Start-Up Costs and Fees |
||
| Majestic Residences | Aging Excellence | |
| Investment | 108090 - 860400 | 33700 - 51200 |
| Franchise Fee | ||
| Royalty Fee | 6% | 5% |
| Advertising Fee | ||
| Year Founded | 2020 | 1999 |
| Year Franchised | 2020 | 2003 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Majestic Residences | Aging Excellence | |
| Experience | ||
Financing Options |
||
| Majestic Residences | Aging Excellence | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Majestic Residences | Aging Excellence | |
| Training | * Available at headquarters: 1 week * At franchisee's location: 2 days * Other training available | |
| Support | * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives | |
| Marketing | * Co-op advertising * Ad slicks * Regional advertising | |
| Operations | * Franchise can be run from home * 100% of all franchisees own more than one unit * Number of employees needed to run franchised unit: 14 - 14 * Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Majestic Residences | Aging Excellence | |
| 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 | |
| Majestic Residences | |
| Aging Excellence | |
| Franchise Fee | |
| Majestic Residences | |
| Aging Excellence | |
| Royalty Fee | |
| Majestic Residences | 6% |
| Aging Excellence | 5% |
| Advertising Fee | |
| Majestic Residences | |
| Aging Excellence | |
| Year Founded | |
| Majestic Residences | 2020 |
| Aging Excellence | 1999 |
| Year Franchised | |
| Majestic Residences | 2020 |
| Aging Excellence | 2003 |
| Term Of Agreement | |
| Majestic Residences | |
| Aging Excellence | 5 years |
| Renewal Fee | |
| Majestic Residences | |
| Aging Excellence | |
Business Experience Requirements |
|
| Experience | |
| Majestic Residences | |
| Aging Excellence | |
Financing Options |
|
| Franchise Fees | |
| Majestic Residences | |
| Aging Excellence | |
| Start-up Costs | |
| Majestic Residences | |
| Aging Excellence | |
| Equipment | |
| Majestic Residences} | |
| Aging Excellence | |
| Inventory | |
| Majestic Residences | |
| Aging Excellence | |
| Receivables | |
| Majestic Residences | |
| Aging Excellence | |
| Payroll | |
| Majestic Residences | |
| Aging Excellence | |
Training & Support |
|
| Training | |
| Majestic Residences | |
| Aging Excellence | * Available at headquarters: 1 week * At franchisee's location: 2 days * Other training available |
| Support | |
| Majestic Residences | |
| Aging Excellence | * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Marketing | |
| Majestic Residences | |
| Aging Excellence | * Co-op advertising * Ad slicks * Regional advertising |
| Operations | |
| Majestic Residences | |
| Aging Excellence | * Franchise can be run from home * 100% of all franchisees own more than one unit * Number of employees needed to run franchised unit: 14 - 14 * Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Majestic Residences | 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 |
| Aging Excellence | |
| Canada Expansion | |
| Majestic Residences | |
| Aging Excellence | |
| International Expansion | |
| Majestic Residences | |
| Aging Excellence | |