Small Business Administration loans, in particular, are a great option for many franchisees. This web site and the franchise sales information on this site do not constitute an offer to sell a franchise. This structure doesn’t trigger a taxable distribution, and since it’s not a loan there are no monthly payments. Disclaimer: This website and the franchise sales information on this site do not constitute an offer to sell a franchise. This business consulting is a valuable service. We are currently accepting inquiries in these states: We are currently not accepting inquiries in these states: Hospital Specific Discharge Planning Programs, Onsite Programs in Elder Care Communities, Desire to Provide High Quality Care and Service to the Elderly, An Entrepreneurial Spirit and Self-Motivation, Download the Franchise Opportunities IOS App, Download the Franchise Opportunities Android App, Printing, Copying, Shipping, Signs Franchises, Home Care is a $75 billion recession resistant industry, In 2020, 56 million Americans will be over 65 (over 10,000 people turn 65 every day), 70% of these folks will need help with activities of daily living (ADL’s) at some point, 90% of elderly want to remain in their own homes as long as possible, The average base of family support is shrinking rapidly, More elderly are living with chronic illnesses, including arthritis, diabetes or Alzheimer's than ever. No recent negative reports in your credit history. By continuing to use this website you consent to the terms of our privacy policy. Many franchisees take out SBA or business loans, too. To qualify, you’ll need to have a good credit rating. ComForCare Home Care - Franchise Information. Many independent owners who are in need of guidance like this end up paying hefty prices to third parties, but it’s all a part of the Interim HealthCare franchise investment. One of the most significant benefits you’ll receive once you’ve paid your franchise fee is access to our comprehensive training program. This site is designed for and targeted to U.S. audiences and is governed by and operated in accordance with U.S. laws. ©2019 Interim HealthCare Inc. Interim HealthCare is an Equal Opportunity Employer. For more information on companies in the Best Life Brands portfolio, inquire now. Each Interim HealthCare location is independently owned and operated. ComForCare is part of the Best Life Brands family focused on the well-being of people across a continuum of care. For candidates who need $25,000 to $150,000 to launch their home care business, low-doc SBA loans can be a quick and simple way to get funded. Our franchisees must have a net worth of at least $300,000 with liquid capital totaling $100,000. Learn more about what it takes to own a ComForCare franchise, request information below! *Any figures reflect averages as published in Item 19 of our Franchise Disclosure Document. ©2018 2nd Family Home Care Franchise LLC . More than 49% of women over the age of 75 live alone with no loved one to assist them with ADL’s.*. ComForCare offers a 15% discount off the initial franchise fee for the first single unit purchased to individuals who qualify under VetFran. Most Franchise Owners scale their office staff to manage the day-to-day operations, allowing them to focus on the strategic priorities. The Ideal ComForCare OwnerComForCare owners are successful business professionals with proven track records that genuinely care about other people and who want to translate their prior success into a new venture that will make a significant impact in their communities. It’s not easy to get a business up and running, and franchise investors as well as independent owners need to carefully break down exactly what they expect to spend and get in return. We generally prefer prospective franchise owners to have at least $50,000 in funding before financing. Similar to a small business credit card, unsecured loans consist of multiple lines of credit that have absolutely no use of proceeds requirements. And it is the responsibility of those employing the caregivers to ensure they have the resources to do their job safely. The Interim HealthCare home care franchise cost includes just about everything you’ll need to get your business up and running. There are many ways to finance your investment in a ComForCare franchise. Unparalleled Franchisee SatisfactionComForCare® has received World-Class Franchise® certification from the Franchise Research Institute® for the Tenth Consecutive Year based on exceptional franchisee satisfaction! ComForCare is an affordable business opportunity with strong growth potential and the ability to expand within a franchise owner's desired timeframe. Existing home care agencies can sell for as little as $75K to as much as $5.4M for a single office agency. We’ve found that franchisees who meet these requirements are able to nurture their business during its early months while they are still attracting new clients. Here, we’ll provide you with a sneak peek at a few key parts of the investment. Moreover, we will not offer or sell franchises in those states until we have registered the franchise (or obtained an applicable exemption from registration) and delivered the franchise disclosure document to the prospective franchisee in compliance with applicable law. Offering up to $5 million in franchise funding, SBA loans are known for low interest rates, no ballooning costs and long repayment terms, making monthly payments manageable for franchisees. With an unsecured loan, you can get up to $150,000 to finance your franchise without putting personal property on the line. The process, called a Rollover for Business Start-up, or ROBS, involves forming a corporation and a special type of retirement account, then rolling over your old 401(k) or IRA. This initiative is a voluntary effort of International Franchise Association (IFA) member-companies that is designed to encourage franchise ownership by offering financial incentives to honorably discharged veterans. Home Care is a truly global, high demand industry that any serious entrepreneur should consider. Plus, you can get funded fast — most loans finalize in three weeks or less. Contact us today to learn more. Interim HealthCare assesses a one-time initial franchise fee to help offset some of the costs associated with your onboarding and to allow you access to our brand name. They all possess various degrees of business experience, but our ideal candidates all have similar traits and characteristics, including: Learn more today about how you can Support Independence, Dignity and Quality of Life as a ComForCare franchise owner. With more than 300 independently owned and operated franchise locations in 43 states, Interim's independent franchisees provide nursing, therapy and non-medical home care, hospice and healthcare staffing services to … Am I the Right Fit for ComForCare Franchise? Entrepreneurs who want to capitalize on the nation’s aging population have a strong, diverse list of franchise options on this list of the top 15 in-home senior care franchises of 2020. Success With Significance ® People become Right At Home Franchise Owners after they’ve found success in their current career but are now looking to apply their skills in a more meaningful way. This detailed breakdown reduces the likelihood that our franchisees will encounter unexpected costs as they work to open and expand their business. Why Invest in a Home Care Franchise?Home Care is a truly global, high demand industry that any serious entrepreneur should consider. Because ComForCare is on the Small Business Administration’s list of approved franchises, candidates are automatically pre-qualified for a low-doc SBA loan. There, we share the secrets of our business model and give you many of the tools you’ll need to run your new business efficiently. Portfolio loans offer low-interest rates and no out-of-pocket costs to establish. Other eligibility requirements include: If you own stocks, bonds, mutual funds or other securities, portfolio loans can be an easy way to get franchise funding without having to liquidate. What Makes ComForCare Different?Superior Care Process. This can come from a variety of sources such as savings, home equity, family funds or retirement accounts. ComForCare Home Care, Helping You Live Your Best Life Possible, ComForCare Corporate Culture & Franchisee Collaboration, Extensive 5 Stage Training & Onboarding Program. This franchise offering is not being offered by us or by anyone acting on our behalf or with our knowledge to residents of (nor is it otherwise specifically directed to any person in, nor will any franchise or business opportunity be located and/or sold in) California, Connecticut, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington or Wisconsin, until the offering has been registered and declared effective and an approved disclosure document has been properly delivered to the prospective franchisees. We only allow 10 businesses per information request. If you’re new to this type of financial transaction, take advantage of the expertise offered by Guidant Financial, which has partnered with ComForCare to help candidates find the funding plan that’s right for them. The best way to assess the Interim home care franchise cost is to request a copy of our franchise disclosure document. Just because it is affordable doesn’t mean you’ll end up with a business that doesn’t perform at high levels. Learn more about startup costs here. Typically, the requirements of an unsecured loan include: To learn more and see if you can qualify, start a conversation with us by calling or filling out the request information form. Plus, no collateral is necessary; the loan is secured by business assets. ComForCare’s reputation for home care is 100% best in class, according to ongoing ratings from clients, families and caregivers. Human resources support, recruitment tools, and initial marketing expenses are all included in the total investment. For some candidates, it is possible to obtain a small business loan without having to risk any collateral. This makes SBA loans low-risk for lenders, as well. This discount does not apply to Conversion Franchises. Founded in 1966, Interim HealthCare's locally owned and operated home care, hospice and medical staffing franchises have become a trusted source of care and services. Weâre Here to Answer Your Questions 24/7, "Patricia has been great with my 93 year old mother!". Credit utilization rate below 50 percent. Loans from the Small Business Administration are one of the most popular methods of small-business financing because of their attractive terms of repayment. Independent owners can struggle for months or years to identify the most effective ways of doing business, but our home care franchise cost allows our franchisees to jump right in with a time-tested plan of action. Portfolio loans close in an average of 10 days and are a great alternative to selling your holdings. This discount does not apply to Conversion Franchises.
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