Start-Up Costs and Fees |
||
| The Senior's Choice | Sarah Adult Day Services | |
| Investment | 45000 - 65000 | 261000 - 280000 |
| Franchise Fee | 0 | |
| Royalty Fee | Membership: $500/month (with 30-day written notice to discontinue membership. No ongoing royalties) | 10% |
| Advertising Fee | ||
| Year Founded | 1999 | 1985 |
| Year Franchised | 2007 | 2000 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| The Senior's Choice | Sarah Adult Day Services | |
| Experience | Minimum Net Worth: $100,000 Average Number Of Employees: 2 full time staff, 40 caregivers Passive Ownership: No | Q:Do I need a health care background to manage the center? A:No. Some of our most successful franchisees have business, marketing and/or sales backgrounds. Having a formal healthcare background and/or training is not necessary. Prior franchise experience is helpful. Q:Do I have to be on site to manage the daily operations of my center? A:No, we will assist you in hiring an Executive Director who will manage the center. You will be expected to have weekly meetings and unannounced visits to your center to ensure your Executive Director is fulfilling their obligations. |
Financing Options |
||
| The Senior's Choice | Sarah Adult Day Services | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| The Senior's Choice | Sarah Adult Day Services | |
| 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 | Newsletter, Toll-free phone line, Grand opening, Field operations/evaluations | |
| Marketing | Ad slicks, National media | |
| Operations | 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. | 50% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 - 15 Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators) |
Expansion Plans |
||
| The Senior's Choice | Sarah Adult Day Services | |
| 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 | Florida, Georgia, Indiana, Michigan, North Carolina, Ohio, Pennsylvania, Texas |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| The Senior's Choice | |
| Sarah Adult Day Services | |
| Franchise Fee | |
| The Senior's Choice | |
| Sarah Adult Day Services | |
| Royalty Fee | |
| The Senior's Choice | Membership: $500/month (with 30-day written notice to discontinue membership. No ongoing royalties) |
| Sarah Adult Day Services | 10% |
| Advertising Fee | |
| The Senior's Choice | |
| Sarah Adult Day Services | |
| Year Founded | |
| The Senior's Choice | 1999 |
| Sarah Adult Day Services | 1985 |
| Year Franchised | |
| The Senior's Choice | 2007 |
| Sarah Adult Day Services | 2000 |
| Term Of Agreement | |
| The Senior's Choice | 5 years |
| Sarah Adult Day Services | 10 years |
| Renewal Fee | |
| The Senior's Choice | |
| Sarah Adult Day Services | |
Business Experience Requirements |
|
| Experience | |
| The Senior's Choice | Minimum Net Worth: $100,000 Average Number Of Employees: 2 full time staff, 40 caregivers Passive Ownership: No |
| Sarah Adult Day Services | Q:Do I need a health care background to manage the center? A:No. Some of our most successful franchisees have business, marketing and/or sales backgrounds. Having a formal healthcare background and/or training is not necessary. Prior franchise experience is helpful. Q:Do I have to be on site to manage the daily operations of my center? A:No, we will assist you in hiring an Executive Director who will manage the center. You will be expected to have weekly meetings and unannounced visits to your center to ensure your Executive Director is fulfilling their obligations. |
Financing Options |
|
| Franchise Fees | |
| The Senior's Choice | No |
| Sarah Adult Day Services | No |
| Start-up Costs | |
| The Senior's Choice | |
| Sarah Adult Day Services | |
| Equipment | |
| The Senior's Choice} | |
| Sarah Adult Day Services | |
| Inventory | |
| The Senior's Choice | |
| Sarah Adult Day Services | |
| Receivables | |
| The Senior's Choice | |
| Sarah Adult Day Services | |
| Payroll | |
| The Senior's Choice | |
| Sarah Adult Day Services | |
Training & Support |
|
| Training | |
| 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. |
| Sarah Adult Day Services | |
| Support | |
| The Senior's Choice | |
| Sarah Adult Day Services | Newsletter, Toll-free phone line, Grand opening, Field operations/evaluations |
| Marketing | |
| The Senior's Choice | |
| Sarah Adult Day Services | Ad slicks, National media |
| Operations | |
| 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. |
| Sarah Adult Day Services | 50% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 - 15 Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| 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 |
| Sarah Adult Day Services | Florida, Georgia, Indiana, Michigan, North Carolina, Ohio, Pennsylvania, Texas |
| Canada Expansion | |
| The Senior's Choice | |
| Sarah Adult Day Services | |
| International Expansion | |
| The Senior's Choice | |
| Sarah Adult Day Services | |