FAQS
The Million Dollar Questions!
Q: How much money can I make?
A: This is a great question. While we cannot make any guarantees, we are one of the few firms that do have an Item 19 earnings disclosure in our FDD. Fill out our online form to start to get to know us.
Q: What is the initial investment for a BrightStar homecare franchise?
A: The initial fee is $35,000. You'll need to have an additional $69,700 to $130,300 to cover startup costs such as furniture and signage, as well as the first three months of operations. This amount also includes $25,000 to $50,000 to cover the payroll of field staff until your business begins paying for itself.
Q: What do I get for my franchise fee?
A: You will gain access to our proven business model. You will not have to experience the frustration or trial and error associated with a new business. Your franchise fee also provides access to:
- Intensive new owner training
- First class marketing materials
- Cutting-edge web-based management system. No one else has a system as powerful and easy to use as ours. If you can get an internet connection, you can access the system!
- Exceptional Support. We are here for you.
Q: How big is each health care franchise territory?
A: Each exclusive territory will have a population of 200,000. We grade each potential territory according to the quantity and quality of hospitals and household incomes to meet certain criteria. Your territory will have to satisfy all of these requirements.
Q: What kind of support do franchise owners receive?
A: We are always just a phone call away. Tell us what you need and we're ready to go to work with you.
Q: How do I find clients?
A: We will provide you with hundreds of potential client contact names. You simply supply the legwork! We'll teach you who to ask for, what to ask, and how to get to the decision maker. Of course, we'll also teach you how to find people to work all of the business.
Q: What kind of owner is BrightStar looking for?
A: We know that our proven business model works, so finding the right owners is very important to us. Our typical franchisee is either a mid-level manager or above who has 5 years experience managing at least 3 people or more. Some have owned businesses before, but it is not a prerequisite. You need to be compassionate and caring. You also need to be able to build relationships, network, be resourceful, and have a net worth of $400,000.
Most of all, while we can teach you to run a successful senior care franchise, our owners also must have a passion to make a difference in the lives of seniors.
Q; Do I need medical or healthcare experience?
A: No. While it might be helpful, we did not have any medical or healthcare experience when we started. What is absolutely necessary is a passion to succeed. We'll supply the necessary framework to give you every opportunity to do so.
Q: What's the difference between Medical and Non-Medical Companies?
A: The major difference is that Medical firms are able to offer hands-on care. Non-medical firms are not able to touch their clients in any way having to do with their care. Medical firms are also able to offer wound care, injections, blood draws and physical therapy for example. Non-Medical firms offer little more than basic household tasks and companionship. Non-medical firms in our area actually refer clients to us as they are no longer able to provide the necessary services.
Medical firms are also able to provide care to clients who have much higher needs such as quadriplegics and high-tech pediatric cases. If the client needs care from more than one specialist, a medical firm can coordinate a team of caregivers to provide these services. Medical firms are able to provide every service that nursing homes and assisted living facilities are able to in the comfort of the client's own home. Clients are able to stay where they live their best without the worry of receiving the necessary care or having to move if their condition worsens.
As a medical franchise you will be able to reach many more potential clients. You will be able to bill long term care insurance and accept other types of insurance cases.
Q: How much more profitable is healthcare staffing than homecare?
A: It takes an average of two to three hours of homecare to equal one hour of medical staffing profit. Medical staffing is much more profitable than homecare.
Also, by offering staffing services, you will also be able to expand your potential market by meeting the needs of homecare clients such as quadriplegics and high-tech pediatric clients. There is no reason why you should not offer staffing services!
