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

Why this franchise?
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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?
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Prior Visa Franchise Clients?
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Royalty Fee
5%
Marketing Fee
2%
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.

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
Franchise Fee
$47,500
Total Investment Cost | Item 7
Type of Expenditure
Low Amount
High Amount
When due
Initial Franchise Fee
$7,348
$6,748
When Signing Agreement
Travel for Training for one representative
$7,348
$6,748
As Incurred
Six Months’ Rent
$7,348
$6,748
Monthly
Six Months’ Rent
$7,348
$6,748
When Signing Lease
Office Equipment, Hardware & Software
$7,348
$6,748
Before Opening
Office Furniture
$7,348
$6,748
Before Opening
Homecare License
$7,348
$6,748
As Incurred
Insurance - Liability, Bond, Workers Compensation, Auto, Property
$7,348
$6,748
As Incurred
Office Supplies
$7,348
$7,348
As Incurred
Marketing & Advertising
$7,348
$6,748
As Incurred
Miscellaneous Start-up Costs(
$7,348
$6,748
As Incurred
Additional Funds for the First 6 Months
$7,348
$6,748
As Incurred
Total Estimate
$7,348
$6,748
$7,348
$6,748
$7,348
$6,748
$7,348
$6,748
$7,348
$6,748
$7,348
$6,748
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
2022
+2
11
13
Franchised
2023
13
13
+7
2024
13
18
+7
2022
7
7
+7
Company-Owned
2023
7
7
0
2024
7
7
0
2022
17
20
+3
2023
20
18
-2
2024
18
25
+7
Total Outlets
-
-
-
-
-
-
-
-
Net Unit Growth (Recent year)
Net Unit Growth (Recent year)
Franchise Health Metrics
Franchise Value
Growth Rate
1 year / 3 years
Failure Rate
1 year / 3 years
Franchise for Sale Rate
1 year / 3 years
0
0
0
0
0
0
0
0
Franchise Health Metrics
Franchise Historical Loan Metrics
10 Year Cumulative Charge Offs by $ of Loans
N/A
10 Year Cumulative Defaults
N/A
3 Year Predicted Default Rate
N/A
*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
Historical financial performance representations
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

*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.