Meraki Assisted Living

Assisted living homes
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Franchise 500 2023
Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$129K - $627K
Units as of 2022
7 Increase 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 Information Circle
$45,000
Initial Investment Information Circle
$129,060 - $627,010
Net Worth Requirement Information Circle
$750,000
Cash Requirement Information Circle
$300,000
Veteran Incentives Information Circle
10% off first-unit franchise fee
Royalty Fee Information Circle
7%
Ad Royalty Fee Information Circle
2%
Term of Agreement Information Circle
10 years
Is franchise term renewable? Yes
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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? Information Circle
No
Can this franchise be run part time? Information Circle
No
# of employees required to run 15
Are exclusive territories available? Information Circle
Yes
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Disclaimer
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