Senior Helpers vs Mastercare Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Senior Helpers vs Mastercare including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Senior Helpers Franchise
Mastercare Franchise
Investment $109,300 - $179,750$117,800 - $215,450
Franchise Fee $49,500$28,000 - $37,000
Royalty Fee 5%-
Advertising Fee 1%-
Year Founded 20012012
Year Franchised 20050
Term Of Agreement 15 years-
Term Of Agreement 15 years-
Renewal Fee --


Business Experience Requirements
 
Senior Helpers Franchise
Mastercare Franchise
Experience
  • Industry experience
  • General business experience
  • Marketing skills
  • Staffing or temp placement skills
    		• -

    Financing Options
     
    Senior Helpers Franchise
    Mastercare Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees Yes/Yes-/-
    Start-up Costs No/Yes-/-
    Equipment No/Yes-/-
    Inventory No/Yes-/-
    Receivables No/Yes-/-
    Payroll No/Yes-/-

    Training & Support
     
    Senior Helpers Franchise
    Mastercare Franchise
    Training On-The-Job Training: 50 hours Classroom Training: 69 hours Additional Training: Additional on-site training; computer-based training Initial pre-start up training In house administrative training
    Support Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform Accounting Home Care Management Software systems Troubleshooting
    Marketing Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Design support Events e.g. Senior Fairs Mass mailing support Print support Media: Broadcast and Internet Start up and ongoing marketing support
    Operations Absentee Ownership Allowed Number of Employees Required to Run: 3-

    Expansion Plans
     
    Senior Helpers Franchise
    Mastercare Franchise
    US Expansion YesYes
    Canada Expansion No-
    International Expansion Yes-

    Company Overviews

    About Senior Helpers

    Be more than a professional caregiver Join Senior Helpers and help seniors and their families enjoy life to the fullest! Would you like a rewarding and gratifying job as a caregiver where you can make a difference in someone's life? We are currently looking for caring, kind, dependable and personable individuals who desire to provide non-medical, in-home care to the elderly. Tasks include:
    * Companionship and conversation
    * Meal preparation and planning
    * Light housekeeping
    * General assistance
    * Personal care assistance (bathing, dressing & grooming)
    Contact us today to join our team

    The estimated total initial investment necessary to begin operation of a Senior Helpers Home Care Business ranges from $109,300 to $150,800.
    This includes an initial fee of $49,500 that you must pay to the franchisor.
    If you are purchasing a Senior Helpers Franchised Business from an existing franchisee, other than the purchase consideration, the estimated initial investment ranges from $33,700 to $179,750.
    Veteran Incentives  15% off franchise fee
    "Entrepreneur
    #249 in Franchise 500 for 2020.
    #135 in Franchise 500 for 2021.

    About Mastercare

    "Mastercare

    .Mastercare intends for our franchisees to get the biggest bang for their buck in regards to the territory you are purchasing.
    You are opening your franchise to not only help people in your local community, but also to ensure you are able to make a living.
    Mastercare Franchise territories will service a population of approximately 75,000 to 250,000 people. For the initial Franchise Fee of $37,000 *, your territory is designed by zip codes, political or geographical boundaries. Your territory is PROTECTED, meaning that Mastercare will not sell another franchise within that defined territory throughout the life of your contract. We will help you evaluate the demographics of the area you are considering for your territory based on the geographic location, population, and isolation, etc.
    Mastercare also understands that small, rural towns need just as much Homecare (and Healthcare) support as urban areas. Because of geographical barriers, owning a franchise in a rural area may not allow for as large of a client base. To encourage services in rural and underserved populations, Mastercare offers smaller territories, populations between 10,000 and 74,999 people, at a reduced Rural Franchise Fee of $28,000 *.


    Royalties under your Franchise Agreement are among the lowest in the industry. The Mastercare franchise royalty fee structure follows a descending scale based on gross revenues.

    The franchise is not a home-based business and must be operated from a commercial office location.