Golden Heart Senior Care

Description

Golden Heart Senior Care is an in-home non-medical senior care company specializing in companion care, home help services and personal care for seniors 65 years of age and older. We also provide assisted living services as well as in-home technology.

We deliver our services through qualified, experience caregiver employees. We offer single-unit, multi-unit and master franchise opportunities.

Background

Year Established: 2009
Year First Franchised: 2010
Franchised Units: 10-50
Actual number of units: 13
Company Owned Units: N/A
Projected New Units (12 months): 10-15

States referrals are accepted in:

  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Idaho
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • North Carolina
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • South Carolina
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • West Virginia
  • Wisconsin
  • Wyoming

Avail. in Canada: Masters/Area Developer: No

Notes:

States/Countries Registered In: All non-registration states plus CA, UT, TX, FL, MN, WI, MI, IN, NC and SC
Availability in Canada: Masters / Area Developer Not at this time

 

Financial / Terms

Cash Investment: $45,000
Minimum Investment: $49,825
Minimum Net Worth: $100,000
Franchise Fee: $39,500

Royalty: 6% of gross sales
Ad: N/A
Average # of Employees: 2-3 staff / plus 8-10 caregivers
Passive Ownership Allowed: Yes
Earnings Claims: No

Notes:
Total Investment: Single Unit = $49,825 to $75,800. Master Franchise = $50,000 to $1 million +
Minimum Net Worth: $100,000 for a single unit operator. For masters or multi-unit owners we like to see as a minimum 2.5x the cost of the territory. If they are purchasing a master franchise for $200,000 then we would like a net worth of at least $500,000. This will vary based on certain factors.

Franchise Fee: $39,500 for single unit. Multi-units are sold at $39,500 for first unit, $30,000 for second and $25,000 for each additional unit. Master franchises are sold based on the senior population and the minimum size territory is $50,000 and goes up from there.

IF A MASTER FRANCHISEE WANTS TO DEVELOP A UNIT, THEY RECEIVE THE FIRST FRANCHISE FOR FREE. MASTER FRANCHISEES SHARE IN FRANCHISE FEE INCOME AND ROYALTY INCOME AS WELL.

Average # of Employees: 2 to 3 staff (after start-up phase) and initially 8 to 10 caregivers. Caregivers will increase with client load.

 

Franchise Sales

Single Unit: Yes
Multiple Units: Yes
Area/Master Developer: Yes
Resales: No

 

International Expansion

International Expansion Opportunities: No
Developing outside of the U.S.: N/A
Single Unit Availability Outside U.S.: No
Multiple Unit Availability Outside U.S.: No
Area Development or Master Avail.: No
Cash Investment: N/A
Total Investment: N/A

Notes:

No International Opportunities at this time

 

Support & Training Provided

Financial Assistance Provided:No
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Co-operative Advertising: Yes

Notes:

Financial Assistance Provided: We prefer not to on single units, however will consider it on a large master franchise purchase or larger multi-unit deal.
Site Selection Assistance: Yes where applicable
Lease Negotiation Assistance: Yes where applicable
Co-operative Advertising: Yes when applicable

Training:

We have a comprehensive pre-training correspondence program that covers setting up their business, setting up bank accounts, hiring caregivers, establishing insurance thru our national provider and completing software training. This takes about 3 weeks to complete and that is accomplished all before they show up at corporate for training. Once at corporate the franchisee will spend 2 days of focused training on marketing, advertising and operations. Our master franchisees undergo a modified training program and lasts 1 day at corporate. If a master franchisee determines to open a single unit franchise in their territory, then they will undergo the same training as a franchisee.

 

Get Started!



Freddy O'Pry

Franchise Development

281-342-7474