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Updated RecentlyMastercare vs Majestic Residences Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Mastercare vs Majestic Residences including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $117,800 - $215,450 | $108,090 - $860,400 |
| Franchise Fee | $28,000 - $37,000 | $60,000 |
| Royalty Fee | - | 6% |
| Advertising Fee | - | - |
| Year Founded | 2012 | 2020 |
| Year Franchised | 0 | 2020 |
| 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 | 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 |
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| US Expansion | Yes | Yes |
| Canada Expansion | - | - |
| International Expansion | - | - |
Company Overviews
About Mastercare
!["Mastercare]("https://fddexchange.com/wp-content/uploads/2020/10/Mastercare-300x99.png")
.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.
About Majestic Residences
!["Majestic]("https://fddexchange.com/wp-content/uploads/2020/12/Majestic-Residences-300x160.jpg")
Majestic Residences Franchise Systems, LLC offers franchises for
businesses that deliver non-medical care in a group residential home
setting that
is performed by trained caregivers around the clock, seven days a week.Majestic Residences System also provide guidance in the acquisition, construction, and
operation of a residential assisted living home. These homes provide 24
hour care including all meals, assistance with activities of daily
living, which can include bathing, cleaning, dressing, showering,
toileting, medication management, and social activities.
We're Not Waiting for the Future of Residential Care, We're Creating It
The total investment necessary to begin operation of your Majestic
Residences Business ranges from $123,240 to $860,400 that must be paid
to the franchisor and their affiliates, or third party vendors. This
includes up to $49,500 that must be paid to the Franchisor or affiliate.
If you convert an existing, licensed home to their Franchise System,
the total investment necessary to begin operation of your Majestic
Residences Business ranges from $18,090 to $77,900. This includes up to
$10,000 that must be paid to the Franchisor or affiliate.