Griswold Home Care

Griswold Home Care

Not Ranked

Initial Investment

LOW: $98,525
HIGH: $121,150

Change in Units

-19.2% -42 UNITS (1 Year)
-13.7% -30 UNITS (3 Years)

Promoted Opportunities

Company Profile

Founded

1982

Franchising Since

1984 (32 Years)

Corporate Address

120 W. Germantown Pike, #200 Plymouth Meeting, PA 19462

CEO

Matt Murphy

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.

Financials

Financial Requirements

Initial Investment

$98,525 - $121,150

Net-worth Requirement

$275,000

Liquid Cash Requirement

$75,000

Ongoing Fees

Initial Franchise Fee

$49,500 - $54,500

Ongoing Royalty Fee

3.5-4.5%

Ad Royalty Fee

0.5%

Financing Options

Griswold Home Care has relationships with third-party sources which offer financing to cover the following: 
franchise fee, startup costs

Veteran Incentives


5% off first-territory franchise fee

Franchise 500® Rank History

Highest Rank: 138

Lowest Rank: 449

  • 2006 - 342
  • 2007 - 449
* Not all years were ranked

Units (Locations)

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

Operations & Franchisor Support

Training at headquarters: 10 days

Additional Training: Field visits as needed, monthly webinars, mentor program

Ongoing Support
Purchasing Co-ops
Newsletter
Meetings
Grand Opening
Internet
Security
Field Operations

Marketing Support
Co-op Advertising
Ad Slicks
Regional Media
National Media

Number of employees required to run: 1 - 2

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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: August 5th, 2015

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