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Description

How To Open a BrightStar Care Franchise?

To begin your journey with a BrightStar Care franchise, you will need to fill out a franchise application and undergo a review process. After your application is accepted, you'll participate in a comprehensive training program, which covers essential operations and the BrightStar Care business model. This training is crucial for understanding both the non-medical and medical home care services you will provide. Once you complete the training and meet all pre-opening requirements, including securing a location and obtaining necessary licenses, you will be ready to launch your agency.

What Might Make a BrightStar Care Franchise a Good Choice?

Investing in a BrightStar Care franchise could be a promising opportunity due to the increasing demand for home healthcare services. The total investment needed ranges from $112,459 to $231,538 in standard markets, which includes a franchise fee of $50,000. BrightStar Care provides a robust support system, including marketing, operational guidance, and access to the Athena Business System for efficient management. Additionally, the franchise offers multiple revenue streams including non-medical, personal care, and skilled care services, catering to a wide range of client needs.

Why You May Want to Start a BrightStar Care Franchise?

BrightStar Care is recognized for its commitment to quality care and comprehensive service offerings, which include skilled nursing and personal care. As a franchisee, you can tap into a growing market, with the average revenue for agencies in operation for two years reaching approximately $2.3 million. With a focus on personalized care plans and a proven business model, franchisees can build a reputable agency while making a meaningful impact in their communities. The ongoing support from BrightStar ensures that you are not alone in your venture.

Is Owning a BrightStar Care Franchise the Right Move for You?

Owning a BrightStar Care franchise might be ideal if you are passionate about healthcare and helping others. The franchise operates in a highly competitive but rewarding industry, with the potential for significant earnings as demonstrated by the average revenue figures. However, it is essential to thoroughly assess your financial readiness and commitment to meet the operational standards required by BrightStar Care. As a franchisee, you will be expected to maintain high client satisfaction and employee engagement, which are critical for success in this business model.

BrightStar Care Franchise Financial Requirements

Below, you’ll find an overview of the initial investment needed to launch the business, along with the ongoing fees required by the franchisor to maintain operations over time.

A broad sector defining similar types of franchise businesses.

Industry

Healthcare & Senior Care
A more specific division within the broader industry.

Category

Home Healthcare
Available financing options to help start the franchise.

Funding Year

2005
The main organization that owns the franchise brand.

Parent Company

BrightStar Group Holdings Inc.
The key individuals guiding the franchise’s strategy and growth.

Leadership

Shelly Sun
The official business address of the franchisor’s headquarters.

Corporate Address

1125 Tri-State Parkway, Suite 700, Gurnee, Illinois 60031
The total amount required to launch the franchise.

Initial Investment

$87,459 - $231,538
The initial fee paid to join the franchise system.

Franchise Fee

$50,000
Ongoing percentage of revenue paid to the franchisor.

Royalty Fee

5.25%
Regular contribution toward the franchise’s advertising fund.

Marketing Fee

2.50%
The minimum liquid capital you must have on hand.

Cash Required

$112,459 - $231,538
The minimum total assets (minus liabilities) you must possess.

Net Worth Required

$0 - $5,000,000
The typical yearly revenue generated per franchise location.

Average Revenue

$2,320,210
The middle value of yearly revenue among franchise locations.

Median Revenue

$2,064,882
The smallest reported annual revenue among franchisees.

Lowest Revenue

$134,392
The largest reported annual revenue among franchisees.

Highest Revenue

$12,268,997
The estimated timeframe to recover your initial costs.

Breakeven Time

30 Months
The estimated period to recoup your total investment.

Investment Payback

18 Months

BrightStar Care Franchise Unit Growth Summary

A breakdown of corporate, franchised, and total units, with yearly net changes shown in the chart and table.

The overall number of operating franchise locations.

Total Units

378
The number of locations owned by independent franchisees.

Franchised Units

347
The number of locations owned and run by the franchisor.

Corporate Units

31
Units 2021 2022 2023
Total Units 332 371 378
Net Change YoY 39 7
Franchised Units 329 351 347
Net Change YoY 22 -4
Corporate Units 3 20 31
Net Change YoY 17 11

Company Background

BrightStar Care is a leading provider of home care services and medical staffing, with a robust presence across the United States. Founded in 2002, BrightStar Care has established itself as a trusted brand, delivering high-quality care to individuals and families. With a focus on personalized care plans, the franchise caters to a wide range of needs, including senior care, pediatric care, and support for individuals with disabilities. Today, BrightStar Care operates over 300 locations, providing essential services that enhance the quality of life for its clients.

Franchise Opportunity

Investing in a BrightStar Care franchise offers a unique opportunity to enter the growing home care industry, which is projected to continue expanding as the population ages. As a franchisee, you will benefit from a proven business model, comprehensive training, and ongoing support from the corporate team. BrightStar Care's established reputation and commitment to excellence in care make it an attractive option for entrepreneurs looking to make a meaningful impact in their communities while building a successful business.

Corporate Structure

BrightStar Care is a subsidiary of BrightStar Healthcare, LLC, which was formed in 2002. The franchise operates under the registered trademark "BrightStar Care." The corporate headquarters is located at 2000 W. 47th St., Suite 200, Westwood, KS 66205. The company has developed a robust operational framework designed to support franchisees in delivering high-quality care while maintaining compliance with industry regulations and standards.

Royalties

BrightStar Care franchisees are required to pay a royalty fee of 5% of their gross sales, along with an additional marketing contribution of 1% to 3% for national and local marketing efforts. These fees are essential for maintaining the brand's reputation and supporting franchisee growth through advertising and promotional activities that attract clients.

Company Mission

BrightStar Care's mission is to provide the highest-quality home care services to enhance the lives of those we serve. With a focus on compassion, professionalism, and integrity, the company aims to be the trusted partner for families in need of care. BrightStar Care is dedicated to ensuring that every client receives personalized attention and support, empowering them to live independently and comfortably in their own homes.

Brand Story

Founded by a registered nurse, BrightStar Care began its journey with a vision to revolutionize the home care industry. Since its inception in 2002, the brand has grown rapidly by prioritizing quality care and customer satisfaction. The unique combination of medical and non-medical services offered by BrightStar Care distinguishes it from competitors, making it a preferred choice for families seeking comprehensive support. Today, the brand is synonymous with excellence in home care, continually evolving to meet the needs of clients across the nation.

Frequently Asked Questions

The estimated initial investment to open a BrightStar Care franchise ranges from approximately $100,000 to $150,000. This includes various startup costs such as the franchise fee, equipment, and initial operating expenses.