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Synergy HomeCare

2014 Franchise 500
#258
At a Glance

Products & Services: Nonmedical home care

Number of Locations: 280

Total Investment: $56.1K - $135.9K

Founded: 2001

Began Franchising: 2005

About Synergy HomeCare

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.

Franchise Units

Year U.S. Canadian International Company Owned
2014 280 0 0 0
2013 259 0 0 0
2012 248 0 0 0
2011 231 0 0 0
2010 206 0 0 0
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $56,125 - $135,850
Franchise Fee: $45,000
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 5 years, renewable
Veteran Incentives: $2,000 off franchise fee
Financial Requirements
Net Worth: $150,000
Liquid Cash Available: $50,000
Operations
40% of all franchisees own more than one unit. 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: 1 week. Periodic visits
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations, Lease Negotiation
Marketing Support: Co-op advertising, Ad slicks, National media, Regional advertising,
Other marketing support: Intranet

Franchise Ranking History

Franchise 500®: #258 (2014), #175 (2013), #177 (2012), #182 (2011), #406 (2010),
Fastest-Growing: #86 (2013), #46 (2011), #79 (2010),
Top New: #13 (2010),
America's Top Global: #141 (2012), #144 (2011),

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