Although some franchises are willing to finance a portion, most non-medical care service franchises run the midpoint at $35,000 to $48,000.
Is a non-medical home care business profitable?
A non-medical home care business can be lucrative and rewarding with a stable cash flow and a satisfied customer base.
Is Homecare business profitable?
A new report lists home health care as one of the top five most profitable franchises in the U.S., even as the industry fights new Department of Labor rules calling for mandatory overtime and minimum wage requirements for home health employees.
How much does it cost to start a senior home care business?
Costs. According to Entrepreneur magazine’s business center, start-up costs for a home care business range from $2,000 to $10,000. Another option is to purchase a franchise license. Start-up costs for a franchise range from $60,000 to $100,000, or more.
Can you make money owning a group home?
The economics center on the supply and demand equation and the figures that a licensed, properly retrofitted group home can reap $7,000, or more, per bed in revenue.
How much does a home healthcare franchise cost?
Home Care Franchise Fees:
|Name of franchise||Initial franchise fee||Estimated Initial Investment – High –|
|Home Well Senior Care||$24,495||$46,795|
|Interim Health Care||$15,000||$407,250|