Key Takeaways
- The initial investment for a Comfort Keepers franchise ranges from $105,050 to $176,200 with a franchise fee of $55,000.
- Online review sites state that the estimated profit margin for Comfort Keepers franchise owners typically ranges from 15% to 40%.
- The average annual income for franchise owners is between $75,000 to $100,000 per year – with top-performing franchises exceeding $150,000.
- Senior Care Authority is a solid alternative with lower overhead and comprehensive support.
Comfort Keepers Franchise Overview
Comfort Keepers was founded in 1998 by Kristina Butler, a registered nurse, who saw a need for compassionate, in-home care services. The first Comfort Keepers office opened in Springfield, Ohio, and quickly expanded due to the growing demand for quality senior care.
Since its inception, Comfort Keepers has grown to over 650 locations in the U.S. and more than 100 internationally, with a focus on delivering non-medical in-home care services such as companionship, meal preparation, and light housekeeping to seniors and other adults who need assistance with daily activities.
Comfort Keepers differentiates itself through its “Interactive Caregiving” model, which emphasizes engaging seniors in their care, promoting physical, mental, and social well-being for holistic health improvement – while providing peace of mind for their families.
| Franchise Attribute | Details |
| Incorporated Name | Comfort Keepers (parent company is Sodexo) |
| Corporate Address | 1 Park Plaza, #300, Irvine, CA 92614 |
| Number of Units | More than 700 |
| Term of Agreement | 10 years; renewable |
| Canada Franchises | Yes, available |
| International Franchises | Yes, available (e.g., Australia, Ireland, Norway, Portugal, Scotland, Singapore, United Kingdom) |
| Home-Based Franchise | No |
| Absentee Franchise | No, the owner must be involved in daily operations |
| Item 19 | Available, contact them for more information |
| Master Franchise Opportunity | No |
| 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. |
Comfort Keepers Franchise Initial Investment and Costs
Initial Investment Breakdown
Interested owners must first fulfill the following qualifications:
- Net Worth Requirement: $300,000
- Liquid Asset Requirement: $100,000
The initial investment for a Comfort Keepers franchise typically ranges from $105,050 to $176,200. This range covers various expenses, including the franchise fee, setup costs, training, and initial marketing efforts. Here’s a closer look at these costs:
| Approximate Fees and Financial Requirements | Low | High |
| Initial Franchise Fee | $55,000 | |
| Office Expenditures | $16,500 | $45,000 |
| Working Capital | $91,000 | $150,000 |
| Licensing | Varies from State to State | |
| Total Initial Investment | $105,050 | $176,200 |
Franchise Fee
The franchise fee for Comfort Keepers is $55,000 – it grants you the right to operate under the Comfort Keepers brand and access their proven business model and support system.
Royalty & Ongoing Fees
Comfort Keepers charges a royalty fee of 5% of your gross revenue. This fee supports the continued development and support of the franchise system, ensuring you have access to the resources and assistance needed to succeed.
There’s also the 2% royalty marketing fund that helps maintain brand visibility and support national advertising campaigns.
Comfort Keepers Franchise Profit Margin
On average, Comfort Keepers franchisees can expect profit margins in the range of 15% to 20%. However, top-performing franchises may exceed these averages, achieving margins of up to 40%, as per online review sites like FinModelsLab.
Factors Affecting Profit Margins
- Client Retention: Maintaining a loyal client base can lead to steady revenue and improved profitability.
- Operational Efficiency: Streamlining operations and implementing cost-saving measures, such as bulk purchasing and efficient scheduling, can contribute to higher profit margins.
- Revenue Growth: Comfort Keepers’ diverse range of services, including personal care, companion care, and specialized care, provides multiple revenue streams and improved profit margins for franchisees.
- Location: Franchises in urban areas with higher demand for senior care services may see higher profit margins.
Here are the Comfort Keepers territories available for future franchisees.
Comfort Keepers Franchise Owner Salary
According to industry data, the average annual income for a Comfort Keepers franchise owner is between $75,000 to $100,000. Top-performing franchisees may earn even higher incomes exceeding $150,000 per year, depending on their business’s success and profitability.
Factors Influencing Salary
Several key factors can influence the salary of a Comfort Keepers franchise owner:
- Business Size and Revenue: Larger franchises with higher revenue typically generate higher incomes for owners.
- Operational Involvement: Owners who are actively involved in daily operations may see higher earnings due to their hands-on management approach – where they can closely monitor and optimize business processes, improve client satisfaction, and reduce costs.
- Experience and Management Skills: Experienced owners with strong management skills can optimize operations and improve profitability, leading to higher incomes.
| Franchise Attribute | Senior Helpers | Senior Care Authority, LLC |
| Type of Franchise | In-Home Senior Care | Eldercare Consulting and Senior Living Placement |
| Number of Units | More than 700 | 104 |
| Term of Agreement | 10 years; renewable | 10 years; renewable |
| Canada Franchises | Available | Available |
| International Franchises | Available | Not available |
| Investment Cost | $105,050 to $176,200 | $73,140 to $99,040 |
| Net Worth Requirement |
|
|
| Franchise Fee | $55,000 | $52,500 |
| Royalty Fee | 5% | 8% |
Table showing the differences between Comfort Keepers and Senior Care Authority businesses.
Why Choose Senior Care Authority Instead?
While Comfort Keepers is a solid business model and reputable brand, Senior Care Authority provides an attractive alternative for those interested in the senior care franchise business.
Our company was established in 2009 by Founder and CEO Frank Samson, with the first location in Sonoma County, California. Frank previously built a concierge travel-based franchise into a premier global brand with over 75 franchise owners.
Using his 20 years of experience in the franchise industry and a passion for assisting families and their aging loved ones, Frank identified a need in the senior care industry for a concierge approach to help families navigate challenging and stressful circumstances.
Unique Benefits and Features
Senior Care Authority offers several unique benefits and features that set it apart from other senior care franchises:
- Advocacy and Consulting Services: Senior Care Authority provides eldercare consulting, helping families navigate complex decisions regarding senior care. This includes family coaching, skilled nursing selection, and access to vetted resources.
- Specialized Programs: The franchise features unique programs such as “Beyond Driving with Dignity,” which empowers seniors to make informed decisions about their driving capabilities, addressing a sensitive topic with compassion.
- Home-Based Business Model: Senior Care Authority operates as a low-cost, low-overhead franchise, allowing owners to run their businesses from home, which reduces operational expenses.
- Comprehensive Training and Support: Franchisees receive extensive training, including over 60 hours of education and the opportunity to earn a Certified Senior Advisor (CSA) certification. Ongoing support includes one-on-one coaching and access to a proven business model.
- Turnkey Marketing System: Franchisees benefit from established marketing strategies that enhance brand visibility and attract clients.
97% of our franchisees enjoy being part of our brand family and would recommend our senior care franchise brand to another franchisee candidate.
These features make Senior Care Authority an appealing option for aspiring franchise owners looking for a cost-effective and supportive business model.
Comparing Comfort Keepers and Senior Care Authority
When comparing Comfort Keepers and Senior Care Authority, several key differences stand out:
- Initial Investment: The initial investment for a Comfort Keepers franchise ranges from $105,050 to $176,200, while Senior Care Authority’s initial investment ranges from $73,140 to $99,040.
- Franchise Fee: Comfort Keepers charges a franchise fee of $55,000, whereas Senior Care Authority’s franchise fee is $52,500.
- Overhead Costs: Senior Care Authority has a lower overhead model, allowing for a quicker ROI.
- Support and Training: Both franchises provide comprehensive training and support, but Senior Care Authority emphasizes mentoring and coaching to ensure franchisee success.
- Operational Flexibility: Senior Care Authority allows franchisees to operate from a home or mobile unit, providing greater flexibility and cost savings.
Overall, Senior Care Authority provides a compelling alternative with lower initial costs, strong support, and flexible operational options, making it an excellent choice for those interested in the senior care franchise business.
Explore Senior Care Franchise Opportunities Today
Frequently Asked Questions (FAQ)
What is the initial investment for a Comfort Keepers franchise?
The initial investment for a Comfort Keepers franchise ranges from $105,050 to $176,200. This includes the franchise fee, setup costs, training, and initial marketing efforts.
What are the ongoing fees associated with a Comfort Keepers franchise?
Ongoing fees for a Comfort Keepers franchise include a 5% royalty fee on gross revenue and 2% royalty marketing fund. Additional operational costs such as insurance, employee salaries, and office supplies should also be considered.
How do profit margins for Comfort Keepers compare to other franchises?
Profit margins for Comfort Keepers franchisees typically range from 15% to 25%, which is competitive within the home care industry. Top-performing franchises may achieve margins of up to 40%.
How much can a Comfort Keepers franchise owner expect to earn?
The average annual income for a Comfort Keepers franchise owner ranges from $75,000 to $100,000. Top-performing franchisees may earn even higher incomes of about $150,000, depending on their business’s success and profitability.
