Home Instead is a home care company that specialises in support services for the elderly. The brand is renowned for its high standards and individually tailored care packages. Home Instead is now offering franchise opportunities that enable aspiring entrepreneurs to not only become financially independent but make a difference, too. Learn more below.
Services That Change Lives for the Better
The company offers a broad range of non-medical care services which include personal care, dementia care, respite care and companionship, to name but a few
Each of Home Instead’s care services lasts for at least one hour. This length of time allows for the company’s caregivers to quickly establish a rapport with their patients and develop trust.
Franchisees Aren’t Required to Personally Perform Care Services
Wondering what your responsibilities would be if you became a Home Instead senior care franchise partner? It would be your job to grow your organisation through marketing and other initiatives. The home care aspects of the operation would be handled by your care manager. A specially skilled individual who’d lead your team of carers. The company would help you recruit this manager, and then provide you with ongoing support.
Your home care franchise would be based within a territory containing at least 25,000 individuals who are more than 65 years old. There’d be an ample supply of business opportunities for you to capitalise upon, and you’d be able to make a positive impact in many lives.
Unsure you’d be able to find a suitable office? Don’t worry. Home Instead will help you find a suitable site and even assist you during the lease negotiations.
Skills & Experience
It would be fair to assume that care home franchises such as this need to be run by experienced carers. But Home Instead is different – you’ll have a purely managerial role. As a result of this, you won’t need to have a background in the care sector. What you will require is commercial awareness, management skills and strong communication abilities.
What’s the Required Financial Investment?
A Home Instead senior care franchise costs £41,000 plus VAT initially. You’ll also need between £55,000 and £75,000 in working capital. Therefore, the total investment will range from £96,000 to £116,000. Once you’re operational, you’ll be required to pay an ongoing royalty fee. This will amount to 6.5% of your monthly revenue.
In return for your money, you’ll get training, instructional manuals, marketing materials, recruitment assistance, one year of UKHCA membership and so much more. There aren’t many non-medical home care franchise opportunities that provide as much value!
The team at Home Instead predicts that you should break even between your 12th and 14th month. It’s also possible for you to generate up to £1,000,000 in turnover per annum from your third year onwards while making an operational profit ranging from 15% to 20%. But to accomplish this, you’ll need at least 110 clients and to properly implement the Home Instead business model. Remember, exact figures cannot be guaranteed.
You Won’t Have to Provide All of the Capital
Home Instead is a leader in the industry. Many major financial institutions are aware of the company and its track record of success. This will give you a significant advantage. How so? You will be able to ask a moneylender to provide up to 70% of the required investment. Consequently, you must only raise 30% of the capital needed to take this remarkable franchise opportunity. But don’t forget, loan requests are only approved subject to status.
The Training Process & Brand Support Network
If you’re accepted into the franchise network, Home Instead will provide you with unlimited support. You’ll be given induction training and then undergo a development programme that consists of 180 days of instruction. Nothing will be left to chance!
Throughout your time as a home care franchise manager, you’ll get assistance with all aspects of the operation. This encompasses IT, marketing, care services and legal support. You’ll also benefit from a national and local PR campaign, that’ll help promote your business.
Get Your Questions Answered
If you’re contemplating pursuing this franchise opportunity, send an enquiry and request further information. It’s easily done – fill out this form and submit it. It will take just seconds.