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Below is an in-depth analysis and side-by-side comparison of Superior Senior Care vs IKOR 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 | $86,450 - $138,083 |
Franchise Fee | $20,000 | $37,500 |
Royalty Fee | 5% | 8% |
Advertising Fee | - | 1% |
Year Founded | 1990 | 2000 |
Year Franchised | 1999 | 2010 |
Term Of Agreement | 10 years | 10 years +5+5+5 |
Term Of Agreement | 10 years | 10 years +5+5+5 |
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 | -/Yes |
Start-up Costs | No/No | -/Yes |
Equipment | No/No | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | - | Classroom Training: 74 hours |
Support | Meetings, Toll-free phone line, Internet, Field operations/evaluations, Purchasing cooperatives | Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform |
Marketing | Co-op advertising, Ad slicks | - |
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) | Number of Employees Required to Run: 2 |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | No | - |
International Expansion | No | - |
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.
A Unique and Rewarding Opportunity in the Senior and Disabled Professional Services Sector
IKOR is different from other businesses that serve the needs of seniors and the disabled. IKOR does not provide direct care, but acts as an advocate for its clients, creating and overseeing each client's medical, environmental, psycho-social and financial life plans.
With this approach, IKOR provides a wide range of services: advocacy, guardianship, care planning and coordination, financial management, routine bill payment services and small/minor trust work.
IKOR is a unique business opportunity in the senior and disabled care industry, allowing motivated franchise owners to provide a variety of badly needed services - with the support of an established organization - that make a
positive impact on the lives of individuals and families in their communities.
Our in-house team of highly experienced Registered Nurse Patient Advocates and Personal Needs Coordinators provides our customized services through an assessment process that ends in both short-term and long-term strategic planning. Each client's strategic plan is based on the unique needs of that individual.
The IKOR approach helps families manage both short-term health crises and long-term care issues for seniors and disabled adults and children.
If you have a true desire to help those who need help and want your work to have a meaning, we invite you to learn more about us! Take the next step toward being your community's solution for the issues of seniors and the disabled.
IKOR has identified the need, and developed the solution to address the specific medical, financial and other life issues of its clients. Our philosophy and individualized focus, our network of contacts, plus our deep understanding of various options and programs all become yours when you join IKOR!
What we seek in return is your dedication to providing services and intervention focused solely on the client.
We expect you to accept each client and situation as unique and individual, and that you use your business and relationship-building skills, plus your compassion, to help ensure your clients' needs are met in the most appropriate manner. It can be a highly-rewarding venture in so many ways. Contact us today to find out more
about the IKOR franchise program and begin your journey toward discovering if IKOR is right for you.