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Below is an in-depth analysis and side-by-side comparison of Time For Fitness vs Family Care Homes including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $58,000 - $68,000 | $181,000 - $268,000 |
Franchise Fee | $30,000 | $35,000 |
Royalty Fee | 5% | 6% |
Advertising Fee | - | 2% |
Year Founded | 2004 | 2002 |
Year Franchised | 2005 | 2010 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | $5K | - |
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 | -/- |
Start-up Costs | No/No | -/- |
Equipment | No/No | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | - | - |
Support | Newsletter, Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | - |
Marketing | Co-op advertising, Regional advertising | - |
Operations |
0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 - 3
Absentee ownership of franchise is allowed. | - |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | No | - |
International Expansion | Yes | - |
NO LONGER FRANCHISING
For over 20 years, the founder of Family Care Homes has fulfilled the organization's long-standing mission of providing high quality residential assisted living homes,and now takes great pride in being able to help others do the same. Family Care Homes is launching a NEW RESIDENTIAL ASSISTED LIVING FRANCHISE OPPORTUNITY. This is a superb opportunity for you to get in on the ground floor of a HIGH DEMAND business in partnership with the Founder that has an established prover track record in the senior care industry. You can truly make a difference in your community providing top quality care for seniors,while being rewarded well as an investor. It's an ideal time to be investing in residential real estate as homes have De-valued in this economy. Not only do you stand to increase the equity in your residential investment but also in the business as a whole. One Home at a time Family Care Homes is seeking investors who can financially qualify and who believe in making a difference in the lives of our seniors needing assistance, and the community in which we serve. Family Care Homes concept specializes in large ranch style homes in up scale neighborhoods with a maximum of 8 residents providing a higher level of care and individual attention. Our Family Care Homes are just that Homes that are intimate, warm and inviting, home like. If your interested in obtaining more information about Family Care Homes Franchise Opportunities, please contact us for more detailed information.