| ||||
Updated RecentlyMEDIchair vs 24/7 Nursing Care Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of MEDIchair vs 24/7 Nursing Care including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $350,000 | $48,250 - $63,300 |
| Franchise Fee | $50,000 | $34,900 |
| Royalty Fee | 5% of annual gross sales | 5% |
| Advertising Fee | - | 1,5% |
| Year Founded | 1985 | 2013 |
| Year Franchised | - | 2017 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
||
| Experience | - | - |
Financing Options |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | -/- |
| Start-up Costs | -/- | -/- |
| Equipment | -/- | -/- |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
||
| Training | - | On-The-Job Training: 8 hours Classroom Training: 22-24 hours |
| Support | - | Grand Opening |
| Marketing | - | - |
| Operations | - | Number of Employees Required to Run: 10 |
Expansion Plans |
||
| US Expansion | - | Yes |
| Canada Expansion | No | - |
| International Expansion | No | - |
Company Overviews
About MEDIchair
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.
About 24/7 Nursing Care
24/7 Nursing Care, Inc is a leading provider of nursing care and companion services for individuals who want to remain independent and outside of a nursing home setting. We believe that the medical and emotional aspects of home health care should go together. The caregivers we place are those that excel both at their job and empathizing with patients. We believe there’s no point in focussing on a patient’s medical needs without addressing the need for tender loving care. As our name suggests, we provide round the clock care, both day and night. No job is too big or too small.
Following the success of our vision in our hometown of Miami, Florida, we were inspired to spread this ethos and offer franchise opportunities nationwide.
Benefits
We at 24/7 Nursing Care are committed to providing excellent nursing and companion services to our clients, whether it is long term or short term. It stands to follow then that we are also committed to the success of our franchisees. We will help you create your very own 24/7 Nursing Care. You will have personal consultant who will guide you through the business development process with everything from licensing and infrastructure to creating a targeted marketing plan for your franchise. With a low cost to start, and very little overhead, you will be sure to see a quick return on your investment.Offering
We have two franchise offerings available:• Own a single 24/7 Nursing Care franchise with a protected territory of 15,000 to 30,000 people who are 65 years old or older.
• Purchase the rights to a larger territory though an area development franchise agreement and create multiple 24/7 Nursing Care home healthcare agencies. larger territory through an area development franchise agreement and create multiple 24/7 Nursing Care home healthcare agencies.