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Seniors Helping Seniors Franchise Cost & Fees

Date Incorporation: 2005

Franchising Since:  2006

Headquarters: Pennsylvania

Description: Seniors Helping Seniors operates a business offering non-medical personal services such as in home elderly care, home assistance, companion care, transportation, homemaking and maintenance and repair to senior citizens.

Franchise Offer: The franchise offered is for a master Seniors Helping Seniors franchise.

Financial Assistance: The franchisor does not offer direct or indirect financing.

Training and Assistance: The franchisor will provide an initial training program to the franchisee or operating principle. The initial training will last for a period of five days and will be held at the corporate headquarters in the Reading Pennsylvania area.

Territory: The franchisee will be granted an exclusive territory.

Term of Agreement and Renewal: The length of the franchise term is 10 years, with an option for renew for such number of additional 5 year terms as you may determine

Obligations and Restrictions: The franchisor requires that the franchisee or an approved manager shall at all times be directly involved in the business and have successfully completed the training and development program.

Total Number of Units: 14 outlets at the end of 2007

Total Number of franchises Units: 13 franchised outlets at the end of 2007

Investment Tables:

Initial Investment:

Expenditures  Low  High  
 Territory Development Purchase Price  $200,000   $200,000 
 Vehicle   $3,000   $30,000
 Office Equipment   $5,000   $ 15,000
 Insurance   $2,000   $5,000
 Organization Expenses   $2,000   $8,000
 Sub franchisor Registration Costs   $500   $5,000
 Advertising Budget for Franchise Development   $25   $50,000
 Additional Funds -3 months   $12,000   $24,000
 TOTAL  $49,500   $137,000

Ongoing fees:

 Name of Fee  Amount 
 Advertising and Promotions  10% of royalty income to the national promotion fund 
 Training/Refresher Courses/Conferences/ Field Meetings   Travel, Room and Board
 Unperformed Services for Franchisees   Our costs plus 25%
 Transfer Fee   5% of the transfer price you receive after deducting the development fee paid by you for the territory
 Claims Defense  1/3 of liability up to total indemnification, unless the claim is a result of your error, omission or gross negligence in which instance 100% of liability
 Amendments to the SHS System, Signage and Equipment   All necessary costs required by our modification to the SHS System


The above information has been taken from the UFOC/FDD of Seniors Helping Seniors
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