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Below is an in-depth analysis and side-by-side comparison of The Senior's Choice vs Amada Senior Care 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 | $82,150 - $275,500 |
Franchise Fee | $29,000 | $42,000 - $48,000 |
Royalty Fee | Membership: $500/month (with 30-day written notice to discontinue membership. No ongoing royalties) | 5% |
Advertising Fee | - | 1% |
Year Founded | 1999 | 2007 |
Year Franchised | 2007 | 2012 |
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 | Owning an Amada Senior Care business requires an investment with two major components - human and financial. Above all, we're looking for good human beings - compassionate and motivated individuals with a drive to help and a drive to become effective business leaders. We can train you in nearly everything else, but nothing can compensate for lack of desire and heart. We look for franchisees who are: *Compassionate/Charitable *Competitively driven to be the best *Urgency in all things *Farmer/Entrepreneur mentality *Confidently Humble |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | -/Yes |
Start-up Costs | No/No | -/Yes |
Equipment | No/No | -/Yes |
Inventory | No/No | -/Yes |
Receivables | No/No | -/Yes |
Payroll | No/No | -/Yes |
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. | On-The-Job Training: 48 hours Classroom Training: 46 hours |
Support | - | Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
Marketing | - | Co-op Advertising Ad Templates Social media Website development Email 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 | Yes |
Canada Expansion | - | - |
International Expansion | - | - |
The demand for services in the senior care industry continues to increase every year. More than 10,000 people turn 65 every day and by the end of 2012, the senior population in America will reach nearly 49 million. By 2025, it will grow to nearly 72 million.
True Caring is Exploring All Care Options
There's only one way to say this: Amada is different. Over the last 7 years we have built a business model insisting that seniors and their families explore all of their care options. Amada is one of the only senior care companies in North America that provides in-home non-medical care as well as assisted living placement consulting services. Today, Amada is one of the fastest growing senior care companies in California.