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Options Franchising Co.

Notes

Size of Territory population

Up to 400,000

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Number of seniors in territory

25,000 – 45,000

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Cost of Franchise

$36,000

Given that Options standard territory size can approach 400,000 in population which is covered by the $36,000 franchise fee, most other franchisors charge a premium over and above their standard size territory, which is typically much less than 400,000. Check for additional charges for territories with larger population. Ask for a territory of 350,000-400,000 to be able to properly compare fees.
Royalty fees

5% – 3%

Check at what bracket the royalty fee starts decreasing.
Frequency of royalty debits

Monthly

If bi-weekly, calculate the additional royalty fee you will pay in comparison with monthly debits.
Revenue based on

Paid Invoices

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Marketing fees

0.5%

Frequency of Marketing debits

Monthly

If bi-weekly, calculate the additional royalty fee you will pay in comparison with monthly debits.
Do you provide any incentives for new franchises?

Yes

Not all franchisors do.
If yes, what are these incentives?

$1,000/month

We will provide you with $1,000/month for the first 3 months of your operation to assist you with your start-up.
Fee for software use

$275/month

Check if this fee escalates after year one.
Cloud Computing

$99/month

Face-to-Face Training

1 week

Total Initial investment

$55,200 – $85,700

Date business started

1989

Verify that this date is the actual date when this franchisor, in its present form, started the home care business.
Number of wholly-owned outlets

12

A good measure to verify if franchisor truly appreciates the challenges of the franchise owner.