Comfort Keepers vs Mastercare Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Comfort Keepers vs Mastercare including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
Investment |
$157,500 - $245,000 | $117,800 - $215,450 |
Franchise Fee |
$50,000 | $28,000 - $37,000 |
Royalty Fee |
3-5% | - |
Advertising Fee |
- | - |
Year Founded |
1998 | 2012 |
Year Franchised |
1999 | 0 |
Term Of Agreement |
10 years | - |
Term Of Agreement |
10 years | - |
Renewal Fee |
- | - |
Business Experience Requirements |
Experience |
- | - |
Financing Options |
|
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 |
Training |
Finance, marketing, operational training available monthly |
Initial pre-start up training
In house administrative training
|
Support |
Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
Accounting
Home Care Management
Software systems
Troubleshooting
|
Marketing |
Co-op advertising, Ad slicks, Regional advertising |
Design support
Events e.g. Senior Fairs
Mass mailing support
Print support
Media: Broadcast and Internet
Start up and ongoing marketing support
|
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 |
US Expansion |
- | Yes |
Canada Expansion |
No | - |
International Expansion |
Yes | - |
Company Overviews
About Comfort Keepers
Comfort Keepers is based in Irvine, CA and provides seniors with non-medical care. The company offers companionship, meal preparation, light housekeeping, grocery shopping, recreational activities and other services to individuals and couples still living in their own home.
About 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.