At a Glance
Products & Services: Nonmedical home care
Number of Locations: 258
Total Investment: $98.5K - $121.2K
Began Franchising: 1984
About Griswold Home CareA geriatric counselor and clergyman's wife, Jean Griswold founded Griswold Home Care in 1982 to help people remain independent in their homes. She started the program after an elderly parishioner from her husband's church died of kidney failure because she was left alone to care for herself. The company's first caregivers were local seminarians until certified nursing assistants replaced them in 1984. Griswold was already battling multiple Sclerosis when she began franchising that same year.
Griswold Home Care provides in-home care for people who are disabled, bed or wheelchair-bound, living alone, recovering from hospitalization or nursing home stays or who have special needs. The service can also be used as respite care for family members in need of assistance. Caregivers provide personal care, cook and prepare meals, do light housekeeping and laundry, shop and run errands, assist with medication and do transfers.
Startup Costs, Ongoing Fees and Financing
Franchise Fee: $49,500
Ongoing Royalty Fee: 3.5-4.5%
Term of Franchise Agreement: 10 years, renewable
Veteran Incentives: 5% off first-territory franchise fee
Financial RequirementsNet Worth: $275,000
Liquid Cash Available: $75,000
OperationsFranchise can be run from home. 45% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 1 - 2. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators).
|Financing Type||In-House||Third Party|
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