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Below is an in-depth analysis and side-by-side comparison of Spectrum Home Services vs Retire-At-Home Services including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $58,000 - $99,950 | $59,500 - $69,500 |
Franchise Fee | $25,000 | $35,000 |
Royalty Fee | 5% | 5% |
Advertising Fee | - | 1% |
Year Founded | 2000 | 1994 |
Year Franchised | 2004 | 2007 |
Term Of Agreement | 5 years | - |
Term Of Agreement | 5 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | * Health care experience is preferred, but not required. * Business Experience. | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | No/No |
Start-up Costs | No/No | No/No |
Equipment | No/No | No/No |
Inventory | No/No | No/No |
Receivables | No/No | No/No |
Payroll | No/No | No/No |
Training & Support |
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Training | - | - |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives | - |
Marketing | Ad slicks, Regional advertising | - |
Operations |
Franchise can be run from home.
Absentee ownership of franchise is NOT allowed. | - |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | No | - |
International Expansion | Yes | - |
Spectrum Home Services was started in 2000 accordingly of Jenny Nelson's Masters Project. Jenny Nelson, an enrolled Physical Therapist, chose to backtrack and get her Masters in Gerontology. As a feature of the Masters in Gerontology program, Jenny needed to build up a marketable strategy concentrating on the necessities of seniors.
As a Physical Therapist, she would always observe individuals she had watched over in the nursing home return since they had re-harmed themselves attempting to keep up their homes. The longing was to create strategy for success to address this need.
Jenny built up the Spectrum Home Services strategy for success keeping in mind the end goal to address these home support issues. At the time, the standard logic inside the medicinal services industry was that senior care organizations just tended to those issues managing the customers mind. That theory neglected to consider that the need to keep up the house was additionally an essential part of permitting the customer to live freely.
Obviously, Jenny's educator was suspicious and gave her a C. Jenny is not one to acknowledge a C. Angry with the review, she quickly had her Husband Tony Nelson, an authorized Realtor and Property Manger, read the arrangement. Tony read the strategy for success and understood the requirement for seniors additionally perceived that bustling property holders, children of post war America, and land experts required a similar comprehensive administrations. Tony urged Jenny to talk about the review with her teacher.
The following day Tony quickly quit his property administration work and centered his endeavors full time around building the Spectrum Home Service demonstrate into an effective business. Jenny contended her review with the suspicious educator and had the review change to a B.
Today, the once suspicious educator is quite a while customer of Spectrum Home Services, was the keynote speaker at the primary Spectrum Home Services Franchisee Conference and is a major supporter of Spectrum Home Services mission and endeavors. Since the beginning of the organization, Spectrum Home Services clientèle has developed to incorporate occupied property holders, youthful moms, land organizations, seniors, non-medicinal senior care organizations, home wellbeing offices, strong restorative hardware suppliers and some more. Our essential objective is to make a sheltered, very much kept up environment for each of our customers, regardless of what phase of life they're in.
At Spectrum Home Services we understand that our customers have different home administration needs running from dynamic seniors, occupied mortgage holders, and experts. When you call a Spectrum Home Services office, you can be guaranteed that your needs turn into our needs and that we will do all that we can to address your issues.
A REWARDING OPPORTUNITY! A "Booming" MARKET! Retire-At-Home is an exciting franchise opportunity that is poised for growth in the Home Health Care industry! Whether you are a health care professional or not, now is the time to enter this exciting market and enjoy the success and rewards of serving seniors in their homes! Here are a few facts you should know about Retire-At-Home: WE ARE SERVING A "Booming" MARKET! Your timing is perfect! The Canadian home health care market is already a multi-billion dollar industry and, as the Baby Boomers age, 1 in 4 people will be a senior within the next 20 years. OUR FRANCHISE PACKAGE IS COMPETITIVE! Large exclusive territories, unmatched support and training, specialized software, marketing materials, advertising and much more. Our package is built with profitability and growth in mind! ACCREDITATION IS PROOF OF OUR HIGH STANDARDS! Our systems and processes have been accredited by Accreditation Canada. WE HAVE A UNIQUE RECIPE FOR BUSINESS GROWTH! Our franchise model is based on the success of the flagship office that has 35 years of experience and employs more than 150 caregivers. WE WORK SIDE-BY-SIDE WITH YOU TO SUCCEED! Our dedicated Business Development Team will work with you through our unique 4-stage business development plan. We will teach you how to provide quality care to seniors while reaching profitability as quickly as possible. WIDE RANGE OF REVENUE STREAMS! As a franchisee you can serve the millions of Canadians who require health care and want to remain in their home. Services include: Personal Care. Nursing Care, Housekeeping, Outings, Case Management, Special Needs Care, and other services that help seniors remain safe and comfortable at home!
WE'RE IN YOUR CORNER When you purchase a Retire-At-Home franchise, you are purchasing more than just a business; you are joining a team of experts in home health care, business development and community relations, whose goal is to support you as a franchisee and help ensure your continued success. We take the guess work out of building your home health care business and will help you excel in the crucial areas of your operations. Excellent territories are now available in most of Canada! We are proudly Canadian, and designed to serve the Canadian healthcare system.