Start a Interim HealthCare Franchise in 2024

2024 Franchise 500 Rank: #59 Ranked #55 last year

Initial investment: $126K - $200K

Units as of 2023: 655 9.7% over 3 years

Interim HealthCare has served diverse communities in the United States since its founding in 1966. It currently operates in many states, boasting over 300 franchises that provide some of the best medical, hospice, and in-home care for thousands of individuals yearly.

Interim HealthCare also has a large international presence, with over 250 franchise locations outside of the United States.

Interim HealthCare is a key player in one of America’s most important industries and was one of the country’s very first nationwide home care franchises. They take pride in taking a well-rounded approach to care through the mind, body, spirit.

As a senior care franchisee, you may have the opportunity to make a positive difference in people’s lives, all while being able to take care of yourself, your family, and your dreams.

Why You May Want to Start an Interim HealthCare Franchise

Interim HealthCare may have a great advantage for you in its ability to offer the option to open both home care and hospice services simultaneously. This can occur in one or multiple locations. Competitors can usually only work in either home care or hospice services at a time, potentially making Interim HealthCare an enticing franchise for entrepreneurs.

The franchise’s support team strives to be one of the best in the industry. With over five decades of experience, it’s not surprising they have taken time to work to develop revolutionary techniques in building in-home care franchises and in making each new member of the family feel at home.

More than anything, the franchise wishes to stay true to its core values of integrity and empathy. If you take the time to look around and consider other home care franchises, it may be easy to see how Interim HealthCare’s proven commitment to such ideals is hard to come by.

What Might Make an Interim HealthCare Franchise a Good Choice?

Interim HealthCare has been ranked in Entrepreneur’s Franchise 500 many times in the past decade. This ranking is based on an evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.

To be part of the Interim Healthcare team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. You should also prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.

Interim HealthCare’s expertise in providing medical, health, and hospice staffing services may go unquestioned. And no matter your background or experience, the franchise has a dedicated team to make sure you are well-trained and your transition to day-to-day management is smooth as silk.

How To Open an Interim HealthCare Franchise

To get started with the Interim HealthCare franchise, you should first submit an inquiry form.

Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. Speak to existing franchisees and ask questions directed to the Interim HealthCare team. If your net worth and available liquid capital match the brand’s requirements, you may qualify to open an Interim HealthCare franchise, and you can get started with an initial investment and relevant training.

Care for your community with an Interim HomeCare franchise!

Company Overview

About Interim HealthCare

Industry	Personal-Care Businesses
Related Categories	Senior Care, Miscellaneous Health Services, Staffing/Recruiting, Health & Wellness
Founded	1966
Parent Company	Caring Brands Int'l.
Leadership	Paul Mastrapa, President/CEO
Corporate Address	1551 Sawgrass Corporate Pkwy., #230 Sunrise, FL 33323
Social	Facebook, Twitter, LinkedIn, YouTube

Business Overview

Franchising Since	1966 (58 years)
# of employees at HQ	70
Where seeking	This company is offering new franchises throughout the US. This company is offering new franchises worldwide.
# of Units	655 (as of 2023)

Information for Franchisees

Here's what you need to know if you're interested in opening a Interim HealthCare franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$50,000
Initial Investment Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$125,500 - $199,500
Net Worth Requirement Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.	$300,000
Cash Requirement Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.	$100,000
Veteran Incentives Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.	10% off franchise fee
Royalty Fee Definition: A ongoing fee paid to the franchisor on a regular basis. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	3.5%-5.5%
Ad Royalty Fee Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.	1%
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	10 years
Is franchise term renewable?	Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing	Interim HealthCare has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training	40 hours
Classroom Training	40 hours
Ongoing Support	Purchasing Co-ops Newsletter Meetings & Conventions Toll-Free Line Grand Opening Online Support Security & Safety Procedures Lease Negotiation Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing Support	Co-op Advertising Ad Templates National Media Regional Advertising Social Media SEO Website Development Email Marketing Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?	No
Can this franchise be run from home/mobile unit? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	No
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	No
# of employees required to run	2
Are exclusive territories available? Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	Yes