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- 2022 Franchise 500 Rank
N/R Ranked #284 last year
- Initial investment
$74K - $94K
- Units as of 2021
141 72.0% over 3 years
Here’s what you need to know if you’re interested in opening a Assisted Living Locators franchise.
Assisted Living Locators, founded in 2003, began with the simple purpose of providing expert help to seniors and their families. As a franchise, Assisted Living Locators(ALL) delivers on multiple services, including helping seniors identify in-home care options in their area, finding assisted living homes, and securing independent retirement options.
Assisted Living Locators is the bridge that makes the best choices available to seniors or families seeking excellence in care. Since Assisted Living Locators started franchising in 2006, it has grown exponentially from its roots in Scottdale, Arizona. In 15 years, Assisted Living Locators has successfully opened over 125 units.
If you are passionate about helping seniors and their families find the right type of assistance as they transition to a new stage in life, you are the perfect franchisee candidate.
Why You May Want to Start an Assisted Living Locators Franchise
An Assisted Living Locators franchise sets you up to provide community service for a demanding market. Statistics indicate that seniors aged 65+ are the fastest-growing demographic, and many require long-term care.
A factor that sets Assisted Living Locators apart from the competition is their mission to improve seniors' quality of life and their families at either little or no cost to them. Assisted Living Locators play an essential role in their client's lives by introducing professional guidance when it’s needed the most.
Customers love Assisted Living Locators' work because they do their due diligence in finding the perfect places for seniors. They strive to listen to individual needs. By working with Assisted Living Locators, you can guide the most vulnerable in your community to find the best options in the shortest time possible.
What Might Make Assisted Living Locators a Good Choice?
To start an Assisted Living Locators franchise, you should make sure you're financially ready for the initial investment, including a franchise fee and other potential startup fees.
As a member of the Assisted Living Locators family, they also expect you to pay their royalty fee and ad royalty fee on yearly gross revenue. A bright side is that once you have opened a franchise, the terms of the agreement are valid for ten years, after which you can renew if both you and the franchisor are happy with the growth of the franchise.
Assisted Living Locators has established relationships with third-party sources to offer financing to help franchisees pay the franchise fee, startup cost, and equipment finance. Veterans may also want to take advantage of the discount on franchise fees.
How to Open Your Own Assisted Living Locators Franchise
As you look to open an Assisted Living Locators franchise, start by submitting an inquiry for more information. After this is done, a representative will contact you if you appear to be a good fit for the brand. The application process entails an exploration of your financial options and identification of your desired territory. If you continue on in the process after this point, you'll receive the Franchise Disclosure Document, which further explains the business processes of Assisted Living Locators.
Other requirements for Assisted Living Locators franchisees include both on-the-job and classroom training. The company also offers ongoing and marketing support. The training and support options ensure that franchise teams are ready to operate on par with Assisted Living Locators' objectives to deliver unbiased, personal, and expert guidance.
About Assisted Living Locators
- Franchising Since
- 2006 (16 years)
- # of employees at HQ
- Where seeking
This company is seeking new franchisees in the following US states: Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming
- # of Units
- 141 (as of 2021)
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Assisted Living Locators 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
Definition: The initial fee paid to a franchisor to join their system
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
- Initial Investment
- $74,213 - $94,437
Definition: The total amount necessary to begin operation of the franchise
What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.
- Net Worth Requirement
Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company
What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.
- Cash Requirement
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
- Veteran Incentives
- 10% off franchise fee
Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.
- Royalty Fee
Definition: A ongoing fee paid to the franchisor on a regular basis.
What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.
- Ad Royalty Fee
Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts.
What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.
- Term of Agreement
- 10 years
Definition: The length of time your franchise agreement will last.
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
- Is franchise term renewable?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- Third Party Financing
- Assisted Living Locators has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment
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
- 5.75 hours
- Classroom Training
- 24.5 hours
- Ongoing Support
Purchasing Co-opsNewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresField OperationsProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
Additional details about running this franchise.
- Is absentee ownership allowed?
Definition: Absentee ownership means that the franchisee does not actively work in the franchise business or manage day-to-day operations.
- Can this franchise be run from home/mobile unit?
Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.
- Can this franchise be run part time?
Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.
- Are exclusive territories available?
Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened.
What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.
Franchise 500 Ranking History
Compare where Assisted Living Locators landed on this year’s Franchise 500 Ranking versus previous years.
Are you eager to see what else is out there? Browse more franchises that are similar to Assisted Living Locators.
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