Griswold Home Care
Griswold Home Care franchises offer personal care, homemaking, and companion services to older adults and those with disabilities. Known for carefully vetted caregivers, this home care franchise operates in the senior care and disability support services industry.
About Griswold Home Care
Griswold Home Care is a Pennsylvania-based home care company.
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Griswold Home Care franchise FAQ
How much does it cost to open one — the total initial investment?
The total initial investment necessary to begin operation of a Griswold franchised business ranges from $99,600 to $185,600, according to [p.1].
What is the initial franchise fee?
The initial franchise fee varies based on the territory size. For a single territory with a population of 250,000 individuals or more (or 25,000 senior citizens), the fee is $49,500. If you want to increase the population up to 300,000 in your territory, an additional $5,000 is required [p.16]. For purchasing a second territory, the initial franchise fee is discounted by 15% from the current rate [p.72] and [p.16]. This isn't specified in the excerpts for other scenarios or discounts.
What are the ongoing royalty and advertising fees?
The ongoing royalty is based on a weekly payment that is the greater of four percent (4%) of Franchisee's Gross Receipts or $100 per week. This can vary depending on the specific terms outlined in sections [p.123], [p.132], and [p.73] of the FDD. Advertising fees are expensed as incurred, with amounts ranging from $30,984 to $35,761 annually according to the financials provided in [p.235].
How long is the initial franchise agreement, and can I renew it?
The term of the initial franchise agreement is not explicitly stated in the provided excerpts. However, the franchisee has the right to request a 5-year renewal term by executing Franchisor's current form of franchise agreement as amended by the terms and conditions of an addendum, if they have executed a franchise agreement with the franchisor prior to January 1, 2018 [p.131]. For franchises established on or after this date, the process for renewal may differ.
Can I sell or transfer my franchise, and what does that require?
The ability to sell or transfer your franchise is subject to the franchisor's approval, which may include paying a transfer fee. Additionally, if you are in Washington, consent to the transfer of the franchise cannot be unreasonably withheld according to Minnesota law [p.179]. This isn't specified in the excerpts for other states.
On what grounds can the franchisor terminate the agreement?
The franchisor can terminate the franchise agreement if you voluntarily or involuntarily file for bankruptcy [p.175]. Additionally, termination grounds may include the franchisor's reasonable business judgment based on its discretion [p.187], though this may be limited by RCW 19.100.180(1) requiring good faith dealings between parties.
What financial requirements — net worth and liquid capital — do I need to qualify?
This isn't specified in the excerpts. The provided FDD focuses more on how funds are categorized (cash, cash equivalents, restricted cash) and working capital estimates rather than specific net worth or liquid capital requirements for franchisees.
Do I get an exclusive or protected territory?
No, you do not receive an exclusive territory. According to [p.35], you have a protected territory within which you can provide services, but GHC reserves the right to operate other offices and develop new businesses that may compete with your franchise under different trademarks. Additionally, GHC can reassign Care Recipients if the Unassigned Territory becomes part of another franchisee's territory.
What training and ongoing support does the franchisor provide?
The franchisor provides initial training through HomeCare Academy® (HCA), which includes up to 10 days of on-site or virtual training at their corporate headquarters. This is typically scheduled within 60-90 days post-signing of the Franchise Agreement and consists of both pre-HCA self-guided e-learning and HCA instructor-led training. Post-HCA, ongoing support and additional training are provided as needed based on the franchisee's requirements. [p.33] Additionally, the franchisor offers training every other month and on an as-needed basis to help franchisees explore or transition to a new business model if necessary. [p.71]
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 can provide financial performance information if there is a reasonable basis for it and if it is included in the Disclosure Document [p.45]. However, the franchisor does not make any representations about future financial performance of franchises or company-owned outlets, nor do they authorize their employees to make such statements [p.50].
What am I restricted to selling, and where must I buy supplies?
You are required to offer and sell only the services authorized by the franchisor, which include personal care, homemaking, companion care, incidental transportation, and other ancillary, supportive services. You may not offer or provide products or services that GHC has not previously approved in writing, and these must meet their standards and specifications [p.40]. Additionally, 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 other options [p.3].