Talem Home Care Franchise FDD, Profits & Costs (2025)
Talem Home Care is a franchise specializing in senior care and placement services, committed to improving the lives of older adults. The brand was founded in 2013 by Jake Rankin in Broomfield, Colorado, and expanded into franchising in 2016.
The company provides a wide range of non-medical home care options such as personal assistance, companionship, and help with daily living activities. In addition, it offers senior living placement services designed to guide families in finding the right long-term care solutions. Its mission is centered on helping aging individuals enjoy a fulfilling life through reliable care and dedicated support.
What sets Talem apart is its use of evidence-based programs that address challenges like loneliness, isolation, and depression among seniors. The franchise also integrates initiatives aimed at promoting brain health and cognitive fitness.
Initial Investment
How much does it cost to start a Talem Home Care franchise? It costs on average between $52,000 – $238,000 to start a Talem Home Care franchised center.
This includes costs for office space, furnishings, equipment, licensing, and initial operating expenses. The exact investment will vary based on factors such as the size and location of the territory, local market conditions, and whether the franchisee leases or purchases office space. Talem Home Care offers 3 types of franchises:
| Type of Business | Amount |
|---|---|
| Senior Placement Services Only Talem Home Care Business | $52,015 – $113,465 |
| Home Care Only Talem Home Care Business | $80,064 – $237,565 |
| Home Care + Senior Placement Services Talem Home Care Business | $80,824 – $210,475 |
We are summarizing below the main costs associated with opening a Home Care Only Talem Home Care Business.
For more information on the various types of franchises and its costs, refer to the Franchise Disclosure Document (Item 7).
| Type of Expenditure | Amount |
|---|---|
| Initial Franchise Fee | $38,500 – $71,500 |
| Onboarding Fee | $5,500 |
| Initial Business/Professional Development Fee | $3,000 – $5,000 |
| Furniture, Fixtures and Office Equipment | $0 – $3,000 |
| Signs | $0 – $2,000 |
| Computer, Software and System | $500 – $2,500 |
| Prepaid Rent and Lease Deposits | $99 – $1,500 |
| Printing, Stationery and Office Supplies | $750 – $2,000 |
| Grand Opening Marketing | $2,000 – $4,500 |
| Licenses | $0 – $2,000 |
| Senior Advisor Certification | $1,190 – $2,290 |
| Administrator or Nurse | $0 – $10,000 |
| Salesperson | $0 – $30,000 |
| Insurance Deposits and Premiums | $1,000 – $3,000 |
| Travel, Lodging and Initial Training | $1,500 – $4,500 |
| Professional Fees | $750 – $3,000 |
| Home Care Association of America Membership | $275 |
| Additional Funds – Three Months | $25,000 – $85,000 |
| Total Estimate | $80,064 – $237,565 |
Average Revenue (AUV)
How much revenue can you make with a Talem Home Care franchise? A Talem Home Care franchised facility makes on average $1,249,000 in revenue (AUV) per year.
Here is the extract from the Franchise Disclosure Document:
Download the Franchise Disclosure Document
Frequently Asked Questions
How many Talem Home Care locations are there?
As of the latest data, Talem Home Care operates a total of 9 locations, consisting of 7 franchise-owned units and 2 company-owned units.
What is the total investment required to open a Talem Home Care franchise?
The total investment required to open a Talem Home Care franchise ranges from $52,000 to $238,000.
What are the ongoing fees for a Talem Home Care franchise?
A Talem Home Care franchise carries ongoing fees that include a royalty fee of 5% of gross sales. In addition, franchisees contribute between 0% and 2% of gross sales toward the brand development and marketing fund, which supports national and regional advertising initiatives.
What are the financial requirements to become a Talem Home Care franchisee?
To qualify to become a Talem Home Care franchisee, you need to have a minimum net worth of $500,000. In addition, you must have liquid capital between $60,000 and $100,000 available.
How much can a Talem Home Care franchise owner expect to earn?
The average gross sales for a Talem Home Care franchise are approximately $1.25 million per location. Assuming a 15% operating profit margin, $1.25 million yearly revenue can result in $188,000 EBITDA annually.
Who owns Talem Home Care?
The Talem Home Care franchise is owned by Jake Rankin, who founded the company in 2013 in Broomfield, Colorado.
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