Part-time Employee
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As Incurred

Options for Senior America

Table of Content
1. Franchise Snapshot
2. Franchise Overview
3. Performance and Metrics
4. Our Take
5. Additional Resources

1. Franchise Snapshot

Franchise Status
Active
Basic Information
Industry
Healthcare
Category
Home & Senior Care
Investment Range
$85,800 - $110,400
Total US Locations
25
Franchise Units
18
Founding Year
1990
Started Offering Franchises
2005
Management Capacity
Owner Operator
Job Count
5
Prior E2 Investors?
Yes
Prior Visa Franchise Clients?
Yes
Royalty Fee
5%
Marketing Fee
1.5%
Franchise Fee
$47,500
Headquarters (City, State)
Gaithersburg, MD
Square Footage
N/A
Retail Location?
No
Agreement Term Length
10 years
Video

In these videos you will learn about the company firsthand. And they will also tell you in a short form about the financing of the enterprise.

*Information presented in these videos may change over time and may not reflect the most current franchise offering. Prospective franchisees should review the latest Franchise Disclosure Document (FDD) and consult directly with the franchisor for updated information.

2. Franchise Overview

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Overview

Options for Senior America is dedicated to helping senior adults cope with the expediencies of daily life. They do that in the comfort and safety of their care recipient's homes. They provide distant or busy families with a break from daily care giving responsibilities, and reassure them that their loved ones are attended to by the team that has the most experience and the widest resources. Their mission is to provide respect, compassion and empowerment to seniors by supporting their dignity, encouraging their independence and appreciating their uniqueness as they remain in the comfort of their own home.

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Management team / founders

From its beginning in 1989, Options for Senior America was destined to become the leading home care agency on the East Coast. That is because Options never lost sight of what its clients wanted. They have the highest possible standards in screening their caregivers, they maintain substantial rosters of caregivers, highly experienced, friendly and courteous office staff and they respond to emergencies quickly, day or night with Options’ “Instant” Response. The result has been a uniquely qualified organization with unmatched human resources and neighborhood offices covering hundreds of communities across the Eastern United States.

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Focus of owner for daily business operations

As a Options for Senior America operator, the main facets of the business entail: 1. Establishing and building upon relationships with referral networks within the community; 2. Recruiting and hiring of competent homecare workers; 3. Supervising and ensuring homecare workers are trained.

3. Performance & Metrics

Franchisor Fees | Item 6
Franchise Value
Industry Median
All Franchises Median
Royalty Fee
5%
6%
6%
Marketing Fee
1.5%
1.5%
2%
Franchise Fee
$47,500
Total Investment Cost | Item 7
Type of Expenditure
Low Amount
High Amount
When due
Initial Franchise Fee
$47,500
When Signing Agreement
Travel for Training for one representative
$1,200
$2,500
As Incurred
Six Months’ Rent
$3,600
$4,800
Monthly
Rent Security Deposit
$600
$800
When Signing Lease
Office Equipment, Hardware & Software
$2,000
$3,000
Before Opening
Office Furniture
$1,500
$3,000
Before Opening
Homecare License
$0
$2,000
As Incurred
Insurance - Liability, Bond, Workers Compensation, Auto, Property
$2,500
$4,000
As Incurred
Office Supplies
$1,000
$1,800
As Incurred
Marketing & Advertising
$6,000
$12,000
As Incurred
Part-time Employee
$8,400
$10,000
As Incurred
Miscellaneous Start-up Costs(
$2,500
$4,000
As Incurred
Additional Funds for the First 6 Months
$9,000
$15,000
As Incurred
Total Estimate
$85,800
$110,400
Outlets and Franchisee Information | Item 20
Outlet type
Year
Outlets at the start of the year
Outlets at the end of the year
Net change
N/A
2022
11
13
+2
Franchised
2023
13
11
-2
N/A
2024
11
18
+7
N/A
2022
6
7
+1
Company-Owned
2023
7
7
0
N/A
2024
7
7
0
N/A
2022
17
20
+3
Total Outlets
2023
20
18
-2
N/A
2024
18
25
+7
Net Unit Growth (Recent year)
Net Unit Growth (Recent 3 years)
Franchise Health Metrics
Growth Rate
1 year / 3 years
Failure Rate
1 year / 3 years
Franchise for Sale Rate
1 year / 3 years
Options for Senior America
Industry median
Franchise Health Metrics
Franchise Historical Loan Metrics
10 Year Cumulative Charge Offs by $ of Loans
10 Year Cumulative Defaults
3 Year Predicted Default Rate
*Please note the information provided here is sourced from Lumos. We do not guarantee its accuracy or completeness. For verification, please refer to Lumos directly.
Item 19 – Financial Performance Representations
Historical financial performance representations
Franchise Financials
Franchisor company financial information, if disclosed by the franchisor.
Litigation & Bankruptcies
% of Franchisees Undergoing Litigation
0
% of Franchisees with Completed Litigation
0
Number of Bankruptcies Disclosed
0
*The litigation information displayed has been reviewed by our Product Development team. Franchises featured on this platform have been thoroughly assessed. However, Visa Franchise strongly recommends consulting with your own legal counsel for further guidance.

4. Our Take

As an Options For Senior America franchise owner, you will not only be joining one of the fastest growing industries at present but will also be contributing to your community in a positive manner to enhance the lifestyle of others. Providing care for others is a feel-good profession. Their franchise owners as well as their staff are proud of what they do.