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Call us at 301.562.1100 Request Franchise Info|
Options Franchising Co. |
Compare Options to Others |
|
| Population of Standard Territory |
Up to 400,000 |
Compare size of population with cost of franchise. |
| Guaranteed senior population in territory |
30,000 – 35,000 |
Compare size of senior population with cost of franchise. |
Cost of Franchise |
$47,500 |
Given that Options standard territory size is 30,000 to 35,000 in senior population which is covered by the $47,500 franchise fee, most other franchisors charge a premium over and above their standard size territory, which is typically less than 35,000. Check for additional charges for territories with larger population. Ask for a territory of 30,000-35,000 seniors to be able to properly compare fees. |
| Royalty fees |
4.75% |
|
| 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 |
If based on issued but non-paid invoices, calculate additional fee you will be paying on A/Rs and bad debts. |
| 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? |
$1,500/month |
To assist you with your start-up, ongoing fees (revenue royalty, marketing royalty, and technology fee) are waived for the first two months from the date of completing the 5-day Initial Training. Alternatively the franchisee may choose to be charged royalties for these first two months and receive $3,000 in cash ($1,500/month for these first two months) from the franchisor. |
| Technology Fee |
$475/month |
Check if this fee escalates after year one. Options fee does not escalate throughout the life of the contract. |
| Face-to-Face Training |
1 week |
|
Total Initial investment |
$85,800 – $110,400 |
Unlike most other franchisors that show an initial investment covering the first 3 months of operation, our initial investment figures cover the first 6 months of operation. As you weigh your options, confirm the duration of time other franchisors use for their initial investment figures. |
| 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 corporately-owned outlets |
4 |
A good measure to verify if franchisor truly appreciates the challenges of the franchise owner. |
