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Below is an in-depth analysis and side-by-side comparison of Time For Fitness vs Assisted Living Locators including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $58,000 - $68,000 | $67,490 - $87,240 |
Franchise Fee | $30,000 | $49,500 |
Royalty Fee | 5% | 8%+ |
Advertising Fee | - | 2% |
Year Founded | 2004 | 2003 |
Year Franchised | 2005 | 2006 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | $5K | - |
Business Experience Requirements |
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Experience | - | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/Yes |
Start-up Costs | No/No | -/Yes |
Equipment | No/No | -/Yes |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | - | On-The-Job Training: 5.75 hours Classroom Training: 75.5 hours |
Support | Newsletter, Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform |
Marketing | Co-op advertising, Regional advertising | Ad Templates Social media SEO Website development Email marketing |
Operations |
0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 - 3
Absentee ownership of franchise is allowed. | - |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | No | - |
International Expansion | Yes | - |
NO LONGER FRANCHISING
IT'S ABOUT TIME...AND TIMING !
How do you define a great business? One that is guaranteed success
and ongoing growth? Easy! A great business is one where the concept is
so unique, and in such demand, that it makes consumers say, “That’s
exactly what I needed!” Assisted Living Locators is that concept.
However, that’s just part of the equation. Even the most market-friendly idea can fail if it’s launched at the wrong time.
It’s The Right Time
The good news is that the time is right for our Assisted Living Locators business
opportunity that is both unique and in-demand. Fact is, the demand for
assisted living services increases daily as tens of thousands of
Americans and their families search for assisted living homes and
communities. And, while doing so, each often find the process
frustrating and time-consuming, and the options confusing. Assisted Living Locators service offerings provide relief for this
condition, and a rewarding business opportunity for our franchise
operators.
Consider this...and you’ll agree that now is the ideal time for you to launch an Assisted Living Locators in your area.