Acti-Kare is an in-home care service franchise providing companion services to seniors. The franchise offers personalized home care solutions, including companionship, homemaking, and respite care.
Key Insights
- Acti-Kare originated from a vision to provide essential in-home care services, establishing a foundation built on compassion and dedication to enhancing the quality of life for individuals needing assistance. The franchise's operational model centers on connecting clients with qualified caregivers trained to meet diverse personal care needs.
- The business functions by facilitating personalized care plans, ensuring that each client receives tailored support for daily living activities. This approach emphasizes building trusting relationships between caregivers and those they serve, promoting independence and well-being within the comfort of their own homes.
- The industry Acti-Kare operates within is characterized by a growing demand for in-home support driven by demographic shifts and a preference for aging in place. This sector provides a stable and expanding market for compassionate and reliable caregiving services.
Franchise Fee and Costs to Open
Exploring the financial picture of Acti-Kare gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $32,530 - $57,550, along with a franchise fee of $19,750 - $39,750.
Financial Performance and Revenue
Yearly gross sales of $489,074 and estimated earnings of $88,034 - $122,269 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 1.4-3.4 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Acti-Kare provides comprehensive initial training. This intensive program, spanning two weeks, takes place at the Acti-Kare headquarters. The franchisor offers resources covering all facets of business operations. Acti-Kare recommends utilizing these materials to establish a successful franchise.
Legal Considerations
Legal considerations for a Acti-Kare franchisee are defined by the Franchise Disclosure Document (FDD) and the Franchise Agreement. This franchise does not disclose lawsuits or bankruptcy information in its FDD, but prospective franchisees should still review all terms thoroughly. Consultation with a qualified attorney is essential before making commitments.
Challenges and Risks
Running an Acti-Kare franchise involves navigating local market competition for both clients and caregivers. Operational complexity arises in managing schedules, training staff, and ensuring compliance with healthcare regulations. Dependence on specific supply chains for equipment or specialized services can also present challenges, impacting service delivery and cost management.
Franchise Datasheet
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