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Below is an in-depth analysis and side-by-side comparison of Comfort Keepers vs AnswerCare including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $157,500 - $245,000 | $41,875 - $124,675 |
Franchise Fee | $50,000 | $39,900 |
Royalty Fee | 3-5% | - |
Advertising Fee | - | - |
Year Founded | 1998 | - |
Year Franchised | 1999 | - |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | - | - |
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/Yes | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/Yes | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | Finance, marketing, operational training available monthly | AnswerGroup's corporate executives have been focusing on healthcare for over 40 years, leveraging our experience in the industry. At AnswerGroup, we provide personalized support through an ongoing training affiliation with Harvard ManageMentor which provides our franchisees with managerial guidance. Weekly & Monthly Meetings Regional Meeting Quarterly Conference Annual Seminar |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | - |
Marketing | Co-op advertising, Ad slicks, Regional advertising | - |
Operations | Franchise can be started from home. International franchisees required to buy multiple units/master licenses; 5% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2. Absentee ownership of franchise is NOT allowed. | - |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | No | - |
International Expansion | Yes | - |