Start-Up Costs and Fees |
||
| Keepsake Companions | The Senior's Choice | |
| Investment | 57671 - 116521 | 45000 - 65000 |
| Franchise Fee | ||
| Royalty Fee | 5% | Membership: $500/month (with 30-day written notice to discontinue membership. No ongoing royalties) |
| Advertising Fee | 2% | |
| Year Founded | 2009 | 1999 |
| Year Franchised | 2012 | 2007 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Keepsake Companions | The Senior's Choice | |
| Experience | Experience in providing care and in running a business will be extremely helpful. Also, we feel these skills will be very advantageous to a franchisee. Compassion for seniors, and people in general. An entrepreneurial mindset. A desire to serve others and your community. Being comfortable with people and a good communicator. Willing to sell. | Minimum Net Worth: $100,000 Average Number Of Employees: 2 full time staff, 40 caregivers Passive Ownership: No |
Financing Options |
||
| Keepsake Companions | The Senior's Choice | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Keepsake Companions | The Senior's Choice | |
| Training | 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 | absentee or part time owner? NO | 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 |
||
| Keepsake Companions | The Senior's Choice | |
| 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 | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Keepsake Companions | |
| The Senior's Choice | |
| Franchise Fee | |
| Keepsake Companions | |
| The Senior's Choice | |
| Royalty Fee | |
| Keepsake Companions | 5% |
| The Senior's Choice | Membership: $500/month (with 30-day written notice to discontinue membership. No ongoing royalties) |
| Advertising Fee | |
| Keepsake Companions | 2% |
| The Senior's Choice | |
| Year Founded | |
| Keepsake Companions | 2009 |
| The Senior's Choice | 1999 |
| Year Franchised | |
| Keepsake Companions | 2012 |
| The Senior's Choice | 2007 |
| Term Of Agreement | |
| Keepsake Companions | |
| The Senior's Choice | 5 years |
| Renewal Fee | |
| Keepsake Companions | |
| The Senior's Choice | |
Business Experience Requirements |
|
| Experience | |
| Keepsake Companions | Experience in providing care and in running a business will be extremely helpful. Also, we feel these skills will be very advantageous to a franchisee. Compassion for seniors, and people in general. An entrepreneurial mindset. A desire to serve others and your community. Being comfortable with people and a good communicator. Willing to sell. |
| 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 | |
| Keepsake Companions | |
| The Senior's Choice | |
| Start-up Costs | |
| Keepsake Companions | |
| The Senior's Choice | |
| Equipment | |
| Keepsake Companions} | |
| The Senior's Choice | |
| Inventory | |
| Keepsake Companions | |
| The Senior's Choice | |
| Receivables | |
| Keepsake Companions | |
| The Senior's Choice | |
| Payroll | |
| Keepsake Companions | |
| The Senior's Choice | |
Training & Support |
|
| Training | |
| Keepsake Companions | |
| 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 | |
| Keepsake Companions | |
| The Senior's Choice | |
| Marketing | |
| Keepsake Companions | |
| The Senior's Choice | |
| Operations | |
| Keepsake Companions | absentee or part time owner? NO |
| 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 | |
| Keepsake Companions | |
| 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 | |
| Keepsake Companions | |
| The Senior's Choice | |
| International Expansion | |
| Keepsake Companions | |
| The Senior's Choice | |