What Does it Cost to Own a Prime Senior Placement Franchise?
If you’re interested in owning a senior placement franchise that exists to serve our communities while providing our franchise owners an opportunity for financial success and long-term growth, Prime Senior Placement could be right for you.
A senior care franchise with low startup costs and a no-employee-required business model, Prime Senior Placement provides franchise owners with the opportunity to generate revenue fast and be profitable within 6 months.
FREE INDUSTRY OUTLOOK:
The Amazing Potential of the Senior Care Placement Industry
Investment and Revenue Potential
Total Investment:
$48,200 to $83,500
Franchise Fee:
$30,000
Placements:
* Typically yield $3,000 – $5,000 per client placement. Expected placements per month range from 2 to 10.
*Refer to our FDD Item 19 for specifics on revenue projections.
Here’s our FDD Item 7 detailing the specific startup costs of our franchise offering:
An opportunity for financial investment and community care
With baby boomers (age 57-75 years old) representing just over 20% of the U.S. population, the independent and assisted living industry is expected to accommodate nearly a million new residents in the next two decades.
The number of seniors over 65 is predicted to grow by 42%.
The number of seniors over 85 is predicted to grow by 111%.
An estimated 986,000 new assisted living units will be necessary.
The opportunity to serve this aging portion of our population is great and investors seeking a low-cost business investment have found the senior care industry to be a fabulous opportunity.
If you’re looking for an investment in a market with the potential for rewarding returns that doesn’t require a large outlay of capital, Prime Senior Placement franchise may be right for you.
Detailed franchise start-up costs
Here’s the Prime Senior Placement FDD Item 7 detailing the specific startup costs of our franchise offering:
| Type of Expenditure | Estimated Amount Low High |
Method of Payment | When Due | To Whom Payment is to Be Made |
|
| Initial Franchise Fee (1) | $30,000 | $30,000 | Lump Sum | Upon Agreement | Us |
| Franchise Location – Rent/Security Deposit (2) | $1,000 | $3,000 | As Arranged | As Incurred | Landlord |
| Leasehold Improvement (3) | $0 | $1,000 | Lump Sum | As Incurred | Service Providers |
| Supplies | $500 | $1,500 | On Arranged Terms | As Incurred | Supplier |
| Signage (4) | $0 | $2,000 | Lump Sum or On Arranged Terms | As Incurred | Supplier |
| Utility Deposits, Licenses, Permits | $400 | $2,000 | Lump Sum or On Arranged Terms | As Incurred | Suppliers |
| Professional Fees (5) | $500 | $2,000 | As Arranged | As Arranged | Approved Suppliers |
| Computer Hardware and Software | $2,000 | $3,000 | Lump Sum or On Arranged Terms | As Incurred | Suppliers |
| Travel and Living Expenses while Training | $1,500 | $4,000 | As Arranged | As Arranged | Employees/Suppliers |
| Insurance (6) | $2,000 | $4,000 | As Arranged | As Arranged | Insurance Carrier |
| Additional Funds – Initial 3 Months (7) | $10,000 | $30,000 | Lump Sum or On Arranged Terms | As Incurred | Suppliers |
| State Fees (8) | $300 | $1,000 | Lump Sum | As Incurred | State Authority |
| Total Estimated Initial Investment (9) | $48,200 | $83,500 | |||
Why invest in a Prime Senior Placement franchise?
Prime Senior Placement is a company that helps seniors locate the retirement community that best suits their individual needs.
We guide our clients through the often complex process of finding the right fit for both your family’s budget and care needs. Whether they are seeking a community for Independent Living, Assisted Living, or Memory Care, we help our clients find the right place.
Ready to open a Prime Senior Placement franchise?
Here’s what you can expect when you begin our step-by-step process.
Introduction Call (5-10 minutes)
We’ll answer initial questions about our senior placement/referral franchise and talk about qualifications.
Exploratory Call (1 hour)
We’ll get to know each other further and share details on how we help you to succeed.
Complete Profile (10 minutes)
Once completed we will:
· Send you the FDD
· Introduce you to lending contacts if required
Schedule FDD review (30-45 minutes)
Discovery
Day
Visit our home office and meet with Prime Senior Placement CEO, Joe Soles.
UFAQ/ Franchise
Agreements
Upon mutual agreement, we will send you your Franchise Agreement.
YOU are a Franchisee of Prime Senior Placement.
Plug into our brand, and aggressively start the onboarding and training process.
STEP 1
Introduction Call
(5-10 minutes)
We’ll answer initial questions about our senior placement/referral franchise and talk about qualifications.
STEP 2
Exploratory Call
(1 hour)
We’ll get to know each other further and share details on how we help you to succeed.
STEP 3
Complete Candidate Profile
(10 minutes)
Once completed we will:
· Send you the FDD
· Introduce you to lending contacts if required
STEP 4
Schedule FDD review
(30-45 minutes)
Speak with President of Franchising to ask questions on FDD, Real Estate, Territories, etc.
STEP 5
Discovery Day
Visit our home office and meet with Prime Senior Placement CEO, Joe Soles.
STEP 6
UFAQ/ Franchise Agreements
Upon mutual agreement, we will send you your Franchise Agreement.
STEP 7
YOU are a Franchisee of Prime Senior Placement.
Plug into our brand, and aggressively start the onboarding and training process.
FREE INDUSTRY OUTLOOK:
Learn about the senior care placement and referral industry, our flexible business model and how we provided our services at no cost to the families we serve.