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Description
Investment Icon

What Are the Initial Investment Requirements for a Right at Home Franchise?

To start a Right at Home franchise, you will need to prepare for an initial investment ranging from $88,700 to $160,725. This includes a franchise fee of $49,500. Additionally, you should have a net worth between $100,000 and $150,000 to meet the financial criteria set by the franchise. It's essential to ensure you have sufficient cash reserves, as the cash required falls within the same initial investment range.

Fees Icon

What Are the Ongoing Fees Associated with a Right at Home Franchise?

As a Right at Home franchisee, you will be subject to ongoing fees that include a royalty fee of 5% of your revenue and a marketing fee of 2%. These fees are crucial for maintaining brand presence and supporting marketing efforts. Understanding these costs is vital for financial planning and ensuring profitability in your franchise operations.

Revenue Icon

What Is the Average Revenue Potential for a Right at Home Franchise?

Right at Home franchises have a promising revenue potential, with an average annual revenue of approximately $1,557,197 per unit. The median annual revenue stands at $1,218,745, showcasing a solid earning capacity. However, it's important to note that revenue can vary significantly, with the lowest annual revenue recorded at $43,209 and the highest reaching $17,265,996. This range emphasizes the importance of location and management in achieving financial success.

Breakeven Icon

What Is the Breakeven Timeline for a Right at Home Franchise?

The breakeven time for a Right at Home franchise is generally around 18 months, providing a relatively quick return on your investment. Additionally, the investment payback period is estimated at 20 months. These timelines can vary based on individual circumstances, market conditions, and operational efficiency, making it essential for franchisees to focus on effective management and customer service to reach these milestones.

Right at Home Franchise Financial Requirements

Below, you’ll find an overview of the initial investment needed to launch the business, along with the ongoing fees required by the franchisor to maintain operations over time.

Net Worth Required icon The minimum total assets (minus liabilities) you must possess.

i Net Worth Required:

$100,000 - $150,000
Investment Payback icon The estimated period to recoup your total investment.

i Investment Payback:

20 Months
Franchise Fee icon The initial fee paid to join the franchise system.

i Franchise Fee:

$49,500
Royalty Fee icon Ongoing percentage of revenue paid to the franchisor.

i Royalty Fee:

5%
Marketing Fee icon Regular contribution toward the franchise’s advertising fund.

i Marketing Fee:

2%
Breakeven Time icon The estimated timeframe to recover your initial costs.

i Breakeven Time:

18 Months
Initial Investment icon The total amount required to launch the franchise.

i Initial Investment:

$88,700 - $160,725
Cash Required icon The minimum liquid capital you must have on hand.

i Cash Required:

$88,700 - $160,725
Average Revenue icon The typical yearly revenue generated per franchise location.

i Average Revenue:

$1,557,197
Median Revenue icon The middle value of yearly revenue among franchise locations.

i Median Revenue:

$1,218,745
Highest Revenue icon The largest reported annual revenue among franchisees.

i Highest Revenue:

$17,265,996
Lowest Revenue icon The smallest reported annual revenue among franchisees.

i Lowest Revenue:

$43,209
Industry icon A broad sector defining similar types of franchise businesses.

i Industry:

Healthcare & Senior Care
Category icon A more specific division within the broader industry.

i Category:

Home Healthcare
Leadership icon The key individuals guiding the franchise’s strategy and growth.

i Leadership:

Brian Petranick
Corporate Address icon The official business address of the franchisor’s headquarters.

i Corporate Address:

6700 Mercy Road, Suite 400, Omaha, Nebraska 68106
Funding Year icon Available financing options to help start the franchise.

i Funding Year:

2016
Parent Company icon The main organization that owns the franchise brand.

i Parent Company:

RiseMark Holdings LLC

Right at Home Franchise Unit Growth Summary

A breakdown of corporate, franchised, and total units, with yearly net changes.

The overall number of operating franchise locations.

Total Units i

531
The number of locations owned by independent franchisees.

Franchised Units i

508
The number of locations owned and run by the franchisor.

Corporate Units i

23
Units 2021 2022 2023
Total Units 505 525 531
Net Change YoY 20 6
Franchised Units 483 497 508
Net Change YoY 14 11
Corporate Units 22 28 23
Net Change YoY 6 -5
Investment About

Franchise Overview

Right at Home is a leading home care franchise that specializes in providing in-home care services for seniors and individuals with disabilities. Established in 1995, the brand has grown to encompass a network of over 500 franchises across the United States and internationally. Right at Home is dedicated to enhancing the quality of life for its clients by delivering personalized care and support in the comfort of their own homes.

Potential About

Investment Requirements

The initial investment to open a Right at Home franchise ranges from $88,700 to $160,725. This includes a franchise fee of $49,500. Potential franchisees should have a net worth of $100,000 to $150,000 and be prepared to cover ongoing royalty fees of 5% and a marketing fee of 2%. These financial requirements ensure that franchisees are adequately prepared to operate and grow their business.

Metrics About

Revenue Potential

Right at Home franchisees can expect an average annual revenue of approximately $1,557,197 per unit, with a median annual revenue of $1,218,745. The revenue figures highlight the brand's strong market position and demand for in-home care services. However, it is essential to note that revenues can vary significantly, with the lowest reported annual revenue at $43,209 and the highest at $17,265,996.

Fees About

Operational Performance

The average breakeven time for a Right at Home franchise is around 18 months, while the investment payback period is approximately 20 months. This relatively quick return on investment reflects the brand's established operational model and the growing demand for home care services, making it an attractive option for aspiring franchisees.

Breakeven About

Franchise Growth

Right at Home has demonstrated consistent growth over the years, increasing its number of franchised units from 483 in 2021 to 508 in 2023. This upward trend indicates a strong market presence and franchisee satisfaction, contributing to the brand's reputation as a reliable choice for potential investors in the home care sector.

Units About

Support and Training

Right at Home provides comprehensive support and training for its franchisees, ensuring they are equipped with the necessary tools and knowledge to succeed. The franchise offers ongoing operational assistance, marketing resources, and access to a network of fellow franchisees. This support system is crucial for navigating the challenges of running a home care business and maximizing profitability.

Frequently Asked Questions

The initial investment for a Right at Home franchise ranges from $88,700 to $160,725, which includes the franchise fee of $49,500.