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Below is an in-depth analysis and side-by-side comparison of The Senior's Choice vs Angel Companions 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 | $55,750 - $81,950 |
Franchise Fee | $29,000 | $30,000 |
Royalty Fee | Membership: $500/month (with 30-day written notice to discontinue membership. No ongoing royalties) | 5% graduated down to 3% |
Advertising Fee | - | N/A |
Year Founded | 1999 | 2004 |
Year Franchised | 2007 | 2010 |
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 | Medical experience is not required. A successful franchisee will have strong work ethics, possess a vision for their lives, have a willingness to learn, and a drive to succeed. People with demonstrated success in interacting with others and a desire to serve the community by making a difference in people's lives are a good fit for this business. |
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. | Up to 3 individuals will attend a 40 hour training program at the corporate offices prior to the opening of your business. Six different instructors will review the start up process and provide valuable training on how to manage and grow your business. Field training will include sales, marketing, and live assessment visits in the client's home. |
Support | - | Technical assistance in obtaining any required State licensure will be provided. During the first 4 months of operations we will spend a minimum of one day a month at your location to provide operational support and assistance. An Operations Manual will be provided to you and unlimited, on-going phone support is available. |
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 | - | - |
The Angel Companions organization is perfectly positioned for growth in the senior care franchise industry. Since our concept was founded, we have grown our client base dramatically, and demonstrated our reputation for compassionate care while bringing peace of mind to seniors and their families. It's knowing that we are truly making a difference in people's lives that makes every day special. And that's why we have always been committed to ensuring that not only are we providing quality in-home senior care, but that we also continually work to build a well-balanced team of professionals, improve our operational efficiencies through the use of the latest technologies, and stay abreast of trends and developments in our industry. Now, as the Angel Companions network expands, and strives to bring greatly needed services to seniors and families across the country, we need the help of qualified, motivated people like you to help propel us forward. With the Angel Companions senior care franchise program, you'll have the chance to own an independent business supported by our years of experience and you'll have the chance to make a difference in the lives of others, and in your own life as well! The time is right to get on board with a fast-growing, professionally-backed senior care franchise! For more information on the many benefits of the Angel Companions franchise program, for franchise owners and their communities, visit our Frequently Asked Questions page, request more information, or contact us at [email protected] or 610-644-8780.