FIRSTLIGHT HOME CARE Franchise Startup Cost, Profit Margin, Revenue and Locations
when you are seeking for a home care service that caters to senior citizens, FirstLight Home Care is one of the top home care franchises in the United States that cater to seniors, disabled adults, new mothers and other class of people needing assistance. They cater to thousands of citizens and their popularity is growing by the day, hence the question how much is a FirstLight Home Care franchise?
WHY FIRSTLIGHT HOME CARE FRANCHISE?
What a lot of business people would have understood by now is the franchises works, the facts are convincing enough. All that is needed to be done is due the right research and investing in the right franchise that will cater for your future.
When you decide to buy into a home care franchise business, especially a FirstLight Home Care Franchise, you will be exposed to a high level of training and support, proven operational methods, brand consistency, technology and marketing support that will give you an advantage to recoup your business investment in a very short time.
The home care industry is worth about $70 billion with increasing demand every year. The non medical aspect of the industry has been recognised by many sectors as the fastest growing employment unit and at the same time has one of the highest demand for home care services.
As these demands are growing, FirstLight Home Care is positioning itself to meet the growing demand and at the same time provide affordable, quality and non medical home care services to their clients in order for them to be able to tap into the affordable alternative that the company offers. About 90% of senior citizens are indicating the desire to stay in the home; this is just the opportunity for you to invest in a dynamic business.
IS FIRSTLIGHT HOME CARE A FRANCHISE?
FirstLight Home Care was established in the year 2009 and just one year later they started selling franchise opportunities. That answers the question “is FirstLight Home Care a franchise?” The company has been successful working with a very sound franchising model.
HOW MUCH DOES A FIRSTLIGHT HOME CARE FRANCHISE COST?
The FirstLight Home Care franchise cost will be the addition of all the amount of money needed to establish a franchise unit with the company. A prospective franchisee will be required to have an initial investment to the tune of $99,000 to about $140,000. With also a net worth requirement of about $4150,000 and then a liquid cash requirement of about $80,000
FIRSTLIGHT HOME CARE FRANCHISE FEE
Before you can buy into the company’s franchise, you will be required to make an initial franchise fee. This is the payment that grants you the license to operate with the company and use any of their proprietary properties. The FirstLight Home Care franchise fee is $42,500 and this non refundable as well as renewable after a certain agreed period of time. You will also be expected to make an ongoing royalty fee of about 5% and an ad royalty fee of 1% of the monthly gross revenue of your franchise unit.
HOW MUCH DOES A FIRSTLIGHT HOME CARE FRANCHISE MAKE?
The amount of money a FirstLight Home Care franchise owner will make will depend on so many factors ranging from the effort they placed in the business to the location and the relationships they build with their clients. The average income made in the business cannot although be ascertained, but information about earnings that can be actually made can be acquired from existing franchisees with the company.
WHO QUALIFIES FOR A FIRSTLIGHT HOME CARE FRANCHISE?
For you to be considered for a franchise opportunity with FirstLight Home Care, you will need to be an individual that is self motivated, caring, entrepreneurial, outgoing, compassionate, positive and also posses the willingness to work with a proven system. You will also be expected to have a minimum of about $50,000 as working capital combined with the ability to have an equity owner taking part in the business.
Every new franchisee with the company will be required to take a 55 hours online Pre New Owner training. This will be then be followed with 5 days of training at the head office in Cincinnati. There will also be additional ongoing training for caregivers, managers, networking managers. The company believes in learning for life and so have conditioned the franchise system to work in that manner
New franchisees with FirstLight Home Care will not have direct access to financing by the company. The company has relationships with 3rd party sources that will offer adequate funding to cover for the following: startup costs, franchise fee, payroll, account receivable, equipment and so on.
When you buy into the FirstLight Home Care Franchise, you will be protected by territory that no other license will be offered to anyone within your locality right from the date that you start operation.
HOW TO OPEN A FIRSTLIGHT HOME CARE FRANCHISE
Information delivered in this article will be enough for you in your quest to have a FirstLight Home Care franchise. You will need to proceed to the website of the company: https://www.firstlightfranchise.com/download-franchise-kit/ and then submit your application.
The company will assess your application and if you are considered for a franchise opportunity, they will then assign a franchise manager to you who will assist you in the process of starting up your new unit.