|
Below is an in-depth analysis and side-by-side comparison of Caring Senior Service vs Keepsake Companions including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $110,099 - $176,016 | $57,671 - $116,521 |
Franchise Fee | $41,500 | $33,721 |
Royalty Fee | 5% | 5% |
Advertising Fee | 2% | 2% |
Year Founded | 1991 | 2009 |
Year Franchised | 2002 | 2012 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | *Desire to make a difference in people's lives *Ambition to succeed *High standards for customer service *Be a self-starter and understand the importance of having a strong sales focus *Willingness to follow a proven system *Effective and efficient in time management and priority setting | Experience in providing care and in running a business will be extremely helpful. Also, we feel these skills will be very advantageous to a franchisee. Compassion for seniors, and people in general. An entrepreneurial mindset. A desire to serve others and your community. Being comfortable with people and a good communicator. Willing to sell. |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | Yes/- | -/- |
Start-up Costs | -/Yes | -/- |
Equipment | -/Yes | -/- |
Inventory | -/Yes | -/- |
Receivables | -/Yes | -/- |
Payroll | -/Yes | -/- |
Training & Support |
||
Training | Caring Senior Service provides initial training for up to 2 people. Training takes up to one week with additional time if needed. Training covers everything from marketing to high impact referral sources, recruitment and retention of Gold Level caregivers, and how to implement our GreatCareTM method. Classroom Training: 40 hours | - |
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 | - |
Marketing | o Marketing tools that stand out and are easy to implement o Shared market research that provides clear targets and reduces costly mistakes o Clearly defined marketing approach that builds trust o Individualized web site by location that helps connect and interact with referral sources, clients, families and caregivers o On-site sales training with your designated Franchise Business Consultant o Ongoing marketing tips with timely and relevant information Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing | - |
Operations | Absentee Ownership Allowed Number of Employees Required to Run: 2 - 3 | absentee or part time owner? NO |
Expansion Plans |
||
US Expansion | Yes | Yes |
Canada Expansion | - | - |
International Expansion | - | - |
Husband and wife team, Kristen and Henri Chazaud, founded Keepsake Companions in 2009 to "improve lives, one household at a time." The start up costs of $33,721 includes systems, training and support in a number of areas that include: Office operations, hiring and scheduling. Pre-Opening guide, and trainings in San Diego and on site. A "Keepsake Coach" to guide you for the first three months. Daily operations manual and employee handbook.Keepsake Companion development and client care systems. "Culinary Companion" development. Marketing strategy, collateral materials and personal website.