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Interim Health Care Franchise Cost & Fees

Date of Incorporation: 1965

Franchising Since: 1966

Headquarters: Sunrise, Florida

 

Business Description: Interim HealthCare Inc. (IHI) is the franchisor. IHI’s principal business consists of granting franchises to others to provide permanent placement and temporary services of nursing and other health care personnel, non-medical support and companion care services and health care related home medical equipment, products and/or supplies, as it determines, using its service marks, trade names, business systems and procedures.

 

Franchise Offer: The franchisee, utilizing the trade name Interim HealthCare, will operate a business which provides the temporary services of health care personnel such as registered nurses; licensed practical nurses; nurse assistants; medical social workers; physical, occupational and speech therapists; home health aides; personal care aides; and companions to provide health care and support services directly to individuals, and as temporary staff to other health care providers and facilities. The franchisee may also provide health care related home medical equipment, products and supplies to individuals to whom it is providing health care services, and permanent placement services in health care related occupations to other health care providers and facilities.

 

Financial Assistance: IHI does not offer, either directly or indirectly, any financing arrangements to its franchisees, does not currently intend to offer, either directly or indirectly, loans or other financing to its franchisees in the foreseeable future and does not guarantee your notes, leases or other obligations.

 

Training and Assistance: The training program will consist of up to forty hours of classroom training at IHI headquarters in Sunrise, Florida, and up to forty hours of on-site training at the franchisee’s office location. When franchisees open the Franchise Business, IHI will assign one of its representatives to the franchisee’s office, at its expense, for up to one week to provide you on-the-job training and assistance. After franchisees begin operation of the Franchise Business, IHI will provide additional training to franchisees or their employees, at their expense, subject to training course availability dates. In addition, IHI occasionally conduct national and regional meetings, at which it may provide training on such subjects as sales, advertising, operating procedures and insurance developments.

 

Territory: The franchise agreement grants franchisees a defined geographic area. The area by Franchise, and may be defined in terms of one or more zip Codes or counties, or by other geographic designation, as determined by IHI, depending on the specific market characteristics. The Area will be defined prior to the franchisee’s execution of the Franchise Agreement, and will generally have a minimum population of 175,000, of which 25,000 will be over the age of 65 at the time the franchise agreement is signed. Franchisees will not receive an exclusive territory. As long as the franchise agreement is in effect and franchisees continuously maintain the required office location(s) within the area, IHI will not establish or maintain or authorize any other person or firm to establish or maintain, an office location within the area to provide services which are the same or similar to those which franchisees are authorized to provide pursuant to the franchise agreement.

 

Term of Agreement and Renewal: The length of the initial franchise term is 10 years. One additional 10-year renewal term under the existing franchise agreement is available, if requirements are met.

 

Obligations and Restrictions: At all times during the term of the franchise agreement, the majority owner of the corporation farmed to operate the franchise business must be personally engaged in the operation of the franchise business on a full-time basis, unless otherwise consented to in writing by IHI. Franchisees may only offer their customers the services authorized by the franchise agreement. IHI may not alter the services which franchisees are authorized to provide without their consent; however, IHI may modify its policies and procedures at any time in the operations manuals or otherwise in writing. Franchisees are required to attain or surpass the sales quotas specified in the franchise agreement. Franchisees may not use the office from which they operate the franchise business for any other purpose.

 

Estimated Number of Units: 560

 

Investment Tables:

Initial Investment

Name of Fee Low High
Initial Franchise Fee $48,000 $48,000
Real Property $1,000 $2,500
Opening Advertising $3,000 $4,500
Vehicle Wrap Marketing Program $5,000 $6,000
Leasehold Improvements, Furniture and Fixtures $4,000 $10,000
Equipment $2,500 $3,500
Training Expenses $1,500 $2,500
Start-Up Supplies $1,000 $1,500
Utility Deposits $150 $500
Professional Fees $1,500 $5,000
Business License $1,000 $4,000
Regulatory Fees $1,000 $2,000
Insurance $2,000 $3,000
Additional Funds - 6 Months $51,850 $103,500
Total Estimatedt $123,500 $196,500

 

Other Fees

Type of Fee Amount
Weekly Royalty 3.25% of Medicare and Medicaid sales; 5.25% of all other sales; minimum weekly payment of $100
Sales Quota Deficiency Will vary.
Medicare OASIS and Billing Fee (OASIS) $150 per month, plus $.80 to $1.10 per assessment.
Medicare OASIS and Billing Fee (Billing) $175 per month, plus 2.27% to 3.40% of adjusted net Medicare revenue (maximum of $1,000 per week).
Indemnification Will vary under the circumstances.
Transfer Deposit At least 10% of the proposed purchase price.

The above information has been taken from the FDD of Interim HealthCare. Year of FDD: 2015

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