Key Takeaways
- The initial investment for a 1Heart Caregiver Services franchise ranges from $88,110 to $127,160 and this includes the $47,500 franchise fee.
- Industry reports indicate the average annual revenue for a home care franchise in the U.S. ranges from $600,000 to $2 million.
- Senior Care Authority offers a more economical entry with lower overhead (initial investment is only between $73,140 to $99,040) and comprehensive support.
1Heart Caregiver Services Senior Care Franchise Overview
1Heart Caregiver Services was established in 2003 by Belina Calderon-Nernberg in Beverly Hills, California, with the mission to provide compassionate home care for seniors. The inspiration behind the franchise came from Calderon-Nernberg’s personal experience caring for her mother.
The primary target market for 1Heart Caregiver Services is seniors who require assistance with daily activities but wish to remain in their own homes. This includes individuals with varying levels of mobility and cognitive function. By offering personalized care plans, 1Heart is able to cater to a wide range of needs.
Besides that, 1Heart also targets family caregivers who need respite care services. This allows primary caregivers to take a break while ensuring their loved ones continue to receive the care they need.
The flexibility and range of services offered by 1Heart make it an appealing choice for many families. Founded with the vision of “caring like family”, 1Heart now has 29 units all over the United States.
| Franchise Attribute | Details |
| Incorporated Name | 1Heart Caregiver Services |
| Corporate Address | 18455 Burbank Blvd., #210, Tarzana, CA 91356 |
| Number of Units | 29 |
| Term of Agreement | 10 years; renewable |
| Canada Franchises | No, but open |
| International Franchises | No, but open on a case-by-case basis |
| Home-Based Franchise | No |
| Absentee Franchise | Yes, 1Heart Caregiver Services is a semi-absentee franchise and allows passive ownership. |
| Item 19 | Available, contact them for more information |
| Master Franchise Opportunity | Yes, the owner can recruit, train, and support franchisees in their territory |
| Senior Care Authority: Leading Senior Care Franchise
Join the award-winning, recession-resistant Senior Care Authority franchise, established in 2009 in Sonoma, California. Our franchise network has earned a place in the Franchise 500 Ranking, reflecting our powerful reputation and reliability. We pride ourselves on achieving outstanding franchisee satisfaction, with 97% of our franchisees recommending our brand. We’re an approved franchise of the Small Business Administration (SBA). As a part of our network, you will deliver essential eldercare consulting services and benefit from a proven business model and a supportive community. |
1Heart Caregiver Services Franchise Initial Investment and Costs
Initial Investment Breakdown
The total initial investment for a 1Heart franchise ranges from $88,110 to $127,160. This includes the franchise fee, initial setup costs, training expenses, and marketing costs. Here’s a detailed breakdown:
| Item | Cost |
| Franchise Fee | $47,500 |
| ClearCare | $360 |
| Real Estate/Rent | $800 – $2,000 |
| Utility Deposits | $0 – $200 |
| Leasehold Improvements | $0 – $1,000 |
| Insurance | $1,000 – $3,000 |
| Office Supplies | $500 – $1,000 |
| Professional and Management Training | $500 – $2,500 |
| Signage | $300 – $1,000 |
| Furniture, Fixtures & Office Equipment | $500 – $2,500 |
| Initial Inventory | $250 – $1,000 |
| Computer Equipment & Software | $1,000 – $3,000 |
| Dues & Subscriptions | $100 – $500 |
| Licenses & Permits | $100 – $5,600 |
| Legal & Accounting | $200 – $1,000 |
| 1st Year Working Capital | $30,000 – $45,000 |
| Additional Funds (3 months) | $5,000 – $10,000 |
| TOTAL | $88,110 – $127,160 |
Franchise Fee
The franchise fee for 1Heart Caregiver Services is $47,500. This fee grants you the right to operate under the 1Heart brand and access their proprietary systems and support. It’s a one-time payment that covers the initial training and ongoing support provided by the franchisor.
Royalty & Ad Fees
1Heart charges a royalty fee of 5% of gross revenue. This fee covers the ongoing support and resources provided by the franchisor, including access to proprietary systems, marketing materials, and continuous training opportunities. Paying royalty fees ensures that you benefit from the established brand reputation and the support structure of 1Heart, which can significantly contribute to your business’s success.
1Heart also requires franchisees to contribute to a 2% marketing fund, which is used for national and regional advertising campaigns.
1Heart Caregiver Services Franchise Profit Margin
The senior care industry typically sees profit margins ranging from 10% to 20%. However, 1Heart Caregiver Services states that the ROI (return on investment) is significantly higher than most franchise businesses.
Factors Affecting Profit Margins
- Market Demand: Areas with a higher population of seniors and fewer competing providers are likely to see higher demand for services, leading to better profit margins.
- Operating Costs: Franchisees need to carefully monitor expenses such as employee salaries, office rent, and supplies to ensure they are not overspending. Implementing cost-saving measures (e.g., reducing manual labor) and negotiating favorable terms with suppliers can help reduce operating costs and improve profitability.
- Quality of Care and Services: The quality of care and services provided directly affects client satisfaction and retention. High-quality care leads to positive word-of-mouth referrals and repeat business, which can significantly boost revenue and profit margins. You should focus on hiring and training skilled caregivers, maintaining open communication with clients and their families, and continuously improving the quality of services offered. Investing in the well-being and satisfaction of both clients and employees can lead to long-term success and profitability.
1Heart Caregiver Services territories available for future franchisees (in all 50 states).
1Heart Caregiver Services Franchise Owner Salary
While an exact salary is not specified, a 1Heart franchise owner has the potential to earn a very good income, likely in the six-figure range, especially as the business matures. Individual earnings can be higher or lower depending on the specific circumstances of the franchise.
Factors Influencing Owner Salary
- Business Size and Revenue: Larger franchises with higher revenue streams are likely to generate higher profits, allowing for a more substantial salary. Franchisees can work towards growing their business by expanding their client base, offering additional services, and increasing operational efficiency.
- Operational Involvement: Owners who are actively involved in the day-to-day operations of the business are likely to have better control over expenses, quality of care, and client satisfaction. This hands-on approach can lead to higher profitability and, consequently, a higher salary. Being actively involved in the business also allows franchise owners to build strong relationships with clients and employees. This can lead to increased client retention and employee satisfaction. However, it’s important to strike a balance between operational involvement and delegation.
- Experience and Management Skills: Owners with prior experience in the senior care industry or business management are likely to have a better understanding of the market and operational efficiencies. This can lead to higher profitability and a more substantial salary. Important skills to have are financial management, human resources, marketing, and client relations.
Why Choose Senior Care Authority Instead?
| Franchise Attribute | 1Heart Caregiver Services | Senior Care Authority, LLC |
| Type of Franchise | Non-Medical Senior Care | Eldercare Consulting and Senior Living Placement |
| Number of Units | 29 | 104 |
| Term of Agreement | 10 years; renewable | 10 years; renewable |
| Canada Franchises | No, but open | Available |
| International Franchises | No, but open on a case-by-case basis | Not available |
| Investment Cost | $88,110 to $127,160 | $73,140 to $99,040 |
| Net Worth Requirement |
|
|
| Franchise Fee | $47,500 | $52,500 |
| Royalty Fee | 5% | 8% |
Table showing the differences between 1Heart Caregiver Services and Senior Care Authority businesses.
While 1Heart Caregiver Services is a compelling franchise opportunity, Senior Care Authority is an attractive alternative for those interested in an eldercare consulting and senior living placement franchise.
Senior Care Authority was established in 2009 by Founder and CEO Frank Samson. With the first location in Sonoma County, California, our company has grown into a reputable name in the senior care industry. Frank Samson used his 20 years of experience in the franchise industry to create a concierge approach to helping families understand the complexities of senior care.
Senior Care Authority has earned a place in the Franchise 500 Ranking, highlighting its success and esteemed reputation within the industry.
We present an economical entry into the senior care industry, characterized by low overhead and the potential for a quick return on investment (ROI). Operating a Senior Care Authority franchise requires at least one employee, with the possibility of running the business from a home or mobile unit. Franchisees are granted exclusive territories, ensuring a focused market area to develop and grow their business.
Unique Benefits and Features
- Comprehensive Services: Senior Care Authority offers a range of services, including senior placement assistance, eldercare consulting, and advocacy services. This allows franchisees to provide a one-stop solution for families exploring senior care options.
- Multiple Revenue Streams: Franchisees can benefit from various revenue opportunities, such as consultation services and the exclusive “Beyond Driving with Dignity” program, which assists seniors in maintaining their independence.
- Low Overhead: The franchise model is designed to have low overhead costs and minimal moving parts, which can lead to a quicker return on investment (ROI).
- Training and Support: Franchisees receive comprehensive initial training, including one-on-one coaching and ongoing support, ensuring they are well-prepared to operate their businesses.
- Community Impact: Franchise owners become trusted resources in their communities, providing valuable services that help seniors and their families understand the available care options.
- Exclusive Territories: Franchisees are granted exclusive territories, allowing them to focus on providing top-notch care to each client without direct competition from other franchisees.
- Proven Business Model: With decades of experience in the eldercare industry, Senior Care Authority has crafted a proven business model that is easy to scale and includes a turnkey marketing system.
- High Franchisee Satisfaction: Senior Care Authority has consistently high franchisee satisfaction ratings, with 97% of franchisees recommending the brand to others and 94% enjoying operating their business.
97% of our franchisees would recommend our senior care franchise brand to another franchisee candidate and 97% of our franchisees enjoy being part of our brand family.
1Heart Caregiver Services vs Senior Care Authority
| Parameter | 1Heart Caregiver Services | Senior Care Authority |
| Business Focus | Concentrates on providing non-medical home care services directly to seniors. Their model is built around in-home care, companionship, and personal assistance, aiming to enhance the quality of life for seniors while allowing them to remain in their homes. | Primarily focuses on senior placement services and eldercare consulting. Franchisees assist families in finding suitable living arrangements for seniors, such as assisted living facilities and memory care options. The franchise emphasizes advocacy and personalized consulting. |
| Services Offered |
|
|
| Training and Support | Provides extensive training through the 1Heart Business Academy, focusing on operational management, marketing, and caregiver training. They emphasize a hands-on approach with ongoing support in various areas, including staffing and finance. | Offers comprehensive training and ongoing support to franchisees, focusing on eldercare consulting and placement processes. Franchisees receive one-on-one coaching and resources to help them establish their businesses effectively. |
| Financial Requirements | The initial investment ranges from $88,110 to $127,160, with a franchise fee of $47,500. Ongoing royalty fees are around 5% of gross revenue, plus a 2% advertising fee. | The initial investment is generally lower, with costs ranging from approximately $73,140 to $99,040. Franchisees also need to demonstrate a minimum net worth of $150,000. |
| Market Position and Growth | Established in 2003, it has expanded rapidly since beginning franchising in 2015. The focus on in-home care aligns with the growing trend of seniors preferring to age in place. | Recognized for its strong franchisee satisfaction and community impact, it has a growing presence in the senior care consulting market, particularly as the demand for eldercare services increases. |
Senior Care Authority offers a more economical entry into the senior care industry, with lower initial investment costs and ongoing expenses. Additionally, the comprehensive training and support provided by Senior Care Authority ensure that franchisees are well-equipped to succeed.
Our concierge approach to senior care provides a unique value proposition, helping families find the right type of senior care with ease. This personalized approach leads to higher client satisfaction and long-term success.
Explore Senior Care Franchise Opportunities Today
Frequently Asked Questions (FAQ)
What Is the Total Investment Required for a 1Heart Franchise?
The total initial investment for a 1Heart Caregiver Services franchise ranges from $88,110 to $127,160. This includes the franchise fee, initial setup costs, training expenses, and marketing costs.
How Long Does It Take to See a Return on Investment?
The time it takes to see a return on investment (ROI) can vary based on several factors, including market demand, operating costs, and the efficiency of operations. On average, franchisees can expect to see a return on investment within 1 to 3 years, depending on their specific circumstances. Most importantly, franchisees should focus on building a strong client base and maintaining high standards of care to ensure long-term success and profitability.
What Kind of Support and Training Does 1Heart Provide?
1Heart Caregiver Services provides extensive training and support through its 1Heart Business Academy. The training program covers various aspects of running a senior care business, including caregiver recruitment, client management, and business operations. Besides that, franchisees benefit from marketing support, access to proprietary systems, and continuous mentorship from the franchisor.
