Always Best Care Senior Services
Always Best Care Senior Services offers non-medical in-home personal care, skilled nursing services, and senior living referrals under a unified brand. Known for comprehensive home care solutions, it operates in the senior care services industry.
Always Best Care Senior Services franchise FAQ
How much does it cost to open one — the total initial investment?
The total initial investment necessary to begin operation of an Always Best Care Senior Services franchise is estimated between $89,725 and $145,900 [p.1]. This range includes the costs for acquiring licenses, permits, and other requirements as well as the initial franchise fee [p.23, p.25].
What is the initial franchise fee?
The initial franchise fee is typically paid at or near the beginning of the franchise term [p.219]. However, the exact amount is not specified in these excerpts.
What are the ongoing royalty and advertising fees?
The ongoing royalties and advertising fees are based on the franchisee's sales. Specifically, variable consideration includes revenue related to royalties and advertising fees, recognized based on actual amounts incurred each month [p.220]. The exact minimum monthly royalty amounts depend on achieving a certain level of Gross Sales each calendar month, as detailed in Item 6 of the Disclosure Document [p.38].
How long is the initial franchise agreement, and can I renew it?
The initial term of the franchise agreement is typically 10 years, with an option to renew for a fee or transfer the franchise agreement to a new or existing franchisee at that point [p.218].
Can I sell or transfer my franchise, and what does that require?
Yes, you can transfer your franchise, but it requires the franchisor's approval except for good cause. The transfer typically incurs a fee, and the revenue from the transferred franchise is amortized over 120 months from the signing date of the transfer. [p.219]
On what grounds can the franchisor terminate the agreement?
The franchisor may terminate the agreement on any grounds available by law [p.71], and specifically, for good cause such as the franchisee's failure to comply with lawful provisions of the franchise agreement after being given a reasonable opportunity to cure [p.5]. Additionally, under Minnesota Franchise Law, immediate termination can occur if there is voluntary abandonment of the franchise relationship, conviction of an offense related to the business conducted according to the Franchise Agreement, or failure to cure a default that materially impairs the franchisor's goodwill [p.179].
What financial requirements — net worth and liquid capital — do I need to qualify?
Based on the provided excerpts, if the franchisor's most recent financial statements are unaudited and show a net worth of less than $100,000, you have the right to request an escrow arrangement [p.6]. However, specific liquid capital requirements are not detailed in these excerpts; generally, additional working capital may be needed for state-imposed requirements, but this can vary significantly by state [p.25].
Do I get an exclusive or protected territory?
No, you do not receive an exclusive territory. You will face competition from other franchisees, outlets owned by the company, or other competitive brands within your 'Assigned Area.' The boundaries of your Assigned Area will remain unchanged regardless of population changes, and typically cover at least 20,000 people aged 65+ years old as determined by the latest U.S. Census data [p.37].
What training and ongoing support does the franchisor provide?
The franchisor provides initial training which includes 3 weeks of training modules, 1 week of classroom training at their headquarters in Rocklin, California, or another designated location, followed by 2 weeks of onsite activities. This training is provided free of charge for you and one additional management-level employee but requires payment for travel, lodging, meals, and applicable wages. Ongoing support may also be provided by personnel at the franchisor's headquarters, including Jake Brown who oversees the training programs. [p.34, p.36]
How many franchised outlets are there, and how many have closed or been terminated?
This isn't specified in the excerpts.
Does the franchisor share any financial performance or earnings information?
The franchisor may share composite information with other franchisees and use information from a franchisee’s computer systems to prepare financial performance representations. However, the franchisor is not permitted to make financial performance representations except as contained in the Disclosure Document, and it does not authorize its employees or representatives to make such representations either orally or in writing [p.51].
What am I restricted to selling, and where must I buy supplies?
You are not restricted as to the customers whom you may solicit or service, except as described in Item 12 [p.43]. However, you may have to buy or lease items from the franchisor or a limited group of suppliers designated by them, which might be more expensive than similar items you could buy on your own [p.3] and [p.26].