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Below is an in-depth analysis and side-by-side comparison of The Senior's Choice vs AmeriCare Homecare including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $45,000 - $65,000 | N/A |
Franchise Fee | $29,000 | N/A |
Royalty Fee | Membership: $500/month (with 30-day written notice to discontinue membership. No ongoing royalties) | - |
Advertising Fee | - | - |
Year Founded | 1999 | - |
Year Franchised | 2007 | - |
Term Of Agreement | 5 years | - |
Term Of Agreement | 5 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | Minimum Net Worth: $100,000 Average Number Of Employees: 2 full time staff, 40 caregivers Passive Ownership: No | - |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | -/- |
Start-up Costs | No/No | -/- |
Equipment | No/No | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | The Senior's Choice provides extensive training and support to its members They receive 4 days of initial training where they learn all aspects of the business and the tools and resources that are available to them. After training, they enroll in a 90-day coaching program with our dedicated Trainer and Coach. In addition, support is available by phone and email during normal business hours. The Senior's Choice also hosts regularly scheduled regional "next-level" educational and networking events, as well as an annual conference. | We begin training before training begins. Before you even attend classes, we start working with you to answer questions, walk you through materials and assist you in the licensing process. When you arrive for formal training, you're better able to benefit from the interactive and role-playing exercises. This hands-on experience offers much more than any lecture ever could. We even help you build your business during training sessions by making sales calls with you and assisting you in setting up appointments. The last thing we want to do is send you back home with a stack of manuals and little applicable understanding. Training doesn't end when you return home. Our post training makes sure that the learning continues, with weekly conference calls, continuing education and support in your market. No one else offers this level of connectivity because only AmeriCare's Master Franchise Program provides you with an Area Developer to mentor you towards growth. |
Support | - | - |
Marketing | - | - |
Operations | 4 Primary Advantages:
1. We charge No Royalty Fees, just a flat monthly fee of $500 - This results in huge savings and much greater take-home earnings compared with their industry franchise competitors. 2. Franchises sign No Long-Term Contracts - Their membership with us is month to month and they can cancel at any time with 30 days notice. This requires management to provide exceptional value to its owners every day, or risk losing residual revenue due to canceled memberships. That said; our retention rate is impressively high. 3. Franchisees establish their Individual Brand Identity - Senior care is one industry where franchise brand recognition is less than 1%. Therefore, our owners have the advantage of developing their own unique brand identity and representing themselves as a locally owned/operated business - which clients prefer. 4. Franchisees are free to customize their business according to their wishes/needs - While we provide our Members/owners with complete operating systems, business framework and best-practices; they are free to customize their business according to their needs and desires. This enables them to adapt their business and services according to the unique demands of their local market and to take advantage of any revenue opportunities that they feel are beneficial to them. | - |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | - | - |
International Expansion | - | - |