ActiKare In Home Care Services
ActiKare In Home Care Services offers in-home companion services to clients who prefer care at home over facility-based options. Known for affordable, personalized care, this franchise operates within the senior care and home health assistance sector.
ActiKare In Home Care Services franchise FAQ
How much does it cost to open one — the total initial investment?
The estimated total initial investment required to begin operation ranges from $32,530 to $57,550. This includes a payment ranging from $19,750 to $39,750 that must be paid to the franchisor or affiliate, depending on the territory size [p.1].
What is the initial franchise fee?
The initial franchise fee varies depending on the population of the territory [p.11]. This isn't specified in the excerpts for a particular amount.
What are the ongoing royalty and advertising fees?
The ongoing royalty fee is based on gross sales for services provided outside of the protected zip codes, with a 10% royalty due. For within-territory services, there's a minimum royalty fee of $450 or $550 per month depending on territory population, which must be paid regardless of sales levels [p.76, p.14, p.4]. Additionally, it is recommended to spend at least $1,000 monthly on approved local paid advertising within the territory [p.60].
How long is the initial franchise agreement, and can I renew it?
The initial term of the franchise agreement is seven (7) years [p.63]. You can renew the agreement for successive periods of seven (7) years as long as you have complied with the provisions during the initial and any renewal terms [p.63].
Can I sell or transfer my franchise, and what does that require?
According to the FDD, you may transfer your business at any time provided you are current with fees and compliant with all obligations under the agreement. However, you must obtain prior written consent from the franchisor, which shall not be unreasonably withheld if you meet certain conditions [p.66].
On what grounds can the franchisor terminate the agreement?
The franchisor may terminate the agreement on any grounds available by law, but it generally requires the franchisee to have failed to comply with lawful provisions of the franchise agreement and not cured such failure after being given written notice and a reasonable opportunity, which cannot exceed 30 days [p.5].
What financial requirements — net worth and liquid capital — do I need to qualify?
This isn't specified in the excerpts.
Do I get an exclusive or protected territory?
Yes, you receive an exclusive territory as long as you comply with the terms and conditions in the Franchise Agreement [p.24]. This means the franchisor will not operate another ACTIKARE® business within your designated area unless you are in default of the agreement [p.25].
What training and ongoing support does the franchisor provide?
The franchisor provides an initial training program consisting of 10 hours of web-based pre-training and post-training along with approximately 2-3 days of on-site corporate training at their headquarters in Tampa, Florida, or another mutually agreed-upon location [p.23]. This training is mandatory to open the business, and any extension beyond 180 days from signing the agreement or receiving a state license may result in termination of the franchise agreement [p.23]. Additionally, ongoing support includes unlimited phone support during normal business hours and periodic conferences on various topics such as sales techniques, bookkeeping, performance standards, and advertising programs [p.59].
How many franchised outlets are there, and how many have closed or been terminated?
As of the date of this Disclosure Document, there are 150 franchise locations. The FDD does not specify the number of closed or terminated franchises [p.3].
Does the franchisor share any financial performance or earnings information?
Yes, the franchisor shares financial performance information based on historical data from operating franchises. Specifically, Tables 1-4 provide representations based on the financial performance of ActiKare Franchised Businesses that have been operating for at least 12 months, while Tables 5-8 offer similar information for businesses that have operated for at least 24 months [p.31, p.32]. However, these figures represent gross sales and are not audited; they do not reflect net income or profit after deducting costs and expenses [p.34].
What am I restricted to selling, and where must I buy supplies?
You must offer for sale all products required by the franchisor from time to time and may not sell unauthorized items [p.28]. Additionally, you may have to purchase or lease certain items from the franchisor or a limited group of suppliers they designate, which might be more expensive than other options [p.3].