$83,950
So, you’re up and running, signed your first clients — Congratulations! One big consideration of ongoing costs to start a home care business using a franchise are the ongoing monthly royalties you’ll pay, ranging from 3% to 7%, average is 5-6%. The cost of long term care varies greatly, depending on the type of care, the place provided, and the region where you receive your care. For instance, the average hourly cost of home care ranges from $15 per hour in Montgomery, Alabama, to $24 per hour in Hartford, Connecticut. Nursing home care costs vary from $148 per day in Shreveport, Louisiana, to $462 in New York City for a semiprivate room. Suddenly, the costs to start a home care business have just ballooned! Once you’ve proven your net worth, the franchise license is an investment of between $20,000 and $90,000. Some franchisors will finance a portion of this. Most non-medical care service franchises run the midpoint at $35,000 to $48,000. The median annual cost of care in an assisted living facility is $41,400, up nearly 5% from last year and 23% higher than five years ago, Genworth found. The cost of at-home care, such as home health aides or homemakers, is rising at a much slower pace. Hiring a homemaker, who typically assists seniors with cleaning, cooking and transportation, currently costs a median $41,756 per year -- up just 1% from last year and a mere 4% increase from five years ago. Some average costs for long-term care in the United States (in 2010) were: 1  $205 per day or $6,235 per month for a semi-private room in a nursing home. 2  $229 per day or $6,965 per month for a  The cost of living at a nursing home has soared to a new high of more than $80,000 per year. Over the past five years, the median annual cost of private nursing home care has jumped 24% from $67,527 to $83,950, according to Genworth's 2013 Cost of Care Survey, based on data from nearly 15,000 long-term care providers. From 2012 to 2013 alone, the price climbed 4%.
http://www.homecarehowto.com/home-care-business-costs.html/ https://www.ltcfeds.com/start/aboutltc_cost.html http://www.homecarehowto.com/home-care-business-costs.html/ http://money.cnn.com/2013/04/09/retirement/nursing-home-costs/index.html http://longtermcare.gov/costs-how-to-pay/costs-of-care/ http://money.cnn.com/2013/04/09/retirement/nursing-home-costs/index.html
cost of starting a nursing home