HomeCare Advocacy Network Franchise FDD, Costs & Fees (2024)
KEY FRANCHISE STATS
All you need to know about this franchise in a snapshot
Initial franchise fee
$55,000
Investment required
$145,000 – $187,000
HomeCare Advocacy Network: Empowering Families with Compassionate In-Home Care
Founded in 2021 in Omaha, Nebraska, the HomeCare Advocacy Network (HCAN) is dedicated to providing exceptional in-home care services that enable seniors to maintain independence and quality of life.
With its headquarters in Omaha, HCAN has rapidly expanded its reach, offering franchise opportunities to individuals passionate about making a positive impact in their communities.
HCAN began franchising in 2021, extending its mission to empower families by delivering personalized, compassionate care tailored to each client's unique needs. The network offers a comprehensive range of services, including personal care, companionship, and assistance with daily living activities, all designed to support seniors in the comfort of their own homes.
What sets HCAN apart from competitors is its unwavering commitment to advocacy and education. By focusing on building strong relationships with clients and their families, HCAN fosters trust and reliability, distinguishing itself in the rapidly growing home care industry.
Initial investment
Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.
| Type of Expenditure |
Amount |
| Initial Franchise Fee |
$55,000 |
| Training and Development Fee |
$15,000 |
| Real Estate/Rent |
$2,000 – $4,000 |
| Rent Deposits |
$750 – $1,500 |
| Leasehold Improvements |
$10,000 – $15,000 |
| Insurance |
$1,500 – $3,000 |
| Furniture and Fixtures |
$2,700 – $8,000 |
| Computer Hardware and Software |
$8,000 |
| Other Office Equipment, Medical Equipment, and Supplies |
$3,000 – $6,000 |
| Training Expenses |
$2,500 – $5,000 |
| Initial Opening Marketing |
$10,000 – $15,000 |
| Permits and Licenses |
$200 – $2,000 |
| Professional Fees |
$3,000 – $5,000 |
| Signage |
$1,000 – $4,000 |
| Additional Funds (3 months) |
$30,000 – $40,000 |
| TOTAL |
$144,650 – $186,500 |
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Franchise Disclosure Document
Training
The HomeCare Advocacy Network (HCAN) provides the following types of training programs for its franchisees:
- Initial Training Program: HCAN conducts a ten-day program at its headquarters or another designated location. This training covers administrative, operational, sales, and marketing matters. Franchisees are responsible for all expenses related to attending this training, including travel and lodging.
- Initial Field Training: HCAN provides on-site training at the franchisee’s premises, typically lasting one to two days (or longer if necessary). This training focuses on establishing and standardizing essential operational procedures and techniques.
- Ongoing Training: HCAN requires franchisees to attend refresher courses, updated training programs, and educational seminars. These may be conducted as webinars, teleconferences, or in-person events, with costs borne by the franchisees.
- Home Health Services Training: HCAN offers a specialized training program lasting up to five days for home health services. Additional training may also be required periodically through online modules, teleconferences, or webinars.
- Executive Management Training: HCAN provides training for executive management employees, office managers, and other designated personnel as part of regularly scheduled training classes.
- Mandatory Annual Conference: HCAN organizes an annual conference that includes seminars, regional meetings, and other training events. Attendance is mandatory for new franchisees during their first or second year.
Territory Protection
The HomeCare Advocacy Network (HCAN) offers territory protection to its franchisees under specific conditions. Franchisees are granted a "Designated Area," defined by zip codes and population demographics, typically including 15,000 to 30,000 individuals aged 65 and older.
Within this designated territory, HCAN agrees not to license or operate another franchise or company-owned business, provided the franchisee complies fully with the terms of the franchise agreement and remains in good standing.
However, HCAN retains certain rights that may affect exclusivity. For instance, the franchisor may continue serving clients in overlapping areas for continuity of care if those services existed before the new franchise agreement was executed.
