Right at Home Franchise Cost & Fees
Date of Incorporation: 1995
Franchising Since: 2000
Business Description: Right at Home is a national in home care and assistance agency. We provide trained, insured and bonded caregivers for a variety of elder care services. Whether it's for extra assistance after a stay in the hospital, an aging parent who needs extra help or companionship to remain in their own home, or as a respite for a husband or wife who cares for an ailing spouse, we can help with home health care needs.
Franchise Offer: The franchise offered is for a single Right at Home franchise specializing in an array of services, starting with Companion Care to Personal Care all the way up to Light Skilled Nursing.
Financial Assistance: The franchisor does not offer direct or indirect financing.
Training and Assistance: The franchise will provide initial training to the franchisee and up to two other persons at company headquarters in Omaha, Nebraska. The training will last approximately two weeks and will consist of 38 hours of classroom training per week.
Territory: The franchisee will be granted an exclusive territory with a population of approximately 15,000 to 40,000 people who are age 65 and older.
Term of Agreement and Renewal: The length of the franchise term is 10 years, with an option for renew for up to 3 additional successive terms of 5 years each.
Obligations and Restrictions: The franchise requires that either the franchisee or a trained and competent employee acting as a full-time manager must provide direct on-premises supervision of the Franchised Business.
Estimated Number of Units: 206
|Name of Fee||Low||High|
|Initial Franchise Fee||$38,500||$38,500|
|Furniture and Fixtures||$2,000||$5,000|
|Office Equipment and Supplies||$3,500||$6,000|
|Initial Opening Marketing||$1,000||$3,000|
|Permits/ Professional Fees||$1,000||$3,000|
|Additional Funds(3 months)||$12,000||$28,000|
|Type of Fee||Amount|
|Continuing Royalty||5% of Net Billings|
|Local Advertising||2% of Net Billings|
|Audit||Cost of audit and inspection plus interest on underpayment|
|Late||Up to $250 plus the highest allowable legal rate for open account business credit, not to exceed 1.5% per month|
|Advisory Council||Council assessments|
|Renewal Fee Insurance Policies||$2000 for each renewal of a term approved by the company
Amount of unpaid premiums
|Transfer||50% of the then-current franchise fee for a franchise at the time of the transfer or 100% of the the-current franchise fee if a Consultant or Broker commission is payable.|
|Additional Manager Training||Current rates as published in the Manual; currently, $300 per day plus expenses|
|Additional Onsite Assistance||Current rates as published in Manual; currently, $300 per day per person plus expenses|
|Continuing Education||You are required to pay your expenses as well as your employees' expenses in unending these programs|
|Cost of Enforcement or Defense||All costs including attorneys' fees|
|Indemnification||All costs including attorneys' fees|
The above information has been taken from the FDD of Right at Home.
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