Griswold Home Care
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Experience the benefits of business ownership for you and your family while making a difference in your community.
Griswold Home Care is dedicated to providing “Extraordinary Home Care at Affordable Rates”. We refer Caregivers for older adults, people recovering from illness or surgery, and people with long-term disabilities. Caregiver services include personal care, homemaking, companionship, incidental transportation and other services to Clients wishing to remain safe and independent. Griswold Home Care strives to achieve this balance of superior quality and affordability, and the company is recognized as the world’s oldest, non-medical home care company.
Our winning business model cuts overhead costs, allowing franchisees to:
1. Keep rates low to attract more clients.
2. Insure highest industry wages to attract the best caregivers.
| |
Operating Units |
12/31/2008 |
12/31/2009 |
12/31/2010 |
|---|
| | Franchised |
87 |
102 |
114 |
| | % Change | -- |
17.2% |
11.8% |
| | Company-Owned |
14 |
9 |
11 |
| | % Change | -- |
-35.7% |
22.2% |
| | Total |
101 |
111 |
125 |
| | % Change | -- |
9.9% |
12.6% |
| | Franchised as % of Total |
86.1% |
91.9% |
91.2% |
Investment Required
The fee for a Griswold Home Care franchise is $39,500, and larger territories can be purchased for a higher fee.
Griswold Home Care provides the following range of investments required to open your initial franchise. The range assumes that all items are paid for in cash. To the extent that you choose to finance any of these expense items, your front-end investment could be substantially reduced.
| |
Item | Established Low Range | Established High Range |
| |
Initial Franchise Fee |
$39,500 |
$39,500 |
| |
Expenses While Training |
$1,000 |
$2,500 |
| |
Local Lift-Off Program |
$7,500 |
$7,500 |
| |
Office Lease |
$0.00 |
$5,000 |
| |
Office Equipment |
$2,000 |
$3,500 |
| |
accelacare Usage Fee |
$1,200 |
$1,200 |
| |
Signage |
$0.00 |
$1,000 |
| |
Opening Office Supplies and Inventory |
$0 |
$1,000 |
| |
Insurance |
$1,125 |
$1,800 |
| |
Printed Materials and Shipping |
$0.00 |
$300 |
| |
License, permit registration or certificate costs |
$0.00 |
$2,000 |
| |
Additional Funds (6 - 18 Months) |
$20,000 |
$30,000 |
| |
Total Initial Investment |
$72,325 |
$95,600 |
Ongoing Expenses
Griswold Home Care has the lowest royalty fees in the industry (effective range of 3.5%+/-) and
general marketing fund contributions of 0.5%.
What You Get—Training and Support
Griswold Home Care provides training that is unparallel in the industry: three weeks of pre-training preparation, seven full days at our Homecare Academy in suburban Philadelphia, PA, eight-week post training Quick-Start program, annual conference, regional conferences, ongoing webinars and workshops, and more. We operate company units, so we really understand the business.
Territory
Griswold Home Care has choice territories available nationwide, protected territory of up to 300,000 people, ability to increase to 400,000, and multi-unit opportunities.
Note: The tables and information regarding the number of operating units, investment required, on-going expenses, training and territory grants were taken from the company’s 2011 FDD. The 2011 write-ups will be incorporated into the 2012 Edition of Bond’s Top 100 Franchises publication.
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