- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$100K - $171K
- Units as of 2023
-
743 5% over 3 years
Comfort Keepers is a home care business organization providing in-house care services for the elderly. Its main aim is to ensure the well-being and safety of the elderly in society. It does not provide medical care for seniors, instead focusing on companionship, meal preparation, light housekeeping, grocery shopping, exercise, and games. Comfort Keepers was founded in 1998 and began franchising one year later. Since then, they have expanded to more than 650 locations and have over 250 franchisees, who average two or more territories apiece.
Ideal franchisees should have a passion for giving back to the community, specifically the elderly.
Why You May Want to Start a Comfort Keepers Franchise
Due to a continuous rise in the number of older adults in society, the need for carers is in high demand. Some elderly people get to a point in life where they need care and support 24/7. Younger family members cannot always care for their elder family members. Instead, they choose to outsource the service to trusted home care providers like the Comfort Keepers.
As a franchisee, you will get the chance to provide this noble service of proper in-home care to the elderly who spend most of their time at home. Unlike home care nurses, franchisees get to arrange their schedule into flexible shifts, and they also get to work closer to their homes to provide interim healthcare.
Comfort Keepers provides you with software to aid in billing, scheduling, accounting, banking, and handling contracts. This software makes it easier to start and manage the administrative side of the business.
What Might Make a Comfort Keepers Franchise a Good Choice?
This franchise focuses on changing and impacting the lives of seniors in your community. They also have a good support program that helps franchisees through detailed and comprehensive training.
To be part of the Comfort Keepers team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. These additional startup costs may include insurance, licenses, caregiver training, business premises, furniture, and equipment.
You should also be prepared for ongoing fees that will include royalty fees, advertising fees, and potential renewal fees. The term of agreement between Comfort Keepers and their franchisees is usually ten years. At the conclusion of each agreement period, you will be given the opportunity to renew your franchise for a sum as long as both parties wish to remain in business.
How to Open a Comfort Keepers Franchise
Comfort Keepers provides many opportunities to learn more about the business when potential franchisees interview with a franchise development representative. If you are deemed a good fit, you'll then receive a Franchise Disclosure Document, which discloses information about your investment with a copy of the current franchise agreement. When you receive this document, you'll also have an in-depth discussion regarding your business territory.
After completing a market analysis and meeting with the team at company headquarters in Irvine, California, you'll be prepared to make your decision. Once the agreement is signed, you will receive comprehensive training. A business coach will be assigned to support you through training and beyond because Comfort Care believes in supporting individual needs, both for the elderly and their franchisees.
Company Overview
About Comfort Keepers
Industry | Personal-Care Businesses |
---|---|
Related Categories | Senior Care, Miscellaneous Personal-Care Businesses |
Founded | 1998 |
Parent Company | Sodexo |
Leadership | Ramzi Abdine, North American CEO |
Corporate Address |
1 Park Plaza, #300 Irvine, CA 92614 |
Social | Facebook, Twitter, LinkedIn, Instagram, YouTube, Pinterest |
Business Overview
Franchising Since | 1999 (25 years) |
---|---|
# of employees at HQ | 50 |
Where seeking |
This company is offering new franchises throughout the US. This company is offering new franchises worldwide. |
# of Units | 743 (as of 2023) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Comfort Keepers 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
|
$55,000 |
---|---|
Initial Investment
|
$100,050 - $171,200 |
Net Worth Requirement
|
$300,000 |
Cash Requirement
|
$100,000 |
Veteran Incentives
|
10% off franchise fee |
Royalty Fee
|
5% |
Ad Royalty Fee
|
2% |
Term of Agreement
|
10 years |
Is franchise term renewable? | Yes |
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
Classroom Training | 50 hours |
---|---|
Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Online Support
Security & Safety Procedures
Field Operations
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? | No |
---|---|
Can this franchise be run from home/mobile unit?
|
No |
Can this franchise be run part time?
|
No |
# of employees required to run | 2 |
Are exclusive territories available?
|
Yes |
Franchise 500 Ranking History
Compare where Comfort Keepers landed on this year's Franchise 500 Ranking versus previous years.
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