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Below is an in-depth analysis and side-by-side comparison of Spectrum Home Services vs iCare - Intelligent Home Care Solutions 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 | $19,900 - And Up |
Franchise Fee | $25,000 | $19,000 |
Royalty Fee | 5% | 6% |
Advertising Fee | - | 3.5% |
Year Founded | 2000 | - |
Year Franchised | 2004 | - |
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 | - | - |
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.
iCare delivers a comprehensive suite of non-medical services to its clients including home making, home support and personal care services. Enabling consumers to maintain a quality of life in the comfort and surroundings of their own home, while providing our franchise partners opportunities to become self employed, working and building their businesses in a positive growth oriented environment. Starting at $19,900 Multi Unit franchise owner This is an opportunity for the business minded person to develop a larger territory consisting of several offices. This would be appropriate for those who have the skill set to administer and market their businesses on a larger scale and manage significant staffing requirements. Master Franchise This is an opportunity for someone who wishes to develop a larger territory outside The United States by selling and supporting unit franchises within a geographic area or country. The Master Franchise owner shares in the revenue stream and success of their team. A work from home franchise opportunity with iCare intelligent home care offers you the chance to change careers, own your own business and become your own boss, without re-inventing the wheel, all while truly making a difference in the lives of others in need. Our low cost franchise opportunity gives you the chance to fulfill your dreams of self-employment, job security and financial gain that come with a proven method, without the high risk and uncertainty that plagues the traditional business marketplace. With the expert training and enthusiastic support of iCare intelligent home care, success is yours to achieve! What a work from home franchise Opportunity has to offer: * successful business model * proven methods and products * start-up assistance * on-going training and support * association and synergy with other franchisees * easier to obtain financing * group buying power and marketing