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CARE HOMES

CARE HOMES

BrightStar Care Homes franchises enable operators to develop and manage up to three 10-to-12-bed assisted-living and memory-care communities in residential settings, providing supervised residential assisted-living, memory-care, and ancillary services to seniors and individuals in need. Franchisees must staff qualified healthcare professionals 24/7 and comply with all relevant healthcare regulations. The business targets the growing aging population requiring assistance with daily living activities or specialized care for conditions like Alzheimer’s or dementia.

Since 2021HealthcareBannockburn, ILBrightStar Group Holdings, Inc.www.brightstarfranchise.com
2024 FDDItem 19 AvailableSBA Loan Data

Disclaimer: This information was extracted using AI from public Franchise Disclosure Documents and should be independently verified. This is not financial or legal advice. Always review official FDD filings before making investment decisions.

Overview

Investment
$201,308 - $329,850
Franchise Fee
$50,000
Locations
5

Financial Requirements

Franchise Fee$50,000
Initial Investment Range$201,308 - $329,850
Royalty Rate5.00%
Brand Fund2.50%
Fixed Monthly Fees$150 - $650

5% royalty + greater of 2.5% or $500/mo per Community ad fund + $150/mo electronic client management software (additional $10/mo per client over 10); technology/email fee of $100-$500/mo per Community if implemented

Franchise Stats

Franchise Locations5
Corporate Locations0
States Operating2
Franchising Since2021
FDD Year2024

Financial Performance

Item 19 Financial Performance

Average Gross Revenue
$656,132.33
Median Gross Revenue
$653,938

Data Based On: 3 franchised BRIGHTSTAR CARE HOMES Communities, specifically Prickly Pear, Taft, and Stephen Communities.

* Average gross revenue calculated from the latest full year revenue of 3 franchised communities: Prickly Pear (2022): $570,166, Stephen (2023): $653,938, Taft (2023): $744,293. Average = ($570166 + $653938 + $744293) / 3 = $656,132. Median gross revenue is the middle value of the sorted revenues: $653,938. Revenue top quartile and bottom quartile are not applicable for a sample size of 3 units.

Extracted Item 19 Section

How CARE HOMES Compares to Other Senior Care Franchises

Key Insights

  • Higher investment than 91% of Senior Care franchises
FranchiseInvestment RangeFranchise FeeRoyaltyLocations
CARE HOMES
Current
$201K - $330K$50K5.0%5
SYNERGY HOME CARE$78K - $159K$53K5.0%550
SENIOR HELPERS$149K - $221K$55K5.0%355
ALWAYS BEST CARE SENIOR SERVICES$90K - $146K$50K6.0%275
COMFORCARE HOME CARE$73K - $164K$59K5.0%248
FIRSTLIGHT HOME CARE$127K - $219K$50K5.0%238
Senior Care Average
43 franchises
$159K - $338K$62K5.7%-

* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 43 Senior Care franchises by location count.

Locations & Growth

Outlet Growth Over Time

Total outlets at end of each year

Geographic Distribution (2023)

Outlets by state across the United States

Top States by Outlet Count
1ID
5

SBA Loan History

Historical SBA 7(a) loan data for CARE HOMES franchisees (2017 - 2017)

Total Loans
1
Average Loan Amount
$654,000
Total Loan Volume
$654,000
Default Rate
0.0%

Loans by Year

* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.

Franchisee Contacts

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Due Diligence

Litigation (Item 3)

Franchisee Litigation Cases4

Former franchisee claims alleging breach of contract, fraud, misrepresentation, and violations of franchise laws related to franchise acquisition, territory, software, and marketing; franchisor claims against terminated franchisees for post-termination liquidated damages and fees.

Bankruptcy (Item 4)

Bankruptcy HistoryNo

No bankruptcy history reported in the FDD.

System Health (Item 20)

Franchise system changes reported in the most recent fiscal year

Terminations
0
Non-Renewals
0
Reacquired by Franchisor
0
Ceased Operations (Other)
0
System Transfers
0
Sold to Franchisees
0
Projected New Franchises
4

Frequently Asked Questions

How much does it cost to open a CARE HOMES franchise?

The total initial investment to open a CARE HOMES franchise ranges from $201,308 to $329,850. This includes a franchise fee of $50,000. Ongoing royalty fees are 5.0% of gross sales.

How much revenue does a CARE HOMES franchise make?

According to the 2024 FDD, the average gross revenue for a CARE HOMES franchise is $656,132.33. The median revenue is $653,938.

How many CARE HOMES franchise locations are there?

As of the 2024 FDD, CARE HOMES has 5 franchise locations. The company has been franchising since 2021.

Can you get an SBA loan for a CARE HOMES franchise?

Yes, SBA loans are available for CARE HOMES franchises. Historical data shows 1 SBA 7(a) loans have been approved for CARE HOMES franchisees, with an average loan amount of $654,000. The historical default rate is 0.0%.

Is CARE HOMES a good franchise to buy?

CARE HOMES shows several positive indicators: transparent financial performance data (Item 19), low SBA loan default rate. However, franchise success depends on many factors including location, local market conditions, and owner involvement. We recommend speaking with existing franchisees and consulting with a franchise attorney before making a decision.

Interested in CARE HOMES?

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