How to start a franchise? How much does a franchise cost? What is the best franchise to own?
These are important questions! Starting a franchise is a big step. Here are the answers to our frequently asked questions.
Are franchise territories available in my area?
Contact our team for availability. One of our Franchise Development Consultants will discuss availability and can provide strategic alternatives if necessary. Also browse our featured territories, including franchise opportunities in Texas, California, and Florida.
Are Comfort Keepers franchise territories protected?
Yes, each franchise owner is granted their own zipcode-based territory.
How much does it cost to start a Comfort Keepers franchise?
The initial franchise fee is $50,000. Working capital is also needed for additional anticipated start-up costs. Financing programs are available.
|Approximate Fees and Financial Requirements||Low||High|
|Initial Franchise Fee||$50,000|
|Licensing||Varies from State to State|
|Total Initial Investment||157,500||245,000|
|Ongoing Royalty Fees||5%|
|Royalty Marketing Fund||2%|
Do you have financing programs available?
Yes. We offer a financing program for qualified buyers. This applies to both individual franchisees and multi-unit purchases.
Veterans are eligible for a 10% discount off the Initial Franchise Fee
How is the market for senior care services?
The senior care service industry is expected to experience significant growth over the next 40 years as baby boomers continue to age and younger generations approach retirement. By 2060 the population over the age of 65 will make up more than 25% of the total population.
Trends point to seniors are safest at home making in home care a sustainable business model for years to come.
The Senior Care industry is approximately a $740 Billon industry which encompasses in home senior care into the statistics. A disruption in the industry is expected with many families opting for in home solutions as opposed to facility type of care.
In 2020, the market for in-home senior care is projected to reach approximately $23 billion, exhibiting a decade-long average compound annual growth rate of 13%. According to the latest U.S. Census Bureau data, there are currently over 50 million adults in the U.S. over the age of 65 – and this population is projected to reach 70 million over the next 30 years.
Now is the best time to join the booming senior care industry.
About Comfort Keepers
Created in 1998 from the kitchen table by Kris Butler, a registered nurse from Springfield, Ohio that envisioned more than providing medical needs to seniors, the company has flourished from a dream to 700+ locations worldwide. In 2009, the brand was strengthened when it was purchased by Sodexo, one of the world’s leading food and facilities management services companies and the global leader in the health care and senior markets.
Today, Comfort Keepers is the solution for uplifting in-home care services to thousands of seniors every day. Comfort Keepers is available in 13 countries through independently owned and operated locations that make a difference in the lives of seniors and other adults in their community.
Choosing Comfort Keepers not only provides brand recognition of a 20+ year old strong brand, but also the backing of Sodexo’s strong global presence and connections in the industry.
What traits are important for a franchise owner?
Running your own senior care business is hard work. There are common characteristics of a successful franchise owner, including:
- Must be a self-starter
- Focused on sales to understand the importance of driving your own success
- Passionate about providing quality in-home care
- Able and willing to follow a proven system and not recreate the wheel
- Capable of multitasking to simultaneously manage internal and external business priorities
- Effective and efficient in time management and prioritization
Do you provide local support?
Yes, we have a team of field leaders who work directly with our franchisees to provide on-going operational support and guidance. We also have additional online and in-person resources that empower, educate, and support franchisees to take their business to the next level.
What training is provided?
After signing your franchise agreement, you will be assigned a Regional Director who will discuss your next steps and our training program. Visit our quick guide on getting started.
How do you get started?
Have another question? Contact us and we’ll be in touch. We want you to feel confident in your decision to join us.
Glossary of terms:
Asset- Anything owned that has a monetary value.
Liability- Are obligations or amounts owed to creditors
Net worth- The value of all assets after subtracting liabilities. Net worth is a quantitative concept that measures value of an entity, person, or family. Typically, NetWorth calculations are used for calculations to determine financial responsibility for future creditors and business contracts.
There are many NetWorth calculators available to help determine your net worth.
Bankrate has a great personal net worth calculator available: https://www.bankrate.com/calculators/smart-spending/personal-net-worth-calculator.aspx