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Updated RecentlyAging Excellence vs Majestic Residences Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Aging Excellence vs Majestic Residences including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $33,700 - $51,200 | $108,090 - $860,400 |
| Franchise Fee | $20,500 | $60,000 |
| Royalty Fee | 5% | 6% |
| Advertising Fee | - | - |
| Year Founded | 1999 | 2020 |
| Year Franchised | 2003 | 2020 |
| Term Of Agreement | 5 years | - |
| Term Of Agreement | 5 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 | -/- | -/- |
| Start-up Costs | -/- | -/- |
| Equipment | -/- | -/- |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
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| Training | * Available at headquarters: 1 week
* At franchisee's location: 2 days * Other training available | - |
| Support | * Meetings
* Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives | - |
| Marketing | * Co-op advertising
* Ad slicks * Regional advertising | - |
| Operations | * Franchise can be run from home
* 100% of all franchisees own more than one unit * Number of employees needed to run franchised unit: 14 - 14 * Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
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| US Expansion | - | Yes |
| Canada Expansion | - | - |
| International Expansion | - | - |
Company Overviews
About Aging Excellence
Aging Excellence offers selected individuals the opportunity to own
their own business. To meet our high standards you must be committed to
providing quality services, possess a positive caring attitude, and a
good sense of humor, be willing to network within a diverse community
and have a genuine passion to succeed.
Although helpful, no health care experience is necessary.
Founder Profile
Bethany Lawrence RN, BSN CMC, founder and President of Aging Excellence is active in daily operations. An entrepreneur at heart, Beth is a former Regional Clinical Director/Administrator for a Medicare Certified Home Health company that operated throughout the State of Maine. Personal experience with her own family and professional assessment of many home health clients made Beth aware of the virtual lack of non-medical services and activities that would allow individuals to maintain their independence and enhance the quality of life during times of illness and throughout the aging process.
About Majestic Residences
!["Majestic]("https://fddexchange.com/wp-content/uploads/2020/12/Majestic-Residences-300x160.jpg")
Majestic Residences Franchise Systems, LLC offers franchises for
businesses that deliver non-medical care in a group residential home
setting that
is performed by trained caregivers around the clock, seven days a week.Majestic Residences System also provide guidance in the acquisition, construction, and
operation of a residential assisted living home. These homes provide 24
hour care including all meals, assistance with activities of daily
living, which can include bathing, cleaning, dressing, showering,
toileting, medication management, and social activities.
We're Not Waiting for the Future of Residential Care, We're Creating It
The total investment necessary to begin operation of your Majestic
Residences Business ranges from $123,240 to $860,400 that must be paid
to the franchisor and their affiliates, or third party vendors. This
includes up to $49,500 that must be paid to the Franchisor or affiliate.
If you convert an existing, licensed home to their Franchise System,
the total investment necessary to begin operation of your Majestic
Residences Business ranges from $18,090 to $77,900. This includes up to
$10,000 that must be paid to the Franchisor or affiliate.