- 2024 Franchise 500 Rank
-
#449 Ranked #483 last year
- Initial investment
-
$48K - $146K
- Units as of 2023
-
453 39.4% over 3 years
Synergy HomeCare, founded by Peter Tourian in 2001, is one of the leading non-medical home care agencies in the U.S. The company has a deep-rooted commitment to providing compassionate, attentive home care for the elderly, ill, disabled, or recovering.
This attentive companionship is also offered to those recovering from illness, surgery, and childbirth. As a Synergy HomeCare franchisee, you may help make the vulnerable, and their families' lives easier through watchful care and sensitivity.
Synergy HomeCare began franchising in 2005 and has since grown to over 300 locations across the United States.
Why You May Want to Start a Synergy HomeCare Franchise
If you love the idea of offering quality and personal home care, then opening a Synergy HomeCare franchise might be for you. Seen by some as more as a service to the community than a business, Synergy HomeCare strives to function as a haven for overwhelmed families everywhere. With this company, you may find yourself acting as a helpful friend would in difficult times. With this empathy toward families, more people might look to professional home care for their loved ones in the coming years.
As one of the leading providers of non-medical home care, Synergy HomeCare gives hope and family support. They offer friendship to all those who cannot leave their homes. Being warm, inviting, and caring ensures that the elderly, sick, disabled, or recovering do not feel like second-rate citizens or burdens to their families.
What Might Make Synergy HomeCare a Good Choice?
To be part of the Synergy HomeCare team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. You should also be prepared for ongoing fees that will include advertising fees and royalty fees.
As non-medical home care agencies compete, Synergy HomeCare continues to reach many people in need of their services. With their excellent business training, you may give people in need personalized home service while maintaining a good business reputation. As you decide if you want to open a Synergy HomeCare franchise, make sure you take time to explore the opportunity. Research the brand and your local area to see if a franchise would do well in your community.
As a franchisee, you may get a protected territory to avoid an overlap with other franchisees. This typically helps to protect your business from the loss of customers. The ideal franchisee has a heartfelt desire to care for people, a passion for leadership and business, good communication and relationship skills, and kindness.
How To Open a Synergy HomeCare Franchise
To start a Synergy HomeCare franchise, you will need to meet the company's set net worth and liquid capital requirements. You will then fill out a franchise inquiry form requesting further information. From there, you may receive an information packet and regular informational emails if you are found to be a good fit for the brand.
If approved to continue, you may then fill out an official franchise application. When it is received, you may receive a call from the franchise development team. They will take you through the process of opening a Synergy HomeCare franchise. There will likely be intensive training before you can open the doors to your business. Synergy HomeCare is ready to walk with you as you begin your franchise journey.
Company Overview
About Synergy HomeCare
| Industry | Personal-Care Businesses |
|---|---|
| Related Categories | Senior Care, Miscellaneous Personal-Care Businesses |
| Founded | 2001 |
| Parent Company | Synergy HomeCare Franchising LLC |
| Leadership | Mike Steed, Chief Growth Officer |
| Corporate Address |
960 W. Elliot Rd., #101 Tempe, AZ 85284 |
| Social | Facebook, Twitter, LinkedIn, Instagram, YouTube, Pinterest |
Business Overview
| Franchising Since | 2005 (19 years) |
|---|---|
| # of employees at HQ | 36 |
| 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, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, 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 | 453 (as of 2023) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Synergy HomeCare 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
|
$25,000 - $50,000 |
|---|---|
|
Initial Investment
|
$47,718 - $145,833 |
|
Net Worth Requirement
|
$150,000 - $250,000 |
|
Cash Requirement
|
$50,000 - $100,000 |
|
Veteran Incentives
|
15% off franchise fee |
|
Royalty Fee
|
5% |
|
Ad Royalty Fee
|
2% |
|
Term of Agreement
|
5 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 | Synergy HomeCare 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 | 42.5 hours |
|---|---|
| Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
| Marketing Support |
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
|
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 Synergy HomeCare landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
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