19 Jun Franchise Business Plan – Interim HealthCare
Interim HealthCare Inc. is leading home care and medical staffing company. Founded in 1966 and headquartered in Sunrise, FL, it has more than 325 independently owned franchise locations in 43 states, as well as more than 500 international facilities. Interim HealthCare’s independent franchisees employ more than 43,000 healthcare workers, including nurses, therapists, aides, and other healthcare personnel, that provide care to more than 173,000 people each year. The company offers home care, hospice, and healthcare staffing services. Over the past five years, Interim HealthCare’s franchisee revenue increased to $468.5 million.
The initial investment for establishing an Interim HealthCare franchise ranges from $125,000 to $198,000 depending on the center’s location. The initial investment covers a wide range of expenses such as equipment, insurance, and licenses. The initial franchise fee is $50,000 and all potential franchisees should have a net worth of $300,000 and the liquid capital of $70,000. The franchise is characterized by low fixed costs as it does not require a large office nor inventory. Interim HealthCare franchisees should develop a solid business plan to assess potential revenues and expenses. Joorney Business Plan writers have extensive experience in developing long-term financial projections for Interim HealthCare centers and understand the specifics related to the initial investment requirements.
Interim HealthCare requires franchisees to pay an ad royalty fee equal to 0.5% of annual gross sales. The franchisor uses the advertising contributions to pay for various types of expenses related to advertising and promotion including: co-op advertising, ad templates, national media, regional advertising, social media, search engine optimization, website development, email marketing, and loyalty programs. Joorney Business Plans writers help in writing advertising and marketing strategies and developing marketing budgets in line with the franchise agreement.
Interim HealthCare is a leading national franchisor of home care, hospice, and healthcare staffing. It is ranked first among all home care franchises and 24th overall on Franchise Direct’s Top 100 Global Franchises 2019 list. It is recognized due to system size, franchise longevity, year-to-year growth, and support methods for franchisees. Interim HealthCare’s franchisees benefit from steady profits as well as a well-defined business identity, extensive support, and an ability to innovate. With its brand built on over 50 years of home care, hospice and staffing expertise, Interim HealthCare has an in-depth understanding of today’s regulatory environment and complexities of building franchise operations.