- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$52K - $149K
- Unit data is unavailable
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N/A
Company Overview
About Elder-Well Adult Day Program
Industry | Personal-Care Businesses |
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Related Categories | Senior Care |
Founded | 2019 |
Parent Company | Spend the Day Franchising Inc. |
Leadership | Kara Harvey, Founder and CEO |
Corporate Address |
945 Concord St., #213 Framingham, MA 01701 |
Social | Facebook, Twitter |
Business Overview
Franchising Since | 2019 (5 years) |
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# of employees at HQ | 5 |
Where seeking |
This company is offering new franchises in the following US states: |
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Information for Franchisees
Here's what you need to know if you're interested in opening a Elder-Well Adult Day Program 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
|
$37,000 - $42,500 |
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Initial Investment
|
$51,800 - $149,200 |
Net Worth Requirement
|
$150,000 |
Cash Requirement
|
$45,000 |
Veteran Incentives
|
10% off franchise fee |
Royalty Fee
|
8-6% |
Ad Royalty Fee
|
1% |
Term of Agreement
|
5 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 | Elder-Well Adult Day Program has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory |
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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 | as needed |
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Classroom Training | 30 hours |
Ongoing Support |
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Franchisee Intranet Platform
|
Marketing Support |
Ad Templates
National Media
Social Media
SEO
Website Development
Email Marketing
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | No |
---|---|
Can this franchise be run from home/mobile unit?
|
No |
Can this franchise be run part time?
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No |
Are exclusive territories available?
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No |
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