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Elite Senior Care Franchise Cost & Fees

Date Incorporation: 2003

Franchising Since:  2004

Headquarters: Tennessee

Description: Elite Senior Care, L.L.C, provides non-medical care and companionship for people who desire to remain in their homes, but who require assistance, supervision, housework and/or companionship.

Franchise Offer: The franchise offered is for the operation of a single office providing non-medical in house care for the elderly, under the Elite Senior Care franchise system.

Financial Assistance: The franchise will not offer direct or indirect financing for your fees, notes, leases, or obligations.

Training and Assistance: The franchisor provides an initial training program for up to two people, including the franchisee and the manager. The training lasts approximately two days and is located in Memphis, Tennessee.

Territory: The franchisee will be awarded an exclusive territory

Term of Agreement and Renewal: The length of the franchise term is 10 years, with an option for renew for additional terms equal to the then current term

Obligations and Restrictions: The franchisor recommends, and may require, that the franchisee personally supervises the Elite Senior Care Franchise. If the franchisee does not personally supervise the franchise, they must employ a manager who must be responsible for the full-time, on-premises supervision of the business and who has successfully completed the initial training program.

Total Number of Units: 1 outlet at the end of 2004

Total Number of franchises Units:  No franchised outlets at the end of 2004

Investment Tables:

Initial Investment:

Expenditures   Low  High  
 Initial Fee   $12,500   $12,500 
 Training and Living Expenses While Training   $500   $ 1,000
 Real Estate & Expenses   $400   $2,000
 Equipment   $1,500   $5,000
 Signs   $50   $700
 Miscellaneous Opening Costs: including insurance deposit    $2,500  $4,500
 Inventory   $50   $500
 Advertising - 3 Months   $500  $800
 Additional Funds—3 Months   $2,500   $7,000
 Total   $25,000    $45,000

Ongoing fees:

 Name of Fee Amount  
 Royalty Fee   5% of Gross Sales
 Initial Training Fee   $0
 Initial Training for Additional Persons: Per person   $200 per day plus expenses - hotel, food, etc.
 Supplemental Training at Your Office   $200 per day plus expenses
 Transfer Fee   $10,000
 Audit Fee   Cost of audit, including travel expenses, plus interest
 Renewal Fee   $1,000

Date of FDD:

The above information has been taken from the UFOC/FDD of Elite Senior Care
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