2nd Family Franchise Support
How Much Does a 2nd Family Franchise Cost?
There are many reasons why you might be looking at a 2nd Family home care franchise business opportunity: You want to take advantage of an increasingly popular business model or leverage the growth potential in an established brand to add to your portfolio. Here are a few things to consider as you evaluate the investment needed to take advantage of this home care franchise opportunity.
Getting Started: The total investment necessary to begin operation of a 2nd Family start-up franchise is estimated to be between $84,020 and $141,539. This includes an initial franchise fee of $45,000.
Potential ROI: To give you a better idea of what franchise royalties 2nd Family requires, as well as to learn more about franchisees past return on investment ask about our item 19 information.
Financing: While 2nd Family doesn’t offer any direct or indirect financing, we may be able to refer you to third party financing resources on a case-by-case basis.
We currently offer a 10% discount on the Initial Franchise Fee to veterans of the U.S. armed forces who have been honorably discharged from the military and who otherwise meet our requirements.
Here’s a breakdown of your estimated initial franchise investment:
|Type of Expenditure||Amount||Method of Payment|
|Initial Franchise Fee||$45,000||Lump sum payment in cash or available funds.|
|Your Training Expenses||$1,950 – $2,500||As required for transportation, lodging & meals|
|Rent deposits||$1,000 – $1,667||As required by landlord|
|Utilities Deposits||$200 – $500||As required by utility providers|
|Office Furniture, Fixtures, Equipment and Supplies||$1,000- $3,135||As required by supplier|
|Signage||$600 – $2,500||As incurred|
|Licenses and Permits||$500 – $3,000||As required by government agencies|
|Computer Systems||$3,500 – $7,237||As required by suppliers|
|Initial Inventory to Begin Operating||$2,270 – $3,000||As required by suppliers|
|Professional Fees||$1,000 – $3,000||As required by providers|
|Grand Opening Advertising||$10,000- $20,000||As required by supplier|
|Insurance||$3,000 – $10,000 (annually)||As required by insurer|
|Operating Expenses / Additional Funds – 3 months||$14,000 – $40,000||As incurred|
|TOTAL||$84,020 to $141,539|
Thank you for your interest in 2nd Family. If you would like to learn more about how to open a 2nd Family in-home care business, click here to request more information or you can contact us at 1-800-987-0191.