160 likes | 293 Views
SUNBELT BUSINESS BROKERS- Are you ready to PRESENT something “ SPECIAL ”?. GRISWOLD HOME CARE. PIONEER OF THE INDUSTRY 1 ST Non Medical Home Care Franchise in the United States Founded: 1982 Founder: Jean Griswold Mission: “Extraordinary Care at Affordable Rates”.
E N D
SUNBELT BUSINESS BROKERS- Are you ready to PRESENT something “SPECIAL”?
GRISWOLD HOME CARE • PIONEER OF THE INDUSTRY • 1ST Non Medical Home Care Franchise in the United States • Founded: 1982 • Founder: Jean Griswold • Mission: “Extraordinary Care at Affordable Rates”
Our Concept – Since 1982 • Non-Medical Home Care: • Older adults • People with illnesses, disabilities, special needs • Services include: • Personal Care • Homemaking • Companionship • Transportation
What Makes Us Different • Three Decades of Experience • Operate 9 Corporate Owned Locations • Largest, Protected Territories • Lowest Royalty Fees (Effective Rate of 4.0%) • Net Earnings In Our Item 19 • Unique Winning Business Model
Unique Winning Business Model Caregivers are paid by our Clients! • 3 Benefits of our Operating Model: • Generate higher gross profit margins (no wage related expenses for Caregivers), while reducing working capital requirements (never have to carry Caregiver payroll). 2. Attracts the most qualified Caregivers- • Higher wages • Choice in assignments • Quality of Life – consistent schedules 3. Keeps rates lower to generate the most Clients
The Ideal Candidate. . . • Want to make a difference in community, • give back to others • Leadership Profile & Skill Sets • Outbound Relationship Building Skills • Active ownership (not a passive investment) • Financial Viability
A Day in the Life • Community outreach • Recruiting caregivers • Meeting your clients • Coordinating care • Reporting and tracking
Territory • Demographic Indicators • Protected areas • Largest territories- • Standard: up to 300,000 people • Can increase up to 400,000 • Ability to purchase up to 3 territories initially
Investment Parameters • Total Investment: • $41,900 (Franchise Fee- standard territory size up to 300K) • (+) $12,500 (Lift-off Program) • (+) $1,200 (Technology) • (+)$4,125 - $17,100 (Miscellaneous) • (+) $25,000 - $35,000 (Working Capital) • (=) $84,725 to $107,700 (home based vs. office) * Includes all start up investment, franchise fee, and working capital • Total Net Worth: $275,000 (Liquid Cash 75K) • Vet-Fran discount: $2,500 • Multi-unit discount 15%
Six Easy Steps Step 1: Getting to know you Step 2: Overview of our key differentiators, training and support systems Step 3: FDD Review Step 4: Phone Interview with a Executive Team Member Step 5:Franchisee Validation Step 6: Discovery Day at Headquarters in Philadelphia
From Sign-up to Start-up • 6-Step process • Pre – training • State licensure • Home Care Academy . . . 6-10 weeks . . . 4 weeks . . . 0 to 90 Days . . . 10 days Average time to open doors = 4 months
Financial Performance Our FDD: • Line item 3: No litigation! • Line item 19 includes: Gross Revenues for our franchisees + 12 month Profit and Loss statements for each of our 9 company operated territories • Line item 20: No terminations, 100% renewals rate
Our Franchise Development Team-“We are here to help” Tom Monaghan, President, CEO, 20+ years experience Mike Magid, VP- Franchise Development, 20+ years experience Greg Bast, Franchise Development Manager, 20+ years experience Patrick Spaan, Franchise Development Manager- 20+ years experience Joe Ross, Franchise Development Coordinator
2012 Final Results 78 Total Territories Sold Average 2 .1 Territories per person
COMMISSION INCREASE!!! • New Commission Plan For 2013 & beyond: • 1 Territory Deal = $27,500.00 (increased from $20,950.00 in 2012) • 2 Territory Deal @15K on the 2nd = $42,500.00 (increased from $36,663.00 in 2012) • 3 Territory Deal @ 15K on 2nd & 3rd = $57,500.00 (increased from $52,375.00 in 2012)