- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$129K - $627K
- Units as of 2022
-
7 0.0% over 3 years
Company Overview
About Meraki Assisted Living
Industry | Personal-Care Businesses |
---|---|
Related Categories | Senior Care |
Founded | 2015 |
Parent Company | Meraki Assisted Living LLC |
Leadership | Scott Hemenway, Founder/CEO |
Corporate Address |
8100 Old Cedar Ave. S., #105 Bloomington, MN 55425 |
Social | Facebook, Instagram |
Business Overview
Franchising Since | 2021 (3 years) |
---|---|
# of employees at HQ | 6 |
Where seeking |
This company is offering new franchises in the following US states: Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Vermont, Wisconsin, West Virginia, Wyoming |
# of Units | 7 (as of 2022) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Meraki Assisted Living franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee
|
$45,000 |
---|---|
Initial Investment
|
$129,060 - $627,010 |
Net Worth Requirement
|
$750,000 |
Cash Requirement
|
$300,000 |
Veteran Incentives
|
10% off first-unit franchise fee |
Royalty Fee
|
7% |
Ad Royalty Fee
|
2% |
Term of Agreement
|
10 years |
Is franchise term renewable? | Yes |
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
On-The-Job Training | 16 hours |
---|---|
Classroom Training | 55 hours |
Ongoing Support |
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
|
Marketing Support |
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | No |
---|---|
Can this franchise be run from home/mobile unit?
|
No |
Can this franchise be run part time?
|
No |
# of employees required to run | 15 |
Are exclusive territories available?
|
Yes |
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