A Place At Home provides non-medical in-home care, senior living placement, care coordination, and healthcare staffing services. The franchise supports seniors and families with personalized care.
Key Insights
- A Place At Home began with a dedication to providing compassionate and professional in-home care, evolving into a trusted name recognized for its commitment to client well-being and support for aging individuals and their families. The business was founded on principles of empathy and service excellence, building a strong reputation for quality care.
- The franchise operates by connecting skilled caregivers with individuals requiring assistance in their homes, offering a range of services from personal care and companionship to specialized medical support. This model ensures personalized care plans tailored to each client's unique needs, delivered with respect and professionalism.
- The senior care industry is experiencing significant growth as populations age, creating a consistent demand for reliable and trustworthy in-home care solutions. This expanding market presents opportunities for franchise partners to establish a meaningful and sustainable business serving a vital community need.
Franchise Fee and Costs to Open
Exploring the financial picture of A Place At Home gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $91,195 - $166,012, along with a franchise fee of $49,500 - $49,500.
Financial Performance and Revenue
Yearly gross sales of $974,796 and estimated earnings of $175,464 - $243,699 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 1.6-3.6 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
A Place At Home provides comprehensive initial training. This immersive program, lasting two weeks, is conducted at our corporate headquarters. A Place At Home offers extensive resources covering operational procedures and client care. The franchisor also provides marketing tools and ongoing support to help franchisees establish their businesses.
Legal Considerations
Legal considerations for a A Place At Home franchisee are defined by the Franchise Disclosure Document (FDD) and the Franchise Agreement. This franchise does not disclose lawsuits or bankruptcy information in its FDD, but prospective franchisees should still review all terms thoroughly. Consultation with a qualified attorney is essential before making commitments.
Challenges and Risks
Franchisees might consider the landscape of existing senior care providers in their territory, as well as the intricacies of managing a team of caregivers and ensuring consistent service delivery. Building and maintaining relationships with referral sources and adapting to potential shifts in client needs or available staffing resources are also key considerations for sustained operation.
Franchise Datasheet
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