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Touching Hearts at Home Franchise ProfileHealthcare & Senior Care > Home Healthcare |
How Much Does It Cost to Open a Touching Hearts at Home Franchise?
Starting a Touching Hearts at Home franchise requires a relatively low initial investment compared to many other home care opportunities. The total investment ranges from $63,885 to $147,200, which includes an initial franchise fee of $49,500. Prospective franchisees should be prepared to meet financial requirements, including a minimum net worth of $250,000 and at least $50,000 in liquid cash. Once operational, owners pay a royalty fee of 6% of gross sales, though notably, there is currently a 0% marketing fee reported, allowing more capital to remain within the local business for growth.
What Can You Expect from the Performance of a Touching Hearts at Home Franchise?
Financial data for the brand shows a significant range in performance across its network of 68 franchised units. While the median annual revenue per unit is $250,000, the system has seen top-performing locations reach as high as $935,595 in annual revenue. It is important for potential owners to plan for the long term, as the estimated breakeven time and investment payback period is approximately 31 months. This timeline reflects the nature of the senior care industry, where building a reputation and a consistent client base is key to reaching profitability.
Why Should You Consider Joining the Touching Hearts at Home Network?
Touching Hearts at Home offers a business model focused on providing non-medical home care services to seniors and people with disabilities, a sector with high demand due to an aging population. The franchise system has maintained a stable footprint, with 68 franchised locations operating as of 2023. Interestingly, the company does not operate any corporate-owned units, meaning the corporate team is entirely focused on supporting and developing their franchise partners rather than competing with them. This structure ensures that the primary goal of the franchisor is the success and growth of the individual franchisee.
Is a Touching Hearts at Home Franchise the Right Opportunity for You?
If you are looking for a business that combines professional growth with a meaningful mission to help others, this franchise may be the right move. Success in this field requires strong people skills and a dedication to high-quality care. With a stable network of nearly 70 units and a proven model that has been refined over several years, the brand provides a framework for entrepreneurs to enter the healthcare services market without needing a medical background. Before signing, you should evaluate the 31-month payback period and ensure you have the financial runway to support the business through its initial growth phase.
Touching Hearts at Home Franchise Financial Requirements
Below, you’ll find an overview of the initial investment needed to launch the business, along with the ongoing fees required by the franchisor to maintain operations over time.
The minimum total assets (minus liabilities) you must possess.
Net Worth Required:
The estimated period to recoup your total investment.
Investment Payback:
The initial fee paid to join the franchise system.
Franchise Fee:
Ongoing percentage of revenue paid to the franchisor.
Royalty Fee:
Regular contribution toward the franchise’s advertising fund.
Marketing Fee:
The estimated timeframe to recover your initial costs.
Breakeven Time:
The total amount required to launch the franchise.
Initial Investment:
The minimum liquid capital you must have on hand.
Cash Required:
The typical yearly revenue generated per franchise location.
Average Revenue:
The middle value of yearly revenue among franchise locations.
Median Revenue:
The largest reported annual revenue among franchisees.
Highest Revenue:
The smallest reported annual revenue among franchisees.
Lowest Revenue:
A broad sector defining similar types of franchise businesses.
Industry:
A more specific division within the broader industry.
Category:
The key individuals guiding the franchise’s strategy and growth.
Leadership:
The official business address of the franchisor’s headquarters.
Corporate Address:
Available financing options to help start the franchise.
Funding Year:
The main organization that owns the franchise brand.
Parent Company:
Touching Hearts at Home Franchise Unit Growth Summary
A breakdown of corporate, franchised, and total units, with yearly net changes.
Total Units
Franchised Units
Corporate Units
| Units | 2021 | 2022 | 2023 |
|---|---|---|---|
| Total Units | 69 | 68 | 68 |
| Net Change YoY | N/A | -1 | 0 |
| Franchised Units | 69 | 68 | 68 |
| Net Change YoY | N/A | -1 | 0 |
| Corporate Units | 0 | 0 | 0 |
| Net Change YoY | N/A | 0 | 0 |
Investment Requirements
Starting a Touching Hearts at Home franchise requires a total initial investment ranging from $63,885 to $147,200. This includes an initial franchise fee of $49,500. Prospective owners should have a minimum net worth of $250,000 and at least $50,000 in liquid cash to qualify for the opportunity.
Ongoing Fees and Royalties
Franchisees are required to pay a 6% royalty fee on gross sales for new units. Notably, the current marketing fee is 0%, allowing owners to focus their resources on local growth and operational excellence. These fees support the brand's infrastructure and the ongoing support provided by the franchisor.
Network and Unit Growth
Touching Hearts at Home maintains a stable presence in the home care industry with a total of 68 franchised units as of 2023. The brand operates under a pure franchise model, as there are currently 0 corporate-owned units. This structure ensures that the corporate team is fully dedicated to the success and support of its independent franchise partners.
Financial Performance Insights
Based on the latest data, the highest annual revenue achieved by a unit reached $935,595. While performance varies by location, the median annual revenue per unit is recorded at $250,000. These figures provide a benchmark for potential earnings as franchisees scale their non-medical home care services in their respective territories.
Business Model and Stability
The franchise offers a specialized non-medical home care model that has shown consistent unit counts over recent years, maintaining 68 to 69 locations since 2021. This stability reflects a mature system designed to provide companionship and caregiving services to seniors and those with disabilities, meeting a vital need in the healthcare continuum.
Timeline to Profitability
For planning purposes, the estimated breakeven time and investment payback period for a Touching Hearts at Home unit is approximately 31 months. This timeline allows franchisees to establish their reputation in the community, build a reliable caregiver team, and grow their client base to achieve long-term financial sustainability.
Frequently Asked Questions
The total investment ranges from $63,885 to $147,200. This estimate covers the initial franchise fee, startup costs, and essential expenses needed to begin operations.