- 2024 Franchise 500 Rank
-
#280 Ranked #229 last year
- Initial investment
-
$88K - $160K
- Units as of 2023
-
193 44.0% over 3 years
Assisting Hands Home Care works to provide clients with quality in-home care. This could be caring for the elderly or anyone who needs help due to disability, illness, or recovery.
With more than 140 franchise locations in more than 18 states, Assisting Hands Home Care is a substantial market competitor in a multi-billion dollar business.
Why You May Want to Start an Assisting Hands Home Care Franchise
Clients with Assisting Hands Home Care can have caregivers assist them at their residence at scheduled times up to 24 hours a day. Caregivers interact with clients who may need medical and non-medical assistance. This type of service allows clients to remain in their own homes and maintain a quality of life that may not have been accessible to them before.
To be a franchisee with Assisting Hands Home Care, you do not need a medical background or similar clinical training. You should have good management skills with a deep desire to help those in your community.
Assisting Hands Home Care has been ranked in Entrepreneur's Franchise 500 multiple times in recent years. This ranking is based on an evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.
What Might Make an Assisting Hands Home Care Franchise a Good Choice?
If a franchisee is awarded an Assisting Hands Home Care franchise, they will participate in several days of training. The training consists of classroom lectures and on-site visits. Topics will cover caregiver training, employee recruitment and hiring, billing, scheduling, and more. The company also provides franchisees with software for billing and scheduling and round-the-clock customer support.
Opening an Assisting Hands Home Care franchise may offer a more predictable outcome than investing in a completely new brand that may struggle to thrive in an already crowded and competitive home healthcare industry.
How To Open an Assisting Hands Home Care Franchise
As you decide if opening an Assisting Hands Home Care, make sure you take time to explore the opportunity. Research the brand and your local area to see if an Assisting Hands Home Care franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.
To be part of the Assisting Hands Home Care 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 prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.
Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the Assisting Hands Home Care franchising team questions.
Soon, you may find yourself operating as the newest Assisting Hands Home Care franchisee.
Company Overview
About Assisting Hands Home Care
Industry | Personal-Care Businesses |
---|---|
Related Categories | Senior Care |
Founded | 2006 |
Parent Company | Assisting Hands Home Care LLC |
Leadership | Lane Kofoed, CEO |
Corporate Address |
5700 E. Franklin Rd., #105 Nampa, ID 83687 |
Social | Facebook, Twitter, LinkedIn, Instagram, YouTube |
Business Overview
Franchising Since | 2006 (18 years) |
---|---|
# of employees at HQ | 7 |
Where seeking |
This company is offering new franchises throughout the US. This company is offering new franchises worldwide. |
# of Units | 193 (as of 2023) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Assisting Hands Home Care 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
|
$87,950 - $160,150 |
Net Worth Requirement
|
$300,000 |
Cash Requirement
|
$100,000 |
Veteran Incentives
|
10% off franchise fee |
Royalty Fee
|
5%-4% |
Ad Royalty Fee
|
0.5% |
Term of Agreement
|
10 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 | Assisting Hands Home Care has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, 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 | 24 hours |
---|---|
Classroom Training | 40 hours |
Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
Marketing Support |
Co-op Advertising
Ad Templates
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 |
Are exclusive territories available?
|
Yes |
Franchise 500 Ranking History
Compare where Assisting Hands Home Care landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where Assisting Hands Home Care ranked on other franchise lists? Find out below.
Sign Up for Our Franchise Newsletter
Stay up to date on the latest news and trends affecting the franchise industry.
Related Franchises
Are you eager to see what else is out there? Browse franchises that are similar to Assisting Hands Home Care.
Related Franchise Content
Catch up on the latest franchise news, trends, and more.
Capitalize On Diverse Revenue Streams with a Poolwerx Franchise!
With an investment that starts at only $135,000, Poolwerx franchisees have multiple revenue streams which include pool maintenance, cleaning and servicing for residential and commercial, swimming pool equipment sales and repairs, and retail sales.
20 Interesting Facts You Should Know About Chick-fil-A
The first-ever Chick-fil-A opened in 1967 in Atlanta's Greenbriar Mall. A chicken sandwich sold for 59 cents and the restaurant was only 384 square feet — roughly the size of a two-car garage.
A D.C. Federal Court Declined to Rule on a Challenge to the Joint Employer Rule. Here's What This Update Means for the Franchise Industry.
The U.S. Court of Appeals for the D.C. Circuit has postponed hearing a case on the National Labor Relations Board's expanded Joint Employer Rule. The court will wait for a Texas federal court to rule first.
Want to Own a Franchise in the Billion-Dollar eSports Industry? Here's How.
Learn how to get involved in the exciting and lucrative eSports community. XP League is the premier coach-led youth esports league and first-to-market youth esports franchise in North America with 50+ locations spanning across the US and Canada.
Location Matters — How to Select the Right Place For Your Business to Succeed
An inferior location may be less expensive in the short term, but will cost more in marketing costs and when it's time to sell. Franchisors offer real estate knowledge and relationships to help their franchisees get the best possible location at the best possible price, giving them the best possible start.
Put Your Design Skills to Work with a Decorating Den Interiors Franchise
Discover the top benefits of owning a Decorating Den Interiors franchise, from extensive supplier access and supportive community to low overhead costs, perfect for creative entrepreneurs.