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Updated RecentlyCaring Senior Service vs IKOR Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Caring Senior Service vs IKOR including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $110,099 - $176,016 | $86,450 - $138,083 |
| Franchise Fee | $41,500 | $37,500 |
| Royalty Fee | 5% | 8% |
| Advertising Fee | 2% | 1% |
| Year Founded | 1991 | 2000 |
| Year Franchised | 2002 | 2010 |
| Term Of Agreement | 10 years | 10 years +5+5+5 |
| Term Of Agreement | 10 years | 10 years +5+5+5 |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | *Desire to make a difference in people's lives *Ambition to succeed *High standards for customer service *Be a self-starter and understand the importance of having a strong sales focus *Willingness to follow a proven system *Effective and efficient in time management and priority setting | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | Yes/- | -/Yes |
| Start-up Costs | -/Yes | -/Yes |
| Equipment | -/Yes | -/- |
| Inventory | -/Yes | -/- |
| Receivables | -/Yes | -/- |
| Payroll | -/Yes | -/- |
Training & Support |
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| Training | Caring Senior Service provides initial training for up to 2 people. Training takes up to one week with additional time if needed. Training covers everything from marketing to high impact referral sources, recruitment and retention of Gold Level caregivers, and how to implement our GreatCareTM method. Classroom Training: 40 hours | Classroom Training: 74 hours |
| 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 | Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform |
| Marketing | o Marketing tools that stand out and are easy to implement o Shared market research that provides clear targets and reduces costly mistakes o Clearly defined marketing approach that builds trust o Individualized web site by location that helps connect and interact with referral sources, clients, families and caregivers o On-site sales training with your designated Franchise Business Consultant o Ongoing marketing tips with timely and relevant information 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: 2 - 3 | Number of Employees Required to Run: 2 |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | - | - |
| International Expansion | - | - |
Company Overviews
About Caring Senior Service
*GreatCareTM
*Same day service
*Flat rate pricing
*Personal introduction to their caregiver
*Unique client assessment process
*Vendor and Resource center
*/7 availability to management personnel
*43 Point home safety check
*Monthly caregiver screening through CSIdentity SAFESM
*Home safety products
We attract and retain great caregivers because we:
*Pay competitive rates
*Provide the industries best PTO Program
*Personally introduce them to their client
*Offer a unique training system
*Allow for flexible scheduling
*Provide merit increases based on success
*Show our Caregivers they are the most important part of the equation
*Provide opportunities for advancement through a career ladder
Veteran Incentives Up to $35,000 off franchise fee
About IKOR
A Unique and Rewarding Opportunity in the Senior and Disabled Professional Services Sector
IKOR is different from other businesses that serve the needs of seniors and the disabled. IKOR does not provide direct care, but acts as an advocate for its clients, creating and overseeing each client's medical, environmental, psycho-social and financial life plans.
With this approach, IKOR provides a wide range of services: advocacy, guardianship, care planning and coordination, financial management, routine bill payment services and small/minor trust work.
IKOR is a unique business opportunity in the senior and disabled care industry, allowing motivated franchise owners to provide a variety of badly needed services - with the support of an established organization - that make a
positive impact on the lives of individuals and families in their communities.
Our in-house team of highly experienced Registered Nurse Patient Advocates and Personal Needs Coordinators provides our customized services through an assessment process that ends in both short-term and long-term strategic planning. Each client's strategic plan is based on the unique needs of that individual.
The IKOR approach helps families manage both short-term health crises and long-term care issues for seniors and disabled adults and children.
If you have a true desire to help those who need help and want your work to have a meaning, we invite you to learn more about us! Take the next step toward being your community's solution for the issues of seniors and the disabled.
IKOR has identified the need, and developed the solution to address the specific medical, financial and other life issues of its clients. Our philosophy and individualized focus, our network of contacts, plus our deep understanding of various options and programs all become yours when you join IKOR!
What we seek in return is your dedication to providing services and intervention focused solely on the client.
We expect you to accept each client and situation as unique and individual, and that you use your business and relationship-building skills, plus your compassion, to help ensure your clients' needs are met in the most appropriate manner. It can be a highly-rewarding venture in so many ways. Contact us today to find out more
about the IKOR franchise program and begin your journey toward discovering if IKOR is right for you.