|
Below is an in-depth analysis and side-by-side comparison of Sarah Adult Day Services vs LivHOME including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $261,000 - $280,000 | $95,000 - $150,000 |
Franchise Fee | $34,900 | $40,000 |
Royalty Fee | 10% | - |
Advertising Fee | - | - |
Year Founded | 1985 | 1999 |
Year Franchised | 2000 | 2010 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | Q:Do I need a health care background to manage the center? A:No. Some of our most successful franchisees have business, marketing and/or sales backgrounds. Having a formal healthcare background and/or training is not necessary. Prior franchise experience is helpful. Q:Do I have to be on site to manage the daily operations of my center? A:No, we will assist you in hiring an Executive Director who will manage the center. You will be expected to have weekly meetings and unannounced visits to your center to ensure your Executive Director is fulfilling their obligations. | - |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/Yes | -/- |
Inventory | No/Yes | -/- |
Receivables | No/Yes | -/- |
Payroll | No/Yes | -/- |
Training & Support |
||
Training | - | *Two-week intensive training at LivHOME corporate headquarters *Specialized training for conditions such as dementia *Marketing and PR training |
Support | Newsletter, Toll-free phone line, Grand opening, Field operations/evaluations | * Marketing assessment of your territory * Strategic planning and guidance in key operational areas * Do-It-Yourself PR manual so you can drive awareness and attract potential clients * Ongoing field visits and strategic support * Proprietary computer system for back-office functions * Established Caregiver recruitment and retention programs * Deep research on professional groups * Top-notch sales collateral * Advertising support * Vast library of educational content you can use for marketing (podcast, blog, news stories, etc.) |
Marketing | Ad slicks, National media | - |
Operations |
50% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 - 15
Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators) | - |
Expansion Plans |
||
US Expansion | Yes | Yes |
Canada Expansion | No | - |
International Expansion | No | - |
At SarahCare Adult Day Care, we create a vibrant and social community for your senior loved one to enjoy their day while receiving the care and support they need. Because our care is provided in centers with a specially trained staff, we can handle your loved one's complex health-related needs. Family caregivers will have peace of mind knowing their aging parent or senior loved one is spending the day in a safe, fun and socially engaging environment while receiving expert care. For you, we simplify and co-ordinate their care so you can spend time enjoying being with your aging loved one instead of feeling stressed and overwhelmed trying to manage their health. For them, we handle the difficult issues that in-home care and assisted living won't and usually aren't qualified to handle - at a cost that is significantly less than other care options such as assisted living, in-home care and nursing home care.