Firstlight Home Care Franchise FDD, Profits, Costs & Fees (2024)

FirstLight Home Care, established in 2009 and headquartered in Cincinnati, Ohio, entered the franchising market in 2010. It has quickly distinguished itself in the home care industry by offering non-medical and personal care services to seniors, new mothers, disabled adults, and others needing assistance at home. 

The franchise’s services are designed to help individuals maintain a quality life at home, which resonates with the growing desire among seniors to age in place.

What sets FirstLight Home Care apart is its commitment to a “Culture of Care” that emphasizes compassion and quality service. This approach has been recognized within the industry, earning FirstLight numerous awards for franchisee satisfaction and company culture. 

Initial Investment

How much does it cost to start a FirstLight Home Care franchise? It costs on average between $126,000 – $200,000 to start a FirstLight Home Care franchised center.

This includes costs for construction, equipment, inventory, and initial operating expenses. The exact amount depends on various factors, including the location, and whether the franchisee chooses to lease or purchase the property.

Type of ExpenditureAmount
Initial Franchise Fee$50,000
Training Fee$5,000
Travel and Training Expenses$2,050 to $3,550
Business Premises$0 to $3,300
Start-Up Supplies and Inventory$300 to $900
Employment Screening$275 to $360
Equipment, Signage, Graphics$250 to $2,450
Marketing, Advertising and Promotions$4,500
Grand Opening Marketing$10,000
Other Paid Expenses$5,300 to $7,600
Business Permits, Licenses and Fees$0 to $5,000
Insurance$7,500 to $18,000
Computer Equipment$2,500 to $4,000
Additional Funds: 3 to 6 Months$38,000 to $85,000
Totals$126,000 to $200,000

Average Revenue (AUV)

How much revenue can you make with a FirstLight Home Care franchise? A FirstLight Home Care franchised business makes on average $1,011,000 in revenue (AUV) per year.

Here is the extract from the Franchise Disclosure Document:

FirstLight Home Care fdd item 19 extract

This compares to $754,000 yearly revenue for similar in-home care franchises. Below are 10 FirstLight Home Care competitors as a comparison:

FirstLight Home Care Franchise Disclosure Document

Frequently Asked Questions

How many FirstLight Home Care locations are there?

As of the latest data, FirstLight Home Care operates 151 locations across the United States. These locations are primarily franchise-owned, as FirstLight Home Care follows a franchising model to expand its services nationwide.

What is the total investment required to open a FirstLight Home Care franchise?

The total investment required to open a FirstLight Home Care franchise ranges from $126,000 to $200,000.

What are the ongoing fees for a FirstLight Home Care franchise?

A FirstLight Home Care franchise requires a 5% royalty fee on gross revenues and a national advertising fee, which is the greater of 1% of gross revenues or $25 per month. These fees support brand development and marketing efforts.

What are the financial requirements to become a FirstLight Home Care franchisee?

To become a FirstLight Home Care franchisee, you need a minimum net worth of $250,000 and at least $150,000 in liquid capital. These financial prerequisites ensure that franchisees have the necessary resources to establish and sustain their business effectively.

How much can a FirstLight Home Care franchise owner expect to earn?

The average gross sales for a FirstLight Home Care franchise are approximately $1.01 million per location. Assuming a 15% operating profit margin, $1.01 million yearly revenue can result in $152,000 EBITDA annually.

Who owns FirstLight Home Care?

FirstLight Home Care is a privately held company. The current President and CEO is Glee McAnanly, who has been leading the organization since June 2022. The company operates on a franchise model, with over 200 independently owned and operated locations across the United States.

Disclaimer

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