Senior Helpers Franchise: Average Sales ($1.17M) vs. Cost ($127K-$171K)

In this exclusive Franchise Chatter FDD Talk post, you’ll learn the following:

Section I – Estimated initial investment (franchise costs) for a Senior Helpers franchise, based on Item 7 of the company’s 2023 FDD

Section II – Initial franchise fee, royalty fee, and marketing fee for a Senior Helpers franchise, based on Items 5 and 6 of the company’s 2023 FDD

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Section III – Number of franchised and company-owned Senior Helpers outlets at the start of the year and the end of the year for 2020, 2021, and 2022, based on Item 20 of the company’s 2023 FDD

Section IV – News updates on the Senior Helpers franchise opportunity

Section V – Presentation and analysis of Senior Helpers’ financial performance representations (average revenues and/or profits), based on Item 19 of the company’s 2023 FDD, including information on the:

2022 average, median, high, and low gross revenue for the 218 Senior Helpers franchised businesses that have been operating for 60 months or more as of December 31, 2022

2022 average, median, high, and low gross revenue for the 21 Senior Helpers franchised businesses that have been operating between 48 and 59 months as of December 31, 2022

2022 average, median, high, and low gross revenue for the 12 Senior Helpers franchised businesses that have been operating between 36 and 47 months as of December 31, 2022

2022 average, median, high, and low gross revenue for the 15 Senior Helpers franchised businesses that have been operating between 24 and 35 months as of December 31, 2022

2022 average, median, high, and low gross revenue for the 21 Senior Helpers franchised businesses that have been operating between 12 and 23 months as of December 31, 2022

Section VI – Key ratios, comparables, computations, and analyses for the Senior Helpers franchise opportunity (exclusive content for Platinum subscribers)

Section I – Senior Helpers Franchise Costs

Senior Helpers franchise costs, based on Item 7 of the company’s 2023 FDD:

Initial Franchise Fee: $55,000
Travel and Living Expenses While Training: $1,500 to $3,000
Lease, Utility, and Security Deposits: $3,000 to $4,000
Leasehold Improvements: $2,500 to $6,500
Promotional Items: $2,000 to $4,000
Additional Staffing: $22,000 to $25,000
Furniture, Fixtures, and Equipment (including Computer System): $7,000 to $9,000
Supplies: $700 to $1,500
Initial Advertising: $3,000 to $6,000
Business License and Permits: $0 to $12,500
Legal and Professional Fees: $100 to $1,300
Insurance: $3,500 to $5,000
Recruitment: $1,000 to $2,000
Additional Funds for 3 Months: $26,500 to $37,000
Total Estimated Senior Helpers Franchise Costs: $127,800 to $171,800

Section II – Senior Helpers’ Initial Franchise Fee, Royalty Fee, and Marketing Fee

Senior Helpers’ initial franchise fee, royalty fee, and marketing fee, based on Items 5 and 6 of the company’s 2023 FDD:

Initial Franchise Fee: $55,000
Royalty: during the first year of operation, 5% of the Gross Sales from the preceding two-week period. Following the first year of operation, the greater of 5% of the Gross Sales from the preceding two-week period, or the Minimum Periodic Royalty Payment.
Marketing Fund: an amount up to 2% of your Gross Sales; currently, the greater of 1% of Gross Sales or $75 per billing period per territory
Brand Management Fee: currently, $150 per two-week period per territory, but Senior Helpers may increase this amount upon 30 days advance written notice

Section III – Number of Franchised and Company-Owned Senior Helpers Outlets

Franchised

2020

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Outlets at the Start of the Year: 297
Outlets at the End of the Year: 300
Net Change: +3

2021

Outlets at the Start of the Year: 300
Outlets at the End of the Year: 315
Net Change: +15

2022

Outlets at the Start of the Year: 315
Outlets at the End of the Year: 313
Net Change: -2

Company-Owned

2020

Outlets at the Start of the Year: 4
Outlets at the End of the Year: 4
Net Change: 0

2021

Outlets at the Start of the Year: 4
Outlets at the End of the Year: 5
Net Change: +1

2022

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Outlets at the Start of the Year: 5
Outlets at the End of the Year: 5
Net Change: 0

Section IV – News Updates on the Senior Helpers Franchise

Senior Helpers Ranks Among Best Affordable Franchises in 2023

Senior Care Company Opens New Location in Lexington, Adds Jobs to Community

Senior Helpers Ranked No. 172 on Entrepreneur’s 2023 Franchise 500 List

Section V – Financial Performance Representations (Average Revenues and/or Profits) for the Senior Helpers Franchise (Item 19, 2023 FDD)

Presented below are the actual, historical gross revenue figures for some franchised Senior Helpers Care Businesses in 2022.

The information below contains data for certain franchised Senior Helpers Care Businesses that have been operating for at least 12 months as of December 31, 2022. The information is organized into five categories:

(a) franchised businesses that have been operating for 60 months or more as of December 31, 2022;
(b) franchised businesses that have been operating between 48 and 59 months as of December 31, 2022;
(c) franchised businesses that have been operating between 36 and 47 months as of December 31, 2022;
(d) franchised businesses that have been operating between 24 and 35 months as of December 31, 2022; and
(e) franchised businesses that have been operating between 12 and 23 months as of December 31, 2022.

The results from some franchised Senior Helpers Care Businesses were not included in the table below; please see the notes that follow for an explanation.

Franchised Senior Helpers Care Businesses: 2022 Gross Revenue (Unaudited)

Franchised Businesses (Open 60+ Months)

Number of Franchised Businesses (Open 60+ Months): 218
Range of Gross Revenue: $23,443 to $7,854,967
Average Annual Gross Revenue: $1,332,049
Median Annual Gross Revenue: $1,092,170
Number of Franchised Businesses Greater Than Average: 81 (37%)

Franchised Businesses (Open 48-59 Months)

Number of Franchised Businesses (Open 48-59 Months): 21
Range of Gross Revenue: $162,440 to $2,245,849
Average Annual Gross Revenue: $976,029
Median Annual Gross Revenue: $762,723
Number of Franchised Businesses Greater Than Average: 6 (29%)

Franchised Businesses (Open 36-47 Months)

Number of Franchised Businesses (Open 36-47 Months): 12
Range of Gross Revenue: $0 to $1,419,534
Average Annual Gross Revenue: $677,514
Median Annual Gross Revenue: $683,537
Number of Franchised Businesses Greater Than Average: 6 (50%)

Franchised Businesses (Open 24-35 Months)

Number of Franchised Businesses (Open 24-35 Months): 15
Range of Gross Revenue: $44,938 to $1,285,586
Average Annual Gross Revenue: $550,213
Median Annual Gross Revenue: $470,688
Number of Franchised Businesses Greater Than Average: 6 (40%)

Franchised Businesses (Open 12-23 Months)

Number of Franchised Businesses (Open 12-23 Months): 21
Range of Gross Revenue: $106,571 to $2,068,354
Average Annual Gross Revenue: $536,510
Median Annual Gross Revenue: $437,090
Number of Franchised Businesses Greater Than Average: 9 (43%)

“Gross Revenue” represents the actual gross revenue for each franchised business in the sample for the period January 1, 2022 to December 31, 2022, as reported by franchisees to Senior Helpers. Included in gross revenue are all revenues from the offer and sales of all services (and products) to customers and clients of each franchised business in the sample.

The gross revenue figures are compiled by using sales that are reported to Senior Helpers by franchisees. Senior Helpers has not audited or verified the reports, nor have franchisees confirmed that their reports are prepared in accordance with generally accepted accounting principles.

“Average Annual Gross Revenue” is the total Gross Revenue for the franchised Senior Helpers Care Businesses in the sample, divided by the number of franchised Senior Helpers Care Businesses in the sample.

“Median Annual Gross Revenue” is the Annual Gross Revenue figure for which one-half of the sample had Gross Revenue greater than this figure, and one-half of the sample had less than the figure.

This Item 19 presents information for each of the franchised Senior Helpers Care Businesses that have been in operation more than 12 months. To avoid any skewing of data due to seasonality, revenues that may be generated from grand opening advertising or promotion, or effects (positive or negative) from start-up operations, the sample includes only franchisees who were operating during the entire 2022 calendar year and who were also operating for at least 12 months.

The Item 19 Gross Revenue information also does not include a franchisee that purchased an existing home care provider (not operating under the “Senior Helpers” brand and System) in 2022 that had been in operation at the time of the purchase.

As a result, the data in the table above includes a total of 287 franchised businesses.

From the period January 1, 2022 to December 31, 2022, 27 Senior Helpers Care Businesses closed or were otherwise acquired by Senior Helpers and as a result are not included in this Item 19 information.

From the period January 1, 2022 to December 31, 2022, no Senior Helpers Care Businesses closed after being open less than 12 months.

As part of your due diligence, you are welcome and encouraged to speak to Senior Helpers’ existing franchisees about any or all of their operations.

The data in the charts have been separated into five categories of results for:

(a) newer franchised businesses (those who have been operating for between 12 and 23 months);
(b) franchised businesses that have been operating for between 24 and 35 months;
(c) franchised businesses that have been operating for between 36 and 47 months;
(d) franchised businesses that have been operating for between 48 and 59 months; and
(e) more seasoned franchised businesses that have been operating for 60 months or more.

Senior Helpers has divided the franchised business data as noted because it has found that length of operation has a bearing on the results of a Senior Helpers Care Business due to the recurring nature of the clients and revenues from the business.

The chart does not include any estimate of, or specific or historic data regarding, costs, expenses, or debts that franchised businesses have incurred, or may in the future incur. Prospective franchisees should be aware that in evaluating a financial performance representation or an earnings claim that includes revenue or sales figures, or one that does not include any or all costs of goods sold, operating expenses, and other expenses, that costs and expenses must be deducted from the gross revenue or gross sales figures to obtain net income or profit. This Item 19 financial performance representation does not include net income or profit.

Senior Helpers cannot predict or project your costs and expenses. Costs and expenses that you may incur in the operation of your Senior Helpers Care Business include, among others, labor costs; any payments, compensation, or owner draws provided to the franchisee or the owner of the franchisee entity; marketing expenses; rent, mortgage, or other debt/financing costs; computer upgrades; legal and professional fees; income and other non-real estate taxes; royalty fees; and various other expenses.

You will incur these and other costs, and you should conduct an independent investigation of the costs and expenses you will or may incur in operating your franchised Senior Helpers Care Business. Franchisees or former franchisees listed in the disclosure document may be one source of this information. Franchisees are not required to report this data to Senior Helpers, and Senior Helpers does not have these operating costs for franchisees.

You are strongly encouraged to consult with your own financial advisors in reviewing the table and, in particular, in estimating your sales that you may achieve in operating your own Senior Helpers Care Business.

Actual costs, expenses, and revenues vary from business to business, and from franchisee to franchisee. Senior Helpers cannot estimate the results of any specific business or franchisee. Some franchised businesses have earned this amount. Your individual results may differ. There is no assurance that you’ll earn as much.

Section VI – Senior Helpers Franchise Ratios, Comparables, Computations, and Analyses (Exclusive Content for Platinum Subscribers) ⬇️

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Senior Helpers Franchise: Average Sales ($1.17M) vs. Cost ($127K-$171K)

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Section I – Senior Helpers Franchise Costs

Section II – Senior Helpers’ Initial Franchise Fee, Royalty Fee, and Marketing Fee