Rank no. 353 – Caring Senior Service – US
Products & Services: In-home senior care
Number of Locations: 49
Total Investment: $52.65K – 93.34K
Began Franchising: 2002
About Caring Senior Service
Jeff Salter worked in the home health care field, and saw a need for nonmedical home care services for seniors, so in 1991, he started Caring Senior Service in Odessa, Texas. The company expanded with several more locations throughout Texas before beginning to franchise nationwide in 2002. Franchisees offer a variety of in-home care services, including personal care, companionship, meal preparation, transportation, respite care, errand running and housekeeping. Caring Senior Service also offers safety products such as emergency response devices, portable medical storage, and activity alert systems.
Startup Costs, Ongoing Fees and Financing
Franchise Fee: $35,000
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 10 years, renewable
Net Worth: $150,000
Liquid Cash Available: $50,000 – $100,000
20% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 2 – 3. Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators).
|FINANCING TYPE||IN-HOUSE||THIRD PARTY|