Golden Heart Senior Care

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Business Broker Franchise

Golden Heart Senior Care


Description:

Golden Heart Senior Care provides non-medical in-home personal care, supplemental staffing services and assisted living/residential care placement services using our distinctive system for seniors 65 years of age and older and other individuals who require similar assistance. We deliver their services through qualified, experienced caregiver employees. Golden Heart offers single-unit and multi-unit franchise opportunities.


Business Type:

· Home Based

· Office Space

B2B / B2C:

· B2B (staffing)

· B2C (In Home Care)

Contact Info

Listing Owner: goldenheartseniorcare

Contact Person:
Steve Vandegrift

Golden Heart Senior Care
7460 Warren Parkway Suite 100
Frisco Texas 75034

Phone: 800-601-2792

Fax: 888-498-8490

Website: http://www.goldenheartseniorcare.com

Email: franchise@goldenheartseniorcare.com

Additional Information

· Golden Heart Senior Care 'Franchise Overview Presentation' (Effective: June 2017)

WHY OWN A GOLDEN HEART SENIOR CARE FRANCHISE?

Golden Heart Senior Care enables our Franchise Owners to provide exceptional care for seniors and to be considered trusted experts in the senior home care industry. More importantly, we focus on helping our Franchise Owners to be MORE SUCCESSFUL FASTER!

Larger Territories – Prime Locations – Flexible Territory Options

Golden Heart Senior Care offers larger protected franchise territories based on total population of seniors (not on general population) because we would rather have fewer, highly successful Franchise Owners. We offer:

· Territories based on 30,000 or more seniors

· Multi-Unit Discounts & Veteran’s Discounts

· Conversion options for existing agencies & partial territories available in rural areas

· Prime Locations are available in EVERY market!

Extensive Support Tailored to Your Business Needs

Golden Heart Senior Care is led by a team of healthcare professionals possessing a broad range of in-home care expertise. We provide comprehensive training and support to our Franchise Owners to enable the efficient operation of their business.

· Advanced senior care franchise training & start-up support

· Direct access to owners and leaders

· Mentors & nationally recognized Customer Development/Sales Training

· Unique and fully featured web site that generates customer leads

· Regular webinars & communications to keep you up to date

Keeping Your Cost Low

The success of any business depends on generating revenue and minimizing expenses. Golden Heart Senior Care enables our Franchise Owners to spend their money where it benefits their business.

· No Advertising Fee!

· No Required Purchase from the Franchisor!

· Multiple Streams of Income

· Preferred & Discounted Relationships with Vendors

· Comprehensive Business Insurance Programs

Downloads:



Webinar:

Franchise Sales

Units:

· Single Unit

· Multiple Units

Resales: No

Background

Year Established: 2009

Year First Franchised: 2010

Franchised Units: 10 - 50

Actual number of units: 29 as of December 31, 2016

Company Owned Units: 0

States referrals are accepted in:

· Alabama

· Alaska

· Arizona

· Arkansas

· California

· Colorado

· Connecticut

· Delaware

· Florida

· Georgia

· Idaho

· Illinois

· Indiana

· Iowa

· Kansas

· Kentucky

· Louisiana

· Maine

· Maryland

· Massachusetts

· Michigan

· Minnesota

· Mississippi

· Missouri

· Montana

· Nebraska

· Nevada

· New Hampshire

· New Jersey

· New Mexico

· Ohio

· Oklahoma

· Oregon

· Pennsylvania

· South Carolina

· South Dakota

· Tennessee

· Texas

· Utah

· Vermont

· Virginia

· Washington

· Washington DC

· West Virginia

· Wisconsin

· Wyoming


Background Notes:

Year Established: 2009
Year First Franchised: 2010
Franchised Units: over 30 franchises in 17 states

Company Owned Units: 0
Projected New Units (12 months): 6 to 12 single unit franchise sales
States/Countries Registered In: In all states except HI, NY, ND and RI Availability in Canada: Masters / Area Developer (Program is in development)

Financial Terms

Cash Investment (Liquid): $25,000

Maximum Investment: $86,500

Minimum Net Worth: $100,000

Franchise Fee: $45,000


Discounts:

· Veterans (10%)

· Multi-unit (1/3 off for additional units)

Financial Performance Representation / FPR-Item 19 in FDD: Yes


Participation Type:

· Owner-Operator Preferred

· Passive Ownership Permitted


Royalty Type: Flat Percentage Fee

Royalty Fee Structure:

6% of Gross Revenue Paid Monthly.

Ad Fee Structure:

No National Ad Fee


Financial Terms Notes:

Minimum Cash Investment: Single Unit = $25,000.
Total Investment: Single Unit =
$59,325 to $86,500

Minimum Net Worth: $100,000 for a single unit operator.

Franchise Fee: $45,000 for single unit. Multi-units are sold at $45,000 for first unit, with a 1/3 discount for subsequent units.

Discounts: Veterans (10% discount)
VetFran Program Participant: no, but we offer a 10% discount to honorably discharged veterans
Royalty: 6% of gross sales
Ad: No national ad fee collected
Average # of Employees: 2 to 3 staff (after start-up phase) and initially 8 to 10 caregivers. Caregivers will increase with client load.
Passive Ownership Allowed: Yes
Earnings Claims: Yes

International Expansion

International Expansion Opportunities: Yes

Single Unit Availability Outside US: No

Multiple Unit Availability Outside US: No

Area Development or Master Avail: Yes (Area Representative)


International Expansion Notes:

Interested in expanding opportunities in Canada, Australia, New Zealand and the United Kingdom. Willing to discuss opportunities with interested parties.

Support and Training

Financial Assistance Provided: Yes, by third party

Site Selection Assistance: Yes

Lease Negotiation Assistance: No

Co-operative Advertising: Yes


Support and Training Notes:

Financial Assistance Provided: We have up to 70% financing available through 3rd party lenders we work with nationally.

Site Selection Assistance: Yes, where applicable, but many states allow a home office

Lease Negotiation Assistance: No

Co-operative Advertising: Yes, when applicable

Training:

We have a comprehensive pre-training in-home correspondence program that covers setting up their business, setting up bank accounts, hiring caregivers, establishing insurance thru our national provider and completing software training. This requires about 3 weeks to complete and is accomplished before they arrive at our Corporate Office for training. Once at Corporate, the franchisee will spend 3 days of focused training on our “Pillars of Success” -Business Development, Caregiver Management, and Client Engagement.

Websites:

All franchisees are provided a full-featured local website at no cost to them. Corporate provides a domain name, hosting and the website that the franchisee is able to customize and edit as needed.

Software:

We utilize a state of the art Virtual Office Software system (SMARTcare) to manage clients, caregivers, billing, payroll and more. The system includes both Client and Caregiver Portals.

Resales

Resales Info:

No Resale Agreement in Place

“NOTE: KNOW THE STATE LAWS! Some states require you to be a licensed Business Broker to advertise and work with a candidate on a resale in that state. If you are not licensed in a state with these requirements, legal issues and fines may apply! If you plan to advertise, please get approval from the franchise partner and check the licensing requirements to ensure you are compliant. “

Below is a link that gives a summary of states that require a license. BUT this can change at any time so always verify prior to advertising.

https://businessbrokeragepress.com/industry-resources/state-licensing/

Resales Downloads

Bonus

Has Bonuses:No



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