Talem Home Care Franchise
Audited FinancialsRisk Score
Pending analysis
Investment Range
$51,725 - $250,475
Franchise Fee
$19,250
Total US Locations
8
Business Summary
Talem Home Care operates an in-home care business that provides individuals with non-medical home care services, including personal care, companion care, and daily living assistance. It also offers senior living placement services and other related products. The franchise offers three distinct models: a combined Home Care + Senior Placement Services, a Home Care Only model, or a Senior Placement Services Only model.
Corporate History
Talem Home Care Franchising, LLC was established on June 12, 2015, as a Colorado limited liability company. The company's primary business is operating the Talem Home Care franchise system and granting franchises. Talem Home Care Franchising, LLC began offering franchises on July 1, 2015.
Financial Overview
Investment Range
$51,725 - $250,475
Franchise Fee (Low)
$19,250
Franchise Fee (High)
$81,500
Royalty %
5%
Marketing %
2%
Equipment Costs (Low)
$500
Equipment Costs (High)
$7,500
Working Capital
$55,000
Audited Financials
Yes
Offers Financing
Yes
Audit Opinion
Unqualified opinion
Financial Health Notes
The FDD's 'Special Risks' section states that Talem Home Care Franchising, LLC's financial condition, as shown in its financial statements, raises questions about its ability to provide services and support to franchisees. However, the independent auditor's report attached to the financial statements presents an unqualified opinion, stating that the financial statements present fairly, in all material respects, the company's financial position for the years ended December 31, 2024 and 2023.
Financing Details
Talem Home Care Franchising, LLC generally does not offer direct financing for the initial franchise fee, except in extraordinary circumstances where a franchisee has applied for third-party funding and requests a postponed payment date. If approved, franchisees must sign a promissory note with repayment periods typically ranging from six months to two years. Overdue balances accrue interest at 18% per annum or the maximum legal rate. Talem Home Care Franchising, LLC does not offer indirect financing or guarantee any notes, leases, or other obligations on behalf of its franchisees.
Performance Metrics
Total US Locations
8
Franchised Units
6
Corporate Units
2
Avg Square Footage
900
Franchising Since
2015
Legal & Compliance Analysis
Recent Litigation
Yes
Bankruptcy
No
Litigation Count
1
Litigation Summary
Talem Home Care Franchising, LLC currently has one pending lawsuit. On March 28, 2025, Talem Home Care Franchising, LLC filed a complaint in the United States District Court for the District of Colorado against Caring Companions, LLC and Elizabeth Vaca-Ranieri. The complaint alleges breach of contractual obligations under the franchise agreement, misappropriation of trade secrets and confidential information, and unfair competition through the launch of a competitive business. Talem Home Care Franchising, LLC sought a temporary restraining order and preliminary injunction. On March 31, 2025, the court denied the temporary restraining order but is still considering the application for a preliminary injunction.
Bankruptcy History
Talem Home Care Franchising, LLC has no bankruptcy history to report.
Agreement Terms
Initial Term
10 years
Renewal Term
10 years
Renewal Conditions
To renew their franchise, Talem Home Care franchisees must be in compliance with the terms of their Franchise Agreement and all ancillary agreements, and provide 180 days prior written notice of their intent to renew. They must also sign the franchisor's then-current Franchise Agreement and related agreements, execute a general release in favor of the franchisor, pay a renewal fee, and remodel and upgrade their business to meet current brand standards. Their owners must also comply with their agreements and personally guarantee the terms of the new renewal agreement, which may have materially different terms. Additionally, they must demonstrate the ability to continue operating the business and maintaining their administrative office in accordance with current standards.
Training & Support Program
Franchisor Assistance
Talem Home Care Franchising, LLC provides pre-opening assistance that includes granting the franchise, approving the operating territory and administrative office site, providing access to confidential operations manuals, and supplying a list of approved suppliers for signs, furniture, fixtures, and other system supplies. It also identifies the franchisee's business on its website and provides initial training to the managing owner and one manager. Post-opening, Talem Home Care Franchising, LLC communicates operating standards, provides marketing standards and approval, designates approved vendors, may coordinate an annual conference, and can offer supplemental on-site or virtual training (for a fee). It also requires continuing education units for managers and may administer brand development funds. Franchisees are responsible for hiring and training their own employees.
Initial Training Hours
249
Training Location
Broomfield, Colorado
Ongoing Support
Talem Home Care Franchising, LLC provides ongoing support through regular communication of operating standards and system requirements, updates on approved services and products, and lists of designated system suppliers and vendors. It establishes and communicates marketing and brand standards, and reviews/approves franchisee marketing materials. The franchisor may also coordinate an annual system conference (which franchisees or their managing owners are required to attend, subject to a fee). Optional supplemental on-site or virtual training is available for a fee if requested or if performance standards are not met. Franchisees and their managing owners/operating managers must also complete annual Continuing Education Unit requirements. The franchisor may also administer system-wide marketing funds. Talem Home Care Franchising, LLC does not assist with employee hiring or training; franchisees are responsible for managing their own staff.
Franchise Requirements
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
Non-Exclusive
Territory Size Requirements
Talem Home Care territories are defined by population. A Primary Operating Territory generally contains approximately 400,000 to 500,000 individuals. Franchisees may add up to three additional Zones to a Primary Operating Territory, with each Zone containing approximately 75,000 individuals. A Small Market Operating Territory consists of a geographic area with a population of less than 400,000 individuals. The franchisor determines these populations based on U.S. Census Bureau data or other publicly available data, without regard to demographics, and these determinations are fixed as of the franchise agreement's effective date.
Staffing Notes
For Home Care + Senior Placement Services or Home Care Only models, Talem Home Care requires the managing owner or a designated employee to serve as the operating manager/branch manager, and one employee (or a second managing owner) to serve as the designated salesperson. For Senior Placement Services Only, the managing owner or a designated operating manager must serve as the designated salesperson and placement consultant. Franchisees must hire and maintain a full-time salesperson for their operating territory. Depending on state requirements, franchisees may also need to employ an administrator or nurse. Talem Home Care Franchising, LLC does not provide assistance with employee hiring or training; franchisees are solely responsible for managing and supervising their employees, and ensuring all services comply with system standards.