Touching Hearts provides affordable, high-quality personal care, in-home care, non-medical, and care management services for seniors and individuals with disabilities. The franchise offers compassionate, comprehensive care solutions.
Key Insights
- Touching Hearts was established with a vision to provide compassionate and personalized non-medical care for individuals needing support in their homes, fostering independence and enhancing quality of life through a client-centered approach.
- The franchise operates by matching trained and empathetic caregivers with clients, focusing on building meaningful relationships and tailoring care plans to individual needs and preferences, ensuring a consistent and reliable service.
- Operating within the home care sector, Touching Hearts addresses a growing demand for elderly care and support for individuals with disabilities, a field characterized by its essential service nature and ongoing expansion.
Franchise Fee and Costs to Open
Exploring the financial picture of Touching Hearts 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 $84,600 - $147,200, along with a franchise fee of $49,500 - $49,500.
Financial Performance and Revenue
Yearly gross sales of $935,595 and estimated earnings of $168,408 - $233,899 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 1.6-3.6 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
Touching Hearts provides comprehensive initial training for new franchisees. This immersive program is typically conducted over two weeks at Touching Hearts' headquarters. The franchisor offers a robust suite of resources designed to support operational launch and ongoing success. Touching Hearts recommends leveraging these materials to develop a strong understanding of their service model.
Legal Considerations
Legal considerations for a Touching Hearts 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
Operating a Touching Hearts franchise involves considerations such as navigating existing local home care providers, managing caregiver recruitment and retention, and ensuring consistent access to necessary medical supplies. Each franchisee will assess these aspects in relation to their specific market environment and operational setup.
Franchise Datasheet
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