TOUCHING HEARTS

TOUCHING HEARTS

Touching Hearts franchises provide high-quality personal care, non-medical in-home care, companionship, care management, and optional ancillary medical and skilled nursing services using the franchisor's proprietary system and trademarks. The business model involves granting franchises to qualified individuals or entities to operate these home healthcare businesses, with initial investments ranging from $84,600 to $147,200. The target market includes older adults, seniors, persons with disabilities, and others with care service needs.

65
Locations
$85K–$147K
Investment
Since 2007
Franchising
ServicesMinneapolis, MNwww.touchinghearts.comDisclaimer

Franchise Costs


Franchise Fee
$49,500
Item 5 of FDD
Initial Investment Range
$84,600 $147,200
Low: $84,600High: $147,200
Item 7 of FDD
Royalty Rate
6.00%
of gross sales
Brand Fund
2.00%
Item 6 of FDD
Fixed Monthly Fees
$200 – $200
Item 6 of FDD

6% service fee (royalty) + up to 2% marketing fund (currently not collected) + $200/mo technology fee

Financial Performance


Item 19 Financial Performance

Average Gross Revenue
$0
Median Gross Revenue
$0
Top Quartile Revenue
$0
Bottom Quartile Revenue
$0

Data Based On: 62 franchised Businesses open for full year 2024

* Average gross revenue confirmed by calculating weighted average from quartile data in Table 2: (15 units × $2,356,995 + 16 units × $1,214,692 + 16 units × $682,136 + 15 units × $221,605) / 62 total units = $1,113,358.84, which rounds to $1,113,359 as stated in Table 1.

Extracted Item 19 Section

How TOUCHING HEARTS Compares


Key Insights

  • Lower than average SBA loan default rate in Senior Care
FranchiseInvestmentFeeRoyaltyLocations
TOUCHING HEARTS
Current
$85K – $147K$50K6.0%65
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
$158K – $336K$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 (2024)

Outlets by state across the United States

Top States
1NY
10
2MN
9
3FL
8
4WI
5
5CO
5
6TX
5
7TN
4
8PA
4
9OH
3
10NJ
2
11IL
2
12AZ
1
13ID
1
14KS
1
15MA
1

+6 more states

SBA Loan History


Historical SBA 7(a) loan data for TOUCHING HEARTS franchisees (20172019)

Total Loans
4
Average Loan
$147,500
Total Volume
$0.6M
Default Rate
25.0%

Loans by Year

SBA 7(a) loan activity over time

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

Franchisee Contacts


80 franchisee contacts on file from official FDD filings.

NameSBA Loan
John Smith
ABC Franchise LLC
$350,000
2023 · Active
John Smith
ABC Franchise LLC
$350,000
2023 · Active
John Smith
ABC Franchise LLC
$350,000
2023 · Active
John Smith
ABC Franchise LLC
$350,000
2023 · Active
John Smith
ABC Franchise LLC
$350,000
2023 · Active

80 Contacts Available

Unlock all TOUCHING HEARTS franchisee contacts with verified contact information

Due Diligence


Litigation (Item 3)

Franchisee Cases0
No litigation involving franchisees reported

Bankruptcy (Item 4)

Bankruptcy HistoryNo
No bankruptcy history reported

System Health (Item 20)

Franchise system changes reported in the most recent fiscal year

Terminations
0
Non-Renewals
0
Reacquired
0
Ceased Ops
3
Transfers
4
Sold to Franchisees
0
Projected New
15

Frequently Asked Questions


The total initial investment to open a TOUCHING HEARTS franchise ranges from $84,600 to $147,200. This includes a franchise fee of $49,500. Ongoing royalty fees are 6.0% of gross sales.

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