Great profit potential
Purchasing a senior care franchise is not just investing your money. Investing in a Touching Hearts at Home franchise is a life-changing event. This is a truly unique opportunity to be financially successful while serving others. Given the growth of the senior care industry, and the low start-up costs for a Touching Hearts franchise, the timing could not be better.
Startup expenses for the first six months of your business (including the initial franchise fee of $39,500) total $47,900 – $70,600. The start-up expenses include: office space, office equipment, advertising and marketing, insurance and miscellaneous business expenses.
The top referral source in our industry remains word-of-mouth from satisfied seniors and their families. We teach our franchisees that building referral sources within their communities is the best way to grow their businesses. Touching Hearts franchisees generate revenue through referrals from hospitals, skilled nursing facilities, assisted living communities, doctors, nurses and social workers.
Other franchises may charge for a variety of services that are included in our up-front franchise fee and ongoing service fee. It’s important to compare these costs when comparing the Franchise Disclosure Documents of the franchises you’re considering.
| Type of Expenditure | Amount | Method of Payment | When Due | To Whom Payment is to Be Made |
|---|---|---|---|---|
| Initial Franchisee Fee | $39,500 | Lump Sum | When you sign the Franchise Agreement | Touching Hearts, Inc. |
| Training Expenses | $1,000 - $2,000 | As Incurred | During Training | Third Parties |
| Office Equipment and Computer-Related Expenses | $2,600 - $4,600 | As Incurred | Prior to Opening | Third Parties |
| Professional/ Business Licenses | $2,000 - $3,500 | As Incurred | As Incurred | Third Parties |
| Additional Funds (3 months) | $3,300 - $16,000 | As Incurred | As Incurred | Advertising, Employees, Supplies, Utilities, Signage |
| Real Estate and Improvements | $2,000 - $5,500 | As Incurred | As Incurred | Third Parties |
| Insurance | $2,500 - $4,500 | As Incurred | Prior to Opening | Insurance Companies |
| TOTAL | $47,900 - $70,600 | |||
Touching Hearts at Home franchise is one of the most affordable opportunities
As the senior care industry sees rapid growth during the next decade and beyond, the non-medical, in-home segment of the industry will only continue in popularity.
We are interested in partnering with passionate entrepreneurs who are interested in investing in an affordable franchise business opportunity that offers both a financially and personally rewarding career. Complete the form below, and we’ll contact you soon to discuss the Touching Hearts at Home franchise.