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Meraki Assisted Living

Assisted living homes
Investment
$129,060
Initial Franchise Fee
$45,000
Units
7
Growth Rate
+0.0%

Overview

Industry
Personal-Care Businesses
Founded
2015
Franchising Since
2021
Parent Company
Meraki Assisted Living LLC
Leadership
Scott Hemenway, Founder/CEO
# of Employees at HQ
6

Units and Growth Chart

Investment Details

Initial Franchise Fee
$45,000
Initial Investment
$129,060 - $627,010
Net Worth Requirement
$750,000
Cash Requirement
$300,000
Royalty Fee
7%
Ad Royalty Fee
2%
Technology Fee
N/A
Term of Agreement
10 years
Is Franchise Term Renewable?
Yes
Financing
N/A
Veterans Incentive
10% off first-unit franchise fee

Available Territories

Franchising opportunities available in the following regions

United States

States

Alaska Alabama Arkansas Arizona Colorado Connecticut District of Columbia Delaware Florida Georgia Iowa Idaho Kansas Kentucky Louisiana Massachusetts Maine Michigan Minnesota Missouri Mississippi Montana North Carolina Nebraska New Hampshire New Jersey New Mexico Nevada Ohio Oklahoma Oregon Pennsylvania South Carolina Tennessee Texas Vermont Wisconsin West Virginia Wyoming

Training & Support Programs

Comprehensive training and ongoing support to help you succeed

Training

On the Job Training
16 hours
Classroom Training
55 hours

Ongoing Support

Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection

Marketing Support

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

Operations & Requirements

Key operational details and requirements for running this franchise

Is absentee ownership allowed?
No
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
15
Are exclusive territories available?
Yes

Ranking History

Meraki Assisted Living performance in the Franchise rankings over recent years

No data available at this time.

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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