|
Below is an in-depth analysis and side-by-side comparison of Visiting Angels vs Caring Hearts Home Care including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $123,460 - $161,150 | $5,900 - $7,500 |
Franchise Fee | $49,950 - $79,950 | N/A |
Royalty Fee | 3.5-3% | 0 |
Advertising Fee | 2.5 -2% | - |
Year Founded | 1992 | 2005 |
Year Franchised | 1998 | 2005 |
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 | On site 3-Day Comprehensive One on One training |
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 | Yes |
Canada Expansion | No | - |
International Expansion | Yes | Yes |
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.
Your local Caring Hearts® office is operated and staffed by trusted, local professionals who understand your needs. As part of the community, their outlook and values align with yours. They’ll work with you to develop a plan that provides the right amount of care for your situation. They can also work with you to find payment options available in your community, including any Medicaid, insurance and veteran’s benefits. No one should have to worry about a loved one who needs assistance. All Caring Hearts® employees undergo an extensive background check, and all offices are bonded and insured.
Caring Hearts® is also able to provide another level of security through its line of Direct Link® products, such as Personal Emergency Response Systems (PERS), fall sensors, automated medication dispensers and vital signs monitoring units. These Direct Link® PERS units are monitored 24/7/365 by specially trained staff who are ready to assist in any emergency response situation. When combined with in-home care visits, Direct Link® makes keeping a loved one safe around the clock even more affordable.