My Elder

My Elder

Senior advocacy
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2021 Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$72K - $119K
Units as of 2020
6 200.0% over 3 years

Company Overview

About My Elder

Related Categories
Senior Care
Founded
2004
Parent Company
My Elder Advocate
Leadership
Claudine Halpern, CEO

Franchising Overview

Franchising Since
2014 (7 years)
# of employees at HQ
5
Where seeking

This company is seeking new franchisees throughout the US.

# of Units
6 (as of 2020)

Franchisor Information

Corporate Address
344 Grove St., #210
Jersey City, NJ 07302

Information for Franchisees

Here’s what you need to know if you’re interested in opening a My Elder 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
$59,500
Initial Investment
$72,250 - $118,600
Net Worth Requirement
$250,000 - $500,000
Cash Requirement
$150,000 - $250,000
Veteran Incentives
5% off franchise fee
Royalty Fee
8%
Ad Royalty Fee
2%
Term of Agreement
10 years
Is franchise term renewable?
Yes

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
My Elder 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
40 hours
Classroom Training
40 hours
Additional Training
As needed
Ongoing Support
Newsletter
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
Regional Advertising
Social Media
SEO
Website Development

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
No
Can this franchise be run from home/mobile unit?
Yes
Can this franchise be run part time?
No
# of employees required to run
2
Are exclusive territories available?
Yes

Franchise 500 Ranking History

Compare where My Elder landed on this year’s Franchise 500 Ranking versus previous years.

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021