Start-Up Costs and Fees |
||
| Golden Heart Senior Care | The Senior's Choice | |
| Investment | 49325 - 80650 | 45000 - 65000 |
| Franchise Fee | ||
| Royalty Fee | 6% | Membership: $500/month (with 30-day written notice to discontinue membership. No ongoing royalties) |
| Advertising Fee | ||
| Year Founded | 2009 | 1999 |
| Year Franchised | 2010 | 2007 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Golden Heart Senior Care | The Senior's Choice | |
| Experience | Minimum Net Worth: $100,000 Average Number Of Employees: 2 full time staff, 40 caregivers Passive Ownership: No | |
Financing Options |
||
| Golden Heart Senior Care | The Senior's Choice | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Golden Heart Senior Care | The Senior's Choice | |
| Training | Our training program is designed to get you into business quickly. We have a series of modules you will complete at home before you come to corporate for training. These modules cover establishing your business, hiring caregivers, training on our virtual office software system, and setting up your insurance policies. When you arrive at corporate, you will spend two days going through comprehensive marketing training. We focus on what is important to you, finding clients! | The Senior's Choice provides extensive training and support to its members They receive 4 days of initial training where they learn all aspects of the business and the tools and resources that are available to them. After training, they enroll in a 90-day coaching program with our dedicated Trainer and Coach. In addition, support is available by phone and email during normal business hours. The Senior's Choice also hosts regularly scheduled regional "next-level" educational and networking events, as well as an annual conference. |
| Support | ||
| Marketing | ||
| Operations | Franchise can be run from home. *20% of all franchisees own more than one unit. *Number of employees needed to run franchised unit: 25 - 30. *Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators). | 4 Primary Advantages: 1. We charge No Royalty Fees, just a flat monthly fee of $500 - This results in huge savings and much greater take-home earnings compared with their industry franchise competitors. 2. Franchises sign No Long-Term Contracts - Their membership with us is month to month and they can cancel at any time with 30 days notice. This requires management to provide exceptional value to its owners every day, or risk losing residual revenue due to canceled memberships. That said; our retention rate is impressively high. 3. Franchisees establish their Individual Brand Identity - Senior care is one industry where franchise brand recognition is less than 1%. Therefore, our owners have the advantage of developing their own unique brand identity and representing themselves as a locally owned/operated business - which clients prefer. 4. Franchisees are free to customize their business according to their wishes/needs - While we provide our Members/owners with complete operating systems, business framework and best-practices; they are free to customize their business according to their needs and desires. This enables them to adapt their business and services according to the unique demands of their local market and to take advantage of any revenue opportunities that they feel are beneficial to them. |
Expansion Plans |
||
| Golden Heart Senior Care | The Senior's Choice | |
| US Expansion | Hawaii, Maine, Maryland, New York, Virginia, Washington | 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 | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Golden Heart Senior Care | |
| The Senior's Choice | |
| Franchise Fee | |
| Golden Heart Senior Care | |
| The Senior's Choice | |
| Royalty Fee | |
| Golden Heart Senior Care | 6% |
| The Senior's Choice | Membership: $500/month (with 30-day written notice to discontinue membership. No ongoing royalties) |
| Advertising Fee | |
| Golden Heart Senior Care | |
| The Senior's Choice | |
| Year Founded | |
| Golden Heart Senior Care | 2009 |
| The Senior's Choice | 1999 |
| Year Franchised | |
| Golden Heart Senior Care | 2010 |
| The Senior's Choice | 2007 |
| Term Of Agreement | |
| Golden Heart Senior Care | |
| The Senior's Choice | 5 years |
| Renewal Fee | |
| Golden Heart Senior Care | |
| The Senior's Choice | |
Business Experience Requirements |
|
| Experience | |
| Golden Heart Senior Care | |
| The Senior's Choice | Minimum Net Worth: $100,000 Average Number Of Employees: 2 full time staff, 40 caregivers Passive Ownership: No |
Financing Options |
|
| Franchise Fees | |
| Golden Heart Senior Care | |
| The Senior's Choice | |
| Start-up Costs | |
| Golden Heart Senior Care | |
| The Senior's Choice | |
| Equipment | |
| Golden Heart Senior Care} | |
| The Senior's Choice | |
| Inventory | |
| Golden Heart Senior Care | |
| The Senior's Choice | |
| Receivables | |
| Golden Heart Senior Care | |
| The Senior's Choice | |
| Payroll | |
| Golden Heart Senior Care | |
| The Senior's Choice | |
Training & Support |
|
| Training | |
| Golden Heart Senior Care | Our training program is designed to get you into business quickly. We have a series of modules you will complete at home before you come to corporate for training. These modules cover establishing your business, hiring caregivers, training on our virtual office software system, and setting up your insurance policies. When you arrive at corporate, you will spend two days going through comprehensive marketing training. We focus on what is important to you, finding clients! |
| The Senior's Choice | The Senior's Choice provides extensive training and support to its members They receive 4 days of initial training where they learn all aspects of the business and the tools and resources that are available to them. After training, they enroll in a 90-day coaching program with our dedicated Trainer and Coach. In addition, support is available by phone and email during normal business hours. The Senior's Choice also hosts regularly scheduled regional "next-level" educational and networking events, as well as an annual conference. |
| Support | |
| Golden Heart Senior Care | |
| The Senior's Choice | |
| Marketing | |
| Golden Heart Senior Care | |
| The Senior's Choice | |
| Operations | |
| Golden Heart Senior Care | Franchise can be run from home. *20% of all franchisees own more than one unit. *Number of employees needed to run franchised unit: 25 - 30. *Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators). |
| The Senior's Choice | 4 Primary Advantages: 1. We charge No Royalty Fees, just a flat monthly fee of $500 - This results in huge savings and much greater take-home earnings compared with their industry franchise competitors. 2. Franchises sign No Long-Term Contracts - Their membership with us is month to month and they can cancel at any time with 30 days notice. This requires management to provide exceptional value to its owners every day, or risk losing residual revenue due to canceled memberships. That said; our retention rate is impressively high. 3. Franchisees establish their Individual Brand Identity - Senior care is one industry where franchise brand recognition is less than 1%. Therefore, our owners have the advantage of developing their own unique brand identity and representing themselves as a locally owned/operated business - which clients prefer. 4. Franchisees are free to customize their business according to their wishes/needs - While we provide our Members/owners with complete operating systems, business framework and best-practices; they are free to customize their business according to their needs and desires. This enables them to adapt their business and services according to the unique demands of their local market and to take advantage of any revenue opportunities that they feel are beneficial to them. |
Expansion Plans |
|
| US Expansion | |
| Golden Heart Senior Care | Hawaii, Maine, Maryland, New York, Virginia, Washington |
| The Senior's Choice | 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 | |
| Golden Heart Senior Care | |
| The Senior's Choice | |
| International Expansion | |
| Golden Heart Senior Care | |
| The Senior's Choice | |