Right at Home is a home healthcare franchise for senior citizens. They serve the population that wants to remain living in their own home, yet due to disability, illness, or age, they need assistance in order to do so. A Right at Home franchise would offer services such as personal care, skilled nursing, and companionship to their clients. You, the franchisee, would be responsible for training and management of the caregivers that you employ.
Right at Home began franchising in the year 2000. They currently have over 175 franchise units in the United States. The estimated start up costs range from $49,790 to $89,580 depending on location and size. There is a $35,000 initial franchise fee and a ongoing royalty fee of 5% of the net billings. In addition, a marketing fee of 2% of the net billings is also charged to each franchisee. The minimum cash requirement for the new owner is $50,000 with a minimum net worth requirement of $150,000.
With the baby boomer population hitting retirement age, the number of Americans over the age of 65 is expected to increase from roughly 40 million in 2010 to 55 million by the year 2020 and then over 70 million by 2030. This makes the home health businesses very attractive in the years to come as there will not be a shortage of clients.
Right at Home corporate provides training to the new franchisee called the “Right at Home University” as well as ongoing internet based education and training for the caregivers. They also offer exclusive territories and incentive programs designed to help you attract and retain top notch professionals as employees. Right at Home also offers a number of marketing programs to help you capture business in your area and acquire referral sources. Regional meetings and annual conferences also provide ongoing training.