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Updated RecentlyHome Care Assistance vs Mastercare Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Home Care Assistance vs Mastercare including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $86,000 - $245,250 | $117,800 - $215,450 |
| Franchise Fee | $55,000 | $28,000 - $37,000 |
| Royalty Fee | 5% | - |
| Advertising Fee | - | - |
| Year Founded | 2003 | 2012 |
| Year Franchised | 2004 | 0 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | 10% of franchise 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/Yes | -/- |
| Start-up Costs | No/Yes | -/- |
| Equipment | No/Yes | -/- |
| Inventory | No/Yes | -/- |
| Receivables | No/Yes | -/- |
| Payroll | No/Yes | -/- |
Training & Support |
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| Training | On-The-Job Training: 20 hours Classroom Training: 40 hours Additional Training: At franchisee's location yearly, 2-3 days; Online training & conferences | Initial pre-start up training In house administrative training |
| Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | Accounting Home Care Management Software systems Troubleshooting |
| Marketing | Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing | Design support Events e.g. Senior Fairs Mass mailing support Print support Media: Broadcast and Internet Start up and ongoing marketing support |
| Operations | Absentee Ownership Allowed Number of Employees Required to Run: 1 - 4 | - |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | No | - |
| International Expansion | Yes | - |
Company Overviews
About Home Care Assistance
!["Home]("https://fddexchange.com/wp-content/uploads/2020/01/Home-Care-Assistance.png")
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
About Mastercare
!["Mastercare]("https://fddexchange.com/wp-content/uploads/2020/10/Mastercare-300x99.png")
.Mastercare intends
for our franchisees to get the biggest bang for their buck in regards to
the territory you are purchasing.
You are opening your franchise to not
only help people in your local community, but also to ensure you are
able to make a living.
Mastercare
Franchise territories will service a population of approximately 75,000
to 250,000 people. For the initial Franchise Fee of $37,000 *,
your territory is designed by zip codes, political or geographical
boundaries. Your territory is PROTECTED, meaning that Mastercare will
not sell another franchise within that defined territory throughout the
life of your contract. We will help you evaluate the demographics of the
area you are considering for your territory based on the geographic
location, population, and isolation, etc.
Mastercare
also understands that small, rural towns need just as much Homecare
(and Healthcare) support as urban areas. Because of geographical
barriers, owning a franchise in a rural area may not allow for as large
of a client base. To encourage services in rural and underserved
populations, Mastercare offers smaller territories, populations between
10,000 and 74,999 people, at a reduced Rural Franchise Fee of $28,000 *.
Royalties under your Franchise Agreement are among the lowest in the industry. The Mastercare franchise royalty fee structure follows a descending scale based on gross revenues.
The franchise is not a home-based business and must be operated from a commercial office location.