Seniors Helping Seniors

Nonmedical home care
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Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$93K - $143K
Units as of 2022
117 Increase 4.5% over 3 years

Company Overview

Kiran Yocom, who worked with Mother Teresa for 14 years before moving to the U.S. from India, teamed with husband Philip Yocom to start Seniors Helping Seniors in 1998. The company, which began franchising in 2006, offers companionship, nonmedical home care and home maintenance services to seniors who need help to stay in their homes-- all provided by other seniors, rather than younger caretakers.

About Seniors Helping Seniors

Industry Personal-Care Businesses
Related Categories Senior Care, Miscellaneous Personal-Care Businesses
Founded 1998
Leadership Namrata Yocom-Jan, President
Corporate Address 50 Grandview Blvd.
Wyomissing Hills, PA 19609
Social Facebook, Twitter, LinkedIn

Business Overview

Franchising Since 2006 (18 years)
# of employees at HQ 11
Where seeking

This company is offering new franchises throughout the US.

This company is offering new franchises worldwide.

# of Units 117 (as of 2022)

Information for Franchisees

Here's what you need to know if you're interested in opening a Seniors Helping Seniors 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 Information Circle
$50,000
Initial Investment Information Circle
$92,515 - $142,890
Net Worth Requirement Information Circle
$250,000
Cash Requirement Information Circle
$100,000
Veteran Incentives Information Circle
$2,500 off first-territory franchise fee; $3,500 off for 2 territories; $4,500 off for 3+
Royalty Fee Information Circle
5-6%
Ad Royalty Fee Information Circle
1%
Term of Agreement Information Circle
10 years
Is franchise term renewable? Yes
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Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing Seniors Helping Seniors has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs

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 10-20 hours
Classroom Training 32-64 hours
Ongoing Support
Newsletter
Meetings & Conventions
Grand Opening
Online Support
Security & Safety Procedures
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? Information Circle
Yes
Can this franchise be run part time? Information Circle
No
# of employees required to run 1-2
Are exclusive territories available? Information Circle
Yes
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Franchise 500 Ranking History

Compare where Seniors Helping Seniors landed on this year's Franchise 500 Ranking versus previous years.

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The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022