General

Industry

Healthcare Services

Category

Senior Care

SBA Identifier

Year of Founding

1967

Fees

Marketing Fee

NA

Royalty Fee

5.25% of all sales

Franchise Fee

$60,000-$60,000

Investment Range

$386K-$472K

Location units

Total U.S. Locations

7

U.S. Franchised Units

7

U.S. Corporate Units

0

Headquarters (City)

Sunrise

Other

Item 19 - Franchise Financials

No

Financing Availability

-

Started Offering Franchises

1968

Issuance of FDD Data

12/15/2021

What to know about Interim HealthCare Hospice franchise?

The franchisee, utilizing the trade name INTERIM HEALTHCARE HOSPICE, will operate a licensed/certified hospice business which provides end of life care and support services directly to eligible patients and their families in their place of residence, utilizing primarily licensed personnel such as physicians, registered nurses, licensed practical nurses and medical social workers; and other personnel such as bereavement, spiritual care and dietary counselors, volunteer coordinators, aides and companions. The franchisee may also provide pharmaceuticals and health care related home medical equipment, products and supplies to individuals to whom it is providing hospice services.

Interim HealthCare Hospice is based in Sunrise, FL. Scroll down to learn more!

How much does a Interim HealthCare Hospice franchise cost?

Are you wondering how much is a Interim HealthCare Hospice franchise? Before starting a Interim HealthCare Hospice franchise, it is important to know the franchise fee, working capital and other costs required to start the business.

The minimum investment amount required to open a Interim HealthCare Hospice franchise is $386,250 and can go all the way up to $472,000. Keep in mind, you should also allocate additional funds to live off of while the Interim HealthCare Hospice business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 Interim HealthCare Hospice franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Interim HealthCare Hospice business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your Interim HealthCare Hospice franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.

Franchise Net Unit Growth

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Download our guide to compare Interim HealthCare Hospice. Hotels to the Senior Care, Outdoor Healthcare Services industry.

Franchise Data

Year Start of Year Units Opened Units Closed End of Year
2017 5 0 0 5
2018 5 0 0 5
2019 5 0 0 5
2020 5 2 0 7

Additional Details

How much does a Interim HealthCare Hospice franchise owner make?

Interim HealthCare Hospice franchise earnings and revenue can vary significantly from one franchisee to another.
The Interim HealthCare Hospice franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.

Interim HealthCare Hospice unfortunately does not disclose financials on how much Interim HealthCare Hospice franchise owners make. This means they do not disclose sales or earnings for franchisees operating in the U.S.

Every franchisor is required by law to disclose income statements and balance sheets for how the franchisor is performing but not for the franchisee level. Unfortunately, Interim HealthCare Hospice does not make it easy to understand franchisee financial performance. This can be seen as a red flag and it is important to be that much more diligent in your conversations with Interim HealthCare Hospice franchisees. Do note that Interim HealthCare Hospice is not alone as about 40% of franchises do not disclose franchisee financial performance.

At Vetted Biz, we suggest you to speak with 5 to 10 Interim HealthCare Hospice franchisees to understand how much money they are making from their Interim HealthCare Hospice business.

You should also speak to former Interim HealthCare Hospice franchisees to understand why they left the system. Did they sell their Interim HealthCare Hospice at a profit? Were they forced to close their Interim HealthCare Hospice franchise down because it kept losing money?

What is the Interim HealthCare Hospice franchise fee?

Owning a Interim HealthCare Hospice franchise requires 5.25% of all sales royalty fee and a variable marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship. There may be other ongoing fees disclosed in the Interim HealthCare Hospice Franchise Disclosure Document

Keep in mind, there is also an initial Interim HealthCare Hospice franchise fee of $60,000 that is included in the initial investment amount of $386,250 to $472,000. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Interim HealthCare Hospice franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Interim HealthCare Hospice franchise fee of $60,000.

Visit the Interim HealthCare Hospice metrics tab to explore the financials for this business, royalty and marketing fees compare to other Healthcare Services franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was Interim HealthCare Hospice founded?

Interim HealthCare Hospice started offering franchises in 1968. Interim HealthCare Hospice was founded 55 years ago in 1967.

At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many Interim HealthCare Hospice locations are in the U.S.?

As of 2021, there were 7 locations across the U.S. There are also 0 corporate locations. Most Healthcare Services franchises like Interim HealthCare Hospice have more franchised locations than corporate locations.

How many Interim HealthCare Hospice franchises opened over the past few years?

Over the prior 3 years we have data for, Interim HealthCare Hospice has opened 2 outlets throughout the U.S. Visit the Interim HealthCare Hospice metrics tab to explore how the openings compare to other Healthcare Services franchises.

How many Interim HealthCare Hospice franchises closed over the past few years?

Over the prior 3 years we have data for, Interim HealthCare Hospice has closed 0 outlets throughout the U.S

Visit the Interim HealthCare Hospice metrics tab to explore how the openings compare to other Healthcare Services franchises.

Is Interim HealthCare Hospice growing? Are they opening more locations than they are closing?

The net unit growth rate for Interim HealthCare Hospice over the past 3 years is 40%. Over the last year we have data for, Interim HealthCare Hospice had a net unit growth rate of 40%.

Without a comparison, this number doesn’t mean much. Compare how the Interim HealthCare Hospice growth rate compares to 2,000+ other franchises and Industry franchises like Interim HealthCare Hospice. More info in the Interim HealthCare Hospice metrics tab.

Is Interim HealthCare Hospice franchise eligible for an SBA Loan?

Interim HealthCare Hospice is not eligible for SBA loans including the 7(a) loan last time we checked.

Interim HealthCare Hospice franchise does not have a SBA Franchise ID and was not in the SBA Franchise Directory. The SBA Franchise Directory will only include business models like Interim HealthCare Hospice that are reviewed and found eligible under SBA’s affiliation rules and other eligibility criteria.

To find out more about the SBA loan program for franchising click here.

Is Interim HealthCare Hospice a franchise in the United States?

According to the SBA, Interim HealthCare Hospice does not meet the Federal Trade Commission (FTC) definition of a franchise.

Many popular brands like Starbucks and Topgolf are not franchises in the U.S. but franchise outside of the United States. Be sure the franchisor provides you with an updated Franchise Disclosure Document as this is one of the key indicators that the business opportunity is truly a franchise in the U.S.

The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items of about the franchise, its officers, and other franchisees. Be sure that Interim HealthCare Hospice provides you with an FDD if you are in discussion to buy a Interim HealthCare Hospice

What is the Interim HealthCare Hospice Franchise for Sale Rate?

The Interim HealthCare Hospice systemwide health and franchisee satisfaction can be measured by the Interim HealthCare Hospicefranchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

Interim HealthCare Hospice franchise for sale rate over the past 3 years is 0%. Over the last year we have data for, Interim HealthCare Hospice had a franchise for sale rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Interim HealthCare Hospice franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Interim HealthCare Hospice. More info in the Interim HealthCare Hospice metrics tab.

What is the Interim HealthCare Hospice Franchise Failure Rate?

Interim HealthCare Hospice franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!

Interim HealthCare Hospice failure rate over the past 3 years is 0%. Over the last year we have data for, Interim HealthCare Hospice had a franchise failure rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Interim HealthCare Hospice franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Interim HealthCare Hospice. More info in the Interim HealthCare Hospice metrics tab.

How can I find out more details on Interim HealthCare Hospice franchise?

Visit the Interim HealthCare Hospice metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today today for exclusive access on this franchise opportunity!

Investment Midpoint

The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document

Interim HealthCare Hospice

$429,125

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

Interim HealthCare Hospice

5.25% of all sales

Industry median

All franchises median

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Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

Interim HealthCare Hospice

$60,000

Industry median

All franchises median

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Item 19 – Financial Performance Representations

Historical financial performance representations

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Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

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General

Industry

Healthcare Services

Category

Senior Care

SBA Identifier

Year of Founding

1967

Fees

Marketing Fee

NA

Royalty Fee

5.25% of all sales

Franchise Fee

$60,000-$60,000

Investment Range

$386K-$472K

Location units

Total U.S. Locations

7

U.S. Franchised Units

7

U.S. Corporate Units

0

Headquarters (City)

Sunrise

Other

Item 19 - Franchise Financials

No

Financing Availability

-

Started Offering Franchises

1968

Issuance of FDD Data

12/15/2021

Detailed Franchise metrics for Interim HealthCare Hospice

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for Interim HealthCare Hospice below. “N/A" or Not Applicable results mean that there is not enough data available to compute a precise rate or that the result is not mathematically computable. When results are not mathematically computable, you should pay attention to the absolute values (#) instead of the percentage rate itself.

Growth Rate

The percentage change of total franchise units from one year to the next by franchisor.

 

1 year

3 years

Interim HealthCare Hospice

40%

40%

Industry median

All franchises median

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Franchise for Sale Rate

The percentage of units transferred to new franchisees and reacquired by franchisor.

 

1 year

3 years

Interim HealthCare Hospice

0%

Industry median

All franchises median

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Net Unit Growth (most recent year)

Net Unit Growth (3 years)

Failure Rate

Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.

 

1 year

3 years

Interim HealthCare Hospice

0%

Industry median

All franchises median

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Business details

Company Name

http://www.interimhealthcare.com/

Business email

**********@******.com

Mailing address

1551 Sawgrass Corporate Parkway Suite 230

State headquarters

Florida

Owner Name

Interim HealthCare Hospice

Phone

+1 (000) 0********00

City

Sunrise

Zip code

33323
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