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Senior Helpers

More than a companion care company, Senior Helpers provides full in home personal and companion care to seniors, including help with daily tasks such as light housework, meal preparation, errands, transportation, medicine reminders, meal planning, and Alzheimer’s care. Offering a continuum of care (beyond basic companionship) puts Senior Helpers at the forefront of the industry and gives us a strategic advantage in the marketplace.

Business Quantifiers: Currently, nearly 20% of seniors have significant long-term care needs. Studies also indicate that by 2020, the number of senior households is expected to grow by nearly 53%, with more than 80% of seniors expected to still be homeowners. Their in-home needs will grow, as well, with the number of seniors with disabilities expected to continually increase. A US government commission recently concluded that “the need for Home- and Community-Based Services will grow substantially owing to the desire for seniors to age in place.”

BACKGROUND:

Year Established: 2001
Year First Franchised: 2002
Franchised Units: 200+
Company Owned Units: 1
Projected New Units (12 months): 60
States Registered In: All US states except - DE, ND, SD, RI and HI. Available in Canda, except Quebec

FINANCIAL/TERMS

Cash Investment: $80K
Total Investment: $60.8K - $81.8K (includes working capital)
Minimum Net Worth: $200K
Franchise Fee: $36K / Single
Royalty: 5%
Ad: 1/2 %
Average # of Employees: 1.5 - 2 employees per client
Part-time Ownership Allowed: No

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