best prepare you to successfully run your home senior care franchise.
Company Overview
About Touching Hearts At Home
| Industry | Personal-Care Businesses |
|---|---|
| Related Categories | Senior Care, Miscellaneous Personal-Care Businesses |
| Founded | 1996 |
| Parent Company | Touching Hearts Inc. |
| Leadership | Andrew Lungstrom, CFO |
| Corporate Address |
7900 W. 78th St., #410 Minneapolis, MN 55439 |
| Social | Facebook, Twitter, LinkedIn, YouTube |
Business Overview
| Franchising Since | 2007 (17 years) |
|---|---|
| # of employees at HQ | 5 |
| Where seeking |
This company is offering new franchises in the following US states: Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Vermont, Wisconsin, West Virginia, Wyoming |
| # of Units | 65 (as of 2023) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Touching Hearts At Home 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
|
$49,500 |
|---|---|
|
Initial Investment
|
$63,885 - $93,085 |
|
Net Worth Requirement
|
$80,000 - $100,000 |
|
Cash Requirement
|
$49,500 |
|
Veteran Incentives
|
10% off franchise fee |
|
Royalty Fee
|
1%-6% |
|
Term of Agreement
|
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.
| Third Party Financing | Touching Hearts At Home has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs |
|---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| Classroom Training | 40 hours |
|---|---|
| Ongoing Support |
Newsletter
Meetings & Conventions
Toll-Free Line
Online Support
Security & Safety Procedures
Field Operations
Site Selection
|
| Marketing Support |
Ad Templates
Social Media
SEO
Website Development
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | No |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
No |
|
Can this franchise be run part time?
|
No |
|
Are exclusive territories available?
|
Yes |
Franchise 500 Ranking History
Compare where Touching Hearts At Home landed on this year's Franchise 500 Ranking versus previous years.
Sign Up for Our Franchise Newsletter
Stay up to date on the latest news and trends affecting the franchise industry.
Related Franchises
Are you eager to see what else is out there? Browse franchises that are similar to Touching Hearts At Home.
Destination Athlete
- description
- Equipment, apparel, fundraising, and performance solutions for youth, high school, and college athletic teams
Related Franchise Content
Catch up on the latest franchise news, trends, and more.
I Built a $1 Million Business While Overcoming a Disability — Here's How I Did It
When facing struggles and setbacks, dream big, embrace your true self, and disregard any limits others impose on you. Ultimately, what truly counts is the effort you put into achieving your goals.
The Franchise Industry is on The Verge of Massive Change With Private Equity's Potential $8 Billion Acquisition of Jersey Mike's
Two iconic brands, Subway and Jersey Mike's, may sell to private equity after years of being closely held. Heavyweight PE firms are an increasing force within the franchising sector, marking a strategic shift and altering the industry landscape.
3 Ways to Get on The Road to Franchising — And How to Find the Right Business For You
Although franchising contributes significantly to the US economy, most US business schools lack dedicated franchising curriculums. These three sources will help you get started and find out which franchise is right for you.
Looking for a Spotless Investment Opportunity? Discover the Best Cleaning Franchises to Own in 2024.
From sparkling floors to polished windows, clean your way to success with the best cleaning franchises, according to the 2024 Franchise 500 Ranking.
One Factor Is Helping This Entrepreneur Tackle Business Ownership Later in Life. Now, She's Jumping Into a $20 Billion Industry.
Stacey Howell has reinvented herself multiple times. In her latest move, she leverages her extensive corporate career, history of public service and experience running a nonprofit as a Woodhouse Spa franchisee.
This Franchise Leader Just Became the Newest Investor on Dragons' Den, the Canadian Shark Tank
Brian Scudamore, founder and CEO of 1-800-GOT-JUNK?, is joining the cast of Dragons' Den in Canada.
