|
Below is an in-depth analysis and side-by-side comparison of Visiting Angels vs MEDIchair including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $123,460 - $161,150 | $350,000 |
Franchise Fee | $49,950 - $79,950 | $50,000 |
Royalty Fee | 3.5-3% | 5% of annual gross sales |
Advertising Fee | 2.5 -2% | - |
Year Founded | 1992 | 1985 |
Year Franchised | 1998 | - |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | $2.5K | - |
Business Experience Requirements |
||
Experience | - | - |
Financing Options |
||
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 |
||
Training | Classroom Training: 46 hours Additional Training: 5+ regional refresher meetings per year; monthly webinars; annual conference | - |
Support | Newsletter Meetings/Conventions Toll-Free Line Online Support Field Operations Site Selection Franchisee Intranet Platform | - |
Marketing | CCo-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development | - |
Operations |
Franchise can be run from home. 0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
||
US Expansion | Yes | - |
Canada Expansion | No | No |
International Expansion | Yes | No |
Our senior care establishment openings are intended to give the bolster you have to assemble a flourishing business. With around 8,000 Americans turning 65 every day, the requirement for private obligation home care is developing drastically. By 2030, it is anticipated there will be 72 million seniors in the United States. Families are extended thin. Adjusting the necessities of elderly guardians or relatives with profession obligations and bringing up kids has never been more troublesome. Our private obligation mind administrations give the bolster numerous families require.
MEDIchair, a LifeMark Health Management company, is North America's largest and fastest growing Home Medical Equipment (HME) franchise company with stores coast-to-coast across Canada. MEDIchair stores carry a comprehensive line of products including wheelchairs, scooters, lift chairs, bathroom safety products, home accessibility solutions and soft/disposable personal health care products such as incontinence supplies, wound care, compression and bracing. These specialty products are designed to enhance the quality of life for people experiencing disabilities, injuries, surgeries and aging. MEDIchair prides itself on providing caring, knowledgeable and highly trained consultants committed to finding the right home health care product solution for each customer.