FirstLight Home Care
Bottom line
- Total investment $151K – $256K including a $52K franchise fee, 5.0% ongoing royalty.
- Average unit revenue of $1.5M/year (median $1.2M).
- Rated STRONG with a risk score of 42/100.
- System growing at 39.9% CAGR over 3 years with 284 total units — strong expansion trajectory.
Item 1 · who you're contracting with
The Franchisor
Yale framework · single-unit ROIC
Returns Analysis
Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.
The model · Yale framework
What would one FirstLight Home Care unit return on the cash you put in?
Unlevered ROIC · per unit
113%
Above typical band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 FirstLight Home Care units return on equity?
Equity IRR · 5-yr
27.9%
3.42× MOIC
Year-1 DSCR
2.92×
EBITDA ÷ debt service
Equity required
$11.2M
on $23.2M purchase
Total debt
$12.0M
SBA $5.0M + senior + seller note
Overview
About
FirstLight franchisees operate in-home care services, managing caregiver scheduling, client acquisition, and service delivery (personal care, companionship, medication reminders). Day-to-day operations involve caregiver recruitment/training, client care management, regulatory compliance, and billing/collections in a geographically protected territory.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 10 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator — not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.
Government records
SBA Loan Data
Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.
No SBA loan data available for this brand.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
FirstLight presents moderate-to-cautionary risk due to undisclosed profitability metrics, ambiguous royalty terms, and rapid growth that lacks corresponding financial transparency.
Score breakdown · what drove the 42 / 100 rating
- 01MEDNet income not disclosed in FDD Item 19 — unable to verify actual profitability despite $1.55M average revenue claims
- 02MINORRoyalty structure includes undefined 'Minimum Performance Standard' threshold that could trigger higher payments regardless of actual gross revenue
- 03HIGHNo litigation disclosed but home care industry faces inherent regulatory and liability risks (caregiver background checks, client safety, wage/labor compliance)
- 04MINOR19.3% YoY unit growth may indicate aggressive recruitment masking underlying franchisee satisfaction or retention issues
- 05MEDInitial investment range ($151K-$256K) is substantial with no disclosed net income baseline to evaluate ROI timeline
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
Item 11
Training & Operations
Item 20
Franchisee Contacts
Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.
Franchisee contacts
63 numbers
One-time purchase · CSV download · Validation questions included
FDD download
FirstLight Home Care · FDD (2026) PDF