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Below is an in-depth analysis and side-by-side comparison of Caring Senior Service vs In Home Personal Services including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $110,099 - $176,016 | $45,750 - $122,000 |
Franchise Fee | $41,500 | $25,000 - $32,500 |
Royalty Fee | 5% | 6% |
Advertising Fee | 2% | 1.5% |
Year Founded | 1991 | 2004 |
Year Franchised | 2002 | 2009 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
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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 | - |
Financing Options |
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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 |
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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 | On-The-Job Training: 71 hours Classroom Training: 41 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 | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software |
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 | 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 | Number of Employees Required to Run: 4 - 6 |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | - | - |
International Expansion | - | - |
Home Care is a high demand and very profitable industry many entrepreneurs should consider. Quality in-home care, privately paid for by the client, is now a vital part of the long-term care solution for millions because it provides seniors a choice where they want to be and how they want to live as they age. Tomorrow’s forecast? Gray. But for investors this means green. The Baby Boomers are hitting their 60s and 70s, and the need for home health care is going to spike, making it the perfect time to invest.
In Home Personal Services has a proven business model with virtually no overhead. Our model provides, fast, friendly, and recurring business opportunities in a protected territory so our franchisees enjoy the growth of their system from the very start.