Your Choice Senior Care makes franchising with us one of the most affordable franchise opportunities available. Our low initial investment and exceptional franchisee training and support, our business is a great opportunity for you.
Estimated Initial Investment
Your Estimated Initial Investment (For Single Location)
Notes to Above Chart:
1. Initial Franchise Fee.
The nonrefundable initial franchise fee for a single location is forty-five thousand dollars ($45,000).
2. Franchise Location/Rent-Security Deposit.
You will establish an office or use an office sharing facility, approved by us, which enables you to rent the services of a receptionist, office phones, office space and conference facilities. If you lease traditional office space, the typical location will have 300 to 500 square feet. Lease cost will vary with real estate cost in each market. You are responsible for obtaining all necessary permits or licenses necessary for the site. Prepaid rent and security deposits are generally required by landlords, utilities and certain governmental entities.
3. Leasehold Improvements.
If you lease traditional office space, minimal leasehold improvements are generally required before operation. These cost vary based on the size of the space and requirements of a particular landlord, depending upon whether or not the improvements are capitalized as part of the lease.
This range includes cost of any signage used at the designated location in the Franchised Business.
5. Professional Fees.
This range represents the approximate cost associated with attorney and CPA fees.
6. Grand Opening Advertising.
This range represents the approximate cost associated with promoting the opening of your location.
This is an estimate of your initial insurance premium for required property and public liability insurance. Your cost will vary depending on your market, your carrier and other factors. The cost of other coverages including workers compensation and other types of coverage cannot be estimated as they vary widely on a market-by-market basis. We set minimum insurance requirements for your Franchised Business but we recommend that you seek the advice of an independent risk management professional and/or insurance broker to determine the additional coverage you should have in place for the business.
8. Additional Funds – Initial 3 Months.
You will need additional funds to cover expenses during the three-month period after starting your business. The actual amount you will need depends upon a number of factors, including the number of employees, how well you control initial expenses and your level of sales and marketing during the initial period.
The estimate of additional funds for the initial phase of your business is based upon recurring expenses and operating expenses for the first three months of operations. Additional funds required will vary by your management skill, experience, and business acumen; the relative effectiveness of any staff employed; local economic conditions; the local market for your services; prevailing wage rate; competition; and the sales level that you reach in your territory. You may incur other or higher cost, you may also need operating capital when running the business that is in addition to what is estimated here. These figures are estimates based upon information provided us from our affiliate.
9. Total Estimated Initial Investment.
The amounts shown in the chart are estimates only and may vary for many reasons including the size of the Franchised Business, the capabilities of your management team, where you locate your Franchised Business, and your business experience and acumen. For planning purposes, please note that must cost and expenses listed in this Item 7 are not within our control and are affected more by general economic conditions than our actions. This does not include personal living expenses, Franchise owner compensation, royalty, or marketing and promotion fund contributions. You should review these estimates carefully with a business advisor or accountant before making any decision to buy a franchise. We do not offer direct or indirect financing to you for any part of the Estimated Initial Investment. Once you sign the Franchise Agreement, no payment you make to us is refundable.