How much does a FirstLight home care franchise cost?
A rewarding investment in people and care
If you're considering our home care franchise, you're likely wondering about the investment involved. FirstLight® Home Care franchise offers a rewarding opportunity for compassionate entrepreneurs.
Why? We're focused on people and providing superior senior care and other in-home care services through a Culture of Care at a low investment cost. It's also based on one of the top customer service models in the world. We welcome franchise owners from all walks of life to benefit from that model.
Check out our numbers below to explore the cost of a FirstLight franchise:
Investment information for FirstLight
We know that embarking on a new business venture can feel daunting, but we're here to guide you every step of the way. Our low-cost business model is designed to set you up for success from day one.
Here's what you need to know on Costs**:
- Total Investment: $126,825 - $218,820
- Franchise Fee: $50,000 (included in the total investment)
- Royalty Fee: 5% (on collected revenues versus gross revenues or sales)
Our franchise fee is a one-time investment that opens the door to a world of opportunities. It's not just a cost. It's a way to tap into your passion for making a difference in people's lives while creating a successful, fulfilling business. **Please see items 6 & 7 of our current Franchise Disclosure Document (FDD) for additional information.
A fair royalty structure
We believe in your success, which is why our royalty structure is designed with your growth in mind. At a consistent 5% of collected revenues, not gross sales, we ensure that you only pay for the money you've actually received. This approach allows you to manage your cash flow more effectively and confidently reinvest in your business.
Qualifiers for opening a FirstLight location
To join our growing family of franchise owners, you first need to meet certain criteria, including a net worth of $250,000 and a liquidity requirement of $150,000. You can also explore our ideal candidate profile to see if you're the right fit for our home care franchise family.
How much does it cost?**
Estimated numbers
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$126,825-218,820
Total estimated investment**
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$50,000
Franchise fee** (included in the total investment). Veterans receive a $7500 discount.
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5%
Royalty** (on collected revenue versus gross revenues or sales)
Your Initial Estimated Investment**
| Type of Expenditures | Low | High |
|---|---|---|
| Initial Franchise Fee | $50,000 | $50,000 |
| Travel and Training Expenses | $2,050 | $3,550 |
| Business Premises | $0 | $3,300 |
| Start-Up Supplies and Inventory | $300 | $900 |
| Employment Screening | $275 | $360 |
| Equipment, Signage and Graphics | $250 | $2,450 |
| Marketing, Advertising and Promotions | $4,500 | $4,500 |
| Grand Opening Marketing | $10,000 | $10,000 |
| Other Paid Expenses | $5,300 | $7,600 |
| Business Permits, Licenses and Fees | $0 | $5,000 |
| Insurance | $7,500 | $18,000 |
| Computer Equipment | $2,500 | $4,000 |
| Additional Funds: 3 to 6 Months | $38,000 | $85,000 |
| Total | $125,675 | $199,660 |
**Please see Item 7 of the most current Franchise Disclosure Document for additional information.
What do you get with your home care franchise investment?
The FirstLight franchise cost includes a comprehensive package of training, marketing, and ongoing support to help you get started and deliver the best possible care to your community. See all that comes with the initial investment in the table below.
Take the next step with FirstLight home care
At FirstLight Home Care, we invest in our people and communities. Our franchise opportunity allows you to make a meaningful difference while building a rewarding career, all with the support and expertise of an industry leader. Take the first step towards a brighter future for yourself and those you'll serve – explore becoming a FirstLight franchisee today!
