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Entrepreneur: Start & Grow Your Business

Ikor USA Inc.

Patient advocacy & guardianship for seniors & the disabled

Background

Founded: 1998 Franchising since: 2008
415 McFarlan Rd., #200
Kennett Square, Pennsylvania 19348
Phone:
(877)456-7872/ (610)444-1454


Franchisor is a privately-held company with 14 employee(s); 5 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2009 0 0 0 1
2008 1 0 0 1
2007 N/A N/A N/A 1
2006 N/A N/A N/A 1
2005 N/A N/A N/A 1

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Kansas, Louisiana, Massachusetts, Maryland, Maine, Missouri, Mississippi, Montana, North carolina, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, Tennessee, Texas, Virginia, Vermont, West virginia, Wyoming

Exclusive territories available.
Territory size: 100,000+ population over 65 years old

Costs and Fees

Total investment: $53.8K-84.6K
Franchise fee: $35K
Ongoing royalty fee: 8%
Term of agreement: 10 years


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

Qualifications
Net worth requirement: $86.5K-103.8K
Cash liquidity requirement: $50K
Business Experience:
  • General business experience
  • Professionals (doctors, nurses, attorneys, etc.)

Operations
  • Franchise can be run from home
  • Number of employees needed to run franchised unit: 10
  • Absentee ownership of franchise is NOT allowed.

Training and Support

Training
  • Available at headquarters: 3 weeks
  • At franchisee's location: once a month for 3 months
  • Online : ongoing

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

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

Other marketing support
  • Existing customer marketing