Interim HealthCare Incorporation has ranked in the top 200 franchises globally for two decades
Franchising as a business model is widespread in the U.S., and one of the best ways to start a successful business is to buy a franchise.
Interim Healthcare, founded in 1966, is one of the country’s top franchises in the healthcare industry. It gives business owners access to a wide range of options, including senior care, healthcare, and home care staffing — all with a trusted track record for success.
Fransmart is the leading franchise development company for emerging brand and offers this guide providing detailed information mentioned in the Interim Healthcare FDD. We also have multiple start-up guides to affordable franchises available for sale in 2022 and on various factors affecting the franchising decisions including the differences between franchisees and corporations, and a detailed guide on becoming a franchise owner.
Highlights:
- Interim Healthcare is part of Caring Brands International, which also includes Bluebird Care and Just Better Care. These three healthcare companies have more than 575 locations in eight countries and are global services providers.
- The corporation has more than 3,000 franchises spread across 43 states in the US.
- The company operates at a more than $1 billion market cap annually.
- The franchisee’s employees provide 25 million hours of home care services to more than 200,000 people annually.
Franchise Cost
Interim HealthCare has a franchise fee of up to $50,000, with a total initial investment range of $128,500 to $201,500.
- Working Capital: $51,850 to $103,500
- Royalty Fee: 5.5%
The initial cost of a franchise includes several other fees. Let us look at different franchising costs and expenses to buy a new Interim HealthCare franchise.
| Name of Fee | Low | High |
| Initial Franchise Fee | $50,000 | $50,000 |
| Real Property | $1,000 | $2,500 |
| Leasehold Improvements, Furniture and Fixtures | $4,000 | $10,000 |
| Equipment | $2,500 | $3,500 |
| Opening Advertising | $3,000 | $4,500 |
| Vehicle Wrap Marketing Program | $5,000 | $6,000 |
| Training Expenses | $1,500 | $2,500 |
| Start-Up Supplies | $1,000 | $1,500 |
| Insurance | $5,000 | $6,000 |
| Utility Deposits | $150 | $500 |
| Professional Fees | $1,500 | $5,000 |
| Business License | $1,000 | $4,000 |
| Regulatory Fees | $1,000 | $2,000 |
| Additional Funds – 6 Months | $51,850 | $103,500 |
| ESTIMATED TOTAL | $128,500 | $201,500 |
What existing Franchise Owners says About Interim HealthCare?
“Highly Sensitive Industry to Work in”
“Interim Healthcare has built an excellent reputation and name, but spending a hefty amount of money all at once can be a little risky.”
“Finding qualified CNAs is a significant factor in a successful career in the medical field. With so many home care companies like Amedisys Home Health and Hospice Care, CareSouth Health System, and Visiting Nurse Service of New York, profitability can be challenging to sustain.”
Franchise Models Available
The company has various franchises available for sale. Interim Healthcare provides two types of franchises: home care and hospice.
- Home Care Franchise: This type of franchise at Interim HealthCare provides a whole experience for an owner with the satisfaction of giving full-spectrum care services to seniors.
- Hospice Franchise: With this type of franchise, you become an owner with a licensed and certified hospice franchise and incorporate it into the full-spectrum healthcare franchise.
How to Buy an Interim HealthCare Franchise
To own a franchise, you will need at least $150,000 liquid capital and have a minimum net worth of $450,000. The total cost of the franchise will be $380,000 to $465,000. There is also an option of financing from a 3rd party and a veteran’s discount of 15% on the initial fee.
Along with the investment required, there is a 10 step process you need to buy an Interim HealthCare Franchise. With Fransmart as your franchising consultant, you can get more information on how franchising works, how to get the right location for your franchise, and how to become the franchise owner.
Advantages and Disadvantages of Buying Interim HealthCare Franchise
Every franchise has various advantages and disadvantages, that are important to explore before committing to the investment of your time and money.
Advantages of Interim Healthcare Franchise
- Affordable investment options with multi-unit expansion potential
- Open to opportunities for diversified services that can be mixed to build additional cash flow for your business
- Comprehensive training
- In- depth expertise in non-medical, medical, hospice, and healthcare staffing which helps you in every area you provide your services
Disadvantages of Interim Healthcare Franchise
- High start-up costs
- Lengthy training process
- Long timeline from initial interest to grand opening
- Challenging industry
Is Buying Interim HealthCare Franchise a Good Decision?
After two years of a global pandemic, the healthcare industry is in difficult shape. Many skillful workers burned out and changed careers, making staffing your Interim Healthcare a definite concern. For many investors, choosing a less regulated and hard-hit industry could be a better business move.
Fransmart offers a portfolio of emerging brands with low start-up costs and a long runway to build wealth. Some of our top brands include:
- RISE SOUTHERN BISCUITS & RIGHTEOUS CHICKEN
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- CURRY UP NOW
- IKE’S LOVE & SANDWICHES
- JARS BY FABIO VIVIANI
- PAYMORE
- SLAPFISH
- THE HALAL GUYS
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- DUFFS CAKE MIX
Conclusion
Investing in the healthcare industry under current market conditions is challenging. For prospective franchisees there are other industries and brands that could lead to better ROI than Interim Healthcare. If you’re ready to explore what franchise is truly the right fit for you and your goals, contact Fransmart today.