CareMinders vs The Senior's Choice Franchise Comparison

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

Start-Up Costs and Fees

 
CareMinders Franchise
The Senior's Choice Franchise
Investment $138,100 - $199,000$45,000 - $65,000
Franchise Fee $39,000$29,000
Royalty Fee 3.75%-5%Membership: $500/month (with 30-day written notice to discontinue membership. No ongoing royalties)
Advertising Fee --
Year Founded 20041999
Year Franchised 20042007
Term Of Agreement 10 years5 years
Term Of Agreement 10 years5 years
Renewal Fee $2500-


Business Experience Requirements

 
CareMinders Franchise
The Senior's Choice Franchise
Experience -Minimum Net Worth: $100,000
Average Number Of Employees: 2 full time staff, 40 caregivers
Passive Ownership: No

Financing Options

 
CareMinders Franchise
The Senior's Choice Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees No/NoNo/Yes
Start-up Costs No/NoNo/No
Equipment No/-No/No
Inventory No/NoNo/No
Receivables No/NoNo/No
Payroll No/NoNo/No

Training & Support

 
CareMinders Franchise
The Senior's Choice Franchise
Training Having the tools and systems in place to build and manage your business is paramount and our five day training course is extremely thorough.The Senior's Choice provides extensive training and support to its members They receive 4 days of initial training where they learn all aspects of the business and the tools and resources that are available to them. After training, they enroll in a 90-day coaching program with our dedicated Trainer and Coach. In addition, support is available by phone and email during normal business hours. The Senior's Choice also hosts regularly scheduled regional "next-level" educational and networking events, as well as an annual conference.
Support We provide you with a copy of the official CareMinders� Home Care operations manual is your blueprint to building and growing your CareMinders� Home Care franchise. We found the best home care software company in the U.S. to provide our franchisees with a complete business application for the daily management of their business. You will never be alone. Our team will provide continued training and support for all aspects of the business.-
Marketing We have the marketing pieces, programs and other tools you will use to create the marketplace recognition you will achieve and assist you in attracting new customers and increased revenues.-
Operations -4 Primary Advantages:

1. We charge No Royalty Fees, just a flat monthly fee of $500 - This results in huge savings and much greater take-home earnings compared with their industry franchise competitors.

2. Franchises sign No Long-Term Contracts - Their membership with us is month to month and they can cancel at any time with 30 days notice. This requires management to provide exceptional value to its owners every day, or risk losing residual revenue due to canceled memberships. That said; our retention rate is impressively high.

3. Franchisees establish their Individual Brand Identity - Senior care is one industry where franchise brand recognition is less than 1%. Therefore, our owners have the advantage of developing their own unique brand identity and representing themselves as a locally owned/operated business - which clients prefer.

4. Franchisees are free to customize their business according to their wishes/needs - While we provide our Members/owners with complete operating systems, business framework and best-practices; they are free to customize their business according to their needs and desires. This enables them to adapt their business and services according to the unique demands of their local market and to take advantage of any revenue opportunities that they feel are beneficial to them.


Expansion Plans

 
CareMinders Franchise
The Senior's Choice Franchise
US Expansion -Yes
Canada Expansion No-
International Expansion No-

Company Overviews

About CareMinders

Life At Home Is The Key To Independence
CareMinders Franchisees offer both Medical and Non-Medical home care: companionship, personal , skilled care and related home support services and assistance to all ages of handicapped, convalescing and dependant individuals in their own homes, and when permitted, in nursing homes, hospitals, assisted care facilities and other medical settings.CareMinders Home Care is dedicated to enhancing the quality of life through delivering compassionate skilled and non-medical care to clients at home by trained and dedicated staff who continuously strive for excellence. We provide for the safety and security of clients, regardless of age, by offering personalized care and related home support services as well as harmonious companionship. We build relationships beginning with the very first encounter with a goal of providing the highest quality of care, second to none. We offer a wide range of both long and short term assistance to our clients, regardless of age. You or your loved one may have a temporary or permanent disability or illness, or may just be in need of someone to assist with a variety of services. Examples of the skilled and non-medical services we provide include the following: *Nursing Services *Personal Care Services *Live-In Services *Therapeutic Services *Counseling Services *Multiple Revenue Stream Opportunities *Many more services customized to meet the needs of our clients

About The Senior's Choice

Here are three important reasons how The Senior's Choice is different: 1) Royalty Free - You pay no royalties on your hard earned income. Instead you pay a reasonable monthly fee after you have set up your business and attended our training. With a franchise you will pay tens of thousands of dollars in royalties each year which is a big chunk of your net income. Don't let them fool you; there is absolutely no justification for charging you those exorbitant fees. 2) No Long Term Contracts - While we are contractually committed to offer our services to you for the long-term, you may terminate your membership interest at any time. No gimmicks, no restrictions and no post-termination non-compete provisions. With our Membership Model we have to prove our value to you each and every month to keep your business. We offer services and benefits to you every month to keep your business or we don't get paid and that's they way it should be. Contrast that with a 10 year franchise agreement that locks you into paying a percentage of your gross revenues (not net profit) whether you're getting the service you bargained for or not. Don't be bashful, call franchisees and ask them would they do it all over again and then pose the same question to our Members. You'll be grateful you did! 3) It's Your Business, Not Ours, It's as simple as that. Every decision about your business is yours to make and yours alone. We just provide support and guidance to you, as much or as little as you want. With a franchise you are essentially leasing their brand and business for 10 years. You're simply a custodian for them where you do all the work, take all the risk and yet you don't get all the rewards. With us, you keep all of your hard-earned income and pay us a reasonable monthly fee for which you receive an equal or greater value for each and every month.
Home care agencies associated with The Senior's Choice are among the top performers in their respective markets when it comes to overall client satisfaction. It goes to show that when you provide caring and talented professionals with our outstanding training, exclusive programs and the best operating systems and support in the industry, good things are bound to happen.