Seniors Helping Seniors Franchise Cost & Fees
Date Incorporation: 2005
Franchising Since: 2006
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
|Territory Development Purchase Price||$200,000||$200,000|
|Office Equipment||$5,000||$ 15,000|
|Sub franchisor Registration Costs||$500||$5,000|
|Advertising Budget for Franchise Development||$25||$50,000|
|Additional Funds -3 months||$12,000||$24,000|
|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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