The Benefits of Comfort Keepers' In-Home Care Services:
How Much Money Can I Make as a Comfort Keepers Franchisee?
The financial performance of your business will depend on a variety of different factors. The net profits of each franchise vary depending upon such things as the rates you can charge in your market, labour costs, competition and general economic conditions. As part of the Comfort Keepers review process, we will provide you with the tools to do a competitive market study of your specific market and to put together your projections based on the realities of the territory you are considering. We will also share the financial performance of our existing franchisees to assist you in your forecasting. Ultimately the financial results you achieve will be dependent upon your efforts and ability to implement our proven business model.
Is The Market For Senior Care Services Going To Continue To Grow?
Yes! The in-home senior care service industry is expected to experience significant growth. In 2011 there were an estimated 5 million adults age 65+ in Canada. This population is expected to double in the next 25 years to reach 10.4 million by 2036. This increase in the senior population is due to several factors. The huge Baby Boomer generation is starting to reach this age category. In addition, medical technology is increasing the average life expectancy of the nation’s population. The current life expectancy age of 75.9 years could reach as high as 89.4 years over the next several decades. The need for senior care is only going to continue to escalate.
What Personal Characteristics are Important for a Franchisee?
Because running your own senior care business is hard work, there are common characteristics of a successful franchisee.
- Must be a self-starter and understand the importance of having a sales focus to create your own success each day
- Passionate about providing quality in-home care
- Able and willing to follow a proven system and not recreate the wheel
- Capable of simultaneously managing both internal and external business priorities
- Effective and efficient in managing time and setting priorities
Are Comfort Keepers Franchise Territories Protected?
Yes, each franchisee is granted their own postal codes-based territory which tries to capture natural communities.
Are Territories available in my area?
One of our Franchise Development Consultants will be glad to discuss availability with you.
Do You Provide Local Field-Level Support?
We have a Business Coach in the field who works with our franchisees providing on-going operational support and guidance. We also have additional resources that support franchisees in taking their home care businesses to “the next level.”
What Kind Of Training Is Provided?
Soon after signing your franchise agreement, you will be assigned a new Business Coach. In addition, you will complete a comprehensive training program at our corporate office, followed by weekly business coaching calls. On-going training includes webinars, computer-based training sessions, a series of on-going training sessions at the Comfort Keepers business support center, and more. There is also national and international conferences with training sessions and networking events.
What Investment Is Required To Start A Comfort Keepers Franchise?
The initial franchise fee is $49,500, with anticipated start-up costs (including the initial franchise fee and working capital requirements) bringing your total investment to approximately $113,500 to $154,300.
What Are The Steps In The Process?
We strive to make the franchising process as easy and smooth as possible. To learn about our step-by-step approach, simply refer to this easy-to-follow guide. Click Here >>
Simply complete this form and a Comfort Keepers franchise development representative will contact you.