Senior's Choice
Date of Incorporation: 2007
Franchising Since: 2007
Headquarters: Nevada
Description: The Senior's Choice, Inc. is a Nevada corporation. The franchise offered is to operate a business providing in-home non-medical care and companionship for the elderly. The franchisor offers and grants franchises to certain qualified individuals for the right to own and operate a "The Senior's Choice" Business under our Membership Agreement
Franchise Offer: The service offered in the franchised business is an effective solution for senior citizens who prefer to remain at home where the quality of life is enhanced without the stress and hardships of interrupted routines and daily habits. The franchisee will employ individuals who are trained to provide professional and reliable services to senior citizens.
Financial Assistance: The franchisor does not offer financing. They do not guarantee any notes, leases or obligations.
Training and Assistance: The franchisor will provide an initial training seminar, (currently a 4-day seminar) for up to 2 people associated with the member business, including the franchisee. The training program is optional and the franchisee need not complete training to satisfaction.
Territory: Before signing the membership agreement, the franchisor will negotiate to designate the protected Territory based on the estimated number of senior citizens (at least 10,000) which are living within a geographic area. During the membership agreement term, if the franchisee is complying with the terms, the franchisor will not, directly or through any affiliates: (a) operate or grant the right to operate a "The Senior's Choice" business office to be physically located within the protected territory; or (b) authorize any other "The Senior's Choice" business to provide services to senior citizens at locations within the protected territory.
Term of Agreement and Renewal: The length of the franchise term is 5 years, with the option to renew for one additional 5-year term.
Obligations and Restrictions: The franchisor recommends, but does not require, that the franchisee personally supervise the member business. If he or she does not personally supervise the member business, the franchisee should employ a manager who should be responsible for the full-time on-premises supervision of the member business.
Total Number of Units: Number of franchised outlets for year ended 2007: 148
Investment Tables:
Initial Investment:
| Name of Fee | Low | High |
|---|---|---|
| Initial Membership Fee | $25,000 | $25,000 |
| Travel and Living Expenses While Training | $500 | $1,000 |
| Equipment and Supplies | $1,500 | $4,000 |
| Insurance, Licenses, Permits and other Miscellaneous Opening Costs | $2,500 | $5,000 |
| Advertising - 3 Months | $500 | $1,000 |
| Worker's Comp Deposit | $1,000 | $5,000 |
| Additional Funds - 3 Months | $3,000 | $10,000 |
| Total Estimated Initial Investment | $34,000 | $51,000 |
Ongoing Fees:
| Name of Fee | Amount |
|---|---|
| Membership Fee | $350 per month |
| Training Fee -Additional Employees | $1,000 per attendee |
| Costs and Attorneys' Fees | Will vary with the circumstances |
| Indemnification | Will vary with the circumstances |
The above information has been taken from the UFOC/FDD of The Senior's Choice
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