Silver Cross vs Prendamex Franchise Comparison

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

Start-Up Costs and Fees

 
Silver Cross Franchise
Prendamex Franchise
Investment $105,100 - $137,100$400,000 - $500,000
Franchise Fee $25,000$9,250 - $18,500
Royalty Fee 5%-
Advertising Fee --
Year Founded 1993-
Year Franchised 1994-
Term Of Agreement 5 years-
Term Of Agreement 5 years-
Renewal Fee $5K-


Business Experience Requirements

 
Silver Cross Franchise
Prendamex Franchise
Experience
  • General business experience
  • Marketing skills
  • -

    Financing Options

     
    Silver Cross Franchise
    Prendamex Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/No-/-
    Start-up Costs No/No-/-
    Equipment No/No-/-
    Inventory No/No-/-
    Receivables No/No-/-
    Payroll No/No-/-

    Training & Support

     
    Silver Cross Franchise
    Prendamex Franchise
    Training

    New franchise owners partake in a structured one month training program at the corporate store in Oakville Ontario. Learning from experienced and successful previous owners means you hit the ground running.

    -
    Support Meetings, Internet, Field operations/evaluations, Purchasing cooperatives-
    Marketing Ad slicks-
    Operations ; 0% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 1

    Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

    -

    Expansion Plans

     
    Silver Cross Franchise
    Prendamex Franchise
    US Expansion --
    Canada Expansion No-
    International Expansion Yes-

    Company Overviews

    About Silver Cross

    Silver Cross is all about mobility products. We can help with stair lifts, porch lifts and other home medical equipment.
    We're about accessibility, mobility, aging in place, living barrier-free and keeping your freedom and independence!

    The home healthcare products market is valued at more than $4.3 billion, and is expected to continue to grow as the population continues aging, increases in lifespan occur, the cost of out of home health care and living options increase and more people wish to remain in their homes as they age. Silver Cross is the resource for recycled and new home health care equipment including stair lifts, patient lifts, scooters, wheelchairs, home elevators and wheelchair lifts.

    About Prendamex