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Updated RecentlyThe Senior's Choice vs Stay at Home Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of The Senior's Choice vs Stay at Home including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $45,000 - $65,000 | $43,900 - $65,900 |
| Franchise Fee | $29,000 | N/A |
| Royalty Fee | Membership: $500/month (with 30-day written notice to discontinue membership. No ongoing royalties) | - |
| Advertising Fee | - | - |
| Year Founded | 1999 | - |
| Year Franchised | 2007 | - |
| Term Of Agreement | 5 years | - |
| Term Of Agreement | 5 years | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | Minimum Net Worth: $100,000 Average Number Of Employees: 2 full time staff, 40 caregivers Passive Ownership: No | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/Yes | -/- |
| Start-up Costs | No/No | -/- |
| Equipment | No/No | -/- |
| Inventory | No/No | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| Training | 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 | - | - |
| Marketing | - | - |
| 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 |
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| US Expansion | Yes | - |
| Canada Expansion | - | - |
| International Expansion | - | - |
Company Overviews
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.
About Stay at Home
Twenty-three years ago, the founders of Stay at Home helped pave the way in establishing the non-medical in-home care industry. Our knowledge comes from the practical hands-on experience of owning and operating successful companies in our industry. We combine in-depth knowledge and experience with world class business practices resulting in a unique opportunity for the "compassionate entrepreneur".
The Stay at Home Advantage is
* An impressive array of back-office support tools ranging from online scheduling systems to telephone call scripts all designed to make it easy for franchisees to understand and apply our proven system.
* Comprehensive training program that includes 8 days of hands-on training including 5 days of interactive classroom instruction and 3 days of on-site support.
* QuickStart program designed to help new franchisees quickly understand the franchise system, achieve a fast start-up, and realize high productivity.
* Visual documentation of all key processes using our proprietary and easy-to-follow Stay at Home Learning Maps.
* Proprietary software developed to aid you in building strong referral networks, managing client care, and scheduling caregivers online.
* Proven marketing strategy providing an extensive array of marketing materials, advertisements, tools, and techniques designed to attract new clients and caregivers.
* Clear guidance on a wide range of support topics that address everything from personalized phone call scripts to online caregiver scheduling.
* A structured approach to staffing that allows you to build a base of competent, compassionate and dependable caregivers, an essential element in ensuring the success of your business.
* Prime territories based on your target customers, those who are sixty-five years and older - your potential customers!
Are You Ready to...
* Become a compassionate entrepreneur?
* Be your own boss and set your own course?
* Put your experience to work for yourself instead of for others?
* Work hard to create a lasting legacy you can be proud of?
* Build a business where you can do well for yourself while doing good for others?
If so, you may be ready to join the Stay at Home team!