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Updated RecentlyHome Instead vs CareMinders Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Home Instead vs CareMinders including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $108,900 - $124,910 | $138,100 - $199,000 |
| Franchise Fee | $55,000 | $39,000 |
| Royalty Fee | 5% | 3.75%-5% |
| Advertising Fee | 2% | - |
| Year Founded | 1994 | 2004 |
| Year Franchised | 1995 | 2004 |
| Term Of Agreement | 10 years | 10 years |
| Term Of Agreement | 10 years | 10 years |
| Renewal Fee | - | $2500 |
Business Experience Requirements |
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| Experience | We know that our proven business model works, so finding the right type of owner is very important to us. They come from all walks of life and backgrounds, but we only award franchises to those who are willing to be involved in the business full-time. Also, while we can teach you to run a unique senior care business, our owners also must have a passion to make a difference in the lives of the elderly. Want to see if you have what it takes to be a Home Instead Senior Care franchise owner? Fill out our form here http://www.thefranchisemall.com/request/ | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/Yes | No/No |
| Start-up Costs | No/Yes | No/No |
| Equipment | No/Yes | No/- |
| Inventory | No/Yes | No/No |
| Receivables | No/Yes | No/No |
| Payroll | No/Yes | No/No |
Training & Support |
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| Training | Every new owner must complete a week-long training class held at our global headquarters in Omaha, Nebraska. But training never really ends. Our Training Department assigns a business coach to each new franchise owner during the critical first months to assure a smooth and successful start-up. Beyond all this, training continues throughout your tenure as a Home Instead Senior Care franchise owner. A Business Performance team assigned to you will assist and support you throughout your development. Then, our annual convention, state meetings and mentoring program provide perfect opportunities for you to learn more about how to run your business including the introduction of new marketing programs and approaches to running your business. Taken together, these may be the most compelling reasons to own a Home Instead Senior Care franchise. On-The-Job Training: Mentoring program Classroom Training: 40 hours Additional Training: Online training, 5 weeks; webinars, on-site visits | Having the tools and systems in place to build and manage your business is paramount and our five day training course is extremely thorough. |
| Support | Over 100 Home Office staff draw on the collective Home Instead Senior Care network's 14 years of senior care experience to help you run your business efficiently. But, that's not all, our technical support team stands ready to coach you through any software and technology questions you may have. Support is available to you 24 hours a day, 7 days a week. 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 | We provide you with a copy of the official CareMinders� Home Care operations manual is your blueprint to building and growing your CareMinders� Home Care franchise. We found the best home care software company in the U.S. to provide our franchisees with a complete business application for the daily management of their business. You will never be alone. Our team will provide continued training and support for all aspects of the business. |
| Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing | We have the marketing pieces, programs and other tools you will use to create the marketplace recognition you will achieve and assist you in attracting new customers and increased revenues. |
| Operations |
International franchisees required to buy multiple units/master licenses; 20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 9 - 12 Absentee ownership of franchise is NOT allowed.
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Expansion Plans |
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| US Expansion | - | - |
| Canada Expansion | No | No |
| International Expansion | Yes | No |
Company Overviews
About Home Instead
Home Instead Senior Care was founded in 1994 by Paul and Lori Hogan.
Based in Omaha, Nebraska, it provides part-time, full-time and live-in nonmedical service for the elderly who can manage their physical needs but require assistance, supervision, light housework and companionship to remain in their homes.
Home Instead Senior Care has locations in the United States, Canada and Western Europe, and offers international master franchise opportunities.
Veteran Incentives 10% off franchise fee
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#19 in Gator's Top franchises.
#26 on Franchise Rankings.com
#156 in Franchise 500 for 2020.
#242 in Franchise 500 for 2021.
About CareMinders
Life At Home Is The Key To Independence
CareMinders Franchisees offer both Medical and Non-Medical home care: companionship, personal , skilled care and related home support services and assistance to all ages of handicapped, convalescing and dependant individuals in their own homes, and when permitted, in nursing homes, hospitals, assisted care facilities and other medical settings.CareMinders Home Care is dedicated to enhancing the quality of life through delivering compassionate skilled and non-medical care to clients at home by trained and dedicated staff who continuously strive for excellence. We provide for the safety and security of clients, regardless of age, by offering personalized care and related home support services as well as harmonious companionship. We build relationships beginning with the very first encounter with a goal of providing the highest quality of care, second to none.
We offer a wide range of both long and short term assistance to our clients, regardless of age. You or your loved one may have a temporary or permanent disability or illness, or may just be in need of someone to assist with a variety of services. Examples of the skilled and non-medical services we provide include the following:
*Nursing Services
*Personal Care Services
*Live-In Services
*Therapeutic Services
*Counseling Services
*Multiple Revenue Stream Opportunities
*Many more services customized to meet the needs of our clients