My Elder Advocate vs Mastercare Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of My Elder Advocate vs Mastercare including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
My Elder Advocate Franchise
Mastercare Franchise
Investment $72,250 - $118,600$117,800 - $215,450
Franchise Fee $59,500$28,000 - $37,000
Royalty Fee 8%-
Advertising Fee --
Year Founded 20082012
Year Franchised 20140
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
My Elder Advocate Franchise
Mastercare Franchise
Experience --

Financing Options
 
My Elder Advocate Franchise
Mastercare Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
My Elder Advocate Franchise
Mastercare Franchise
Training - 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 --

Expansion Plans
 
My Elder Advocate Franchise
Mastercare Franchise
US Expansion YesYes
Canada Expansion --
International Expansion Yes-

Company Overviews

About My Elder Advocate

My Elder Advocate Is The Only Overarching Elder Advocacy Franchise In The United States My Elder Advocate was founded in 2008 to provide peace of mind to clients and their families. Our commitment to protecting the rights and dignity of elders has earned us a reputation as an uncompromising elder advocate. CEO Jack Halpern founded the business with 41 years of experience in the elder care industry. Joined by his wife and COO, Claudine Halpern they have filled a huge gap in the elder care industry and systematized an approach to tackling elder care rights and issues. If you are passionate about helping families and elders in crisis, and you are looking for a home-based franchise that you can quickly expand, take the next step and learn more about our franchise. If you are ready to learn . . . . we are ready to share everything we know about this expanding industry.

About Mastercare

"Mastercare

.Mastercare intends for our franchisees to get the biggest bang for their buck in regards to the territory you are purchasing.
You are opening your franchise to not only help people in your local community, but also to ensure you are able to make a living.
Mastercare Franchise territories will service a population of approximately 75,000 to 250,000 people. For the initial Franchise Fee of $37,000 *, your territory is designed by zip codes, political or geographical boundaries. Your territory is PROTECTED, meaning that Mastercare will not sell another franchise within that defined territory throughout the life of your contract. We will help you evaluate the demographics of the area you are considering for your territory based on the geographic location, population, and isolation, etc.
Mastercare also understands that small, rural towns need just as much Homecare (and Healthcare) support as urban areas. Because of geographical barriers, owning a franchise in a rural area may not allow for as large of a client base. To encourage services in rural and underserved populations, Mastercare offers smaller territories, populations between 10,000 and 74,999 people, at a reduced Rural Franchise Fee of $28,000 *.


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.

The franchise is not a home-based business and must be operated from a commercial office location.