Golden Heart Senior Care logo

Golden Heart Senior Care

Nonmedical home care, staffing, assisted-living placement
Investment
$68,925
Initial Franchise Fee
$45,000
Units
24
Growth Rate
-17%

Overview

Industry
Personal-Care Businesses
Founded
2009
Franchising Since
2010
Parent Company
Sarillian Management LLC
Leadership
Craig Bass, President
# of Employees at HQ
5

Units and Growth Chart

About Golden Heart Senior Care

Golden Heart Senior Care is an at-home companion care, home help, and personal care service for the elderly. Golden Heart Senior Care was founded in 2009. The following year, as demand rose, it began offering franchise opportunities. For those seniors who have reached a point where they can no longer live alone, Golden Heart Senior Care offers an assisted living placement service, as well.

Since beginning to franchise, Golden Heart Senior Care has opened over 20 franchises in the United States.

Why You May Want To Start a Golden Heart Senior Care Franchise

A Golden Heart Senior Care usually allows for absentee ownership, so a franchisee can hire someone else to work for them. If you are planning to be a hands-on franchisee, you will need to be caring, compassionate, friendly, and interested in the life stories of those under your care. 

Because of the presence of potential absentee ownership, you don't necessarily need experience in the health or senior care field. However, prior experience in health or elderly care certainly wouldn't hurt. Golden Heart Senior Care typically offers its franchisees a comprehensive training program and complete support that covers the job recruitment process to intaking new clients. Franchisees will also need to undergo a thorough background check.

What Might Make a Golden Heart Senior Care Franchise a Good Choice?

A Golden Heart Senior Care franchisee will likely become an important part of their client's life and should be prepared to uphold the professional values that the company maintains. Franchisees should expect to provide a friendly, cheerful, and capable service, whether behind the scenes or as an administrator of care, on the daily.

You should also prepare to be on call at any time, day or night. Each client has different needs and you are expected to deliver quality care with each interaction. 

To be part of the Golden Heart Senior Care franchise team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements. 

How To Open a Golden Heart Senior Care Franchise

Before making any financial commitment or signing an agreement, you must perform your due diligence. After taking character and job requirements, both as an absentee and fully-involved owner, into consideration, you should look at your local market and see if any other senior care services would be in direct competition with your franchise. Some competition is healthy, but too much could impact franchise growth. 

As part of your due diligence, you may want to speak to existing franchisees and ask the Golden Heart Senior Care franchising team questions. For example, you may want to ask existing franchisees what the more challenging aspects of the job are and how they properly take care of clients while respecting the wishes of family and significant others.

With the backing of the brand and what may be an already good reputation in the market, you may be good as gold in a Golden Heart Senior Care franchise.

Investment Details

Initial Franchise Fee
$45,000
Initial Investment
$68,925 - $96,750
Net Worth Requirement
$150,000
Cash Requirement
$100,000
Royalty Fee
5%
Ad Royalty Fee
2%
Technology Fee
N/A
Term of Agreement
10 years
Is Franchise Term Renewable?
Yes
Financing
Third Party
Veterans Incentive
10% off franchise fee

Available Territories

Franchising opportunities available in the following regions

United States

Training & Support Programs

Comprehensive training and ongoing support to help you succeed

Training

On the Job Training
Classroom Training
44 hours

Ongoing Support

Toll-Free Line
Online Support
Security & Safety Procedures
Field Operations
Proprietary Software
Franchisee Intranet Platform

Marketing Support

Co-op Advertising
Ad Templates
Regional Advertising
Social Media
SEO
Website Development

Operations & Requirements

Key operational details and requirements for running this franchise

Is absentee ownership allowed?
Yes
Can this franchise be run from home/mobile unit?
Yes
Can this franchise be run part time?
No
# of employees required to run
1
Are exclusive territories available?
Yes

Ranking History

Golden Heart Senior Care performance in the Franchise rankings over recent years

No data available at this time.

Find Your Perfect Franchise Match

See which franchises fit your budget and have open territories near you.

Sign Up for Our Franchise Newsletter

Stay up to date on the latest news and trends affecting the franchise industry.

Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022