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How Much Does An ACASA Senior Care Franchise Cost?
As the population ages, the need for more senior homes rises to accommodate clients. One of the senior homes that provide opportunities for entrepreneurs is ACASA Senior Care. But how much does an ACASA Senior Care franchise cost?
In this article, learn more about the ACASA Senior Care franchise, and learn more about the costs you’ll incur if you decide to franchise one.
ACASA Senior Care Franchise
Daniel Wong and his wife, Inna, founded ACASA Senior Care. The founders decided to establish their own home care after researching for their parents. Plus, they believed other families might have had the same experience.
Their home care service became a franchise to grow its business further. It was also a way to help entrepreneurs get opportunities based on their tried-and-tested business model.
Even if they’re a new franchise chain, ACASA Senior Care expects to have more than 300 locations. So far, they have locations in California and Georgia. They will open senior care homes in Pennsylvania, Colorado, Florida, and Nevada.
Before we discuss the ACASA Senior Franchise cost, know what other requirements to fulfill before opening one.
Training
The franchisor requires a franchisee or a principal manager to undergo training. There are three training programs that franchisees need to complete.
The first is the FAST Start Pre-training. Franchisees will undergo around eight hours of training for this session. Then, the second program consists of webinars and conference calls. Finally, there’s the five-day onsite training session. It might be held in the headquarters or a different site approved by the franchisor.
As for other training programs, the franchisor might hold succeeding sessions. They might also require franchisees to attend.
The franchisor will also provide caregiver training. An internet-based training will be available for the caregivers, which the franchisee must set up. Not to mention, caregivers will undergo different training levels to pass it.
Territory and Obligations
The franchisor will approve the “Franchise Location.” It can be a home-based or small office in a specific address. As the franchisees progress with their term, and if they’re compliant, the franchisor may set an established “protected territory.” One of the essential requirements in keeping the protected territory will be attaining a minimum gross annual revenue. If met, another franchisee may not establish another ACASA Senior Care business in the area.
In the case of ACASA Senior Care, the protected area involves population, not the site’s length or radius. It will take into account 200,000 to 250,000 people in the area for it to have a protected territory. However, franchisees may extend their protected territory upon negotiation with the franchisor. Despite such, they’ll have no exclusive territory and may compete with other ACASA Senior Care businesses.
The franchisor doesn’t require the franchisee to manage its own ACASA Senior Care franchise directly. However, the franchisee must delegate a manager who will supervise and monitor daily activities. Plus, they should also complete the training program.
As for franchising terms, an initial period lasts 10 years. They may renew for a succeeding term, provided they completed the requirements needed. If so, the franchisor will grant the franchisee an additional 10-year term.
ACASA Senior Care Franchise Cost
The initial ACASA Senior Care Franchise Cost ranges from $71,195 to $119,150. This doesn’t include other fees that a franchisee might shell out while operating the franchise. If the initial cost and other fees may be too hefty a price, the franchisor can give financial assistance via third-party lenders.
You can check the tables below for the initial investment and other costs.
Your Investment
| Name of Fee | Low | High |
|---|---|---|
| Franchise Fee | $39,500 | $39,500 |
| Travel and Other Expenses While Training | $1,000 | $2,000 |
| Rent – 3 Months | $0 | $3,000 |
| Furniture and Fixtures | $500 | $1,000 |
| Signage | $0 | $1,000 |
| Office Equipment | $500 | $1,500 |
| Insurance – 6 Months Premium | $1,500 | $2,500 |
| Miscellaneous Opening Costs | $200 | $1,000 |
| Office Supplies | $0 | $500 |
| Marketing & Advertising – 3 Months | $1,500 | $3,000 |
| Computer Equipment, Software and Printer | $1,000 | $3,000 |
| Permits/Licenses | $125 | $7,500 |
| Professional Fees | $1,000 | $2,500 |
| Vehicle Lease Payments (3 months) | $0 | $1,000 |
| Technology-Software Fee (1 month) | $150 | $150 |
| Additional Funds – 3 Months | $25,000 | $50,000 |
| ESTIMATED TOTAL (for new unit) | $71,975 | $119,150 |
Other Costs
| Type of Fee | Amount |
|---|---|
| Royalty | 6% of gross revenue with a minimum of $400 per month – begins the second full calendar month of operation. |
| Brand Development Fee | 1% of gross revenue. |
| Local & Web-Based Advertising | $500 |
| Search Engine Optimization (SEO), Social Media and Blog Marketing | $295, plus one-time setup fee of $495. |
| Initial Training Program – Additional and New Employees | The then-current per person training fee, plus expenses. The current training fee is $1,000. |
| Additional On-Site Assistance | The then-current daily rate per trainer, plus expenses. There is a two-day minimum for this assistance. The current daily rate is $500. |
| Caregiver Training | For internet-based training, $250 set up fee; $99 per month for 10 users; and $3.80 per additional user per month. |
| Annual Conference | Up to $1,000 per person, plus expenses. |
| Transfer Fee | $5,000 if franchisees transfer the business to an existing franchisee. In all other cases, franchisees must pay a Transfer Fee of $10,000. |
| Renewal Fee | $10,000 |
| Inspection/Product and Supplier Evaluation | Up to $1,000. |
| Interest on Overdue Amounts | 1% per month or the highest legal rate, whichever is less. |
| Audit | Cost of the audit, including expenses (estimated to be between $1,000 and $5,000). |
| Insurance Policies | Amount of unpaid premiums. |
| Cost of Enforcement or Defense | All costs including attorneys’ fees. |
| Indemnification | All costs including attorneys’ fees; will vary under circumstances. |
| Optional Computer Maintenance | $75 to $150 |
| Technology-Software Fee | $150 |
| SMARTcare Software | Minimum of $100 per month or $10 per client per month, whichever is higher, plus a one-time set-up fee of $250. |
Did You Know?
- You don’t need prior experience in senior home care to establish an ACASA Senior Care Franchise. But, they’re looking for entrepreneurs looking to open their own business and a passion for success.
- ACASA means “at-home.” It’s the type of experience they want to provide the seniors under their care. Some of the services they provide for seniors and veterans are personal care, housekeeping, and medication reminders. They also provide meal preparation and transportation.
- Franchisees can have one or multiple units at a time. For those seeking multi-units will get discounts on the franchise fee. For those who have a senior care business that would like to convert into an ACASA Senior Care, one has the option to do it. They’ll waive the franchise fee for that instance. Veterans are also welcome to franchise an ACASA Senior Care franchise.
- Are you interested? You can start an ACASA Senior Care Franchise by submitting an application on their website. You can access it here. Once you submit an application, a representative will contact you regarding your interest. After this, you’ll discuss the market and business, and then they’ll conduct a phone interview. They’ll assess compatibility, decision, approval, and training if everything checks out.
- The franchisor ensures that the caregivers hired are those with experience handling senior care and conditions like Parkinson’s Disease, COPD, and hypertension. Plus, the caregivers should also submit requirements like licenses and health background checks. This will guarantee professionalism and the availability to perform their duties in any ACASA Senior Care business.