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Updated RecentlyLivHOME vs Mastercare Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of LivHOME 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 | $95,000 - $150,000 | $117,800 - $215,450 |
| Franchise Fee | $40,000 | $28,000 - $37,000 |
| Royalty Fee | - | - |
| Advertising Fee | - | - |
| Year Founded | 1999 | 2012 |
| Year Franchised | 2010 | 0 |
| 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 | *Two-week intensive training at LivHOME corporate headquarters *Specialized training for conditions such as dementia *Marketing and PR training | Initial pre-start up training In house administrative training |
| Support | * Marketing assessment of your territory * Strategic planning and guidance in key operational areas * Do-It-Yourself PR manual so you can drive awareness and attract potential clients * Ongoing field visits and strategic support * Proprietary computer system for back-office functions * Established Caregiver recruitment and retention programs * Deep research on professional groups * Top-notch sales collateral * Advertising support * Vast library of educational content you can use for marketing (podcast, blog, news stories, etc.) | Accounting Home Care Management Software systems Troubleshooting |
| Marketing | - | Design support Events e.g. Senior Fairs Mass mailing support Print support Media: Broadcast and Internet Start up and ongoing marketing support |
| Operations | - | - |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | - | - |
| International Expansion | - | - |
Company Overviews
About LivHOME
Become a LivHOME Franchisee
Build a better life for yourself - and the seniors you will serve
Opportunity
LivHOME, one of the nation's largest professionally led home care providers for seniors, began offering franchises to qualified applicants and has great territories available in highly desirable locations.
Because of LivHOME's professionally led model, which focuses on
providing quality care overseen by highly trained Geriatric Care Managers, LivHOME competes on value, not price.
Growth Potential
Growing Industry: The US senior population is forecast to nearly double to 70 million by 2030, which is expected to result in consistently increasing demand for LivHOME services. The
industry is poised for strong growth, and franchise owners can best take advantage of this by working with the
most reputable provider that can provide real support for both obtaining leads and building a premier referral base for long-term success.
Obtaining Leads: LivHOME's well-developed marketing program works to drive leads and builds credibility across all of our markets.
Programs in support of franchise owners include:
LivHOME's state-of-the-art website, which draws thousands of new visitors each month;
A PR program, which has won the company coverage in publications including The Wall Street Journal,
New York Times, The Remington Report, CARING and Advance magazine; and
The Senior Care Podcast by LivHOME, a web-based audio show that targets seniors, their family members, professional referrers and others in the industry.
Building a Sales Base: Long-term success does not come from one-time leads, but from strategically developed
relationships with premier referring professionals in local communities. LivHOME has developed a highly
effective sales program built upon knowing how to reach these professionals, how to sell to them, and how
to develop long-term growth from this strong base. More than 10,000 professionals have referred clients to
LivHOME.
LivHOME has been named to the Inc. 5000 list of fastest growing private companies for FOUR
consecutive years!'
For more information, visit www.livhomefranchise.com
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.