To learn more about our hospice franchise startup costs, it’s best to go straight to the source: our franchise disclosure document (FDD). If you’re new to franchising, all franchisors develop an FDD to give prospective investors all the details on the process of opening a new franchise, including how much they should expect to spend and what they can look forward to in return. Here, we’ll introduce you to a few key parts of the FDD and give you a sneak peek at some of the information ours includes.
Hospice Franchise Startup Costs
Some of the most sought-after information in any FDD relates to the estimated total initial investment. This section will break down just about everything prospective investors should expect to spend when they open a new franchise. For instance, the cost to open one of our hospice franchises starts at around $390K.
When you request a copy of our FDD, you’ll be able to see exactly what goes into that investment (from marketing to insurance and licensing fees) for hospice franchise startup costs.
The Initial Franchise Fee
One of the most important parts of the hospice franchise startup costs is the initial franchise fee. Like every franchisor, Interim HealthCare assesses an initial franchise fee to help offset some of the costs associated with your onboarding. However, some franchisors use the franchise fee to provide more support than others.
When you start a hospice franchise with Interim HealthCare, $60K of your initial investment will go towards the initial franchise fee. This modest fee grants you access to a wide range of resources including:
- A comprehensive initial training program to show you the ins and outs of our business model
- Interim University, an online platform designed for ongoing training
- Use of our highly-regarded brand name
- Carefully developed operations procedures designed to save you time and money
- … and much more!
A Breakdown of Fees
In exchange for the ongoing support franchisees receive, all franchisors assess fees – usually a small percentage of franchisees’ gross revenue. It’s important to have a good understanding of what fees you’ll be responsible for before you open your doors to avoid any unpleasant surprises. The FDD clearly lays out any ongoing fees so that franchisees can make a clear plan of action.
Background on the Franchisor
At Interim HealthCare, we want prospective franchisees to feel free to ask us any questions about our brand throughout the process of starting a new location. The FDD provides some background information on the franchisor, including current leadership, history, and details on affiliates.
These are just a few key pieces of information you should look for in the FDD. If you’re ready to learn more about our hospice franchise startup costs, contact us today to request a copy.