FirstLight HomeCare vs IKOR Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of FirstLight HomeCare vs IKOR including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

  FirstLight HomeCare IKOR
Investment 112881 - 199376 86450 - 138083
Franchise Fee
Royalty Fee 5% 8%
Advertising Fee 1% 1%
Year Founded 2009 2000
Year Franchised 2010 2010
Term Of Agreement
Term Of Agreement
Renewal Fee


Business Experience Requirements

  FirstLight HomeCare IKOR
Experience Success-minded individuals from all occupations and walks of life will find great potential with the FirstLight HomeCare operating system. We look for people or teams of people who are caring, compassionate, outgoing, detail-oriented, visionary, entrepreneurial, positive, self-motivated, with a willingness to follow a proven system, a desire to deliver great service and a desire to be on a winning team. A minimum of $50,000 in working capital and the ability to have an equity owner participating in the business are required.

Financing Options

  FirstLight HomeCare IKOR
 
Franchise Fees
Start-up Costs
Equipment
Inventory
Receivables
Payroll

Training & Support

  FirstLight HomeCare IKOR
Training Our training is state-of-the art in the senior care industry and begins with five full days at our headquarters in suburban Cincinnati, OH. This is very hands-on and personalized in small group settings to maximize the learning experience. Additionally, ongoing training modules for your managers, caregivers, referral networking managers and care managers/schedulers are provided as your business grows and your training needs evolve. We believe in "learning for life" and have patterned our franchise services in the same manner On-The-Job Training: 32 hours Classroom Training: 40 hours Classroom Training: 74 hours
Support We are driven by the simple approach that if our franchisees are successful, we will all be successful. Our support infrastructure is geared to enabling your success first. You will receive a range of direct services and training via a five day, extensive, new owner learning session; onsite visits; telephone coaching; operational analysis; Intranet forums; regional meetings and national conferences; entrepreneurial network sharing; and future services as we evolve and your needs change as your FirstLight business grows. Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform
Marketing Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
Operations Absentee Ownership Allowed Number of Employees Required to Run: 2 Number of Employees Required to Run: 2

Expansion Plans

  FirstLight HomeCare IKOR
US Expansion Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming
Canada Expansion Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory
International Expansion

Start-Up Costs and Fees Mobile

Investment
FirstLight HomeCare
IKOR
Franchise Fee
FirstLight HomeCare
IKOR
Royalty Fee
FirstLight HomeCare 5%
IKOR 8%
Advertising Fee
FirstLight HomeCare 1%
IKOR 1%
Year Founded
FirstLight HomeCare 2009
IKOR 2000
Year Franchised
FirstLight HomeCare 2010
IKOR 2010
Term Of Agreement
FirstLight HomeCare
IKOR 10 years +5+5+5
Renewal Fee
FirstLight HomeCare
IKOR


Business Experience Requirements

Experience
FirstLight HomeCare Success-minded individuals from all occupations and walks of life will find great potential with the FirstLight HomeCare operating system. We look for people or teams of people who are caring, compassionate, outgoing, detail-oriented, visionary, entrepreneurial, positive, self-motivated, with a willingness to follow a proven system, a desire to deliver great service and a desire to be on a winning team. A minimum of $50,000 in working capital and the ability to have an equity owner participating in the business are required.
IKOR

Financing Options

 
Franchise Fees
FirstLight HomeCare
IKOR
Start-up Costs
FirstLight HomeCare
IKOR
Equipment
FirstLight HomeCare}
IKOR
Inventory
FirstLight HomeCare
IKOR
Receivables
FirstLight HomeCare
IKOR
Payroll
FirstLight HomeCare
IKOR

Training & Support

Training
FirstLight HomeCare Our training is state-of-the art in the senior care industry and begins with five full days at our headquarters in suburban Cincinnati, OH. This is very hands-on and personalized in small group settings to maximize the learning experience. Additionally, ongoing training modules for your managers, caregivers, referral networking managers and care managers/schedulers are provided as your business grows and your training needs evolve. We believe in "learning for life" and have patterned our franchise services in the same manner On-The-Job Training: 32 hours Classroom Training: 40 hours
IKOR Classroom Training: 74 hours
Support
FirstLight HomeCare We are driven by the simple approach that if our franchisees are successful, we will all be successful. Our support infrastructure is geared to enabling your success first. You will receive a range of direct services and training via a five day, extensive, new owner learning session; onsite visits; telephone coaching; operational analysis; Intranet forums; regional meetings and national conferences; entrepreneurial network sharing; and future services as we evolve and your needs change as your FirstLight business grows. Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
IKOR Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform
Marketing
FirstLight HomeCare Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
IKOR
Operations
FirstLight HomeCare Absentee Ownership Allowed Number of Employees Required to Run: 2
IKOR Number of Employees Required to Run: 2

Expansion Plans

US Expansion
FirstLight HomeCare Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming
IKOR Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming
Canada Expansion
FirstLight HomeCare Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory
IKOR
International Expansion
FirstLight HomeCare
IKOR