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Below is an in-depth analysis and side-by-side comparison of Superior Senior Care vs Spectrum Home Services including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $24,000 - $39,000 | $58,000 - $99,950 |
Franchise Fee | $20,000 | $25,000 |
Royalty Fee | 5% | 5% |
Advertising Fee | - | - |
Year Founded | 1990 | 2000 |
Year Franchised | 1999 | 2004 |
Term Of Agreement | 10 years | 5 years |
Term Of Agreement | 10 years | 5 years |
Renewal Fee | 20% | - |
Business Experience Requirements |
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Experience | - | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | No/No |
Start-up Costs | No/No | No/No |
Equipment | No/No | No/No |
Inventory | No/No | No/No |
Receivables | No/No | No/No |
Payroll | No/No | No/No |
Training & Support |
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Training | - | - |
Support | Meetings, Toll-free phone line, Internet, Field operations/evaluations, Purchasing cooperatives | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives |
Marketing | Co-op advertising, Ad slicks | Ad slicks, Regional advertising |
Operations |
67% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 - 2
Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
Franchise can be run from home.
Absentee ownership of franchise is NOT allowed. |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | No | No |
International Expansion | No | Yes |
Established in 1985, Superior Senior Care began in Hot Springs, AR in a one-room office with one phone. The mission of Superior Senior Care was basic: give caregiving help to seniors who need to remain in their homes either on the grounds that they needn't bother with full time care, or simply aren't open to leaving their homes to live in a private care office. Rita Hurst and Joe Pascual, proprietors, saw a creating market that should have been served. They additionally investigated the future and unmistakably observed that nursing homes would not have the capacity to deal with the weight of a detonating senior populace as children of post war America started to achieve retirement age.
Throughout the most recent thirty years, the market has developed drastically, similarly as they had predicted. Due to some extent to their endeavors, Medicaid and Long Term Care Insurance suppliers now pay for in-home care gave via parental figure registries, which has additionally expanded the quantity of individuals using these administrations.
Superior Senior Care is a Caregiver Registry since it is a plan of action in which the organization pioneers unequivocally accept. Instead of an office setting, or nursing home model, a Caregiver Registry offers:
Buyer - Directed Care
Bring down cost - ordinarily conveying quality tend to 10-30% not as much as offices
More noteworthy customer cooperation in choices concerning your care
Better progression of care
More grounded connections amongst customer and guardian
Bring down guardian turnover
Showcase driven parental figures performing at more elevated amounts
Superior Senior Care is conferred than giving its customers the most perfectly awesome guardians who give the most noteworthy nature of care in Arkansas. Your fulfillment is required for our proceeded with achievement - and that is the controlling guideline whereupon our organization is based.
Spectrum Home Services was started in 2000 accordingly of Jenny Nelson's Masters Project. Jenny Nelson, an enrolled Physical Therapist, chose to backtrack and get her Masters in Gerontology. As a feature of the Masters in Gerontology program, Jenny needed to build up a marketable strategy concentrating on the necessities of seniors.
As a Physical Therapist, she would always observe individuals she had watched over in the nursing home return since they had re-harmed themselves attempting to keep up their homes. The longing was to create strategy for success to address this need.
Jenny built up the Spectrum Home Services strategy for success keeping in mind the end goal to address these home support issues. At the time, the standard logic inside the medicinal services industry was that senior care organizations just tended to those issues managing the customers mind. That theory neglected to consider that the need to keep up the house was additionally an essential part of permitting the customer to live freely.
Obviously, Jenny's educator was suspicious and gave her a C. Jenny is not one to acknowledge a C. Angry with the review, she quickly had her Husband Tony Nelson, an authorized Realtor and Property Manger, read the arrangement. Tony read the strategy for success and understood the requirement for seniors additionally perceived that bustling property holders, children of post war America, and land experts required a similar comprehensive administrations. Tony urged Jenny to talk about the review with her teacher.
The following day Tony quickly quit his property administration work and centered his endeavors full time around building the Spectrum Home Service demonstrate into an effective business. Jenny contended her review with the suspicious educator and had the review change to a B.
Today, the once suspicious educator is quite a while customer of Spectrum Home Services, was the keynote speaker at the primary Spectrum Home Services Franchisee Conference and is a major supporter of Spectrum Home Services mission and endeavors. Since the beginning of the organization, Spectrum Home Services clientèle has developed to incorporate occupied property holders, youthful moms, land organizations, seniors, non-medicinal senior care organizations, home wellbeing offices, strong restorative hardware suppliers and some more. Our essential objective is to make a sheltered, very much kept up environment for each of our customers, regardless of what phase of life they're in.
At Spectrum Home Services we understand that our customers have different home administration needs running from dynamic seniors, occupied mortgage holders, and experts. When you call a Spectrum Home Services office, you can be guaranteed that your needs turn into our needs and that we will do all that we can to address your issues.