MyElder
Senior advocacy

MyElder
Senior advocacy

About
Founded

2004

Franchising Since

2014 (4 Years)

Corporate Address

511 Avenue of the Americas, #241G
New York, NY 10022

CEO

Claudine Halpern

Parent Company

My Elder Advocate

Financial Requirements
Initial Investment

$87,650 - $125,700

Net-worth Requirement

$250,000

Liquid Cash Requirement

$100,000

Ongoing Fees
Initial Franchise Fee

$39,500 - $39,500

Ongoing Royalty Fee

8%

Ad Royalty Fee

2%

Financing Options
Veteran Incentives

5% off franchise fee

Support Options
Ongoing Support

Purchasing Co-ops

Newsletter

Meetings/Conventions

Toll-Free Line

Grand Opening

Online Support

Field Operations

Site Selection

Proprietary Software

Franchisee Intranet Platform

Marketing Support

Co-op Advertising

Ad Templates

National Media

Regional Advertising

Social media

SEO

Website development

On-The-Job Training:

20 hour6

Classroom Training:

40 hours

Additional Training:

As needed

Absentee Ownership Allowed
Number of Employees Required to Run:

2

Cost
Initial Investment: Low - $87,650 High - $125,700
Units
-33.3%-1 UNITS (1 Year) +100.0%+1 UNITS (3 Years)

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units throughout the U.S.
Franchise Financing
Using 401(K)/IRA Funds
  • Tax Penalty-Free
  • Debt Free
  • Expert Guidance
Learn More

Franchise Articles

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To manage turnover, restaurant franchisees need to identify strategies to improve employee engagement.

Experts Point out The Important Reasons Why Restaurant Franchises Fail

The industry which was valued at USD 39.71 billion in 2017 is set for a huge growth and by the end of 2018, at a CAGR of 11%, will touch USD 65.4 billion

Why do Education Franchises Need to Reinvent Themselves?

Education is much more than just mugging up the syllabus and learning what's there in the course

6 Reasons Why Startups Are Riskier Than Franchise Businesses

Starting any business can be risky, but startups in particular deal with these six aspects.

Looking To Enter The Franchising Industry? Here Are Few Obstacles To Look After

Just like any other business, franchising has its own obstacles

Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.
Updated: June 25th, 2018
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