Boost Home Healthcare logo

Boost Home Healthcare Franchise

Audited Financials
HealthcareEst. 2021Troy, MI
www.BoostHomeHealthcare.com
Financing Available

Risk Score

Pending analysis

Investment Range

$157,650 - $312,750

Franchise Fee

$20,000

Min Cash Required

$50,000

Total US Locations

6

Business Summary

Boost Home Healthcare offers franchises for businesses that provide doctor-ordered intermittent care. This care is delivered by various healthcare professionals, including Home Health Aides, Licensed Practical Nurses, Registered Nurses, Physical Therapists, Occupational Therapists, Speech Language Pathologists, and Medical Social Workers. Boost Home Healthcare serves patients of all ages who have acute and chronic long-term complex health conditions, providing services either in the patient's residence or within healthcare facilities.

Corporate History

Boost Franchise Systems, LLC, a Michigan limited liability company, was organized and began operations on July 14, 2021, also starting to offer franchises from that date. Boost Home Healthcare operates under its own brand and Boost Home Healthcare trademarks. Boost Home Healthcare is part of a larger corporate family; its immediate parent company is Best Life Brands, LLC, which is wholly owned by CFC Holding Company, LLC, a Delaware limited liability company. CFC Holding Company, LLC is majority-owned by TRC CFC, LLC, which is part of The Riverside Company, a global private equity firm. Boost Home Healthcare has several affiliated franchise brands, including Blue Moon, CarePatrol, ComForCare, and Next Day Access, all operating under the common control of Best Life Brands, LLC. Other affiliated brands under The Riverside Company's portfolio include MaidPro, Men In Kilts, Pestmaster, USA Insulation, Granite Garage Floors, Mold Medics, Sir Grout, Miracle Method, Plumbing Paramedics, Bishops, Frenchies Modern Nail Care, Lash Lounge, The Brothers that just do Gutters, Executive Home Care, Assisted Living Locators, Grasons, U.S. Lawns, milliCare, Kitchen Guard, Prism Specialties, and The Seals.

Financial Overview

Investment Range

$157,650 - $312,750

Franchise Fee (Low)

$20,000

Franchise Fee (High)

$150,000

Minimum Cash Required

$50,000

Royalty %

5%

Marketing %

2%

Equipment Costs (Low)

$5,450

Equipment Costs (High)

$13,575

Working Capital

$102,500

Audited Financials

Yes

Offers Financing

Yes

Audit Opinion

Unqualified opinion

Financial Health Notes

Boost Home Healthcare's franchisor, CFC Holding Company, LLC, has faced financial challenges, as indicated in the FDD's Special Risks section, which explicitly states that the franchisor's financial condition "calls into question the Franchisor's financial ability to provide services and support" to franchisees. The consolidated financial statements for CFC Holding Company, LLC reflect a significant and growing Members' Deficit, reaching over $27.4 million in 2024, compared to $8 million in 2023. The company has also reported net losses for the last three fiscal years, including $3.07 million in 2024, $7.64 million in 2023 (which included a substantial loss from discontinued operations), and $2.53 million in 2022. While the company saw an increase in cash in 2024, it experienced decreases in the prior two years. Despite these losses and the deficit, the independent auditor has issued an Unqualified Opinion on the financial statements, indicating they are presented fairly according to generally accepted accounting principles. The auditors did not include a going concern qualification in their report.

Financing Details

Boost Home Healthcare offers direct financing to qualified prospective franchisees for up to 50% of the initial franchise fee, which currently amounts to $30,000. This financing option comes with a 10% annual interest rate and a repayment term of 60 months. The loan's start date is either the franchisee's official opening date or six months from the franchise agreement's contract date, whichever comes first. Franchisees are required to sign a promissory note and make a down payment at the time of signing the franchise agreement, with the remaining balance paid in monthly installments via electronic funds transfer. Boost Home Healthcare also requires a security interest in the franchise's assets and a personal guarantee from the owners and, if applicable, their spouses. In certain situations, Boost Home Healthcare may also finance a portion of any expansion fees for qualified franchisees at the same 10% interest rate. However, Boost Home Healthcare does not guarantee any third-party financing obligations and may refer franchisees to third-party lenders without obligation to provide financing itself.

Performance Metrics

Total US Locations

6

Franchised Units

6

Corporate Units

0

Avg Square Footage

875

Franchising Since

2021

Agreement Terms

Initial Term

10 years

Renewal Term

10 years

Renewal Conditions

To renew their Boost Home Healthcare franchise agreement, franchisees must meet several conditions. They need to provide written notice of their intent to renew between six and twelve months before the current agreement ends. At the time of renewal, franchisees must not be in default of their franchise agreement, any other agreements with Boost Home Healthcare or its affiliates, or any standards in the operational manual. They also need to be current with all obligations to their landlord, vendors, and other business partners. Franchisees are required to sign Boost Home Healthcare's then-current standard franchise agreement and all related documents, which may have materially different terms and conditions, though they won't have to pay the initial franchise fee again. Additionally, Boost Home Healthcare may require franchisees and the franchisor to execute a mutual general release of claims. A renewal fee will be required, which is 10% of the then-current initial franchise fee for a 10-year renewal term. Boost Home Healthcare may also require franchisees to attend any updated training programs.

Training & Support Program

Franchisor Assistance

Boost Home Healthcare provides franchisees with support both before and after their business opens. Before opening, Boost Home Healthcare helps by designating the franchisee's protected territory and offering limited input on office location, including recommendations for size, layout, and lease terms. It also provides requirements for attending the initial training program and delivers the first phase of this training. After opening, Boost Home Healthcare offers continuous assistance. Franchisees gain access to confidential operational manuals and may be required to attend additional training programs. The franchisor conducts numerous telephone conversations to discuss operational experiences and answer questions. It also provides 32-40 hours of virtual or on-site support in the franchisee's main office to review operations, assist, and train, including mock surveys. Boost Home Healthcare also researches and develops new marketing procedures and communicates this information to franchisees. For advertising, Boost Home Healthcare manages a national marketing fund, to which franchisees contribute. The franchisor directs all advertising and promotional programs, with sole discretion over creative concepts, materials, media, and allocation, aiming to maximize brand recognition and benefit the entire system.

Initial Training Hours

149

Training Location

Hybrid (Virtual and On-site at franchisee's location)

Ongoing Support

After opening their Boost Home Healthcare business, franchisees receive continuous support. This includes ongoing access to the confidential operational manuals and additional training programs, which franchisees are required to attend at Boost Home Healthcare's discretion. The franchisor provides ongoing assistance through numerous telephone conversations to discuss operational experiences and address any questions. Franchisees will also receive 32-40 hours of virtual or on-site sessions in their Protected Territory (at the main office, not each territory if multiple) to review operations, assist, and provide further training, including mock surveys. Boost Home Healthcare also dedicates efforts to research and develop new marketing procedures, sharing this information with franchisees. Additionally, franchisees contribute to and benefit from a national marketing fund, which Boost Home Healthcare administers to direct advertising and promotional programs.

Franchise Requirements

Industry Experience Required

Yes

Management Experience Required

Yes

Sales Experience Required

No

Technical Skills Required

No

Operational Details

Location Type

Commercial

Owner Participation

full-time

Territory Type

Protected

Staff Count

5

Territory Size Requirements

Boost Home Healthcare grants franchisees a Protected Territory defined by specific U.S. Postal Service ZIP codes. Each territory is designed to have a minimum total population of 200,000 people, with at least 25,000 residents aged 65 or older. Boost Home Healthcare utilizes the GbBis mapping application and updates population statistics/estimates every six months, based on data from the United States Census Bureau, to determine and manage territory populations.

Staffing Notes

Boost Home Healthcare requires specific staffing for its franchised businesses. For a single unit, the franchisee or an approved manager must personally supervise the business full-time, defined as at least 35 hours per week. Within 45 days of signing the franchise agreement, the franchisee must hire, on a part-time contingent basis, a qualified Home Health Administrator and a qualified Director of Patient Care Services (DPCS), unless the owner or manager fills these roles. Before the state home health care survey (or accreditation survey if no license is required), the franchisee must employ these two roles on a full-time basis. Additionally, for a single unit, the franchisee must hire, on a part-time basis, a marketer, a home health care field staff recruiter, and an administrative assistant. For two franchised businesses, an additional full-time key management employee and a dedicated full-time home health care field staff recruiter are required. For any subsequent additional franchised businesses, one additional full-time key management employee is needed per unit. All locations must maintain full-time marketing and sales coverage after receiving their Medicare number. The business must also provide regular services at least 8 hours a day, 5 days a week, with emergency services available 24 hours a day, 7 days a week. All personnel must be certified and/or licensed as required. State laws may impose further staffing requirements, such as an Alternative Agency Administrator or Medical Director, and may require certain staff to be hired full-time earlier in the process.