Spectrum Home Services vs Home Care Assistance Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Spectrum Home Services vs Home Care Assistance including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Spectrum Home Services Franchise
Home Care Assistance Franchise
Investment $58,000 - $99,950$86,000 - $245,250
Franchise Fee $25,000$55,000
Royalty Fee 5%5%
Advertising Fee --
Year Founded 20002003
Year Franchised 20042004
Term Of Agreement 5 years-
Term Of Agreement 5 years-
Renewal Fee -10% of franchise fee


Business Experience Requirements

 
Spectrum Home Services Franchise
Home Care Assistance Franchise
Experience
  • General business experience
  • Marketing skills
  • -

    Financing Options

     
    Spectrum Home Services Franchise
    Home Care Assistance Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/NoNo/Yes
    Start-up Costs No/NoNo/Yes
    Equipment No/NoNo/Yes
    Inventory No/NoNo/Yes
    Receivables No/NoNo/Yes
    Payroll No/NoNo/Yes

    Training & Support

     
    Spectrum Home Services Franchise
    Home Care Assistance Franchise
    Training - On-The-Job Training: 20 hours Classroom Training: 40 hours Additional Training: At franchisee's location yearly, 2-3 days; Online training & conferences
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperativesNewsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
    Marketing Ad slicks, Regional advertisingAd Templates National Media Regional Advertising Social media SEO Website development Email marketing
    Operations Franchise can be run from home.

    Absentee ownership of franchise is NOT allowed.

    Absentee Ownership Allowed Number of Employees Required to Run: 1 - 4

    Expansion Plans

     
    Spectrum Home Services Franchise
    Home Care Assistance Franchise
    US Expansion -Yes
    Canada Expansion NoNo
    International Expansion YesYes

    Company Overviews

    About Spectrum Home Services

    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.

    About Home Care Assistance

    "Home


    If you are seeking a stable industry with guaranteed clients and virtually unlimited growth potential, look no further. Senior live-in home care is a rewarding and in-demand business and a perfect match for motivated entrepreneurs. More than any other franchise concept in the senior care industry, Home Care Assistance 1-866-4-LiveIn is poised to help you take advantage of this tremendous opportunity in the emerging senior care market.

    The total investment necessary to begin operation of a single HCA Business is between $86,000 and $146,500. This includes $55,000 that must be paid to the franchisor or an affiliate. The total investment necessary to begin operation of an Area Development business will be a minimum of $113,500, with no maximum. This includes a minimum of $82,500 that must be paid to the franchisor or an affiliate.
    Veteran Incentives  10% off franchise fee