Assisting Hands Home Care Franchise: Average Sales ($782K) vs. Cost ($87K-$160K)

In this exclusive Franchise Chatter FDD Talk post, you’ll learn the following:

Section I – Estimated initial investment (franchise costs) for an Assisting Hands Home Care franchise, based on Item 7 of the company’s 2023 FDD

Section II – Initial franchise fee, royalty fee, and marketing fee for an Assisting Hands Home Care franchise, based on Items 5 and 6 of the company’s 2023 FDD

Section III – Number of franchised and company-owned Assisting Hands Home Care outlets at the start of the year and the end of the year for 2020, 2021, and 2022, based on Item 20 of the company’s 2023 FDD

Section IV – News updates on the Assisting Hands Home Care franchise opportunity

Section V – Presentation and analysis of Assisting Hands Home Care’s financial performance representations (average revenues and/or profits), based on Item 19 of the company’s 2023 FDD, including information on the:

• 2022 actual gross revenue, number of Assisting Hands Businesses operated by the affiliate during 2022, and number of offices for the 1 Assisting Hands Home Care affiliate that was in operation for 12 months or longer as of December 31, 2022

• 2022 actual gross revenue, number of Assisting Hands Businesses operated by the franchisee during 2022, and number of offices for the 66 Assisting Hands Home Care franchisees that were in operation for 12 months or longer as of December 31, 2022

Section VI – Key ratios, comparables, computations, and analyses for the Assisting Hands Home Care franchise opportunity (exclusive content for Platinum subscribers)

Section I – Assisting Hands Home Care Franchise Costs

• Assisting Hands Home Care franchise costs, based on Item 7 of the company’s 2023 FDD:

• Initial Franchise Fee:  $55,000
• Security Deposits:  $500 to $4,000
• Insurance:  $3,500 to $6,000
• 3 Months’ Lease Payments:  $1,500 to $6,000
• Leasehold Improvements:  $0 to $7,000
• Signage:  $700 to $3,000
• Furnishings:  $1,500 to $6,000
• Computer System and Scheduling Hardware and Software:  $2,000 to $4,500
• Business Licenses and Permits:  $150 to $500
• Licensing and Credentialing:  $700 to $15,000
• Initial Training Expenses:  $2,000 to $4,000
• Open House Expenditure:  $1,000 to $6,000
• Telecommunications Services and Advertising:  $1,500 to $3,000
• Professional Fees:  $2,000 to $5,000
• Convention Fee:  $200
• Additional Funds for 3 Months:  $15,700 to $34,950
• Total Estimated Assisting Hands Home Care Franchise Costs:  $87,950 to $160,150

Section II – Assisting Hands Home Care’s Initial Franchise Fee, Royalty Fee, and Marketing Fee

• Assisting Hands Home Care’s initial franchise fee, royalty fee, and marketing fee, based on Items 5 and 6 of the company’s 2023 FDD:

• Initial Franchise Fee:  $45,000 to $55,000

• Royalty Fee:  the greater of the Percentage Royalty or Minimum Royalty. The “Percentage Royalty” is 5% of Gross Revenue per week if below $48,000; 4.5% of Gross Revenue per week if between $48,000 and $95,999; and 4% of Gross Revenue per week if above $96,000. The “Minimum Royalty” is $50 per week per office during the first year of operations; $100 per week per office during the second year of operations; and $200 per week per office thereafter and throughout the remainder of the term.

• National Advertising Fund Contribution:  the greater of (i) 0.5% of Gross Revenue (“Percentage Contribution”); or (ii) the Minimum Contribution. The “Minimum Contribution” is currently $150 per month.

• Local Advertising Payment:  the difference between the amount you spent on local advertising each month and your required local advertising requirement (2% of Gross Revenue during the second full calendar year of operations and each year thereafter; $750 per month during the first partial and full calendar year)

• Local Marketing Cooperative:  established by cooperative members

Section III – Number of Franchised and Company-Owned Assisting Hands Home Care Outlets

Franchised

2020

• Outlets at the Start of the Year:  132
• Outlets at the End of the Year:  142
• Net Change:  +10

2021

• Outlets at the Start of the Year:  142
• Outlets at the End of the Year:  151
• Net Change:  +9

2022

• Outlets at the Start of the Year:  151
• Outlets at the End of the Year:  170
• Net Change:  +19

Company-Owned

2020

• Outlets at the Start of the Year:  4
• Outlets at the End of the Year:  4
• Net Change:  0

2021

• Outlets at the Start of the Year:  4
• Outlets at the End of the Year:  4
• Net Change:  0

2022

• Outlets at the Start of the Year:  4
• Outlets at the End of the Year:  5
• Net Change:  +1

Section IV – News Updates on the Assisting Hands Home Care Franchise

• Assisting Hands Home Care Named a Most Profitable Franchise of 2022 by Franchise Business Review

• Assisting Hands Home Care Helps Clients Throughout Metro Detroit

• Assisting Hands Home Care Ranked No. 229 on Entrepreneur’s 2023 Franchise 500 List

Section V – Financial Performance Representations (Average Revenues and/or Profits) for the Assisting Hands Home Care Franchise (Item 19, 2023 FDD)

• As of December 31, 2022, Assisting Hands had a total of 170 franchised Assisting Hands Businesses (“Franchised Locations”), and five affiliate-owned Assisting Hands Businesses (“Affiliate Locations”). The five Affiliate Locations were operated out of five offices. The 170 Franchised Locations were operated out of 69 Offices.

• The information in the tables below is a historical financial performance representation of the 153 Franchised Locations and four Affiliate Locations that were in operation for 12 months or longer as of December 31, 2022* (“Reporting Group”) for the 2022 calendar year (“Reporting Period”).

• 23 Franchised Locations opened in 2022 and therefore were not open for 12 months or longer as of December 31, 2022. Of those 23 locations, 17 have been excluded from the Reporting Group because they were either not open for 12 months or longer as of December 31, 2022. *Six of the 23 are included in the Reporting Group (despite being open for less than 12 months as of December 31, 2022) because they were owned by existing franchisees that report Gross Revenue collectively across multiple Franchised Locations and they were not able to accurately separate out the Gross Revenue by individual Franchise Location.

• Four Franchised Locations ceased operations or were terminated during the Reporting Period and have been excluded from the Reporting Group.

• The numbers below have not been audited, but Assisting Hands has no reason to doubt their accuracy.

• All of the Assisting Hands Businesses in the Reporting Group offer similar services and face a similar degree of competition anticipated for the Assisting Hands Businesses offered under the current Disclosure Document.

• Affiliate Locations do not pay the Royalty Fee and are not subject to the Local Advertising Requirement, but do contribute to the National Advertising Fund.

• Assisting Hands provides substantially all of the same services and assistance to Affiliate Locations that it provides to Franchised Locations.

Part 1 – Gross Revenue for the Affiliate Locations During the Reporting Period

Boise, ID

• Number of Assisting Hands Businesses:  4
• Number of Offices:  4
• 2022 Gross Revenue:  $3,378,525

Part 2 – Gross Revenue for the Franchised Locations During the Reporting Period

Phoenix, AZ**

• Number of Assisting Hands Businesses:  4
• Number of Offices:  2
• Year Opened:  2009
• 2022 Gross Revenue:  $7,827,128

Laguna Hills, CA

• Number of Assisting Hands Businesses:  1
• Number of Offices:  1
• Year Opened:  2021
• 2022 Gross Revenue:  $1,072,646

Newport Beach, CA

• Number of Assisting Hands Businesses:  1
• Number of Offices:  1
• Year Opened:  2008
• 2022 Gross Revenue:  $2,168,985

Rancho Bernardo, CA

• Number of Assisting Hands Businesses:  6
• Number of Offices:  1
• Year Opened:  2012
• 2022 Gross Revenue:  $892,038

Broomfield, CO

• Number of Assisting Hands Businesses:  1
• Number of Offices:  1
• Year Opened:  2021
• 2022 Gross Revenue:  $274,317

Centennial, CO

• Number of Assisting Hands Businesses:  2
• Number of Offices:  1
• Year Opened:  2019
• 2022 Gross Revenue:  $1,713,663

Littleton, CO

• Number of Assisting Hands Businesses:  2
• Number of Offices:  1
• Year Opened:  2021
• 2022 Gross Revenue:  $284,730

Boca Delray, FL

• Number of Assisting Hands Businesses:  2
• Number of Offices:  1
• Year Opened:  2020
• 2022 Gross Revenue:  $573,475

Brevard, FL

• Number of Assisting Hands Businesses:  2
• Number of Offices:  1
• Year Opened:  2015
• 2022 Gross Revenue:  $8,885,797

Fort Lauderdale, FL

• Number of Assisting Hands Businesses:  4
• Number of Offices:  1
• Year Opened:  2020
• 2022 Gross Revenue:  $1,096,303

Fort Myers, FL

• Number of Assisting Hands Businesses:  3
• Number of Offices:  1
• Year Opened:  2021
• 2022 Gross Revenue:  $1,437,230

Miami, FL

• Number of Assisting Hands Businesses:  1
• Number of Offices:  1
• Year Opened:  2011
• 2022 Gross Revenue:  $3,514,445

Miami Beach, FL

• Number of Assisting Hands Businesses:  1
• Number of Offices:  1
• Year Opened:  2016
• 2022 Gross Revenue:  $1,082,117

Naples, FL

• Number of Assisting Hands Businesses:  1
• Number of Offices:  1
• Year Opened:  2009
• 2022 Gross Revenue:  $7,769,201

Palm Beach, FL

• Number of Assisting Hands Businesses:  2
• Number of Offices:  1
• Year Opened:  2012
• 2022 Gross Revenue:  $2,577,839

Pinellas, FL

• Number of Assisting Hands Businesses:  2
• Number of Offices:  1
• Year Opened:  2014
• 2022 Gross Revenue:  $1,265,060

Tampa Bay, FL

• Number of Assisting Hands Businesses:  2
• Number of Offices:  1
• Year Opened:  2013
• 2022 Gross Revenue:  $444,346

Tampa Gulf Coast, FL

• Number of Assisting Hands Businesses:  6
• Number of Offices:  2
• Year Opened:  2014
• 2022 Gross Revenue:  $4,000,977

West Broward, FL

• Number of Assisting Hands Businesses:  2
• Number of Offices:  1
• Year Opened:  2013
• 2022 Gross Revenue:  $1,861,057

Pasco, FL

• Number of Assisting Hands Businesses:  4
• Number of Offices:  1
• Year Opened:  2015
• 2022 Gross Revenue:  $2,544,615

Polk County, FL**

• Number of Assisting Hands Businesses:  2
• Number of Offices:  1
• Year Opened:  2019
• 2022 Gross Revenue:  $3,074,694

Windermere, FL**

• Number of Assisting Hands Businesses:  3
• Number of Offices:  1
• Year Opened:  2021
• 2022 Gross Revenue:  $1,229,906

Winter Park, FL

• Number of Assisting Hands Businesses:  5
• Number of Offices:  1
• Year Opened:  2020
• 2022 Gross Revenue:  $1,588,717

Duluth, GA

• Number of Assisting Hands Businesses:  2
• Number of Offices:  1
• Year Opened:  2021
• 2022 Gross Revenue:  $252,006

Forsyth, GA

• Number of Assisting Hands Businesses:  2
• Number of Offices:  1
• Year Opened:  2020
• 2022 Gross Revenue:  $385,707

Arlington Heights, IL

• Number of Assisting Hands Businesses:  2
• Number of Offices:  1
• Year Opened:  2017
• 2022 Gross Revenue:  $1,450,093

Deerfield, IL

• Number of Assisting Hands Businesses:  2
• Number of Offices:  1
• Year Opened:  2017
• 2022 Gross Revenue:  $874,007

Elgin, IL

• Number of Assisting Hands Businesses:  2
• Number of Offices:  1
• Year Opened:  2014
• 2022 Gross Revenue:  $1,303,203

Fox Valley South, IL

• Number of Assisting Hands Businesses:  2
• Number of Offices:  1
• Year Opened:  2017
• 2022 Gross Revenue:  $1,320,435

Hinsdale, IL

• Number of Assisting Hands Businesses:  1
• Number of Offices:  1
• Year Opened:  2011
• 2022 Gross Revenue:  $488,844

Lombard, IL

• Number of Assisting Hands Businesses:  1
• Number of Offices:  1
• Year Opened:  2018
• 2022 Gross Revenue:  $567,320

Matteson, IL

• Number of Assisting Hands Businesses:  1
• Number of Offices:  1
• Year Opened:  2018
• 2022 Gross Revenue:  $1,036,819

Naperville, IL

• Number of Assisting Hands Businesses:  3
• Number of Offices:  1
• Year Opened:  2009
• 2022 Gross Revenue:  $1,010,747

Palos, IL

• Number of Assisting Hands Businesses:  1
• Number of Offices:  1
• Year Opened:  2020
• 2022 Gross Revenue:  $610,582

Schaumburg, IL

• Number of Assisting Hands Businesses:  2
• Number of Offices:  1
• Year Opened:  2017
• 2022 Gross Revenue:  $1,970,839

Boston NW, MA

• Number of Assisting Hands Businesses:  4
• Number of Offices:  1
• Year Opened:  2018
• 2022 Gross Revenue:  $1,998,815

Wilmington, MA

• Number of Assisting Hands Businesses:  2
• Number of Offices:  1
• Year Opened:  2018
• 2022 Gross Revenue:  $1,081,247

Columbia, MD

• Number of Assisting Hands Businesses:  1
• Number of Offices:  1
• Year Opened:  2016
• 2022 Gross Revenue:  $485,914

Frederick County, MD

• Number of Assisting Hands Businesses:  2
• Number of Offices:  1
• Year Opened:  2019
• 2022 Gross Revenue:  $1,259,795

Potomac, MD

• Number of Assisting Hands Businesses:  4
• Number of Offices:  1
• Year Opened:  2014
• 2022 Gross Revenue:  $6,850,617

Clinton Township, MI

• Number of Assisting Hands Businesses:  1
• Number of Offices:  1
• Year Opened:  2018
• 2022 Gross Revenue:  $290,228

Milford, MI**

• Number of Assisting Hands Businesses:  2
• Number of Offices:  1
• Year Opened:  2020
• 2022 Gross Revenue:  $2,518,429

Minneapolis, MN

• Number of Assisting Hands Businesses:  1
• Number of Offices:  1
• Year Opened:  2012
• 2022 Gross Revenue:  $760,701

South Central Las Vegas, NV

• Number of Assisting Hands Businesses:  1
• Number of Offices:  1
• Year Opened:  2020
• 2022 Gross Revenue:  $592,581

Central, NJ

• Number of Assisting Hands Businesses:  4
• Number of Offices:  1
• Year Opened:  2014
• 2022 Gross Revenue:  $1,972,246

Livingston, NJ

• Number of Assisting Hands Businesses:  4
• Number of Offices:  1
• Year Opened:  2018
• 2022 Gross Revenue:  $6,292,314

Monmouth, NJ

• Number of Assisting Hands Businesses:  7
• Number of Offices:  1
• Year Opened:  2015
• 2022 Gross Revenue:  $1,723,399

Brea, OH

• Number of Assisting Hands Businesses:  1
• Number of Offices:  1
• Year Opened:  2020
• 2022 Gross Revenue:  $375,455

Cincinnati, OH

• Number of Assisting Hands Businesses:  7
• Number of Offices:  2
• Year Opened:  2013
• 2022 Gross Revenue:  $9,730,785

North Central, OH

• Number of Assisting Hands Businesses:  1
• Number of Offices:  1
• Year Opened:  2019
• 2022 Gross Revenue:  $671,114

Happy Valley, OR

• Number of Assisting Hands Businesses:  2
• Number of Offices:  1
• Year Opened:  2017
• 2022 Gross Revenue:  $1,160,587

Collegeville, PA

• Number of Assisting Hands Businesses:  1
• Number of Offices:  1
• Year Opened:  2020
• 2022 Gross Revenue:  $677,376

Midlands, SC

• Number of Assisting Hands Businesses:  1
• Number of Offices:  1
• Year Opened:  2012
• 2022 Gross Revenue:  $574,188

Fort Worth West, TX

• Number of Assisting Hands Businesses:  2
• Number of Offices:  1
• Year Opened:  2013
• 2022 Gross Revenue:  $462,842

Humble, TX

• Number of Assisting Hands Businesses:  2
• Number of Offices:  1
• Year Opened:  2008
• 2022 Gross Revenue:  $316,039

North Houston, TX

• Number of Assisting Hands Businesses:  2
• Number of Offices:  1
• Year Opened:  2014
• 2022 Gross Revenue:  $59,001

Pearland, TX

• Number of Assisting Hands Businesses:  1
• Number of Offices:  1
• Year Opened:  2016
• 2022 Gross Revenue:  $871,722

Preston Hollow, TX

• Number of Assisting Hands Businesses:  2
• Number of Offices:  1
• Year Opened:  2016
• 2022 Gross Revenue:  $695,861

West Austin, TX

• Number of Assisting Hands Businesses:  2
• Number of Offices:  1
• Year Opened:  2016
• 2022 Gross Revenue:  $1,089,269

West Houston, TX

• Number of Assisting Hands Businesses:  2
• Number of Offices:  1
• Year Opened:  2014
• 2022 Gross Revenue:  $557,869

Arlington, VA**

• Number of Assisting Hands Businesses:  3
• Number of Offices:  1
• Year Opened:  2018
• 2022 Gross Revenue:  $3,425,170

Loudoun, VA

• Number of Assisting Hands Businesses:  1
• Number of Offices:  1
• Year Opened:  2016
• 2022 Gross Revenue:  $925,687

Reston, VA

• Number of Assisting Hands Businesses:  2
• Number of Offices:  1
• Year Opened:  2018
• 2022 Gross Revenue:  $1,358,450

Richmond, VA

• Number of Assisting Hands Businesses:  5
• Number of Offices:  1
• Year Opened:  2019
• 2022 Gross Revenue:  $650,650

Menomonee Falls, WI

• Number of Assisting Hands Businesses:  1
• Number of Offices:  1
• Year Opened:  2017
• 2022 Gross Revenue:  $1,242,747

Southwest Milwaukee, WI

• Number of Assisting Hands Businesses:  2
• Number of Offices:  1
• Year Opened:  2019
• 2022 Gross Revenue:  $579,328

• The “Year Opened” date indicates the year the Franchised Location opened its first Assisting Hands Business and Office.

• **These franchisees each opened an additional Assisting Hands Business during 2022 (including two additional opened by the Arlington, VA franchisee). Because franchisees report all revenue collectively across Assisting Hands Businesses, the figures in the Gross Revenues section include the Gross Revenue from these additional Assisting Hands Businesses. As a result, these franchisees’ reports include higher Gross Revenue than would be expected for the number of Assisting Hands Businesses listed.

• Note:  The totals in the following section were calculated by Franchise Chatter.

All Franchises

• Total Number of Franchises:  66
• Total Number of Assisting Hands Businesses:  153
• Total Number of Offices:  69
• Total 2022 Gross Revenues:  $119,700,314

• The term “Gross Revenue” means the total selling price of all services and products sold at, or from, or through your Assisting Hands Business whether or not sold or performed in connection with your Assisting Hands Business and all income of every other kind and nature related to the Assisting Hands Business operation, whether for cash or credit and regardless of collection in the case of credit.

• Gross Revenue does not include: (i) the amount of any tax imposed by any federal, state, municipal, or other governmental authority directly on sales and collected from customers, provided that the amount of any such tax is shown separately and in fact paid by you to the appropriate governmental authority; and (ii) all customer refunds, valid discounts and coupons, and credits made by the Assisting Hands Business (exclusions will not include any reductions for credit card user fees, returned checks, or reserves for bad credit or doubtful accounts).

• The financial performance representations above do not reflect the costs of sales, operating expenses, or other costs or expenses that must be deducted from the gross revenue or gross sales figures to obtain your net income or profit.

• You may operate up to three Assisting Hands Businesses from one Office, provided that they have adjoining territories. In the past, Assisting Hands allowed certain franchisees to operate more than three Assisting Hands Businesses from one Office.

• Assisting Hands allows franchisees with multiple Assisting Hands Businesses to report a combined Gross Revenue figure to it. Assisting Hands does not collect or require franchisees to provide it with separate Gross Revenue numbers for each Assisting Hands Business they operate.

• Because the Gross Revenue figures above include aggregate totals from franchisees with multiple Assisting Hands Businesses, these figures may include significantly higher Gross Revenue than the typical franchisee would generate operating a single Assisting Hands Business. A breakdown of the Gross Revenue by each Assisting Hands Business would result in significantly lower Gross Revenue for franchisees with multiple Assisting Hands Businesses.

• Some Assisting Hands Businesses have sold this amount. Your individual financial results may differ. There is no assurance that you will sell as much.

Section VI – Assisting Hands Home Care Franchise Ratios, Comparables, Computations, and Analyses (Exclusive Content for Platinum Subscribers) ⬇️