ComForCare Home Care logo

ComForCare Home Care Franchise

Audited Financials
Senior CareEst. 2000Troy, MI
www.comforcare.com
Financing Available

Risk Score

Pending analysis

Investment Range

$72,975 - $163,925

Franchise Fee

$29,500

Min Cash Required

$23,500

Total US Locations

248

Business Summary

ComForCare Home Care offers franchises for businesses that provide non-medical personal care services, including companionship, assistance with daily living activities (ADLs and IADLs), and homemaker/chore services to people of all ages so they can age in place. ComForCare Home Care also provides on-site community care. Additionally, once a ComForCare Home Care franchisee achieves certain financial and operational levels, they may seek authorization to provide Private Duty Nursing (PDN) services, which involve hourly, shift-based care performed by Home Health Aides, Licensed Practical Nurses, or Registered Nurses for patients of all ages with long-term complex health conditions (non-Medicare).

Corporate History

ComForCare Franchise Systems, LLC, the franchisor, was organized in Michigan on December 31, 2018. Before that, its immediate predecessor, ComForCare Health Care Holdings, LLC, operated from January 2017 through December 2018. The earliest predecessor, ComForCare Health Care Holdings, Inc., was incorporated in Michigan on July 6, 2000. ComForCare Home Care and its predecessors have offered franchises since 2000 and have consistently focused on providing home care services. The franchised business operates under various names, including ComForCare Home Care and At Your Side Home Care in the Houston, Texas area. ComForCare Home Care is now part of Best Life Brands, LLC, its immediate parent company, which is in turn owned by CFC Holding Company, LLC, a global private equity firm.

Financial Overview

Investment Range

$72,975 - $163,925

Franchise Fee (Low)

$29,500

Franchise Fee (High)

$66,900

Minimum Cash Required

$23,500

Royalty %

5%

Marketing %

1%

Equipment Costs (Low)

$5,300

Equipment Costs (High)

$11,800

Working Capital

$34,500

Audited Financials

Yes

Offers Financing

Yes

Audit Opinion

Unqualified opinion

Financial Health Notes

ComForCare Home Care's financial condition, as presented in its financial statements, raises questions about its ability to provide services and support to its franchisees. The company has reported net losses for the years 2022, 2023, and 2024, with a significant net loss of over $7.6 million in 2023 and over $3 million in 2024. Additionally, ComForCare Home Care has a substantial members' deficit, growing to over $27 million in 2024 from approximately $8 million in 2023. The company's long-term debt increased considerably to over $54 million in 2024.

Financing Details

ComForCare Home Care may finance up to 50% of the Initial Franchise Fee for qualified franchisees purchasing under its Standard Offering. The loan carries a 10% annual interest rate and a repayment term of 60 months. Monthly payments begin no later than six months from the Franchise Agreement's contract date. ComForCare Home Care requires a security interest in the franchise, including all assets, and may also require a spouse's personal guarantee. Franchisees can prepay the note at any time without penalty. In case of default, ComForCare Home Care may declare the entire remaining amount due and pursue collection, including court costs and attorney's fees.

Performance Metrics

Total US Locations

248

Franchised Units

248

Corporate Units

0

Avg Square Footage

400

Franchising Since

2000

Agreement Terms

Initial Term

10 years

Renewal Term

10 years

Renewal Conditions

ComForCare Home Care franchisees can renew their agreement if they provide written notice between 6 and 12 months before the current term ends. They must be in good standing, meaning they are not in default of any agreements with ComForCare Home Care or its affiliates, and are current with all landlords, suppliers, and vendors. Upon renewal, franchisees must sign the then-current franchise agreement, which may have materially different terms and conditions, and pay a renewal fee of $7,500 for a 10-year term or $15,000 for a 15-year term. They may also be required to attend the then-current training program and execute a general release of claims. If a franchisee purchased under the Reduced Initial Fee Program, they cannot switch to the lower Standard Offering royalty rate upon renewal.

Training & Support Program

Franchisor Assistance

ComForCare Home Care provides franchisees with various forms of support and assistance. Before opening, ComForCare Home Care helps define the Protected Territory and offers limited input on office location, size, layout, and key lease terms. It also provides a comprehensive initial training program for up to two people, which includes self-study, e-learning, virtual classes, and in-person sessions at their corporate headquarters. ComForCare Home Care also gives guidelines for setting service prices. After opening, franchisees receive continuous access to the operational Manuals and may be required to attend additional training programs as needed. ComForCare Home Care conducts numerous telephone conversations to discuss operational experiences and address questions. They also provide 32-40 hours of in-territory visits to review operations, provide training, and offer assistance, though this applies to the main office for multi-unit owners. For new owners, bi-weekly "Rise-Up" meetings are held remotely during the first six months to help with business growth and accountability. The franchisor researches and develops new marketing procedures, manages a national advertising fund to which franchisees contribute, and provides guidance for local marketing efforts and caregiver recruiting. Technologically, ComForCare Home Care maintains and updates the mandated Computer System, manages the brand website, and implements information security protocols.

Initial Training Hours

137

Training Location

Corporate headquarters in Troy, Michigan, and also at the franchisee's approved location or remotely via e-learning and virtual classes.

Ongoing Support

After opening, ComForCare Home Care provides franchisees with continuous access to its operational Manuals and may require them to attend additional training programs. Franchisees receive ongoing support through frequent telephone conversations to discuss operational experiences and address questions. ComForCare Home Care also dedicates 32-40 hours of in-territory visits to review operations, provide training, and offer assistance, though this applies to the main office for multi-unit owners. For new owners, bi-weekly "Rise-Up" meetings are held remotely during the first six months to help with business growth and accountability. The franchisor researches and develops new marketing procedures, manages a national advertising fund to which franchisees contribute, and provides guidance for local marketing efforts and caregiver recruiting. Technologically, ComForCare Home Care maintains and updates the mandated Computer System, manages the brand website, and implements information security protocols.

Franchise Requirements

Ideal Candidate Profile

ComForCare Home Care seeks franchisees who are prepared to personally supervise their business full-time, taking active day-to-day responsibility. Candidates should possess a good moral character, business reputation, and credit rating, along with the aptitude and ability to operate a home care business. While specific prior industry experience is not a stated requirement for new franchisees, qualities such as educational, managerial, and general business standards are evaluated, and prior related business experience may be considered. Franchisees must also have adequate financial resources and capital to establish and operate the business. They are expected to employ key administrative, marketing, and caregiver recruiting staff, including a part-time nurse for clinical oversight.

Industry Experience Required

No

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

3

Territory Size Requirements

ComForCare Home Care defines its territories as specific geographic areas, referred to as "Protected Territories," based on U.S. Postal Service ZIP codes. Each territory must contain a population of between 25,000 and 35,000 people aged 65 or older. The franchisor uses a mapping application to determine population statistics, which are updated every six months, and housing unit/facility statistics, updated annually.

Staffing Notes

ComForCare Home Care requires that for a single franchised business, the owner must supervise full-time. Additionally, the franchisee must employ at least one other administrative or marketing employee on a full-time basis (35 hours per week). A dedicated caregiver recruiter is required on a part-time basis initially, becoming full-time once the business achieves 500 bi-weekly billable hours. A nurse is also required on a part-time contingent basis for clinical oversight, caregiver training, client assessments, supervisory visits, and maintaining physician orders. For franchisees awarded two businesses, additional full-time key management and a full-time dedicated caregiver recruiter are required prior to opening the second unit. For any additional businesses, one more full-time key management employee is needed per unit. All territories purchased must maintain full-time marketing and sales coverage. Franchisees must maintain regular services at least 8 hours a day, 5 days a week, with emergency services available 24/7. All personnel must be certified and/or licensed as required. Some states may also require a person with healthcare experience to manage daily operations or supervise clients and caregivers.