AmeriCare Alliance Franchise Cost & Fees
Date Incorporation: 2003
Franchising Since: 2004
Description: The AmeriCare franchise provides non-medical home care services. These services may include companionship, transportation, meal preparation, light house keeping, bathing and grooming.
Franchise Offer: The franchise offered is for a single AmeriCare franchise business. The franchisor is also offering opportunities for AmeriCare Area Developers who will have a large territory in which they will sell AmeriCare individual franchises. The Area Developers will then have responsibility for training, monitoring and assisting the individual franchisees within their territory.
Financial Assistance: The franchisor does not offer any financing arrangement for franchisees
Training and Assistance: The franchisee and operator must attend an initial three-day training program before the opening of the franchise. There is no extra charge for the training program for up to two people, and a charge of $500 per person for each additional person trained. Training takes place in Atlanta and includes 20-30 hours of on the Job Training.
Territory: The franchisor does not typically grant exclusive territories, however, in major metropolitan statistical areas, franchisees will receive an exclusive territory with a population of 200,000 people.
Term of Agreement and Renewal: The length of the franchise term is 10 years, with an option for renew for two additional 10 year terms.
Obligations and Restrictions: The franchisor recommends, and may require, that the franchisee personally supervises the franchise business. If they do not personally supervise the franchise, they must employ a manager who will be responsible for the full-time on-premises supervision of the business and who has successfully completed the AmeriCare initial training program.
Total Number of Units: 9 outlets at the end of 2007
Total Number of franchises Units: 9 franchised outlets at the end of 2007
|Initial Franchise Fee||$30,000||$30,000|
|Equipment & Furniture||$0||$3,000|
|Professional Fees||$ 250||$2,000|
|Security Deposit for Landlord||$ 0||$2,000|
|Costs for Training||$200||$1,500|
|Software||$ 3,000||$ 3,000|
|Additional Funds||$ 35,500||$59,500|
|TOTAL BASIC PACKAGE||$ 69,838||$ 102,988|
|Name of Fee||Amount|
|Royalty||2.99% - 4% of monthly gross revenue commencing on the first day of operation|
|National Advertising||1 % of gross monthly sales to the National Advertising Fund|
|Local Advertising||At least $2000 per month|
|Assignment/ Transfer Fee||$15,000|
Date of FDD: Apr 2008
The above information has been taken from the UFOC/FDD of AmeriCare Alliance
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