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Updated RecentlyCaring Senior Service vs Mastercare Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Caring Senior Service vs Mastercare 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 | $117,800 - $215,450 |
| Franchise Fee | $41,500 | $28,000 - $37,000 |
| Royalty Fee | 5% | - |
| Advertising Fee | 2% | - |
| Year Founded | 1991 | 2012 |
| Year Franchised | 2002 | 0 |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| 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/- | -/- |
| Start-up Costs | -/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 | Initial pre-start up training In house administrative training |
| 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 | Accounting Home Care Management Software systems Troubleshooting |
| 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 | Design support Events e.g. Senior Fairs Mass mailing support Print support Media: Broadcast and Internet Start up and ongoing marketing support |
| Operations | Absentee Ownership Allowed Number of Employees Required to Run: 2 - 3 | - |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | - | - |
| International Expansion | - | - |
Company Overviews
About Caring Senior Service
Grow with Us. Care with Us. Change Lives with Us.
If you are looking for a high-growth business and an opportunity to help people in need, you've come to the right place. Caring Senior Service gives individuals the opportunity to develop a lucrative business in the non-medical homecare industry while making positive changes in the lives of seniors and their families. We've created a turnkey business with a low-cost operating model that minimizes the start-up costs typically involved in building a new business. Premium territories are available throughout the U.S. that are exclusive to each franchisee. Request information now, or start exploring to learn why Caring Senior Service is the business of choice for passionate, success driven people.
Our clients choose Caring Senior Service over others because we offer:
*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 Mastercare
!["Mastercare]("https://fddexchange.com/wp-content/uploads/2020/10/Mastercare-300x99.png")
.Mastercare intends
for our franchisees to get the biggest bang for their buck in regards to
the territory you are purchasing.
You are opening your franchise to not
only help people in your local community, but also to ensure you are
able to make a living.
Mastercare
Franchise territories will service a population of approximately 75,000
to 250,000 people. For the initial Franchise Fee of $37,000 *,
your territory is designed by zip codes, political or geographical
boundaries. Your territory is PROTECTED, meaning that Mastercare will
not sell another franchise within that defined territory throughout the
life of your contract. We will help you evaluate the demographics of the
area you are considering for your territory based on the geographic
location, population, and isolation, etc.
Mastercare
also understands that small, rural towns need just as much Homecare
(and Healthcare) support as urban areas. Because of geographical
barriers, owning a franchise in a rural area may not allow for as large
of a client base. To encourage services in rural and underserved
populations, Mastercare offers smaller territories, populations between
10,000 and 74,999 people, at a reduced Rural Franchise Fee of $28,000 *.
Royalties under your Franchise Agreement are among the lowest in the industry. The Mastercare franchise royalty fee structure follows a descending scale based on gross revenues.
The franchise is not a home-based business and must be operated from a commercial office location.