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Updated RecentlyGolden Heart Senior Care vs Mastercare Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Golden Heart Senior Care vs Mastercare including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $49,325 - $80,650 | $117,800 - $215,450 |
| Franchise Fee | $39,500 | $28,000 - $37,000 |
| Royalty Fee | 6% | - |
| Advertising Fee | - | - |
| Year Founded | 2009 | 2012 |
| Year Franchised | 2010 | 0 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | -/- |
| Start-up Costs | -/- | -/- |
| Equipment | -/- | -/- |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
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| Training | Our training program is designed to get you into business quickly. We have a series of modules you will complete at home before you come to corporate for training. These modules cover establishing your business, hiring caregivers, training on our virtual office software system, and setting up your insurance policies. When you arrive at corporate, you will spend two days going through comprehensive marketing training. We focus on what is important to you, finding clients! | Initial pre-start up training In house administrative training |
| Support | - | Accounting Home Care Management Software systems Troubleshooting |
| Marketing | - | Design support Events e.g. Senior Fairs Mass mailing support Print support Media: Broadcast and Internet Start up and ongoing marketing support |
| Operations | Franchise can be run from home. *20% of all franchisees own more than one unit. *Number of employees needed to run franchised unit: 25 - 30. *Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators). | - |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | - | - |
| International Expansion | - | - |
Company Overviews
About Golden Heart Senior Care
In-home non-medical care is our core service offering. Our services are in demand and include: *Companion Care *Home Helper Services *Personal Care *Respite Care *Meal Preparation *Alzheimer's & Demntia *Housekeeping & Laundry *Medication Reminders *Sleep-Over Attendant Care *Bathing & Grooming *Incontinence Issues *Transport to Dr's Appointments *Personal Emergency Response *FREE Assisted Living Placement ...and so much more
We have extensive franchise development experience unparalleled in the senior care industry. We have unique proprietary marketing systems to help franchisees get clients. We offer multiple revenue streams from the same franchise! We are one of the few companies in the industry that offers Area Representative Franchises (Master Franchises) which provides for high quality support at the local level. We have prime territories available where many others are sold out. Our franchisees can operate from their home office and will utilize our custom virtual office software system. The entire business can be operated from a laptop computer anywhere in the world.
We offer single unit franchise, multi - unit franchises and Master Franchises. We have prime territories available but they are selling quickly.
About Mastercare
!["Mastercare]("https://fddexchange.com/wp-content/uploads/2020/10/Mastercare-300x99.png")
Royalties under your Franchise Agreement are among the lowest in the industry. The Mastercare franchise royalty fee structure follows a descending scale based on gross revenues.