Initial Training Expenses
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As incurred

Assiting Hands Home Care

1. Franchise Snapshot

Why this franchise?
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Franchise Status
Active
Basic Information
Industry
Healthcare
Category
Home & Senior Care
Investment Range
$94,500 - $176,400
Total US Locations
190
Franchise Units
185
Founding Year
2006
Started Offering Franchises
2006
Management Capacity
Owner Operator
Job Count
3-5
Prior E2 Investors?
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Prior Visa Franchise Clients?
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Royalty Fee
5%
Marketing Fee
1%
Franchise Fee
$55,000
Headquarters (City, State)
Nampa, ID
Square Footage
N/A - N/A
Retail Location?
No
Agreement Term Length
10 Years
Video

In these videos you will learn about the company firsthand. And they will also tell you in a short form about the financing of the enterprise.

2. Franchise Overview

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Overview

The company was founded on the principles of caring for others in a way that they would also want to be cared for which is made evident through their nationwide team of trained professionals who feel called to give care. Providing non-medical in-home healthcare in the privacy of a client's home or Assisted Living Facility, 24 hours a day, 7 days a week is why the clients can confidently rely on Assisting Hands Home Care even if they require overnight care. What do they care for? Aging, illness, or disabilities can put a person in an unexpected state of home care needs which often times can create an urgency for care. They are prepared and ready to step in to offer the care the client or they loved ones would want. Their certified, bonded, and insured caregivers have the compassion and skills necessary to help overcome the challenges the client may be facing.

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Management team / founders

"One of the founders of Assisting Hands Home Care is Dr. Gail Silverstein, who has more than 25 years of experience coordinating and leading health care programs in both the public and private sector. It was Gail’s understanding of the health care industry, along with the personal experience of trying to find assistance for her father at home, that led her to realize there was a serious gap in services. She joined with Cline Waddell of Boise, Idaho to establish Assisting Hands Home Care. Together Gail and Cline launched Assisting Hands to provide a better alternative for the elderly, disabled and others needing a little extra support and assistance to stay home! Today, the Assisting Hands family of franchise owners serve their communities and care for others in locations spread throughout the United States. "

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Focus of owner for daily business operations

As a Assisting Hands operator, the main facets of the business entail: 1. Establishing and building upon relationships with referral networks within the community; 2. Recruiting and hiring of competent homecare workers; 3. Supervising and ensuring homecare workers are trained.

3. Performance & Metrics

Franchisor Fees | Item 6
Franchise Value
Industry Median
All Franchises Median
Royalty Fee
5%
6%
6%
Marketing Fee
Franchise Fee
$55,000
Total Investment Cost | Item 7
Type of Expenditure
Low Amount
High Amount
When due
Initial Franchise Fee
$8,401
$8,567
Lump sum
Security Deposits
$8,401
$8,567
As incurred
Insurance
$8,401
$8,567
As incurred
Insurance
$8,401
$8,567
As incurred
Leasehold Improvements
$8,401
$8,567
As incurred
Signage
$8,401
$8,567
As incurred
Furnishings
$8,401
$8,567
As incurred
Computer System and Scheduling Hardware and Software
$8,401
$8,567
As incurred
Business Licenses and Permits
$8,401
$8,401
As incurred
Licensing and Credentialing
$8,401
$8,567
As incurred
Professional Fees
$8,401
$8,567
As incurred
Convention Fee
$8,401
$8,567
As incurred
Recruiting Expense
$8,401
$8,567
As incurred
Advertising, Marketing and Promotion
$8,401
$8,567
As incurred
Additional Funds– 3 months
$8,401
$8,567
As incurred
TOTAL ESTIMATED INITIAL INVESTMENT
$8,401
$8,567
NA
NA
$8,401
$8,567
NA
NA
$8,401
$8,567
NA
Outlets and Franchisee Information | Item 20
Outlet type
Year
Outlets at the start of the year
Outlets at the end of the year
Net change
2021
+9
142
151
Franchised
2022
151
151
+15
2023
151
185
+15
2021
4
4
+15
Company-Owned
2022
4
5
+1
2023
5
5
0
2021
146
155
+9
2022
155
175
+20
2023
175
190
+15
Total Outlets
-
-
-
-
-
-
-
-
Net Unit Growth (Recent year)
Net Unit Growth (Recent year)
Franchise Health Metrics
Franchise Value
Growth Rate
1 year / 3 years
Failure Rate
1 year / 3 years
Franchise for Sale Rate
1 year / 3 years
0
0
0
0
0
0
0
0
Franchise Health Metrics
Franchise Historical Loan Metrics
10 Year Cumulative Charge Offs by $ of Loans
1,45%
10 Year Cumulative Defaults
13,33%
3 Year Predicted Default Rate
5,95%
*Please note the information provided here is sourced from Lumos. We do not guarantee its accuracy or completeness. For verification, please refer to Lumos directly.
Item 19 – Financial Performance Representations
Historical financial performance representations
Franchise Financials
Historical financial performance representations
Litigation & Bankruptcies
% of Franchisees Undergoing Litigation
0
% of Franchisees with Completed Litigation
0
Number of Bankruptcies Disclosed
0
*The litigation information displayed has been reviewed by our Product Development team. Franchises featured on this platform have been thoroughly assessed. However, Visa Franchise strongly recommends consulting with your own legal counsel for further guidance.

4. Our Take

*The litigation information displayed has been reviewed by our Product Development team. Franchises featured on this platform have been thoroughly assessed. However, Visa Franchise strongly recommends consulting with your own legal counsel for further guidance.