Boost Home HealthcareHome healthcare
- 2023 Franchise 500 Rank
N/R Not ranked last year
- Initial investment
$150K - $262K
- Units as of 2022
About Boost Home Healthcare
- Personal-Care Businesses
- Related Categories
- Senior Care, Miscellaneous Health Services, Health & Wellness
- Parent Company
- Best Life Brands
- J.J. Sorenti, CEO
- Corporate Address
900 Wilshire Dr., #102
Troy, MI 48084
More from Boost Home Healthcare
An elevated approach to home healthcare.
When clients want compassion, quality and the comfort of home during recovery, Boost Home Healthcare delivers on all fronts. Our company is built on the strong foundation and trusted reputation of Best Life Brands. Our team meets rigorous training and medical guidelines to provide better than hospital-level care at home. And our nurse-inspired approach delivers exactly what clients need to boost their recoveries.
Are you ready to follow your entrepreneurial dream and grow a successful business of your own? Join the team.
The need for quality home care is on the rise.
The demand for clinical home healthcare is increasing. That means there's no better time to join this growing space. An investment in your Boost Home Healthcare franchise provides a promising future with unparalleled opportunities for growth and expansion.
- Home health is part of the senior care industry, a healthy, competitive market generating $300 billion/year.
- In 1998, the gross output in home health was approximately $36 billion. In 2018, it was nearly $87 billion.
- Freestanding home health agencies had an aggregate profit margin of 15% in 2017.
- Profit margins of for-profit agencies checked in at 16%. Nonprofit agencies saw margins of 11%.
- With continuous growth in recent years, now is the time to invest.
Boost your life and prosperity with our franchise opportunities.
You don't need extensive healthcare experience or a ten-page resume. You just need a passion for your community and an entrepreneurial spirit. Traditionally, the most successful Boost franchise owners are those who love what they do, enjoy helping others and make use of our robust training programs.
You're not on your own when you take the step to franchising. Our five-part journey ensures you're supported and positioned for success every step of the way. It includes:
- Learning More on Informative Calls and Webinar
- Submitting Your Application & Review Disclosure Document
- Meeting the Team Virtually at Confirmation Day
- Signing the Franchise Agreement
- Becoming an Official Boost Home Healthcare Franchisee
Why businessowners love being part of the Best Life Brands family
We understand the nuances surrounding the home health industry, and we go above and beyond to ensure our patients receive the compassionate care they deserve.
We focus on our core values to ensure we meet needs along the entire continuum of home care.
Knowledgeable & Caring Support System
By providing continuous training, education, resources and support, we cultivate a kind and experienced team that offers excellent home-based healthcare.
- Franchising Since
- 2021 (2023-2021 years)
- # of employees at HQ
- Where seeking
This company is offering new franchisees in the following US states: Alabama, Arizona, California, Colorado, Connecticut, District of Columbia, Delaware, Florida, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Dakota, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming
- # of Units
- 4 (as of 2022)
Information for Franchisees
Here's what you need to know if you're interested in opening a Boost Home Healthcare 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.
- Initial Investment
- $149,550 - $261,580
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.
- 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.
- Cash Requirement
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
- Veteran Incentives
- 20% off franchise fee
Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.
- 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.
- 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.
- Term of Agreement
- 10 years
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.
- Is franchise term renewable?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- Third Party Financing
- Boost Home Healthcare has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, 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
- 32-40 hours
- Classroom Training
- 58 hours
- Ongoing Support
Grand OpeningOnline SupportField OperationsProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
Social MediaSEOWebsite Development
Additional details about running this franchise.
- Is absentee ownership allowed?
- 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.
- 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.
- 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.
Franchise 500 Ranking History
Compare where Boost Home Healthcare landed on this year's Franchise 500 Ranking versus previous years.
Curious to know where Boost Home Healthcare ranked on other franchise lists? Find out below.
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