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Elder care is one of the most in-demand industries in the United States today – and Amada Senior Care is one of the top names in the business.
For years, the Amada Senior Care franchise has helped seniors live life to the fullest thanks in large part to their dedicated, compassionate caregivers. But is the company a good deal for entrepreneurs? We take a look at just that, examining its history, advantages for franchisees, FDD info, and more.
Let’s find out more about the Amada Senior Care franchise below!
The Amada Senior Care Story
Originally known as Amada Home Care, the Amada Senior Care franchise was established in 2007 by college friends Chad Fotheringham and Tafa Jefferson, who met while playing football and studying business at the University of the Pacific.
In 2008, Fotheringham and Jefferson became founding members of the American Board of Home Care, a non-profit organization dedicated to establishing standards in elder care and educating professionals in the industry.
Amada Senior Care started franchising in 2012 and soon started to grow rapidly. Today, the company is well-known and respected in the booming elder care industry and offers a wide variety of services, including in-home non-medical care, insurance advice, memory and specialized care, assisted living services, and more.
Why Do Entrepreneurs Franchise with Amada Senior Care?
1. Large Franchise Territories
Most in-home care industry companies offer territories of under 300,000 people to start off. The Amada Senior Care franchise, however, offers territories of up to 400,000 or larger, giving franchisees access to a much larger customer pool and the potential for higher revenue.
2. Market Leader in a Fast-Growing Industry
Amada Senior Care is a respected market leader in the rapidly-growing elder care market in the U.S., making it a great option for entrepreneurs looking for an established partner with a wide reach throughout the country.
3. Multiple Streams of Revenue
Amada Senior Care franchisees also benefit from multiple sources of revenue, including in-home care, assisted living care, and insurance expertise, giving them numerous ways to earn a living.
4. High Revenue Potential
The franchise also has a very high revenue potential, making it an attractive option for entrepreneurs looking to maximize their potential for profit.
5. Strong Brand Name Recognition
Amada Senior Care has been around since 2007 and, since then, has become known as a well-known and respected name in the growing elder care market in the United States.
Initial Franchise Fee: $42,000 – $48,000
The initial franchise fee for Amada Senior Care varies from $42,000 for a designated territory with a population between 200,000 and 300,000 and $48,000 for a designated territory with a population between 300,001 to 400,000.
For every additional 1,000 people in a designated territory, the initial franchise fee increases by $300.
Monthly Royalty Fee: 5%
The royalty fee for the Amada Senior Care franchise is 5% and is usually payable on the 7th day of each month.
Estimated Initial Investment Cost: $82,150 – $240,600
|Name of Fee||Low||High|
|Initial Franchise Fee||$42,000||$48,000|
|Lease or Rent||$1,500||$4,000|
|Furniture, Office Equipment & Supplies||$1,500||$3,500|
|Grand Opening Advertising||$1,500||$1,500|
|Marketing and Business Development||$4,000||$7,000|
|Insurance, excluding workers’ compensation||$750||$1,500|
|Workers’ compensation insurance||$500||$2,000|
|Legal and Accounting Fees||$900||$5,000|
|Licenses and Permits||$1,500||$12,000|
|Loan Packaging Fee||$0||$4,000|
|Wages and Compensation||$0||$65,000|
|Additional Funds – 3 Months||$25,000||$72,000|
|Total Estimated Cost||$82,150||$240,600|
Average Revenue Per Location: $168,206 – $6,274,246
Per the 2020 FDD for the Amada Senior Care franchise, average revenue per location varies from approximately $168,206 to $6,274,246. It’s important to remember that these are only averages based on historical data, not in any way a projection of what prospective franchisees may earn in revenue.
Break into the Booming Elder Care Market with Amada Senior Care!
If you’re looking to break into the thriving elder care market in the U.S. as an entrepreneur, franchising with Amada Senior Care might just be the way to go. It’s high revenue potential and position as a respected market leader in a fast-growing industry makes it a great choice for anyone interested in a role where they can make a difference in peoples’ lives while also being their own boss!