One of the qualities that makes Senior Helpers® such an attractive senior home care franchise opportunity is the revenue potential offered by our franchises.
Today, many Senior Helpers franchisees earn over $1 million in revenue each year. In 2022, the average gross revenue for Senior Helpers franchises open 60+ months was over $1.3 million.
Our revenue data is compiled and published each year in our Franchise Disclosure Document. In this post, we’ve included an overview of our franchise earnings data from the 2023 edition of our FDD, which includes revenue data for the 2022 fiscal year.
How Much Do Senior Helpers Franchises Earn?
Each year, Senior Helpers collects gross revenue data from our franchisees. We then compile this data in Item 19 of our Franchise Disclosure Document. In 2022, we collected data from more than 280 franchisees.
We groups franchisees into five categories when calculating average revenues. These categories are based on how many months each franchise has been in operation by the end of the fiscal year.
Below, we’ve provided the average annual gross revenue for Senior Helpers franchises in each of these five categories for 2022, along with the total number of businesses for each category.
Senior Helpers Franchise Revenues (2022 Data)
Senior Helpers franchise revenue data is broken into five categories, based on whether the franchise has been open for 60+ months, 48 to 59 months, 36 to 47 months, 24 to 35 months, or 12 to 23 months by the end of the fiscal year.
Here are the average annual gross revenue figures for each of these categories.
Franchises Open for 60+ Months
- Number of Franchised Businesses: 218
- Average Annual Gross Revenue: $1,332,049
Franchises Open for 48-59 Months
- Number of Franchised Businesses: 21
- Average Annual Gross Revenue: $976,029
Franchises Open for 36-47 Months
- Number of Franchised Businesses: 12
- Average Annual Gross Revenue: $677,514
Franchises Open for 24-35 Months
- Number of Franchised Businesses: 15
- Average Annual Gross Revenue: $550,213
Franchises Open for 12-23 Months
- Number of Franchised Businesses: 21
- Average Annual Gross Revenue: $536,510
About Senior Helpers Franchise Revenue & Earnings Data
Wondering how we generated this franchise revenue data? Have questions about what’s included in these figures or where to find more information?
Below, you’ll find quick answers to key questions about Senior Helpers franchise revenue data. For additional information about this data, refer to Item 19 of our Franchise Disclosure Document.
How does Senior Helpers generate franchise revenue data?
As part of the Senior Helpers franchise agreement, our franchisees report earnings data to our corporate office. We have compiled the above figures from sales data reported to us by franchisees for the 2022 fiscal year.
Please note that Senior Helpers has not audited or verified these reports. Similarly, franchisees have not confirmed that their reports are prepared in accordance with generally accepted accounting principles.
How many franchised businesses are included in this data?
The above data is based on data from a total of 287 franchises.
To be included in the sample, franchisees must have been operating for at least 12 months by December 31, 2022. Additionally, franchisees must have been in operation for the entire 2022 fiscal year.
We have limited the sample based on the above criteria to avoid any skewing of data due to seasonality, revenues that may be generated from grand opening advertising or promotion, or effects (positive or negative) from startup operations.
Do these figures include expenses, net income, or profits?
Senior Helpers does not collect information about the costs, expenses, or debts incurred by franchisees.
Similarly, we do not collect information about our franchisees net income or profitability.
Because of this, the above figures do not include any data for expenses, debts, net income, or profits.
Will my business earn this much revenue if I purchase a franchise?
The amounts in this blog post offer a sample of average franchise revenues for Senior Helpers franchised businesses in the 2022 fiscal year. During this period, some franchisees generated more revenue than the amounts listed above, while others generated less.
Actual costs, expenses and revenues vary from business to business, and from franchisee to franchisee. Senior Helpers cannot estimate the results of any specific business or franchisee. Your individual results may differ, and there is no assurance that you’ll earn as much as past franchisees.
Where can I find more data about Senior Helpers franchise earnings?
The figures in this blog post can be found in Item 19 of the Senior Helpers Franchise Disclosure Document for 2023.
Our Franchise Disclosure Document also contains additional details about Senior Helpers franchise revenues, including:
- The median annual revenue of franchisees, based on months in operation.
- A range of the lowest and highest annual revenues within each of these categories.
- How many franchisees exceeded the average revenue for their category.
In our FDD, you’ll also find detailed information about the Senior Helpers brand, the costs of starting a franchise, and what’s included in the franchise agreement.
Learn more about Senior Helpers franchise opportunities and get a copy of our 2023 Franchise Disclosure Document! Contact our franchise development team to get started.