Start-Up Costs and Fees |
||
| Sarah Adult Day Services | Keepsake Companions | |
| Investment | 261000 - 280000 | 57671 - 116521 |
| Franchise Fee | 0 | |
| Royalty Fee | 10% | 5% |
| Advertising Fee | 2% | |
| Year Founded | 1985 | 2009 |
| Year Franchised | 2000 | 2012 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Sarah Adult Day Services | Keepsake Companions | |
| Experience | Q:Do I need a health care background to manage the center? A:No. Some of our most successful franchisees have business, marketing and/or sales backgrounds. Having a formal healthcare background and/or training is not necessary. Prior franchise experience is helpful. Q:Do I have to be on site to manage the daily operations of my center? A:No, we will assist you in hiring an Executive Director who will manage the center. You will be expected to have weekly meetings and unannounced visits to your center to ensure your Executive Director is fulfilling their obligations. | Experience in providing care and in running a business will be extremely helpful. Also, we feel these skills will be very advantageous to a franchisee. Compassion for seniors, and people in general. An entrepreneurial mindset. A desire to serve others and your community. Being comfortable with people and a good communicator. Willing to sell. |
Financing Options |
||
| Sarah Adult Day Services | Keepsake Companions | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Sarah Adult Day Services | Keepsake Companions | |
| Training | ||
| Support | Newsletter, Toll-free phone line, Grand opening, Field operations/evaluations | |
| Marketing | Ad slicks, National media | |
| Operations | 50% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 - 15 Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators) | absentee or part time owner? NO |
Expansion Plans |
||
| Sarah Adult Day Services | Keepsake Companions | |
| US Expansion | Florida, Georgia, Indiana, Michigan, North Carolina, Ohio, Pennsylvania, Texas | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Sarah Adult Day Services | |
| Keepsake Companions | |
| Franchise Fee | |
| Sarah Adult Day Services | |
| Keepsake Companions | |
| Royalty Fee | |
| Sarah Adult Day Services | 10% |
| Keepsake Companions | 5% |
| Advertising Fee | |
| Sarah Adult Day Services | |
| Keepsake Companions | 2% |
| Year Founded | |
| Sarah Adult Day Services | 1985 |
| Keepsake Companions | 2009 |
| Year Franchised | |
| Sarah Adult Day Services | 2000 |
| Keepsake Companions | 2012 |
| Term Of Agreement | |
| Sarah Adult Day Services | 10 years |
| Keepsake Companions | |
| Renewal Fee | |
| Sarah Adult Day Services | |
| Keepsake Companions | |
Business Experience Requirements |
|
| Experience | |
| Sarah Adult Day Services | Q:Do I need a health care background to manage the center? A:No. Some of our most successful franchisees have business, marketing and/or sales backgrounds. Having a formal healthcare background and/or training is not necessary. Prior franchise experience is helpful. Q:Do I have to be on site to manage the daily operations of my center? A:No, we will assist you in hiring an Executive Director who will manage the center. You will be expected to have weekly meetings and unannounced visits to your center to ensure your Executive Director is fulfilling their obligations. |
| Keepsake Companions | Experience in providing care and in running a business will be extremely helpful. Also, we feel these skills will be very advantageous to a franchisee. Compassion for seniors, and people in general. An entrepreneurial mindset. A desire to serve others and your community. Being comfortable with people and a good communicator. Willing to sell. |
Financing Options |
|
| Franchise Fees | |
| Sarah Adult Day Services | No |
| Keepsake Companions | No |
| Start-up Costs | |
| Sarah Adult Day Services | |
| Keepsake Companions | |
| Equipment | |
| Sarah Adult Day Services} | |
| Keepsake Companions | |
| Inventory | |
| Sarah Adult Day Services | |
| Keepsake Companions | |
| Receivables | |
| Sarah Adult Day Services | |
| Keepsake Companions | |
| Payroll | |
| Sarah Adult Day Services | |
| Keepsake Companions | |
Training & Support |
|
| Training | |
| Sarah Adult Day Services | |
| Keepsake Companions | |
| Support | |
| Sarah Adult Day Services | Newsletter, Toll-free phone line, Grand opening, Field operations/evaluations |
| Keepsake Companions | |
| Marketing | |
| Sarah Adult Day Services | Ad slicks, National media |
| Keepsake Companions | |
| Operations | |
| Sarah Adult Day Services | 50% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 - 15 Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators) |
| Keepsake Companions | absentee or part time owner? NO |
Expansion Plans |
|
| US Expansion | |
| Sarah Adult Day Services | Florida, Georgia, Indiana, Michigan, North Carolina, Ohio, Pennsylvania, Texas |
| Keepsake Companions | |
| Canada Expansion | |
| Sarah Adult Day Services | |
| Keepsake Companions | |
| International Expansion | |
| Sarah Adult Day Services | |
| Keepsake Companions | |