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- 2022 Franchise 500 Rank
N/R Not ranked last year
- Initial investment
$110K - $170K
- Units as of 2022
57 23.9% over 3 years
Here’s what you need to know if you’re interested in opening a Caring Senior Service franchise.
Caring Senior Service offers non-medical care services and safety products to seniors who prefer to live in their homes rather than moving to a facility. Caring Senior Service began the process of perfecting its proprietary GREATCARE® method in 1991 before opening itself up to franchisees in 2002.
Caring Senior Service focuses on a three-pillared approach to senior home care: quality caregivers, quality solutions, and constant engagement. Today, the brand has expanded to include over 40 franchises all across the United States.
Why You May Want to Start a Caring Senior Service Franchise
With more than a 30-year track record in the senior home care industry, Caring Senior Service has demonstrated the strength of its business model. Its uniquely effective system and fairly affordable investment level may be an excellent start to understanding its continuing demand and company growth. Franchisees may benefit from advanced technology and a thorough and dedicated franchisee training and support program.
In terms of training, you will go through a multi-week session at headquarters in San Antonio, Texas and another few months in a core development program. These weekly training calls focus on implementing operational practices to help your business. Ongoing support may include individually-tailored marketing support, technology support, and software for accounting and client management.
What Might Make a Caring Senior Service Franchise a Good Choice?
To be part of the Caring Senior Service team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare for the existence of ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.
Caring Senior Service has partnered with third-party financial lenders that may offer assistance covering the costs of the startup, equipment, inventory, and payroll.
How To Open a Caring Senior Service Franchise
Suppose you're from corporate America with middle to senior management experience in any field, plus a passion for making a positive difference in real people's lives. In that case, a Caring Senior Service franchise could be right for you. You don't need experience in senior care, but you do need to be resilient, motivated, and trustworthy.
Also, consider that you will have to hire caregivers, come up with solutions with clients, and be available 24/7. You are in the business of caring and will have to oversee everything that entails, from physician visits to home safety surveys.
You probably won't have to do much research when it comes to available territories. Thanks to the system's semi-absentee ownership option, the company's national territory availability may give you the freedom to decide where to open and manage your franchise. This means you won't be tied down to one opportunity. There's plenty of room to develop your strategy, whether you decide to open one or more locations with Caring Senior Service.
If you like what you see and the franchisor agrees, then you could be well on your way to opening up the newest Caring Senior Service franchise.
About Caring Senior Service
- Franchising Since
- 2002 (20 years)
- # of employees at HQ
- Where seeking
This company is seeking new franchisees throughout the US.
- # of Units
- 57 (as of 2022)
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Caring Senior Service 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
- $110,000 - $170,000
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
- 20% off first-unit 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
- 5 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
- Caring Senior Service has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, payroll
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
- 68 hours
- Classroom Training
- 34 hours
- Ongoing Support
Purchasing Co-opsNewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail Marketing
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.
- # of employees required to run
- 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 Caring Senior Service landed on this year’s Franchise 500 Ranking versus previous years.
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