Griswold Home Care

#140

At a Glance

Products & Services: Nonmedical home-care services

Number of Locations: 242

Total Investment: $93.83K - 116.45K

Founded: 1982

Began Franchising: 1984

About Griswold Home Care

A 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.

Franchise Units

Year	U.S.	Canadian	International	Company Owned
2013	233	0	0	9
2012	191	0	0	9
2011	137	0	0	9
2010	104	0	0	9
2009	90	0	2	12

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

Startup Costs, Ongoing Fees and Financing

Total Investment: $93,825 - $116,450
Franchise Fee: $45,000
Ongoing Royalty Fee: 3-4%
Term of Franchise Agreement: 10 years, renewable

Financial Requirements

Net Worth: $275,000
Liquid Cash Available: $75,000

Operations

Franchise can be run from home. 35% 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).