Caring Senior Service

Caring Senior Service

Caring Senior Service
#324

Initial Investment

LOW: $58,585
HIGH: $102,450

Change in Units

-22.9% -11 UNITS (1 Year)
-10.4% -5 UNITS (3 Years)

Promoted Opportunities

Company Profile

Founded

1991

Franchising Since

2002 (14 Years)

Corporate Address

201 E. Park Ave., #100 San Antonio, TX 78212

CEO

Jeff Salter

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.

Financials

Financial Requirements

Initial Investment

$58,585 - $102,450

Net-worth Requirement

$150,000

Liquid Cash Requirement

$50,000 - $100,000

Ongoing Fees

Initial Franchise Fee

$35,000

Ongoing Royalty Fee

5%

Ad Royalty Fee

0.5%

Financing Options

Caring Senior Service offers in-house financing to cover the following: franchise fee

Caring Senior Service has relationships with third-party sources which offer financing to cover the following: 
startup costs, equipment, inventory, accounts receivable, payroll

Veteran Incentives


10% off franchise fee

Franchise 500® Rank History

Highest Rank: 324

Lowest Rank: 378

* Not all years were ranked

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units throughout the U.S.

Operations & Franchisor Support

Training Onsite: 3 days

Training at headquarters: 5 days

Ongoing Support
Newsletter
Meetings
Grand Opening
Internet
Security
Field Operations

Marketing Support
Ad Slicks
National Media

Absentee Ownership Allowed

Number of employees required to run: 2 - 3

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: October 15th, 2015

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