CareMinders vs IKOR Franchise Comparison

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

Start-Up Costs and Fees
 
CareMinders Franchise
IKOR Franchise
Investment $138,100 - $199,000$86,450 - $138,083
Franchise Fee $39,000$37,500
Royalty Fee 3.75%-5%8%
Advertising Fee -1%
Year Founded 20042000
Year Franchised 20042010
Term Of Agreement 10 years10 years +5+5+5
Term Of Agreement 10 years10 years +5+5+5
Renewal Fee $2500-


Business Experience Requirements
 
CareMinders Franchise
IKOR Franchise
Experience --

Financing Options
 
CareMinders Franchise
IKOR Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees No/No-/Yes
Start-up Costs No/No-/Yes
Equipment No/--/-
Inventory No/No-/-
Receivables No/No-/-
Payroll No/No-/-

Training & Support
 
CareMinders Franchise
IKOR Franchise
Training Having the tools and systems in place to build and manage your business is paramount and our five day training course is extremely thorough.Classroom Training: 74 hours
Support We provide you with a copy of the official CareMinders� Home Care operations manual is your blueprint to building and growing your CareMinders� Home Care franchise. We found the best home care software company in the U.S. to provide our franchisees with a complete business application for the daily management of their business. You will never be alone. Our team will provide continued training and support for all aspects of the business.Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform
Marketing We have the marketing pieces, programs and other tools you will use to create the marketplace recognition you will achieve and assist you in attracting new customers and increased revenues.-
Operations -Number of Employees Required to Run: 2

Expansion Plans
 
CareMinders Franchise
IKOR Franchise
US Expansion -Yes
Canada Expansion No-
International Expansion No-

Company Overviews

About CareMinders

Life At Home Is The Key To Independence
CareMinders Franchisees offer both Medical and Non-Medical home care: companionship, personal , skilled care and related home support services and assistance to all ages of handicapped, convalescing and dependant individuals in their own homes, and when permitted, in nursing homes, hospitals, assisted care facilities and other medical settings.CareMinders Home Care is dedicated to enhancing the quality of life through delivering compassionate skilled and non-medical care to clients at home by trained and dedicated staff who continuously strive for excellence. We provide for the safety and security of clients, regardless of age, by offering personalized care and related home support services as well as harmonious companionship. We build relationships beginning with the very first encounter with a goal of providing the highest quality of care, second to none. We offer a wide range of both long and short term assistance to our clients, regardless of age. You or your loved one may have a temporary or permanent disability or illness, or may just be in need of someone to assist with a variety of services. Examples of the skilled and non-medical services we provide include the following: *Nursing Services *Personal Care Services *Live-In Services *Therapeutic Services *Counseling Services *Multiple Revenue Stream Opportunities *Many more services customized to meet the needs of our clients

About IKOR

A Unique and Rewarding Opportunity in the Senior and Disabled Professional Services Sector IKOR is different from other businesses that serve the needs of seniors and the disabled. IKOR does not provide direct care, but acts as an advocate for its clients, creating and overseeing each client's medical, environmental, psycho-social and financial life plans. With this approach, IKOR provides a wide range of services: advocacy, guardianship, care planning and coordination, financial management, routine bill payment services and small/minor trust work.

 IKOR is a unique business opportunity in the senior and disabled care industry, allowing motivated franchise owners to provide a variety of badly needed services - with the support of an established organization - that make a positive impact on the lives of individuals and families in their communities. Our in-house team of highly experienced Registered Nurse Patient Advocates and Personal Needs Coordinators provides our customized services through an assessment process that ends in both short-term and long-term strategic planning. Each client's strategic plan is based on the unique needs of that individual.

The IKOR approach helps families manage both short-term health crises and long-term care issues for seniors and disabled adults and children. If you have a true desire to help those who need help and want your work to have a meaning, we invite you to learn more about us! Take the next step toward being your community's solution for the issues of seniors and the disabled.

 IKOR has identified the need, and developed the solution to address the specific medical, financial and other life issues of its clients. Our philosophy and individualized focus, our network of contacts, plus our deep understanding of various options and programs all become yours when you join IKOR! What we seek in return is your dedication to providing services and intervention focused solely on the client. We expect you to accept each client and situation as unique and individual, and that you use your business and relationship-building skills, plus your compassion, to help ensure your clients' needs are met in the most appropriate manner. It can be a highly-rewarding venture in so many ways. Contact us today to find out more about the IKOR franchise program and begin your journey toward discovering if IKOR is right for you.

Veteran Incentives  10% off franchise fee