Seniors Helping Seniors Franchise
Audited FinancialsRisk Score
Pending analysis
Investment Range
$94,715 - $171,790
Franchise Fee
$35,000
Min Cash Required
$5,000
Total US Locations
182
Business Summary
Seniors Helping Seniors, LLC offers franchises that provide both medical and non-medical personal services for seniors. These services include companion care, homemaker assistance, transportation, shopping, light handyman work, personal care, and specialized care for Alzheimer's/dementia. Seniors Helping Seniors also provides medical and home health services such as skilled nursing, medication management, wound care, and various therapies. The business model is unique in that seniors help other seniors, allowing those receiving care to live independently while providers enjoy a second career. Seniors Helping Seniors businesses can be operated from a home office or a small commercial office.
Corporate History
Seniors Helping Seniors, LLC was formed in Delaware on November 29, 2005, with the specific purpose of franchising Seniors Helping Seniors businesses. The company commenced offering franchises on February 15, 2006. Seniors Helping Seniors, LLC does not have any parent company or predecessors. An affiliate, The Power of Love for Seniors, was established in March 2014 and operates a Seniors Helping Seniors business in Pennsylvania.
Financial Overview
Investment Range
$94,715 - $171,790
Franchise Fee (Low)
$35,000
Franchise Fee (High)
$55,000
Minimum Cash Required
$5,000
Royalty %
6%
Marketing %
1%
Equipment Costs (Low)
$2,500
Equipment Costs (High)
$17,000
Working Capital
$7,850
Audited Financials
Yes
Offers Financing
No
Audit Opinion
Unqualified opinion
Financial Health Notes
Seniors Helping Seniors has demonstrated strong financial health. For the year ended December 31, 2024, the company reported total current assets of approximately $4 million and total current liabilities of approximately $1.7 million, indicating solid short-term liquidity. The net income for the year was over $5.2 million, supported by nearly $4.9 million in net cash generated from operating activities. The company received an unqualified audit opinion, and the auditors did not identify any conditions or events that would raise substantial doubt about Seniors Helping Seniors' ability to continue as a going concern.
Financing Details
Seniors Helping Seniors does not offer any direct or indirect financing to its franchisees. Additionally, Seniors Helping Seniors does not guarantee any notes, leases, or other financial obligations for its franchisees. Franchisees are responsible for securing their own funding through third parties.
Performance Metrics
Total US Locations
182
Franchised Units
180
Corporate Units
2
Franchising Since
2006
Legal & Compliance Analysis
Recent Litigation
No
Bankruptcy
No
Litigation Count
3
Litigation Summary
Seniors Helping Seniors has been involved in three litigation cases, all of which have been concluded. In May 2014, Seniors Helping Seniors was sued by New Jersey franchisees who sought rescission and damages. Seniors Helping Seniors counterclaimed, and the case was settled in early 2015 with Seniors Helping Seniors paying the franchisees $10,000. In July 2017, a franchisee in Delaware sued Seniors Helping Seniors, claiming a Franchise Disclosure Document was not provided upon renewal and alleging contract breaches. This case was voluntarily dismissed by the plaintiff in December 2017, and the franchisee later paid Seniors Helping Seniors $120,000 as part of a settlement for fees and costs. The third case involved a May 2018 lawsuit filed by Compassionate Hands, LLC and individuals in Florida alleging breaches of Master License Agreements. This case was voluntarily dismissed, and a subsequent related suit filed in Delaware in January 2019 also resulted in a final settlement agreement in October 2019.
Bankruptcy History
Seniors Helping Seniors has no bankruptcy history to report.
Agreement Terms
Initial Term
10 years
Renewal Term
10 years
Renewal Conditions
To renew their franchise agreement, Seniors Helping Seniors franchisees must meet several conditions. They must have substantially complied with all provisions of their Franchise Agreement and any other agreements with Seniors Helping Seniors, and all monetary obligations must be satisfied. Franchisees must also ensure they can maintain possession of their approved business location for the renewal term and make any necessary capital expenditures to keep their business uniform with the Seniors Helping Seniors System. They need to provide timely notice of their intent to renew, complete current qualification and training requirements, and sign a new Renewal Agreement, which may have terms and conditions materially different from the original contract. Finally, franchisees must pay the then-current renewal fee and execute a general release of claims.
Training & Support Program
Franchisor Assistance
Seniors Helping Seniors provides comprehensive assistance to its franchisees both before and after opening. Before a business opens, Seniors Helping Seniors offers guidelines for operation and management, including sales, marketing, computer software training, and staffing. Franchisees must successfully complete an initial training program and receive a copy of the Operations Manual. Seniors Helping Seniors also evaluates the business setup, licenses the use of its brand marks, and helps secure favorable rates for insurance, vehicle financing, and equipment. For the first six months, it reviews and approves advertising materials and assists with third-party software acquisition. After opening, ongoing support includes basic advisory assistance, which may involve annual on-site visits or teleconferences, limited phone support, and access to online forums. Seniors Helping Seniors coordinates periodic training, offers optional fee-based specialized training, provides updates to the Operations Manual, conducts regular business inspections, and makes promotional items available for purchase. Additionally, Seniors Helping Seniors reviews annual business plans and helps set performance targets.
Initial Training Hours
84
Training Location
Virtually
Ongoing Support
After the initial opening, Seniors Helping Seniors provides ongoing support to its franchisees. This includes basic advisory assistance such as annual on-site visits or telephonic conferences, limited telephone support, online intranet forums, and teleconferences. Seniors Helping Seniors coordinates periodic training programs for its franchisees and offers optional fee-based specialized training covering areas like sales, management, marketing plan review, and business planning. The franchisor also provides updates to the Operations Manual, conducts regular inspections of franchised businesses, and makes promotional items available for purchase. Additionally, Seniors Helping Seniors reviews annual business plans and helps determine mutually agreed-upon performance targets for the upcoming year.
Franchise Requirements
Ideal Candidate Profile
Seniors Helping Seniors seeks franchisees who will operate as owner-operators under the Traditional Model, or who will hire a Designated Manager to run the business under the Executive Model. Regardless of the model, the individual directly supervising the franchised business must have at least five years of business experience and must satisfactorily complete Seniors Helping Seniors' initial training program before opening.
Industry Experience Required
No
Management Experience Required
Yes
Sales Experience Required
No
Technical Skills Required
No
Min Years Experience
5
Operational Details
Location Type
Hybrid
Owner Participation
Supervisory
Territory Type
Exclusive
Staff Count
54
Territory Size Requirements
Seniors Helping Seniors territories are defined by a minimum population of 250,000 people. The boundaries for territories within a Development Area can be described using zip codes, streets, natural or man-made landmarks, or county lines, and are delineated on a map attached to the Development Agreement's Data Sheet.
Staffing Notes
Seniors Helping Seniors requires that the franchised business always be under the direct full-time supervision of a Designated Manager, who can be the franchisee or another approved individual. This Designated Manager must have at least five years of business experience and must successfully complete the initial training program before the business opens. Seniors Helping Seniors provides guidelines and specifications for staffing, and franchisees are responsible for hiring and training their own employees. While hiring office staff is optional, the franchisor recommends having funds available for employee salaries for the first three months of operation, especially for a Designated Manager if one is hired.