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Updated RecentlyWe Care Health Services vs The Haven Family Care Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of We Care Health Services vs The Haven Family Care including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $125,000 - $150,000 | N/A |
| Franchise Fee | $40,000 | $15,000 |
| Royalty Fee | - | - |
| Advertising Fee | - | - |
| Year Founded | 1984 | - |
| Year Franchised | 1986 | - |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| 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 | -/- | -/- |
| Start-up Costs | -/- | -/- |
| Equipment | -/- | -/- |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
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| Training | - | At The Haven headquarters in Raleigh, North Carolina we train you on everything you'll need to build a solid foundation in the business. Additionally, we give you extensive ongoing training in your own location on effective and precise operational procedures. Most importantly, our senior staff will personally stand by your side to assist you in implementing our proven method for regional business development through networking, PR, local advertising campaigns and direct interaction with business owners and management groups in your area. The result; we will teach you all the skills you need to build a strong regional presence for your assisted living franchising business! |
| Support | - | Professional, personal relationship management skills necessary to achieve your goals in building your senior care business. Our support services will provide you with years of accumulated knowledge and expertise through the following individualized support elements: Regional target customer referral identification Senior staff onsite support Direct business development assistance � broker relationships Corporate Website Management SEO for Regional Toll-free technical support Networking with strategic partners and management team members Professional management software Operations manuals Technical data and forms PR and Publicity |
| Marketing | - | - |
| Operations | - | - |
Expansion Plans |
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| US Expansion | - | No |
| Canada Expansion | Yes | - |
| International Expansion | - | - |
Company Overviews
About We Care Health Services
At We Care, we understand that seniors, and others who need care and support, enjoy an improved quality-of-life when they continue living at home in familiar surroundings. That’s why we’ve created the most professional, compassionate and attentive home care program in Canada. And it’s how we’ve grown into Canada’s largest independently owned home health service.
We’re locally based, so we understand your community and its history. We know the area’s unique character. Our own families are growing up here and in many instances, our parents and grandparents have helped shape the community’s history.
On the bigger scale, we’re nationally linked, with over 50 locations across Canada. We share successful practices, provide exclusive services, and are there when you need us.
It’s our compassion, along with the resourcefulness of a professional national network, that make us the care provider of choice for thousands of families all across Canada.
Established in 1984, We Care Health Services is now Canada's largest franchise system in the health care industry. We Care franchisees benefit from exploding demand for our services due to aging populations and government cutbacks, as well as the extensive support and infrastructure required to supply that demand.About The Haven Family Care
The Haven has an impressive potential ROI for a franchise owner. With low overhead, a low start-up cost for a business and applicability in just about any market, the concept is financially sound. A franchise owner after five years in business is projected to do $323,960 in revenue with EBITDA of $65,949 in addition to an operator salary of $56,275. These numbers are extremely impressive in the franchise marketplace and will help make The Haven brand much more marketable and sustainable. We of course will not be guaranteeing any success or levels of profitability, but with a large margin for error, a franchisee can be much less effective than we have projected and still have a successful business. 20 percent ROI plus manager's salary - The rule in the franchise industry is that the business model should be able to do at least a 20% ROI by the end of the second year in business. The Haven model easily allows for this standard with EBITDA in year two at $55,894 and 46% ROI on cash for a franchisee by the end of the second year. Financially speaking, this model is as solid and attractive of an offer as you can find in the franchise marketplace. Operationally sound - The Haven model is operationally structured to be efficient and simple in nature allowing for ease of duplication in new markets. The corporate location of The Haven will be used as a goal and ideal example of what this franchise can become. With good management and the guidance of The Haven's franchise program, a franchisee can strive to build an organization as well-managed and structured as the business in Raleigh, NC. Adaptable nationally - The Haven model is certainly adaptable nationally, the concept is almost indiscriminant of the market it is located in. In all markets, the concept has been very successful and proven the sturdiness of The Haven concept. In most parts of the U.S., the population of seniors is increasing as well as the number of disabled people who need home care services. This is a booming market that with good marketing and motivated franchisees could work just about anywhere it seems. Public acceptance - The American public wants to be at home when they need extra care. The idea of going to a nursing home or assisted living facility is generally looked down upon. The key will be for The Haven to continue to provide professional, high-quality service with a focus on truly providing great care to the Residents. That will continue to build brand equity and value for The Haven throughout the franchise system.