Options For Senior America Franchise
Audited FinancialsRisk Score
Pending analysis
Investment Range
$85,800 - $110,400
Franchise Fee
$30,000
Total US Locations
25
Business Summary
Options For Senior America provides in-home care services primarily to the senior population, as well as elderly frail individuals with mental or physical debilitation. Options For Senior America franchisees offer personal care, companionship, and skilled nursing care, where permitted by state regulations. These services are delivered by various care providers including Home Health Aides, Certified Nursing Assistants, Registered Nurses, and Licensed Practical Nurses, both directly to individuals and to healthcare institutions.
Corporate History
Options For Senior America Franchising, LLC was incorporated in Maryland on March 22, 2024, as the direct franchising entity. However, Options For Senior America began offering franchises in 2015. Additionally, the shareholders of the franchisor have operated a home health care business, which is the type offered by the franchise, since January 2, 1990. Options For Senior America Franchising, LLC states it has no predecessor companies or parent affiliates.
Financial Overview
Investment Range
$85,800 - $110,400
Franchise Fee (Low)
$30,000
Franchise Fee (High)
$67,500
Royalty %
5%
Marketing %
1.5%
Equipment Costs (Low)
$3,500
Equipment Costs (High)
$6,000
Working Capital
$12,000
Audited Financials
Yes
Offers Financing
No
Audit Opinion
Unqualified opinion
Financial Health Notes
The auditors issued an unqualified opinion despite a restatement for prior period errors related to accounts receivable, cash, and deferred revenue discovered in 2024. Options For Senior America Franchising, LLC also underwent a significant ownership change and acquisition for $3,348,720 on April 9, 2024, resulting in the recognition of acquired assets and assumed liabilities at fair value. The company's financial health is also sensitive to economic events impacting its franchisees, as its revenue is tied to their sales.
Financing Details
Options For Senior America does not offer any direct or indirect financing arrangements to its franchisees. However, upon a franchisee's request, Options For Senior America can introduce them to PNC Bank, a financial institution that has agreed to help franchisees with the business loan application process. Options For Senior America does not guarantee financing approval or any loan terms.
Performance Metrics
Total US Locations
25
Franchised Units
18
Corporate Units
7
Avg Square Footage
225
Franchising Since
2015
Legal & Compliance Analysis
Recent Litigation
No
Bankruptcy
No
Litigation Summary
Options For Senior America has no litigation history that is required to be disclosed in this document.
Bankruptcy History
Options For Senior America has no bankruptcy history that is required to be disclosed in this document.
Agreement Terms
Initial Term
10 years
Renewal Term
10 years
Renewal Conditions
To renew their franchise, Options For Senior America franchisees must provide written notice of their intent to renew at least three months before the current term ends. They must also be in full compliance with all terms of their existing Franchise Agreement, including timely payment of all royalties and other fees. All monetary obligations to Options For Senior America must be satisfied, and franchisees must execute a general release of any claims against the franchisor. Finally, they must sign Options For Senior America's then-current Franchise Agreement, which may have materially different terms, and pay a renewal fee of $5,000.
Training & Support Program
Franchisor Assistance
Options For Senior America provides significant support to its franchisees both before and after opening. Before opening, the franchisor offers limited input for office location, guidance on securing necessary business and homecare licenses, and a mandatory 5-day initial training program for up to two individuals at its corporate offices. Franchisees also receive a loaned copy of the Operations Manual, assistance with initial public relations and marketing campaigns, recommendations for equipment and suppliers, and help with attracting and screening initial staff, as well as placing initial advertisements. After opening, Options For Senior America provides ongoing consultation and advice via phone or email for technical, operational, and advertising matters. It assists in preparing advertising and promotional materials and approves their use. The franchisor may also periodically refer prospective clients and offers free attendance at annual meetings and continuing development courses (though franchisees cover their own travel and living expenses). Additionally, Options For Senior America may visit franchises for operational advice, with travel costs covered by the franchisee if requested, and provides updates to its AxisCare software.
Initial Training Hours
60
Training Location
Corporate office in Gaithersburg, MD
Ongoing Support
After a franchisee's office opens, Options For Senior America provides continuous support through telephone and email consultations on technical, operational, and advertising matters upon reasonable request. The franchisor assists in preparing and approving advertising and promotional materials. Options For Senior America also periodically refers prospective clients to franchisees within their protected territories. Franchisees are offered free attendance at regularly scheduled annual meetings and ongoing development courses, though they are responsible for their own travel and lodging expenses. Additionally, Options For Senior America may conduct visits to franchises for operational and sales advice, with travel costs covered by the franchisee if requested, and provides updates to the AxisCare software/application.
Franchise Requirements
Ideal Candidate Profile
Options For Senior America looks for franchisees who demonstrate good judgment, reliability, a positive attitude, a sense of urgency, and a strong work ethic. Franchisees must be prepared to dedicate their continuous best efforts and provide direct, day-to-day supervision to the development, management, and operation of their business. Options For Senior America also seeks individuals with a good moral character, sound business reputation, and credit rating, along with the aptitude and ability to conduct the franchised business and adequate financial resources and capital to operate it.
Industry Experience Required
No
Management Experience Required
No
Sales Experience Required
No
Technical Skills Required
No
Operational Details
Location Type
commercial
Owner Participation
Full-Time
Territory Type
exclusive
Staff Count
2
Territory Size Requirements
Options For Senior America's standard franchise territories are defined by population, generally having a minimum total population of 250,000 and a maximum of 400,000. Within this area, there must be a guaranteed senior population (age 65+) of between 30,000 and 35,000. These territories are typically delineated by county or a combination of zip codes. Premium territories are also available with a senior population of up to 55,000.
Staffing Notes
Options For Senior America requires franchisees to hire a part-time assistant for at least 20 hours per week, which should become full-time once monthly revenues consistently reach $20,000. Additionally, the franchisee must hire and maintain at least one full-time business development employee per territory. A designated individual, who could be the franchisee or another employee, must dedicate a minimum of 40 hours per week to marketing activities. Furthermore, one employee needs to be available on-call 24 hours a day, including weekends, to respond to urgent telephone messages within 15 minutes. Franchisees are also required to employ a part-time, contingent Registered Nurse for initial and supervisory care recipient needs assessments if mandated by state regulations. All employees must sign confidentiality and non-compete agreements.