LivHome is a home care service offering in-home support and geriatric care management for seniors. The franchise utilizes technology to coordinate care, medication tracking, and family engagement.
Key Insights
- LivHome emerged when founders recognized significant opportunities to transform traditional service delivery methods within their market, developing innovative approaches that addressed specific customer pain points and established new standards for quality and reliability in the industry.
- Caregiving services are carefully matched to client personalities and specific care needs through comprehensive assessment processes that evaluate physical, emotional, and social requirements, ensuring optimal caregiver-client relationships that promote comfort, safety, and quality of life for seniors.
- Generational changes in consumer behavior drive innovation in service delivery and customer engagement methods, requiring businesses to adapt communication and service approaches while maintaining the quality and reliability that build long-term customer relationships.
Franchise Fee and Costs to Open
Exploring the financial picture of LivHome 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 $96,500 - $150,000, along with a franchise fee of $40,000 - $40,000.
Financial Performance and Revenue
Training and Resources
LivHome provides comprehensive initial training to new franchisees. This program is approximately two weeks in duration and is conducted at LivHome's headquarters. LivHome offers resources covering operational best practices and marketing strategies. LivHome recommends utilizing these provided tools for success.
Legal Considerations
Legal considerations for a LivHome franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
Operating a LivHome franchise within the healthcare sector presents several considerations. Understanding the existing local landscape and the presence of competitors offering similar home-based care services is a key factor. Managing the day-to-day operational workflows, including scheduling, client management, and staff coordination, requires meticulous attention to detail. Furthermore, ensuring a consistent and reliable supply of necessary medical equipment and consumables, often sourced through specific distributors, is crucial for service delivery.
Franchise Datasheet
FAQs
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