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Caring Senior Service

2014 Franchise 500
#378
At a Glance

Products & Services: Home care

Number of Locations: 59

Total Investment: $58K - $98.8K

Founded: 1991

Began Franchising: 2002

About Caring Senior Service

Jeff Salter worked in the home health care field, and saw a need for nonmedical home care services for seniors, so in 1991, he started Caring Senior Service in Odessa, Texas. The company expanded with several more locations throughout Texas before beginning to franchise nationwide in 2002. Franchisees offer a variety of in-home care services, including personal care, companionship, meal preparation, transportation, respite care, errand running and housekeeping. Caring Senior Service also offers safety products such as emergency response devices, portable medical storage, and activity alert systems.

Franchise Units

Year U.S. Canadian International Company Owned
2014 55 0 0 4
2013 49 0 0 4
2012 32 0 0 5
2011 26 0 0 9
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $58,035 - $98,750
Franchise Fee: $35,000
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 5 years, renewable
Veteran Incentives: 10% off franchise fee
Financial Requirements
Net Worth: $150,000
Liquid Cash Available: $50,000 - $100,000
Operations
20% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 2 - 3. Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators).
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 5 days. At franchisee's location: 3 days.
Ongoing Support: Newsletter, Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations
Marketing Support: Ad slicks, Regional advertising,

Franchise Ranking History

Franchise 500®: #378 (2014), #353 (2013), #342 (2012),