How to Buy and Grow a Home Care Business (2024)

🏥 Dive into the world of senior care with Brandyn Simmons, a Caring Senior Service franchisee, in an exclusive interview with Patrick Findaro from Vetted Biz! 🌟In this insightful discussion, Simmons draws upon his rich healthcare background, including his experience as a hospice chaplain, to shed light on his unique approach to senior care within the franchise model. From caregiver sourcing to financial performance and community collaboration, learn about the operational intricacies that drive success in this industry. 💼💡 🤝 Simmons generously shares valuable advice for aspiring business owners, offering a comparison between acquiring existing businesses and starting a franchise. Discover financing options such as conventional and SBA loans tailored for franchise acquisition. 💰💼 Don't miss out on this invaluable conversation packed with wisdom and practical insights! Hit the subscribe button and join our community for more exclusive content on entrepreneurship and franchise success! 🔔✨
Contact Brandyn Simmons:
/ brandynsimmons
Visit Caring Senior Service Website:
www.caringseniorservice.com/
🔍 Don't miss out on our exclusive franchise comparison tool available on our website! It's your gateway to further exploring the intricate details of these two renowned brands. 💡
www.vettedbiz.com/comparison-...
📞 Ready to take the next step in your franchising journey? 🚀 Contact a specialist today to explore your options and begin your journey to business ownership.
www.vettedbiz.com/franchise-b...
00:00 Introduction
00:08 About Brandyn Simmons' background
01:35 How do you and the franchisor divide and conquer?
02:23 About sourcing and the initial vetting of the caregivers
03:04 About your time as a hospice chaplain
05:25 When did you make the decision that it was going to be a type of business-like Caring Senior Service?
06:44 Client tenure, is longer for in-home care versus Assisted Living?
07:29 About Caring Senior Service's financials
08:38 Do you find the other franchisees in the caring system are open to opening their books up and sharing the numbers?
09:29 About Brandyn Simmons' locations
11:00 Any advice for would-be business owners on the business acquisition side as opposed to just opening a franchise from zero?
15:26 Existing business times vs. New business times
16:07 How many term sheets do you receive in that year?
17:49 Did you model reasonable increase expectations for your acquisitions?
18:44 About Caring Senior Service's net profit
19:39 About franchise acquisition
20:58 Conventional Loans vs. SBA Loans
23:43 Concluding Thoughts
24:39 Conclusion
#CaringSeniorServiceFranchisee #VettedBiz

[@Vettedbiz]

If you want to learn more about opportunities for this and new franchises, you can do it by filling out this form: www.vettedbiz.com/franchise-specialist/

[@msway836]

Whats the Start up Cost etc dont see it on their website...thx

[@Vettedbiz]

Hey! You can see everything here: www.vettedbiz.com/franchises/caring-senior-service/

[@sojibrajii]

Hi there,
U need a professional TH-cam thumbnail designer?