business finances

Everything You Need to Know About Senior Helpers Franchise Finances

If you’re looking into how to own a senior care franchise, you’re probably curious about some of the finer details that will make or break your decision. One of the biggest factors is how much it costs to invest in an elder care franchise. This blog is here to answer some of those questions.

Here’s a quick look into what it costs to invest in a Senior Helpers franchise.

How much does it cost to open a senior care franchise?

The cost of your initial investment varies, depending on several factors, but we can break down where the dollars are going into a few broader categories. Part of your investment includes meeting certain financial prerequisites, however, and it’s important to know and understand these requirements before applying to become a Senior Helpers franchisee.

Here’s a look at the breakdown:

Franchise Fee: $49,500

Minimum Required Liquid Capital: $49,500

Minimum Net Worth: $200,000

Total (Estimated) Initial Investment: $103,300 – $142,300

The initial investment number also includes three months of additional working capital and staffing funds to help keep you afloat in the first 90 days. Most franchisees with ample credit scores finance their investment.

For more information on what factors influence the varying total initial investment costs, contact us today to speak with a representative about beginning your franchising journey with Senior Helpers.

Are there any recurring fees?

Yes. Senior Helpers’ ongoing royalty fee is only 5% of gross sales. This low royalty allows owners to reinvest cash flow and allocate earnings in the manner they believe will benefit them in both the short and long term.

Are there any discounts?

Yes! We offer 10% discounts on our franchise fees to veterans, which works out to be $4,950 in savings, as well as a special program for career first responders who are retired or looking to make a change to business ownership.

How much money will you make?

The Senior Care industry is a booming one. More information on specific revenue can be found in the Franchise Disclosure Document, which applicants will receive when moving forward with the franchising process.

Of course, results will vary, but with Senior Helpers’ dedication to franchisee training and support, we believe our franchisees are set up for success in both the short and long term when opening an elder care franchise.