1Heart Caregiver Services
Franchise 1Heart Caregiver Services
Franchise Fee: $47,500
Royalty: 5% of Gross Revenue
Total Investment: $88,110 - $127,160
Can Be Home Based: No
Founded: 2004
Franchised: 2015
VetFran Member: No
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The 1Heart franchise opportunity is the vehicle that can help drive the success of your senior care journey. With low start-up costs, several available prime territories, hands-on coaching with extensive training, and dedicated support, your homecare franchise is prepared for growth from the beginning. Help our elderly improve their quality of life by pairing them with compassionate caregivers through your own senior care franchise. 1Heart Caregiver Services has been providing private care services for seniors since 2003. With over 15 years of reliability and 90 years combined experience in healthcare and business management, we’ve garnered exclusive territories in the CA area and beyond. In 2015, we began offering homecare franchise opportunities. We do everything in our power to prepare your franchise for ultimate success. Aside from general industry insight, 1Heart also provides marketing, sales, business development, accounting and staffing support when needed. Ask your dedicated franchise consulting agent for guidance when you need it most! Passion for the homecare industry goes a long way, but experience matters more. Our experts are here to back you up. We’ll support your journey with assistance obtaining your homecare license, and we’ll provide up-to-date training through the 1Heart Business Academy to ensure your franchise flourishes.
What is EBITDA?
EBITDA is an acronym that stands for: “Earnings Before Interest, Taxes, Depreciation, and Amortization.” In many instances, EBITDA serves as a measure of profits and financial performance for a business. It is sometimes a good replacement for net income.
Breaking EBITDA Down
Now, to truly understand EBITDA, you have to break it down entirely. Thankfully, the acronym makes this pretty easy. Let’s take a look:
Earnings: Money earned by the company
Before: This one is self-explanatory
Taxes: The money paid to the government by a company based on its tax rate
Depreciation: Decreases in the value of a company’s capital assets
Amortization: The cost of an intangible asset, spread out over time
EBITDA is a Heavily Used Comparison Too
When it comes to comparing businesses in a specific industry, many financial experts use EBITDA. It’s a commonly used profitability metric that allows financial experts to determine profitability among companies.
Using EBITDA has become common for measuring core profit trends. Why? Because of the way it eliminates extraneous factors. It’s also useful for finding more accurate comparisons between companies in similar industries.
Additionally, EBITDA works well as a starting point to estimate cash flow. This allows business owners and experts to determine a company’s ability to pay off long-term debts.