Home Helpers Home Care logo

Home Helpers Home Care Franchise

Audited Financials
Senior CareEst. 1997Blue Ash, OH
www.HomeHelpersHomeCare.com

Risk Score

Pending analysis

Investment Range

$114,250 - $162,500

Franchise Fee

$24,950

Min Cash Required

$43,000

Total US Locations

344

Business Summary

A Home Helpers Home Care franchise provides senior care and home care services, along with medical alert, medication management, telehealth, and related monitoring products and services. Franchisees offer non-medical services like light housekeeping, meal preparation, errands, companionship, and personal care. With approval, they can also offer skilled care services, also known as home health care. These services are primarily aimed at the elderly, individuals recovering from injuries or illnesses, those facing life-long challenges, and expectant and new mothers. Home Helpers Home Care also integrates technology solutions under the DIRECT LINK® brand.

Corporate History

H.H. Franchising Systems, Inc., which operates under the trade names Home Helpers and Home Helpers Home Care, was incorporated in Ohio on May 30, 1997. The company was founded to sell and support non-medical personal care service franchises and later expanded to include skilled care services. Home Helpers Home Care has offered franchises since August 1997. From 2004 to 2016, the company also offered Direct Link franchises, which provided personal emergency response systems and other monitoring services, but this offering was later merged into the Home Helpers Home Care franchise. The company is owned by Home Helpers Holding Company and ultimately by RiverGlade Capital, L.P. and its affiliates.

Financial Overview

Investment Range

$114,250 - $162,500

Franchise Fee (Low)

$24,950

Franchise Fee (High)

$51,900

Minimum Cash Required

$43,000

Royalty %

6%

Marketing %

2%

Equipment Costs (Low)

$3,000

Equipment Costs (High)

$6,000

Working Capital

$54,000

Audited Financials

Yes

Offers Financing

No

Audit Opinion

Unqualified opinion

Financial Health Notes

Home Helpers Holdings, Inc. and its subsidiaries received an unqualified audit opinion for its consolidated financial statements for the years ended December 31, 2024, 2023, and 2022. The auditor's report included an emphasis of matter regarding certain errors discovered during the 2023 audit, which resulted in a restatement of the 2022 consolidated financial statements. These corrections impacted goodwill, amortization, deferred tax liability, and net loss. Management has stated that it expects to realize the full benefits of its deferred tax assets and has not recorded a valuation allowance, indicating no current going concern issues.

Financing Details

Home Helpers Home Care does not offer any direct or indirect financing options to its franchisees. Additionally, the franchisor does not guarantee any notes, leases, or other financial obligations for franchisees.

Performance Metrics

Total US Locations

344

Franchised Units

344

Corporate Units

0

Franchising Since

1997

Agreement Terms

Initial Term

10 years

Renewal Term

10 years

Renewal Conditions

To renew their Home Helpers Home Care franchise, franchisees must notify the franchisor in writing 6 to 12 months before their agreement expires. They must be in good standing, having substantially complied with all terms of their agreements, and met the performance standard for the 12 months prior to renewal notice. Franchisees must also meet the franchisor's current qualification standards, have a good business reputation and credit rating, and possess adequate financial resources. They are required to sign the then-current franchise agreement, which may have different terms, including potentially higher royalty and branding fees, and sign a general release (if permitted by law). Additionally, franchisees must pay a renewal fee and comply with any new training requirements.

Training & Support Program

Franchisor Assistance

Before opening, Home Helpers Home Care assists franchisees by approving their territory boundaries, providing specifications and supplier lists for equipment and supplies, and offering access to digital advertising, layouts, and templates. The franchisor designates a uniform URL for each franchise, provides a digital operations manual, and offers forms for ordering supplies. It also designates vendors for round-the-clock monitoring services and Direct Link equipment. Initial training is provided for up to two people. During operation, Home Helpers Home Care provides ongoing assistance through telephone, email, office visits, and web-based programs as deemed necessary. It continues to make monitoring services and Direct Link equipment available through designated vendors and provides other materials, information, and assistance as needed. The franchisor also administers a Branding Fund for national advertising and provides pre-approved advertising materials and digital marketing services.

Initial Training Hours

36.4

Training Location

Hybrid (Online/Your Home and Blue Ash, Ohio)

Ongoing Support

After opening, Home Helpers Home Care provides ongoing support through telephone, email, office visits, and web-based programs as deemed necessary by the franchisor. It continues to make round-the-clock monitoring services and adequate supplies of Direct Link equipment available through designated vendors. Franchisees are required to attend at least one national conference every two years and may be subject to regional meetings, with all travel and lodging expenses being the franchisee's responsibility. The franchisor also maintains websites to promote franchisee services, including individual contact information. A Branding Fund is administered for advertising, promotion, and marketing, and franchisees are required to spend at least $750 monthly on digital marketing services with a designated supplier, with the franchisor providing access to digital advertisements and layouts.

Franchise Requirements

Ideal Candidate Profile

Home Helpers Home Care seeks individuals with strong managerial and business acumen, a good moral character, business reputation, and credit rating. Ideal candidates should demonstrate an aptitude for conducting a home care business, potentially evidenced by prior related business experience. Home Helpers Home Care is also open to existing independent senior or home care business owners who wish to convert their operations. The franchisee must designate an individual (who must be the franchisee or hold at least a 20% ownership interest in the franchisee entity and be a top executive) to be responsible for the general oversight and full-time, hands-on management of the franchised business, completing all mandatory training and dedicating all their energy to the business without other employment. This designated individual will have decision-making authority over all aspects of the business.

Industry Experience Required

No

Management Experience Required

No

Sales Experience Required

No

Technical Skills Required

No

Operational Details

Location Type

Hybrid

Owner Participation

full-time

Territory Type

limited

Territory Size Requirements

Home Helpers Home Care territories are defined by specific postal ZIP Codes using the franchisor's mapping system. For the base initial franchise fee, a territory will contain a population of up to 250,000 people. If a franchisee desires a larger territory with a population exceeding 250,000, they must pay an additional fee of $500 for every 1,000 people (or part thereof) over the 250,000 baseline. There is no specified maximum limit on the population for a territory, and population figures are determined using extrapolated census data, demographic data, and business mapping software. Franchisees are allowed to operate from more than one location with prior written approval from Home Helpers Home Care.

Staffing Notes

Home Helpers Home Care requires the franchised business to be directly supervised 'on-premises' by a 'Designated Individual.' This individual must be the franchisee themselves or hold at least a 20% ownership interest if the franchisee is an entity, acting as the chief executive officer or manager. The Designated Individual must devote full-time efforts to managing and operating the business and cannot hold other employment after the business opens. All caregivers providing services must be employees of the franchised business, not independent contractors. Home Helpers Home Care franchisees are responsible for hiring, training, supervising, compensating, and disciplining all their employees, and for establishing all employment policies and maintaining records. While Home Helpers Home Care provides guidance and training materials, the franchisee retains full responsibility for employee training. If the franchisee offers skilled care services, a Director of Clinical Services is also required. Franchisees must ensure a business telephone line is answered by an employee or approved answering service at all times.