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Updated RecentlySpectrum Home Services vs Launch Homecare Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Spectrum Home Services vs Launch Homecare 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 | $14,997 - And Up |
| Franchise Fee | $25,000 | $14,997 |
| Royalty Fee | 5% | 499/month |
| Advertising Fee | - | - |
| 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 | - | *4 days of live training complete with, manuals, forms, and marketing materials. *Quickbooks training course by one of the leading financial trainers in the world. |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives | *A customized website designed for your new home care and assisted living placement company. We optimize it so you are ready to launch! *Dozens of human resources forms, client contract forms, and service documents are included in your start-up package. Literally every document you will ever need is available! *A custom logo, 1000 customized brochures & 2500 business cards designed and printed to get you started with a professional look. The digital files are yours to keep! *We have an exclusive relationship with Legalzoom providing all of our clients with discounts on setting up their corporation, LLC, or partnership. *After you’ve completed the start-up training, you won’t be on your own. Launch Homecare provides a monthly service pack that includes a combination of ongoing training, services and resources, and huge discounts on insurance and other products. (Also available to existing senior care companies) |
| 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 | - |
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 Launch Homecare
THIS IS NOT A FRANCHISE. THIS IS A BUSINESS OPPORTUNITY. Start a Senior Care Business in Your Area Using Our Start-Up Training Package! Launch Homecare combines the benefits of a typical franchise without the downsides. Our start-up training package includes 4 days of live training, manuals, forms, and marketing materials designed to give you the greatest foundation for success in starting your own senior care business. This requires an Initial Investment of $14,997 Monthly Service Pack After you have started or if you already have a senior care business in operation, our monthly service pack combines all of the technology, discounts, and services that you will need to succeed longterm. This requires a monthly service fee of $499/month.