Home Care Assistance

Home Care Assistance

Home Care Assistance
#59

Initial Investment

LOW: $77,775
HIGH: $245,250

Change in Units

+22.9% +25 UNITS (1 Year)
+42.6% +40 UNITS (3 Years)

Company Profile

Founded

2003

Franchising Since

2004 (13 Years)

Corporate Address

525 University Ave. Palo Alto, CA 94301

CEO

Lily Sarafan

Parent Company

Home Care Assistance

About Home Care Assistance

Kathy Johnson was inspired to start Home Care Assistance in 2003 after struggling to find reliable in-home care for her own parents. The Palo Alto, California-based company began franchising a year later and now has locations across the United States, Canada, Puerto Rico and Australia. Home Care Assistance caregivers follow the company's Balanced Care Method, which is designed to promote healthy activity, stress reduction and social interaction for seniors, and Cognitive Therapeutics Method, which is designed to promote mental acuity through various cognitive activities. Franchises offer both hourly and live-in nonmedical care services.

Financials

Financial Requirements

Initial Investment

$77,775 - $245,250

Net-worth Requirement

$100,000 - $200,000

Liquid Cash Requirement

$85,000 - $105,000

Ongoing Fees

Initial Franchise Fee

$32,475 - $64,950

Ongoing Royalty Fee

5%

Financing Options

Home Care Assistance has relationships with third-party sources which offer financing to cover the following: 
franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Veteran Incentives


10% off franchise fee

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units worldwide.

Operations & Franchisor Support

Training at headquarters: 5 days

Additional Training: At franchisee's location yearly, 2-3 days; Online training & conferences

Ongoing Support
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Security
Field Operations

Marketing Support
Ad Slicks
National Media
Regional Media

Absentee Ownership Allowed

Number of employees required to run: 1 - 4

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: September 8th, 2016

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