Senior Helpers Franchise FDD, Profits, Costs & Fees (2024)
Senior Helpers, founded in 2002, is a prominent franchise in the home care industry, offering a range of non-medical in-home care services. The company, headquartered in Towson, Maryland, began franchising in 2005 and has since expanded to over 345 locations worldwide.
Senior Helpers provides services such as companion care, personal care, and specialized care for conditions like Alzheimer’s, dementia, and Parkinson’s disease.
What sets Senior Helpers apart is their commitment to exceptional service and their unique programs like the LIFE™ Profile, a data-driven approach to help seniors stay in their homes longer.
This focus on high-quality, personalized care has helped the franchise earn a reputation as one of the most trusted names in senior care, consistently ranking on Entrepreneur’s Franchise 500 list.
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Initial Investment
How much does it cost to start a Senior Helpers franchise? It costs on average between $128,000 – $172,000 to start a Senior Helpers franchised center.
This includes costs for construction, equipment, inventory, and initial operating expenses. The exact amount depends on various factors, including the location, and whether the franchisee chooses to lease or purchase the property.
| Type Of Expenditure | Estimated Amount (Low-High Range) |
|---|---|
| Initial Franchise Fee | $55,000 |
| Travel and Living Expenses While Training | $1,500 – $3,000 |
| Lease, Utility and Security Deposits | $3,000 – $4,000 |
| Leasehold Improvements | $2,500 – $6,500 |
| Promotional Items | $2,000 – $4,000 |
| Additional Staffing | $22,000 – $25,000 |
| Furniture & Fixtures and Equipment (including Computer System) | $7,000 – $9,000 |
| Supplies | $700 – $1,500 |
| Initial Advertising | $3,000 – $6,000 |
| Business License & Permits | $0 – $12,500 |
| Legal/Professional Fees | $100 – $1,300 |
| Insurance | $3,500 – $5,000 |
| Recruitment | $1,000 – $2,000 |
| Additional Funds (3 months) | $26,500 – $37,000 |
| Total | $127,800 – $171,800 |
Average Revenue (AUV)
How much revenue can you make with a Senior Helpers franchise? A Senior Helpers franchised business makes on average $971,000 in revenue (AUV) per year.
Here is the extract from the Franchise Disclosure Document:
This compares to $754,000 yearly revenue for similar in-home care franchises.
Below are a few competitors as a comparison:
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Senior Helpers Franchise Disclosure Document
Frequently Asked Questions
How many Senior Helpers locations are there?
As of the latest data, Senior Helpers operates 288 locations across the United States. The majority of these are franchise-owned, with a smaller number being company-owned. The state with the highest concentration is California, hosting 45 locations, which accounts for approximately 16% of the total U.S. presence.
What is the total investment required to open a Senior Helpers franchise?
The total investment required to open a Senior Helpers franchise ranges from $128,000 to $172,000.
What are the ongoing fees for a Senior Helpers franchise?
A Senior Helpers franchise has a 5% royalty fee on gross sales, paid biweekly. Franchisees also contribute a minimum of 1% of gross sales or $75 per billing period per territory to the Marketing Fund. Additionally, there is a $150 Brand Management Fee every two weeks per territory, subject to change with 30 days’ notice. These fees support brand resources, marketing, and continuous franchise support.
What are the financial requirements to become a Senior Helpers franchisee?
To qualify as a Senior Helpers franchisee, you are required to have a minimum net worth of $200,000 and access to at least $55,000 in liquid capital. These financial prerequisites ensure that franchisees possess the necessary resources to establish and sustain their operations effectively.
How much can a Senior Helpers franchise owner expect to earn?
The average gross sales for a Senior Helpers franchise are approximately $0.97 million per location. Assuming a 15% operating profit margin, $0.97 million yearly revenue can result in $146,000 EBITDA annually.
Who owns Senior Helpers?
Senior Helpers is owned by Waud Capital Partners, a Chicago-based private equity firm. Waud Capital acquired Senior Helpers from Advocate Aurora Enterprises, a subsidiary of Advocate Aurora Health, in a transaction announced in March 2024. This acquisition marks Waud Capital’s seventh investment in the home care and post-acute sector.
Disclaimer
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