Seniors Helping Seniors

Seniors Helping Seniors

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Promoted Opportunities

#246

Initial Investment

LOW: $86,785
HIGH: $141,390

Change in Units

+1.4% +4 UNITS (1 Year)
+24.2% +56 UNITS (3 Years)

Company Profile

Founded

1998

Franchising Since

2006 (11 Years)

Corporate Address

50 Grandview Blvd. Wyomissing Hills, PA 19609

CEO

Philip Yocom

About Seniors Helping Seniors

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.

Financials

Financial Requirements

Initial Investment

$86,785 - $141,390

Net-worth Requirement

$45,000

Liquid Cash Requirement

$45,000

Ongoing Fees

Initial Franchise Fee

$40,000

Ongoing Royalty Fee

6%

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units worldwide.

Operations & Franchisor Support

Training at headquarters: 5 days

Additional Training: Annual convention

Ongoing Support
Purchasing Co-ops
Newsletter
Meetings
Grand Opening
Internet
Security
Field Operations

Marketing Support
Co-op Advertising
Ad Slicks
National Media
Regional Media

Number of employees required to run: 1 - 2

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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: August 18th, 2016

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