CINCINNATI (June 13, 2018)—FirstLight Home Care, a provider of non-medical homecare, has been named by Forbes as one of the best franchises to own in the United States.
Forbes examined more than 3,200 different franchise brands to compile its list of America's Best and Worst Franchises to Buy 2018. They used information gathered by the franchise industry research firm, FRANdata, which evaluates brands on criteria such as support and stability for franchisees, demand, sustainability and value for investment.
FirstLight Home Care ranked among the top 10 franchises to buy with an investment under $150,000, which they classify as a low-investment category. The company's 29.9 percent five-year growth rate, far above any other homecare franchise recognized, was a key reason for landing on the coveted list.
"It's an honor to receive this recognition from Forbes," said Bill McPherson, executive director of franchise development for FirstLight Home Care. "We've spent a lot of time ensuring our business model is profitable and offers tremendous support for franchise owners. This recognition is a testament to the success of our franchises and demonstrates why we get high marks on franchisee satisfaction."
FirstLight Home Care operates more than 160 locations in 34 states, and has another 60 in development, to help serve the burgeoning homecare industry. The company's midpoint initial investment level is just under $120,000.
"We provide a service that's growing in demand as baby boomers head into their retirement years," says Jeff Bevis, FirstLight Home Care co-founder and CEO. "The senior population is expanding, and they are choosing to stay in their homes as they age. We don't just want to capitalize on that. We want to provide excellent customer care and give families peace of mind. More people are recognizing that effort and that leads to long-term success."
Visit firstlighthomecare.com for more information.