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Griswold Special Care

2012 Franchise 500
#161
At a Glance

Products & Services: Nonmedical home-care services

Number of Locations: 146

Total Investment: $72.33K - 95.3K

Founded: 1982

Began Franchising: 1984

Private Owned

About Griswold Special Care

A geriatric counselor and clergyman's wife, Jean C. Griswold founded Griswold Special Care in 1982 to help people remain independent. Griswold was inspired to start the program after an elderly widow from her husband's church died of kidney failure because she couldn't find anyone to take care of her at night. The company's first employees were graduate students from local seminaries. Griswold was diagnosed with multiple sclerosis in 1990.

Griswold Special Care provides ongoing home care for people who need help with daily tasks, are disabled, bed- or wheelchair-bound, live alone, or are recovering from hospitalization or nursing home stays. The service can also be used to give caregivers a break from caring for family members. The company's caregivers cook and prepare meals, do light housekeeping, shop and run errands, assist with transportation and medication, and transfer clients from beds to chairs. Offices in Florida offer expanded services with the help of RNs, LPNs and CNAs.

Franchise Units

Year U.S. Canadian International Company Owned
2011 137 0 0 9
2010 104 0 0 9
2009 90 0 2 12
2008 86 0 2 15
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S.

Startup Costs, Ongoing Fees and Financing

Total Investment: $72,325 - $95,300
Franchise Fee: $39,500
Ongoing Royalty Fee: 3-4%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $250,000
Liquid Cash Available: $50,000
Operations
Franchise can be run from home. 20% 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
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 7 days. Annual visit to franchisee's location, additional as needed
Ongoing Support: Newsletter, Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives,
Marketing Support: Co-op advertising, Ad slicks, National media, Regional advertising,

Franchise Ranking History

Franchise 500®: #161 (2012), #222 (2011), #300 (2010), #398 (2009),
Fastest-Growing: #64 (2012),
Low-Cost: #73 (2010), #88 (2009),
Top Homebased: #35 (2012), #66 (2011), #86 (2010),