This is the question that is at the front of your brain while researching a home care franchise to purchase. It's incredibly important. You need to know what to expect to determine if the Senior Care franchise is a reasonable venture for you. The challenge you face is that 60% of franchises do not offer a Financial Performance Representation. This is a disclosure in the Franchise Disclosure Document that indicates what Elder Care Franchisees have earned within a franchise system. The fact is most Senior Care Franchisors will not give you financial projections or financial information.
What is a Franchise Disclosure Document? It is a document which must be given to each potential investor. Similar to a prospectus given to potential investors who think about buying a mutual fund, the disclosure cover a wide range of important information to every investor.
How then can you proceed with any level of confidence? You can obtain all sorts of financial information from the Franchise Owners. The Franchise Learning Channel has the tools to help you draw out the financial information that will allow you to calculate your costs and earnings based on what other Franchise Owners have achieved. These tools include financial calculation spreadsheets and a list of quality questions directed at this aim to the Franchisee.
Remember, Home Health Care Franchise companies can always give you information on cost and expenses. They just cannot provide financial information if it is not clearly stated in their Franchise Disclosure Document.
The Top ten senior care franchises provide support tools and services to you free of charge. We are here to protect you during this selection process and to ensure you are seeing the whole picture, not just a piece of it.