Oasis Senior Advisors Franchise
Audited FinancialsRisk Score
Pending analysis
Investment Range
$67,189 - $111,989
Franchise Fee
$36,000
Total US Locations
128
Business Summary
Oasis Senior Advisors businesses offer senior living placement, referral, and advisory services. They assist families in finding appropriate living facilities such as independent living, assisted living, memory care, or nursing homes for senior citizens. Oasis Senior Advisors conduct individual pre-engagement evaluations and assessments to understand clients' medical, financial, geographical, and lifestyle needs. They use a proprietary software system called Oasis IQ to provide clients with a list of suitable community options. These services are provided at no charge to clients; instead, Oasis Senior Advisors generate revenue from fees paid by communities when a referred client moves in. Franchisees are responsible for building relationships with local communities and lead sources like healthcare providers and financial planners. Oasis Senior Advisors franchisees must also adhere to HIPAA regulations due to handling protected health information.
Corporate History
Oasis Senior Advisors Franchise Systems, LLC, the current franchisor, was organized in Florida on April 21, 2016. This entity was formed through a merger with its predecessor, also named Oasis Senior Advisors Franchise Systems, LLC, a Maryland limited liability company, which had begun offering franchises for senior living placement services in February 2014. The current Florida entity was the surviving company in that merger. On December 15, 2022, Silver Buyer LLC purchased all membership interests in Oasis Senior Advisors Franchise Systems, LLC from Ideal Strategy, LLC, making Silver Buyer LLC its immediate parent.
Financial Overview
Investment Range
$67,189 - $111,989
Franchise Fee (Low)
$36,000
Franchise Fee (High)
$80,000
Royalty %
10%
Marketing %
2%
Equipment Costs (Low)
$1,500
Equipment Costs (High)
$2,000
Working Capital
$7,600
Audited Financials
Yes
Offers Financing
No
Audit Opinion
Unqualified opinion
Financial Health Notes
The disclosure document for Oasis Senior Advisors Franchise Systems, LLC highlights that the franchisor's financial condition, as reflected in its financial statements, calls into question its financial ability to provide services and support to its franchisees. The company has reported net losses of $7,471,870 in 2023 and $4,808,898 in 2022. While the company maintains positive working capital, with current assets exceeding current liabilities, it also has a significant long-term liability of over $18 million owed to its Parent Company.
Financing Details
Oasis Senior Advisors Franchise Systems, LLC does not offer direct or indirect financing. However, its affiliate, Elderlife Financial Lending LLC, may provide loans to new franchisees' owners to finance all or a portion of the Initial Franchise Fee and Business Administration Set-Up Fee (BASF). These loans can range from $40,000 to $100,000, depending on the term, and are repaid over 36 to 60 months with interest rates between 12% and 13.5%. Borrowers are required to make a 20% down payment and pay a prepaid origination and support fee of 0.5% to 2%. There is no prepayment penalty. If a borrower owns a home, they must sign a Memorandum to Pay Lender, which allows Elderlife to record a financing statement for the proceeds from any future sale or refinance of the property. A default on this loan also constitutes a default on the Franchise Agreement.
Performance Metrics
Total US Locations
128
Franchised Units
108
Corporate Units
20
Avg Square Footage
300
Franchising Since
2014
Legal & Compliance Analysis
Recent Litigation
No
Bankruptcy
No
Litigation Summary
Oasis Senior Advisors has no litigation history to report. The disclosure document states that no litigation is required to be disclosed in Item 3.
Bankruptcy History
Oasis Senior Advisors has no bankruptcy history to report. The disclosure document states that no bankruptcy information is required to be disclosed in Item 4.
Agreement Terms
Initial Term
10 years
Renewal Term
10 years
Renewal Conditions
To renew their franchise agreement, Oasis Senior Advisors franchisees must notify the franchisor in writing between 180 and 270 days before the current agreement expires. They must be in good standing, meaning they have complied with all terms of the Franchise Agreement and any other agreements with the franchisor or its affiliates. Franchisees must also meet the franchisor's current training requirements, sign a general release of claims, and agree to the franchisor's then-current form of franchise agreement. This new agreement may include different terms and conditions, such as revised fee structures and territorial rights.
Training & Support Program
Franchisor Assistance
Oasis Senior Advisors Franchise Systems, LLC provides pre-opening assistance by designating the franchisee's territory and offering insights on establishing the business, including telephonic operations support and a Pre-Work Manual. It also trains the Principal Owner in the Initial Training Program and loans them a confidential Manual Suite with operating policies and procedures. The franchisor also provides written specifications for required products and services, including approved suppliers. After opening, Oasis Senior Advisors Franchise Systems, LLC provides ongoing operating assistance and updates to the Manual Suite. They also make available a refresher training program no more than once a year, which may be held virtually, at a specified location, or in conjunction with their Annual Convention.
Initial Training Hours
79
Training Location
Bonita Springs, FL
Ongoing Support
After opening, Oasis Senior Advisors Franchise Systems, LLC encourages its franchisees and their employees to attend ongoing training or coaching, which can take the form of regional programs, study groups, franchisee meetings, conventions, and electronic means. The franchisor provides a mandatory refresher training program no more than once a year, which can be virtual or at a specified location, or in conjunction with their Annual Convention. The franchisee's Principal Owner must also attend the Annual Convention.
Franchise Requirements
Ideal Candidate Profile
Oasis Senior Advisors Franchise Systems, LLC seeks a Principal Owner who holds at least a 50% ownership interest in the franchise and is committed to managing the business full-time for the first two years. This Principal Owner must also attend all required training programs and conventions. Within 90 days of opening, the Principal Owner must become a Certified Senior Advisor (CSA). After the first two years, the Principal Owner may engage in other work, provided a full-time manager (who is approved by the franchisor, has a CSA designation, and has completed initial training) is designated to supervise operations.
Industry Experience Required
No
Management Experience Required
No
Sales Experience Required
No
Technical Skills Required
No
Operational Details
Location Type
Hybrid
Owner Participation
full-time
Territory Type
exclusive
Territory Size Requirements
Oasis Senior Advisors franchise territories are primarily defined by population, typically containing approximately 400,000 to 800,000 people. The franchisor may offer smaller or larger territories but generally does not expect to exceed 800,000 people. The population is determined using third-party data providers at the time the franchise agreement is signed. Territories are identified by zip codes or as further defined in an attachment to the franchise agreement.
Staffing Notes
For Oasis Senior Advisors businesses, the Principal Owner must work full-time in the operation and management of the business for the first two years. After this initial period, the franchisee may hire a full-time manager, who must be approved by the franchisor, possess a Certified Senior Advisor (CSA) designation, and successfully complete the Initial Training Program. Before hiring any employee, Oasis Senior Advisors franchisees are required to conduct a satisfactory background check through a reputable third-party provider. This background check must include at least a social security number verification and a criminal background check covering all previous addresses.