- 2023 Franchise 500 Rank
#172 Ranked #195 last year
- Initial investment
$128K - $172K
- Units as of 2023
361 13.9% over 3 years
As we get older, we all hope to receive quality care founded on respect, collaboration, and partnership.
Founded in 2001, Senior Helpers has relied on the principles of compassion, dependability, and affordability to meet the needs of the growing elderly population. The company, which is based in Towson, Maryland, delivers personal and companion care, sitter services, nurse, and peace of mind visits. They also offer surgery assistance and Alzheimer’s and dementia care.
Senior Helpers started franchising in 2005 and is a trusted and respectable organization that customers and franchisees value. There are over 275 Senior Helpers franchises in the United States, as well as several in both Canada and internationally.
Why You May Want to Start a Senior Helpers Franchise
Every day, the elderly and their families are grappling with the challenges of finding great care. They may always be on the lookout for a service that delivers on what they promise. As a Senior Helpers franchisee, you can fill this vital need because Senior Helpers is a leader in providing compassionate in-home assistance and care for the elderly.
Opening a Senior Helpers franchise may be an opportunity to jump into an important and expansive industry. With the senior population in America projected to continue growing, the market for senior care may be bound to expand. Senior Helpers is at the center of the action.
What Might Make a Senior Helpers Franchise a Good Choice?
Senior Helpers has been ranked in Entrepreneur’s Franchise 500 many times over the past several years. This ranking is based on an evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.
To be part of the Senior Helpers team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. You also should be sure not to forget about ongoing fees, which will include advertising fees and royalty fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.
How To Open a Senior Helpers Franchise
The journey towards opening a Senior Helpers franchise starts with the discovery process—investment and territory availability are discussed, followed by a training and operations discussion. Like every other amazing community, Senior Helpers strives to offer you help in preparing for all the opportunities that running a franchise has to offer.
Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. If your net worth and available liquid capital match the brand’s requirements, you may qualify to open a Senior Helpers franchise, and you can get started with an initial investment and relevant training.
Senior Helpers considers each applicant to be a valuable member of the family. For Senior Helpers, you are another step forward in strengthening the brand as it moves further in the industry while providing aid to those most in need. As a result, you will likely be treated like family as you make the move to opening a Senior Helpers franchise.
About Senior Helpers
|Franchising Since||2005 (18 years)|
|# of employees at HQ||50|
This company is offering 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, South Carolina, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming
This company is offering new franchisees in the following international regions: Australia/New Zealand, Canada
|# of Units||361 (as of 2023)|
Information for Franchisees
Here's what you need to know if you're interested in opening a Senior Helpers 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.
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.
|$127,800 - $171,800|
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.
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.
|15% off franchise 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
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?||Yes|
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
|Third Party Financing||Senior Helpers has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
|Classroom Training||117 hours|
Meetings & Conventions
Security & Safety Procedures
Franchisee Intranet Platform
Additional details about running this franchise.
|Is absentee ownership allowed?||No|
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||3|
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.
Interested in ownership opportunities like Senior Helpers? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where Senior Helpers landed on this year's Franchise 500 Ranking versus previous years.
Curious to know where Senior Helpers ranked on other franchise lists? Find out below.
Are you eager to see what else is out there? Browse franchises that are similar to Senior Helpers.
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