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Entrepreneur: Start & Grow Your Business

Synergy HomeCare

Nonmedical home care services

Background

Founded: 2001 Franchising since: 2005
Synergy HomeCare is a franchise opportunity founded by Peter Tourian. Based in Gilbert, Arizona, Synergy HomeCare provides in-home, nonmedical care to individuals requiring daily living assistance.
1757 E. Baseline Rd., Bldg. 6, #124
Gilbert, Arizona 85233
Phone:
(480)659-7771


Franchisor is a privately-held company with 10 employee(s); 10 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2009 67 0 0 0
2008 40 0 0 0
2007 18 0 0 0
2006 9 0 0 0
2005 1 0 0 0

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Outside the U.S.: Australia/new zealand, Canada

Exclusive territories available.
Territory size: 217,000 population

Costs and Fees

Total investment: $49.2K-99.5K
Franchise fee: $35K
Ongoing royalty fee: 5%
Term of agreement: 5 years, renewable


Type of Financing Available
In-House Third Party
Franchise Fee No Yes
Startup Costs No Yes
Equipment No Yes
Inventory No Yes
Accounts Receivable No Yes
Payroll No Yes

Qualifications
Net worth requirement: $150K
Cash liquidity requirement: $50K
Business Experience:
  • General business experience
  • Marketing skills
  • Corporate sales/marketing/HR skills

Operations
  • 10% of all franchisees own more than one unit
  • Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 1 week
  • At franchisee's location: 2 days

Ongoing Support
  • Newsletter
  • Meetings
  • Toll-free phone line
  • Internet
  • Field operations/evaluations

Marketing Support
  • Co-op advertising
  • Ad slicks
  • National media
  • Regional advertising

Other marketing support
  • Intranet

Rankings

Franchise 500® rank:
#407 (2009);

Top New Ranking:
#33 (2009);