Top 100 Franchises
2016
The successful business owner in home healthcare has a bright future. With the impact of the aging baby boomers and improving medical technologies, the demand for home care services in the United States is staggering. Home health care businesses are providing skilled medical, non-medical, or both types of services to cope with a rapidly aging population. FirstLight HomeCare meets this increasing demand with high quality, comprehensive, in-home, non-medical, and personal care services to seniors, new mothers, disabled adults, and others needing assistance. FirstLight HomeCare's values-driven approach includes groundbreaking, industry-leading tools for clients and their families that sets FirstLight apart from the competition.
| Year | Franchised | Change | Company-Owned | Change | Total | Change |
|---|---|---|---|---|---|---|
| 2014 | 102 | 25.93% | 0 | -- | 102 | 25.93% |
| 2013 | 81 | 55.77% | 0 | -- | 81 | 55.77% |
| 2012 | 52 | -- | 0 | -- | 52 | -- |
Investment Required
The initial fee for a FirstLight HomeCare franchise is $39,500. FirstLight HomeCare provides the following range of investments required to open your initial franchise. The range assumes that all items are paid for in cash. To the extent that you choose to finance any of these expense items, your front-end investment could be substantially reduced.
| Item | Established Low Range | Established High Range |
|---|---|---|
| Initial Fee | $39,500 | $39,500 |
| Expenses while Training | $3,025 | $6,050 |
| Business Premises | $0 | $5,400 |
| Start-Up Supplies and Inventory | $300 | $900 |
| Employment Screening | $256 | $384 |
| Equipment, Signage, Graphics | $250 | $2,450 |
| Advertising, Marketing, and Promotions | $4,000 | $6,000 |
| Grand Opening Marketing | $1,500 | $3,000 |
| Other Paid Expenses | $950 | $4,500 |
| Business Permits, Licenses and Fees | $0 | $7,000 |
| Insurance | $3,200 | $5,400 |
| Computer Equipment | $2,200 | $2,900 |
| Additional Funds (3 to 6 months) | $32,000 | $47,975 |
| Total Initial Investment | $87,181 | $131,459 |
Ongoing Expenses
Franchisees are required to pay ongoing royalty fees equal to the greater of 5% of gross revenues or $250 per month for the first 15 months, followed by 5% of gross revenues or the minimum performance standard gross revenue amount thereafter. Other fees include a national advertising fund fee equal to the greater of 1% of gross revenues or $25 per month and an Internet marketing fee of $250 to $450 per month.
What You Get: Training and Support
Franchisees will be enrolled in an initial training program that consists of approximately one to two weeks of classroom training to take place at company headquarters in Cincinnati, OH. Topics covered include administration and business start-up, human resources, technology, marketing, and financial planning. FirstLight HomeCare may also provide opening field support assistance when deemed necessary, continuing advice and consultation, and merchandising and marketing data when available.
Territory
FirstLight HomeCare grants protected territories.
Note: The tables and information regarding the number of operating units, investment required, ongoing expenses, training and territory grants were taken from the company's 2015 FDD.
2015
The successful business owner in home healthcare has a bright future. With the impact of the aging baby boomers and improving medical technologies, the demand for home care services in the United States is staggering. Home health care businesses are providing skilled medical, non-medical, or both types of services to cope with a rapidly aging population. FirstLight HomeCare meets this increasing demand with high quality, comprehensive, in-home, non-medical, and personal care services to seniors, new mothers, disabled adults, and others needing assistance. FirstLight HomeCare's values-driven approach includes groundbreaking, industry-leading tools for clients and their families that sets FirstLight apart from the competition.
| Year | Franchised | Change | Company-Owned | Change | Total | Change |
|---|---|---|---|---|---|---|
| 2013 | 81 | 55.77% | 0 | -- | 81 | 55.77% |
| 2012 | 52 | 67.74% | 0 | -- | 52 | 67.74% |
| 2011 | 31 | -- | 0 | -- | 31 | -- |
Investment Required
The initial fee for a FirstLight HomeCare franchise is $38,000. FirstLight HomeCare provides the following range of investments required to open your initial franchise. The range assumes that all items are paid for in cash. To the extent that you choose to finance any of these expense items, your front-end investment could be substantially reduced.
| Item | Established Low Range | Established High Range |
|---|---|---|
| Initial Fee | $38,000 | $38,000 |
| Expenses while Training | $3,025 | $6,050 |
| Business Premises | $0 | $3,600 |
| Start-Up Supples and Inventory | $300 | $900 |
| Employment Screening | $256 | $384 |
| Equipment, Signage, Graphics | $250 | $2,450 |
| Advertising, Marketing, and Promotions | $3,600 | $4,500 |
| Grand Opening Marketing | $2,500 | $3,000 |
| Other Paid Expenses Expenses | $950 | $4,500 |
| Business Permits, Licenses and Fees | $0 | $10,000 |
| Insurance | $2,200 | $4,400 |
| Computer Equipment | $2,200 | $2,900 |
| Additional Funds (3 to 6 months) | $32,000 | $47,975 |
| Total Initial Investment | $85,281 | $128,659 |
Ongoing Expenses
Franchisees are required to pay ongoing royalty fees equal to the greater of 5% of gross revenues or $250 per month for the first 15 months, followed by 5% of gross revenues or the minimum performance standard gross revenue amount thereafter.
What You Get: Training and Support
Franchisees will be enrolled in an initial training program that consists of approximately one to two weeks of classroom training covering administration and business start-up, human resources, technology, marketing, and financial planning. FirstLight HomeCare may also provide opening field support assistance when deemed necessary, continuing advice and consultation, and merchandising and marketing data when available.
Territory
FirstLight HomeCare grants protected territories.
Note: The tables and information regarding the number of operating units, investment required, ongoing expenses, training and territory grants were taken from the company's 2014 FDD.
2014
The successful business owner in home healthcare has a bright future. With the impact of the aging baby boomers and improving medical technologies, the demand for home care services in the United States is staggering. Home health care businesses are providing skilled medical, non-medical, or both types of services to cope with a rapidly aging population. FirstLight HomeCare meets this increasing demand with high quality, comprehensive, in-home, non-medical, and personal care services to seniors, new mothers, disabled adults, and others needing assistance. FirstLight HomeCare's values-driven approach includes groundbreaking, industry-leading tools for clients and their families that sets FirstLight apart from the competition.
| Year | Franchised | Change | Company-Owned | Change | Total | Change |
|---|---|---|---|---|---|---|
| 2012 | 52 | 67.74% | 0 | -- | 52 | 67.74% |
| 2011 | 31 | 244.44% | 0 | -- | 31 | 244.44% |
| 2010 | 9 | -- | 0 | -- | 9 | -- |
Investment Required
The initial fee for a FirstLight HomeCare franchise is $33,500. FirstLight HomeCare provides the following range of investments required to open your initial franchise. The range assumes that all items are paid for in cash. To the extent that you choose to finance any of these expense items, your front-end investment could be substantially reduced.
| Item | Established Low Range | Established High Range |
|---|---|---|
| Initial Fee | $33,500 | $33,500 |
| Expenses while Training | $1,890 | $3,780 |
| Business Premises | $0 | $3,600 |
| Start-Up Supples and Inventory | $300 | $900 |
| Employment Screening | $256 | $384 |
| Equipment, Signage, Graphics | $250 | $2,450 |
| Advertising, Marketing, and Promotions | $3,600 | $4,500 |
| Grand Opening Marketing | $3,000 | $4,000 |
| Other Paid Expenses Expenses | $950 | $4,500 |
| Business Permits, Licenses and Fees | $0 | $10,000 |
| Insurance | $2,200 | $4,400 |
| Computer Equipment | $2,200 | $2,900 |
| Additional Funds (3 to 6 months) | $22,000 | $24,975 |
| Total Initial Investment | $70,146 | $99,889 |
Ongoing Expenses
Franchisees are required to pay ongoing royalty fees equal to the greater of 5% of gross revenues or $250 per month for the first 15 months, followed by 5% of gross revenues or the minimum performance standard gross revenue amount thereafter.
What You Get: Training and Support
Franchisees will be enrolled in an initial training program that consists of approximately one week of classroom training covering administration and business start-up, human resources, technology, marketing, and financial planning. FirstLigh HomeCare may also provide opening field support assistance when deemed necessary, continuing advice and consultation, and merchandising and marketing data when available.
Territory
FirstLight HomeCare grants protected territories.
Note: The tables and information regarding the number of operating units, investment required, ongoing expenses, training and territory grants were taken from the company's 2013 FDD.
2013
The successful business owner in home healthcare has a bright future. With the impact of the aging baby boomers and improving medical technologies, the demand for home care services in the United States is staggering. Home health care businesses are providing skilled medical, non-medical or both types of services to cope with a rapidly aging population. FirstLight HomeCare meets this increasing demand with high quality, comprehensive, in-home, non-medical and personal care services to seniors, new mothers, disabled adults and others needing assistance. FirstLight HomeCare's values-driven approach includes groundbreaking, industry-leading tools for clients and their families that sets FirstLight apart from the competition.
| Year | Franchised | Change | Company-Owned | Change | Total | Change |
|---|---|---|---|---|---|---|
| 2011 | 31 | 244.44% | 0 | -- | 31 | 244.44% |
| 2010 | 9 | -- | 0 | -- | 9 | -- |
| 2009 | 0 | -- | 0 | -- | 0 | -- |
Investment Required
The initial fee for a FirstLight HomeCare franchise is $30,900. FirstLight HomeCare provides the following range of investments required to open your initial franchise. The range assumes that all items are paid for in cash. To the extent that you choose to finance any of these expense items, your front-end investment could be substantially reduced.
| Item | Established Low Range | Established High Range |
|---|---|---|
| Initial Fee | $30,900 | $30,900 |
| Expenses while Training | $1,890 | $3,780 |
| Business Premises | $0 | $3,600 |
| Organizational Expenses, Supplies, and Printing | $300 | $600 |
| Employment Screening | $240 | $360 |
| Office Furniture and Equipment | $250 | $1,200 |
| Leasehold Improvement Expenses | $0 | $500 |
| Auto Signage/Advertising | $0 | $1,225 |
| Advertising, Marketing, and Promotions | $3,600 | $3,800 |
| Advertising Associated with Opening of Business | $3,000 | $4,000 |
| Utility Security Deposits, Telephone Deposit and Prepaid Expenses | $200 | $300 |
| Business Permits, Licenses and Fees | $0 | $3,200 |
| Insurance | $2,200 | $4,400 |
| Computer System, Printer, and Software License | $2,200 | $2,900 |
| Professional Fees | $750 | $2,000 |
| Additional Funds (3 to 6 months) | $24,000 | $33,000 |
| Total Initial Investment | $69,530 | $95,765 |
Ongoing Expenses
Franchisees are required to pay ongoing royalty fees equal to the greater of 5% of gross revenues or $250 per month for the first 17 months, followed by 5% of gross revenues or the minimum performance standard gross revenue amount thereafter.
What You Get: Training and Support
Franchisees will be enrolled in an initial training program that consists of approximately one week of classroom training covering administration and business start-up, human resources, technology, marketing, and financial planning. FirstLigh HomeCare may also provide opening field support assistance when deemed necessary, continuing advice and consultation, and merchandising and marketing data when available.
Territory
FirstLight HomeCare grants exclusive territories.
Note: The tables and information regarding the number of operating units, investment required, ongoing expenses, training and territory grants were taken from the company's 2012 FDD.
