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Seniors Helping Seniors

2014 Franchise 500
#174
At a Glance

Products & Services: Nonmedical home care

Number of Locations: 251

Total Investment: $86.8K - $123.9K

Founded: 1998

Began Franchising: 2006

About Seniors Helping Seniors

Kiran Yocom, who worked with Mother Teresa for 14 years before moving to the U.S. from India, teamed with husband Philip Yocom to start Seniors Helping Seniors in 1998. The company, which began franchising in 2006, offers companionship, nonmedical home care and home maintenance services to seniors who need help to stay in their homes-- all provided by other seniors, rather than younger caretakers.

Franchise Units

Year U.S. Canadian International Company Owned
2014 246 0 3 2
2013 227 0 3 1
2012 199 0 0 1
2011 168 0 0 1
Where Seeking Franchisees: Franchisor is seeking new franchise units in the U.S.,Canada, Eastern Europe, Mexico, Western Europe.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $86,785 - $123,890
Franchise Fee: $40,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $40,000
Liquid Cash Available: $40,000
Operations
Franchise can be run from home. 25% 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).
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. Annual convention : 2 days.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations
Marketing Support: Ad slicks, Regional advertising,
Other marketing support: Radio

Franchise Ranking History

Franchise 500®: #174 (2014), #139 (2013), #164 (2012),
Fastest-Growing: #99 (2014), #66 (2013), #42 (2012),
Top Home-Based: #42 (2014), #29 (2013), #37 (2012),
America's Top Global: #130 (2012),

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