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Below is an in-depth analysis and side-by-side comparison of Senior Helpers vs AnswerCare including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $109,300 - $179,750 | $41,875 - $124,675 |
Franchise Fee | $49,500 | $39,900 |
Royalty Fee | 5% | - |
Advertising Fee | 1% | - |
Year Founded | 2001 | - |
Year Franchised | 2005 | - |
Term Of Agreement | 15 years | - |
Term Of Agreement | 15 years | - |
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 | Yes/Yes | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/Yes | -/- |
Inventory | No/Yes | -/- |
Receivables | No/Yes | -/- |
Payroll | No/Yes | -/- |
Training & Support |
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Training | On-The-Job Training: 50 hours Classroom Training: 69 hours Additional Training: Additional on-site training; computer-based training | AnswerGroup's corporate executives have been focusing on healthcare for over 40 years, leveraging our experience in the industry. At AnswerGroup, we provide personalized support through an ongoing training affiliation with Harvard ManageMentor which provides our franchisees with managerial guidance. Weekly & Monthly Meetings Regional Meeting Quarterly Conference Annual Seminar |
Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | - |
Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing | - |
Operations | Absentee Ownership Allowed Number of Employees Required to Run: 3 | - |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | No | - |
International Expansion | Yes | - |