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Below is an in-depth analysis and side-by-side comparison of Spectrum Home Services vs Caring Matters Home Care 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 | $38,900 - $64,900 |
Franchise Fee | $25,000 | $20,000 |
Royalty Fee | 5% | 5% |
Advertising Fee | - | - |
Year Founded | 2000 | 2002 |
Year Franchised | 2004 | 2011 |
Term Of Agreement | 5 years | - |
Term Of Agreement | 5 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/- |
Start-up Costs | No/No | -/- |
Equipment | No/No | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | 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 | - | Yes |
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.
Caring Matters Home Care - The Leader in Government Funded Home Care Services. Why is this important to a potential franchise partner of Caring Matters? Because the government funded home care services are recession proof and your business has the ability to add revenue and clients even in a difficult economy. Caring Matters was founded in 2002, originally as Caring Companions in Reading, Pennsylvania. The company was built under the leadership of Mr. Russell Piper. Caring Matters founder had a career in the nursing field spanning over twenty years in caring for patients and working closelyHome Care Franchise with those in need of nursing services. After years of working with a wide variety of clients and people, Mr. Piper decided there was need for an organization that would focus specifically on the quality of care that was delivered to the client. Above anything else, the people who truly CARE about their clients and are passionate about the client's well being would join them in their focus to build a leading company in the home care industry. Senior Care FranchiseCaring Matters was born and soon thereafter, a group of professionals were brought in to the company who shared the same core beliefs and ideas about what made patient care special. Soon, the Reading, PA office was bustling with over 250 employees and the In Home Care landscape had been changed forever. Together with the assistance of a dedicated team of professionals, Caring Matters redefined what was considered truly an exception in home care. Caring Matters is headquartered in Reading, PA, but is expanding into markets throughout the United States with the addition of franchise partner offices in select markets. Today, the Caring Matters franchise has expanded into newIn Home Care Franchise Business markets throughout the Northeastern United States. Five new franchise partners have joined the growing organization and the company continues to grow. Caring Matters currently has 14 Franchisees and continues to grow throughout the United States. By focusing on systems, procedures and patient care, the Caring Matters model is changing the way the home care franchise landscape and industry. Contact us for more information on the Caring Matters Home Care Franchise