December 1, 2012
Grand Rapids, Michigan
It is a very Merry Christmas here at Seniors Helping Seniors in home services. While we bring joy to seniors year round in the Grand Rapids Area, Christmas is a special time for our Seniors Helping Seniors Family to celebrate together.
About 30 people gathered this year for our SHS Christmas party. We had about 18 Providers join us and 12 guests including some spouses and friends. Our speakers this year gave us some wonderful information including Raymond Siegel from Waddell & Reed who sponsored the event, a speaker from the Center for Physical Rehabilitation and a wonderful group of children who provide community service to senior citizens shared with us about what they do.
There were some door prizes for our Providers and Noah VanderLinde helped with the drawing of winners.
Of course, Noah wanted to make sure that no Providers left empty handed.
It was a great meal and great time spent with some truly great people. To all of our loving, caring and compassionate caregivers, thank you for all you do for us and those families you serve. Merry Christmas!
Seniors Helping Seniors of Grand Rapids
616-234-0190
www.SeniorsHelpingSeniors.com/GrandRapids
Saturday, December 1, 2012
Thursday, August 30, 2012
Lions, Tigers and Seniors - oh my!
Detroit, Mich. – Lions, Tigers and Senior Citizens? Oh my!
Senior citizens living in Macomb, Oakland and Wayne counties are invited to
enjoy a special day at the Detroit Zoo on Senior Day, Wednesday, September 5, 10 a.m.-3 p.m. Seniors 62
and older and a caregiver will receive free admission to the Zoo, parking and
rides on the Tauber Family Railroad. Seniors are invited to stop by the Senior
Resource Area and visit with vendors. There will also be a special Senior Bingo
Game with fabulous prizes and live entertainment.
One vendor will be present at Senior
Day not only to provide information to seniors and caregivers about their
non-medical in home services, but for some of the Detroit Area Franchise
Operators this is also an unconventional job fair. Seniors Helping Seniors ® In-Home Care provides home care
exclusively for seniors by seniors. “There are many seniors who need a little
help to maintain their independence, but they prefer to get that help from
someone who understands them and is closer to their own age,” says Mark Bobo,
Franchise Owner from Ann Arbor.
“We just completed our training in August and are very excited to
start serving seniors in Plymouth, Wayne, Canton, Westland and Garden City this
September,” says Mary Ribiero, the newest Franchise Partner in Michigan. Mary
has personal experience as a caregiver in her family and has opened a franchise
with her husband, Carmo Ribiero, to help older seniors stay self sufficient
throughout Western Wayne County. This newest franchise will be the 6th
center to open in Michigan in 2012, making Seniors Helping Seniors Franchises
one of the fastest growing in the state.
Dave VanderLinde Jr., one of the Regional Owners of Seniors Helping Seniors In-Home
Services says, “We all know that jobs are hard to come by in this economy,
especially on the east side of the state. Many mature workers in particular
have difficulty finding work. We recognize the invaluable life experience and
work ethic that older workers bring to a company. We now have grown to 14
franchises in Michigan with 9 of them being in the greater Detroit area. Many
of our newer franchise partners are looking forward to senior day as a way to
inform the community about our services but also as a way to find healthy,
active seniors who are loving, caring, compassionate and who have a desire to
have a meaningful part time job. We will be creating 75 to 100 new job openings
for seniors in East Michigan yet this year. Our business model is so unique
that it is one reason we were ranked the #1 Senior Care Franchise in 2012 by
Entrepreneur magazine.”
Philip
Yocom, and his wife, Kiran Yocom, co-founded Seniors Helping Seniors in-home services, which began as a
non-profit organization serving Berks County, Pennsylvania over ten years
ago. Philip Yocom said, "What began as a heartfelt mission to fill a
need that was not being served by our local community is now being recognized
as a prime business opportunity being fueled by the fastest growing demographic
in our society," he continued. "We want the existing Seniors Helping Seniors organization
and our franchises to be the first place that seniors in need of non-medical
services and those seeking extra income call."
"We
support all of our franchises with the expertise we have gained in running our Seniors Helping Seniors Grand
Rapids office,” said David VanderLinde Jr. “We also provide marketing, sales,
management, and technology support. We believe we have found a practical,
cost-effective way to help seniors remain independent and to continue
contributing to their community. We plan on granting about a dozen more
franchises in Michigan over the next 2 years at which time we will be able to
provide services to about 80% of the state."
For more information on Seniors Helping Seniors in-home services,
or its franchise system, contact:
Dave
VanderLinde Jr.
Phone:
616-234-0190
E-Mail: info@shsmichigan.com
Friday, August 10, 2012
SHS in the News
Not only did we think our picnic was a success, but it was also picked up by WZZM13! Our picnic which was held to thank the seniors who work for us while at the same time provide information for seniors and family caregivers about the senior resources in Grand Rapids was talked about on the 6:00 News.
http://www.wzzm13.com/news/article/221012/48/Seniors-Helping-Seniors-gather-for-annual-picnic
http://www.wzzm13.com/news/article/221012/48/Seniors-Helping-Seniors-gather-for-annual-picnic
Thursday, August 9, 2012
2012 Annual Picnic Recap
What a G-R-E-A-T day! It has been a dry summer, so we decided not to let a little rain worry us on the day of our annual picnic. On August 9th we hosted our annual picnic at SS Peter & Paul Parish. Originally we planned on having the event under tents in the grassy area between the church and the school. Over the weekend the forecast was a 50% chance of rain...a little worrisome...but that number crept up about 10% per day until on the day before our picnic we saw that there was a 90% chance of rain!
So, we decided to host the event inside the gymnasium of the school. It worked out just perfectly. The picnic went from 11AM until 1PM. We had seniors showing up before 10:30 AM and at 10:45 AM I counted over 100 people already in the building. At about 11:15 we made some announcements and at 11:25 we gave a short presentation about Seniors Helping Seniors In-Home Services.
After our presentation it was time to award some of our Providers with awards. Seniors Helping Seniors has the best caregivers around. Because all of our caregivers are loving, caring and compassionate seniors themselves, they understand the aging process and can relate to the seniors they are helping. Below is a list of some of the awards that were presented:
After we handed our awards, the son of one of our Receivers, Dirk A., asked if he could say a few words about Seniors Helping Seniors In Home services to everyone who was gathered for our picnic. We did reduce his "few words" to the clips below:
Dirk - Video Clip 1 - Why SHS?
Dirk - Video Clip 2 - People Who Care
Dirk - Video Clip 3 - Helping More than My Dad
Dirk - Video 4 - Thank You Seniors Helping Seniors
We really appreciate all of the kind words that Dirk shared with the audience. His family has been our pleasure to serve and his father has been wonderful to work with.
By this time the clock was reading high noon and the seniors in attendance were ready to eat! So, lunch was served followed by a little more music from the band. Along with all the other awards, we did present an award to Ken Kole for being our Caregiver of the Year!
You read about Ken in our last blog post and it was our pleasure to recognize him for going above and beyond the call of duty.
Check back soon as we will be updating this blog with pictures from our picnic.
Seniors Helping Seniors provides non-medical in home care for seniors by seniors. Our unique brand relies on matching up healthy, active seniors who want to help with seniors who need a little help to maintain their independence. We provide services throughout Grand Rapids, MI. There are over 200 locations around the country providing tens of thousands of hours of service to the senior community.
We chance people's lives.
So, we decided to host the event inside the gymnasium of the school. It worked out just perfectly. The picnic went from 11AM until 1PM. We had seniors showing up before 10:30 AM and at 10:45 AM I counted over 100 people already in the building. At about 11:15 we made some announcements and at 11:25 we gave a short presentation about Seniors Helping Seniors In-Home Services.
After our presentation it was time to award some of our Providers with awards. Seniors Helping Seniors has the best caregivers around. Because all of our caregivers are loving, caring and compassionate seniors themselves, they understand the aging process and can relate to the seniors they are helping. Below is a list of some of the awards that were presented:
Dale Bozek | Patience |
Maxine Brinks | Helping Hands |
Richard Grisdale | Patience |
Lynn Howe | Rookie of the year |
Mary Hudson | Power of Love |
Margie Jirous | 11th hour award |
Judy Robinson | a way to give and to receive |
Debra Smith | Companion Award |
Sharon Zils | All the way |
Char Zuker | Square One |
Phil Sikkema | Trooper Award |
David Cz. | Yes |
Kaye B. | Longevity Award |
Sally A. | Golden Ages |
Ric Castleman | Helping Hands |
Faye White | Dedication Award |
Ken Kole | PROVIDER OF THE YEAR |
Marv Gortsema | Patience |
Linda Blovits | Kiran Yocom Award |
After we handed our awards, the son of one of our Receivers, Dirk A., asked if he could say a few words about Seniors Helping Seniors In Home services to everyone who was gathered for our picnic. We did reduce his "few words" to the clips below:
Dirk - Video Clip 1 - Why SHS?
Dirk - Video Clip 2 - People Who Care
Dirk - Video Clip 3 - Helping More than My Dad
Dirk - Video 4 - Thank You Seniors Helping Seniors
We really appreciate all of the kind words that Dirk shared with the audience. His family has been our pleasure to serve and his father has been wonderful to work with.
By this time the clock was reading high noon and the seniors in attendance were ready to eat! So, lunch was served followed by a little more music from the band. Along with all the other awards, we did present an award to Ken Kole for being our Caregiver of the Year!
You read about Ken in our last blog post and it was our pleasure to recognize him for going above and beyond the call of duty.
Check back soon as we will be updating this blog with pictures from our picnic.
Seniors Helping Seniors provides non-medical in home care for seniors by seniors. Our unique brand relies on matching up healthy, active seniors who want to help with seniors who need a little help to maintain their independence. We provide services throughout Grand Rapids, MI. There are over 200 locations around the country providing tens of thousands of hours of service to the senior community.
We chance people's lives.
Monday, August 6, 2012
Annual Picnic August 9th 2012
Press
Release
August
6, 2012
GRAND
RAPIDS, Mich. – The 3rd Annual Seniors Helping Seniors Picnic will
be held on Thursday August 9th from 11AM until 1:00 PM at SS Peter & Paul
1433 Hamilton NW. The event will be held rain or shine with outdoor tents in the
grassy area next to the church or inside the parish center if it is raining. The
event will celebrate and recognize the hard work of the loving, caring and
compassionate seniors who work for the organization. Ken Kole of Wyoming, MI
will be receiving the 2012 Caregiver of the Year Award from Seniors Helping
Seniors® In-Home Services.
“It is
always fun to recognize the absolutely amazing seniors who work for us,” says
Amanda Thrush, Director of Client Relations. “Nearly all our Providers could
receive this award, but Ken has gone above and beyond what we ask our
caregivers to do.” Ken has worked for Seniors Helping Seniors since 2009
and has helped over a dozen seniors from the Grand Rapids area. One of
the men whom he helps on a weekly basis is Warren. Both Ken and Warren have a
passion for sports and Warren in particular loves the Tigers. One day he
mentioned to Ken that it was too bad that he would not ever make it to another
Tiger’s game. Warren has mobility problems and no family who would take him to
a baseball game. Ken took it upon himself to get a couple tickets to a Tigers
game and load Warren up in his car and drive across the state to take him to a
Tiger’s game. When you have seniors working for you who do not look at what
they are doing as just a job and when you match up the right senior receiving a
service with the right senior providing the service it really is like they are
getting a little help from their friends.
2011 Seniors Helping Seniors Picnic |
Dave
VanderLinde, one of the Owners of Seniors Helping Seniors In-Home Services
says, “We decided to open this picnic up to the entire senior community last
year. There are many seniors out there who are not aware of our services or the
various services that may be available to them. So, we are inviting all senior
citizens and family caregivers to come out and join us for a Free Lunch, Door
Prizes and Entertainment.” All seniors will leave with information from Seniors
Helping Seniors as well as from several other organizations who serve the
senior community in West Michigan.
Seniors
or family caregivers are asked to register
for this event by calling 616-234-0190. Seniors Helping Seniors provides a
variety of help including companion care, transportation, around-the-clock
in-home care, basic handyman services, lawn and garden work, shopping
and errands, cooking,
cleaning, personal grooming, respite care, Alzheimer’s and dementia care and
more. Seniors Helping Seniors has about 200 locations around the country
and 14 in Michigan. For more information on the picnic click here and for more on Seniors Helping Seniors in-home
services, or its franchise system, contact:
Dave
VanderLinde Jr.
Phone:
616-234-0190
E-Mail: info@shsmichigan.com
Friday, June 15, 2012
Governor Proclaims June 15 Elder and Vulnerable Adult Abuse Day
This is good news for Michigan. Seniors Helping Seniors In-home Services is for many families the eyes and ears for their seniors. Many seniors who do not have trusted family nearby rely on us to keep them safe. For your seniors personal care when you can't be there(R)
Governor
Proclaims June 15 Elder and Vulnerable Adult Abuse Day
Administration
continues commitment to the safety and well-being of older adults
LANSING –Governor Rick Snyder has proclaimed
June 15, 2012 as Elder and Vulnerable Adult Abuse Day, in conjunction with
World Elder Abuse Day. This
proclamation, in addition to strong support for a package of elder abuse bills,
further exemplifies the Administration’s commitment to protecting older adults
throughout the state.
According to Kari Sederburg, OSA Director, “Vulnerable
adult abuse is one of Michigan’s fastest growing crimes, with an estimated
80,000 victims each year. Sadly, these
people are suffering, often in silence, because Michigan does not have adequate
tools and resources to protect and support victims and improve prevention and
prosecution efforts.”
Governor Snyder has actively supported the 18-bill
bipartisan package of elder abuse bills that provide long overdue reforms
including increased criminal penalties, provisions for video-taped testimony,
required training for employees of financial institutions, improved
coordination between state and local authorities, and a silver alert program. Most of the bills in the package have been
introduced in previous legislative sessions.
“We are fortunate to have a Governor who understands
that Michigan’s elders and vulnerable adults are valued community members who
deserve to live with respect and dignity, and that we can do more as a state to
protect them for abuse, neglect and exploitation,” said Sederburg.
Ten of the 18 bills have passed both the House and
Senate and are heading to the Governor’s desk to be signed into law. The other
eight (8) bills are still in committee. Additional information on senior
protections can be found in "the elder protection" at www.legislature.mi.gov.
The Office of Services to the Aging is an agency of the
State of Michigan whose mission is to provide leadership, innovation, advocacy,
and policy on behalf of Michigan’s older adults and their caregivers. For more information contact the Office of
Services to the Aging at
(517) 373-8230 or visit www.michigan.gov/miseniors.
Seniors Helpings Seniors In-Home Services is a national organization with 200 offices around the country to serve seniors. Our mission is to help seniors maintain their independence in their own home with the dignity and respect they deserve by finding caring and compassionate seniors who want meaningful employment helping other seniors. Seniors Helping Seniors is the fastest growing senior care franchise in the state of Michigan - now with 14 offices in the state with plans to open a dozen more over the next 2 years.
Tuesday, May 29, 2012
Good and caring Seniors Helping Seniors businesswoman Highlighted on Mother’s Day Hour of Power
Good and caring Seniors Helping Seniors businesswoman
Highlighted on Mother’s Day Hour of Power
Airing Sunday June 3, 2012 at 8 AM
Kiran Yocom, co-founder of Seniors Helping Seniors® at-home
care, is an exceptional example of a woman who has determined how to do good
and do well in business.
As a serious woman of faith, it has been most important for
Kiran to highlight how she, and her husband, Philip, live their Christian
values while providing at-home support services to older adults. They do this
with an eye toward growing and sustaining a successful business that allows
them to continue to expand their services throughout the country.
Kiran is not new to integrating
the worlds of for profit and non-profit values. Born in India, Kiran
spent fourteen years volunteering side by side with Mother Teresa as a ministry
follower. She was called through love, compassion, and respect to help those
who could not help themselves.
During those years, Kiran
fundraised for Mother Teresa's ministry, took care of leprosy patients, fed the
hungry, found shelter for the homeless, cared for orphans, and comforted the
sick.
Kiran, who lives in Berks
County, Pennsylvania, continued her mission of helping others when she moved to
the States, giving significant time and money to help her neighbors in Berks
County by providing food to those who had none, visiting cancer patients, and
spending time with people who were alone and lonely by bringing love, joy, and
compassion into their lives.
When she and her husband founded
Seniors Helping Seniors® services, they continued to move their calling to make
the world a better place. The organization provides a way to give and to
receive® for the seniors who want to help and for those who need help.
For older adults, who are retired but still active, Seniors Helping Seniors®
services provides a fulfilling and rewarding way to earn an equitable
income. And those who need help receive companionship and support from a
loving, caring, compassionate senior who really understands what it means to
age.
As the founder of the
organization, Kiran has been responsible for the day-to-day operations and the
promotion of the concept. Today, Seniors Helping Seniors® support services are
offered in over 200 locations throughout the country. Last year,
thousands of older adults nationally received support through the services.
Locally, David and Judy VanderLinde (along with their son
Dave and daughter Amanda) joined Seniors Helping Seniors® in-home services in
2009 and are currently providing over 1,000 hours of help to over
40 seniors and their families in Grand Rapids and the surrounding
area. Seniors Helping Seniors® services include companionship, light
housekeeping, cooking, respite care, personal care, handyman services,
transportation and other non-medical in-home care services.
“In creating Seniors Helping Seniors® at-home services,
Kiran and Philip created an organization that has allowed me to fulfill my own
personal mission of doing well and doing good. Working in my calling has
allowed me to give to others, to help older adults contribute to the welfare of
others and to receive extraordinary personal and spiritual rewards,” said Judy
VanderLinde.
Kiran and Philip are honored to
be able to deliver their messages about bring loving compassionate care to
seniors during their interview on Hour of Power which will be aired on Lifetime
on Sunday, June 3, 2012 at 8AM. The interview will also be available on the web
at hourofpower.org.
The internationally televised
Hour of Power brings messages of hope and healing to millions of viewers. The
show is televised from The Crystal Cathedral, which is home base for the
international Crystal Cathedral Ministries.
Seniors Helping Seniors has
grown to 13 franchise locations across Michigan with plans to expand to 25
locations by the end of 2013. Some franchise opportunities are still available
across the state. Our businesses help seniors maintain their independence while
providing meaningful job opportunities to healthy and active seniors.
Thursday, March 22, 2012
More than hot weather in Michigan
PRESS
RELEASE
March 22,
2012
For
Immediate Release
More
than Hot Weather in Michigan
GRAND RAPIDS, Mich. – There are a
number of reasons Seniors Helping Seniors® In-Home Services was selected as one
of West Michigan’s 101 Best and Brightest Companies to Work For. The outlook
for this rapidly growing franchise is definitely not grey – even if their
workforce is.
Seniors Helping Seniors In-Home Services provides
non-medical care for seniors by seniors. Their mission is to help seniors
maintain their independence in their own home for as long as possible with the
dignity and respect they deserve. Because there are about 10,000 boomers turning
65 every day, this is a rapidly growing industry; and there is a reason Seniors
Helping Seniors franchises are being awarded at a record pace. They have
awarded four franchises in Michigan in the past 3 months.
The business has found a way to give healthy, active
seniors an opportunity to do something meaningful and fulfilling while at the same
time supplementing their retirement income.
The organization has found that there are a number of benefits that come
from having a more mature workforce. Senior workers are dependable, they have a
strong work ethic and they understand the aging process. One of the slogans
used is …a way to give and receive® because the company is striving for a
win-win situation for both their Providers as well as their Receivers of
service.
While this can be a great way for seniors who want some
part time work to make better use of their free time it is also a hot market
and one of the fastest growing franchise segments. Entrepreneur Magazine’s 500 ranked
Seniors Helping Seniors at #164, they were also ranked #44 in the Fastest
Growing Franchises in the country.
Founded as a non-profit in 1998, there are now about 200
Seniors Helping Seniors Franchises across the country. “Our Grand Rapids office
was the 4th in Michigan when we opened in late 2009. This past
weekend we granted our 13th franchise partner in Michigan and we
cover 17 franchise territories across the state. We plan to have approximately
30 territories granted by 2013, which will cover most of the state,” says Dave
VanderLinde, Michigan’s Franchise Development Director.
While the automotive and other industries struggle in
this economy many workers have left Michigan for other job opportunities.
Michigan was the only state to lose population in the 2010 census. But those
leaving are not the 70, 80 and 90 year olds being served by home care
franchises. After all, many retired seniors want to stay in the home that they
have been in for 50 years, they have roots. But for many families their
children and support system are leaving the area increasing the need for the
services provided by home care agencies.
Seniors Helping Seniors in-home services provides a
variety of help including companion care, transportation, around-the-clock
in-home care, basic handyman services, shopping, cooking, cleaning, personal
grooming, respite care, Alzheimer’s and dementia care and more.
For more information on Seniors Helping Seniors in-home services, or its franchise system:
Contact: Dave VanderLinde
Jr.
Phone: (616) 234-0190
Website: www.seniorshelpingseniors.com
Monday, March 12, 2012
West Michigan's 101 Best and Brightest Companies to Work For - Winner 2012!
Winners of the 2012 West Michigan's Best and Brightest Companies to Work For were announced just last week and Seniors Helping Seniors of West Michigan is proud to have made the list!
The workforce at Seniors Helping Seniors In-Home Services is a bit different from other area businesses. As the name implies, caregivers who work for the company are mature, loving, caring and compassionate seniors who enjoy providing non-medical services for other seniors in the West Michigan area.
Seniors Helping Seniors Franchises can be found across the country and the first office in Michigan was opened in Oxford, MI back in 2008. In less than 4 years the company has grown from one location in Michigan to 13 Franchise locations in 2012.
"We are very excited about 2012. We have an office in Kalamazoo opening in May which will allow us to better serve even more seniors here in West Michigan. We also have franchises opening in Ann Arbor, East Lansing, Saginaw and Pleasant Ridge over the next few months. Over the next 2 years we plan on granting all the available franchise territories within Michigan," states Dave VanderLinde Jr. Franchise Development Director for the state of Michigan.
Our business model is different from every other home care agency that is out there because our services are exclusively for seniors by seniors. There is a growing demand for the services we provide throughout the Grand Rapids area and there is also a growing number of seniors who are looking for a way to supplement their retirement income.
To learn more about becoming a Provider for Seniors Helping Seniors or to learn more about starting a senior care franchise to serve your community call 616-234-0190.
Thursday, February 2, 2012
Exploring Franchise Opportunities
Exploring Franchise Opportunities: Exploring Franchise Opportunities If you are starting the process of researching franchise opportunities and also try to discover if y...
Exploring Franchise Opportunities
Exploring Franchise Opportunities
If you are
starting the process of researching franchise opportunities and also try to
discover if you have the qualities to be a successful entrepreneur, then you
are going through an exciting process! Even if you decide not to invest in a franchise
at the end of your exploration process, you are likely to take away knowledge
that will be useful in the future. Most franchisors will have an education
process that they guide you through to see if you could be a good fit for each
other. Not every franchise system is the same and this paper is intended to
identify some of the more common things to expect as you go through a franchise
education process.
One thing
to keep in mind as you are learning about a franchise: many successful business
people will give the advice “trust your gut”. If a franchise that you are
learning about is conducting itself in a way that just doesn’t feel right, then
it may not be the right system for you. On the other hand, if you really like a
business model or concept and find that you have too many questions or concerns
after your first or second contact with the Franchisor – do not discount that
franchise. You need to do sufficient due diligence and learn enough about an
opportunity so that you can make an informed decision. Most franchisors will be
walking you through several steps to educate you about their system. If you
walk away too early, you may have stopped learning about a business because of
something that really would not have been a major issue or it could have been
misunderstood by you.
Many people
have the dream of owning their own business, being their own boss and being in
control of their own future. Although you may already have the skills to start
your own successful business, a franchise can allow an entrepreneur to start
and grow a business faster and more economically by providing: training and
support, a proven system, brand recognition and other systems and tools. Keep
in mind that no matter how good a system is the success will always come down
to the effort and abilities of the entrepreneur. You may have also heard the
phrase that franchising is a secure way for an owner to be in business for
himself but not by himself.
The All Important FDD
An FDD or
Franchise Disclosure Document is a legal document that every franchisor must
provide. You cannot sign a franchise agreement until you have had the FDD to
review for 14 days. Before you are given an FDD you can expect to sign (either
electronically or on paper) a document that says you have been given the FDD.
You are not agreeing to invest in a franchise by signing this form but a
franchisor must document that they provided you with their FDD. There are 23
items on an FDD and item 23 is the Acknowledgement of Receipt by a Prospective
Franchisee – this is what you are signing when you get an FDD.
The 23
Items contained in an FDD will all be the same:
1. The
Franchisor and Any Parents, Predecessors, and Affiliates.
2.
Identity and Business Experience of Key Persons.
3.
Litigation History.
4. Bankruptcy.
5.
Initial Franchise Fee.
6. Other
Fees and Expenses.
7.
Franchisee's Estimated Initial Investment.
8.
Restrictions on Sources of Products and Services.
9.
Obligations of the Franchisee.
10.
Financing Arrangements.
11.
Obligations of the Franchisor.
12.
Territory.
13.
Trademarks.
14.
Patents, Copyrights, and Proprietary Information.
15.
Obligation of the Franchisee to Participate in the Actual Operation of the
Franchise Business.
16.
Restrictions on Goods and Services Offered by the Franchisee.
17.
Renewal, Termination, Repurchase, Modification and/or Transfer of the Franchise
Agreement, and Dispute Resolution.
18.
Public Figures
19.
Financial Performance Representations.
20. List
of Franchise Outlets
21.
Financial Statements
22.
Contracts
23. Acknowledgment
of Receipt
An FDD will
be accompanied by a copy of the actual franchise agreement that you would sign
if you move forward with a franchise opportunity. A lot of information is
contained within an FDD but franchising is (or should be) a mutually beneficial
relationship. So the exchange of information needs to be a two way street and
as you are investigating a franchise opportunity you should expect a franchisor
to be asking questions of you as well as requesting information including your
financial situation along with a profile or bio.
Many
franchisors will not even call you until you submit your financial information
to them. Some restaurant franchises, for example, have liquid capital
requirements of $1,000,000 and some franchisors do not want to waste time with
a financially unqualified prospective franchisee. Hopefully a franchisor is
asking you other questions along with your financial situation. After all, if
the only requirement is having enough zeros in the bank account how do you know
that other franchise owners will be good neighbors for you? Franchisors are not
required to let anyone buy a franchise they can reject a prospective candidate
at any time for any reason. You must meet their qualifications just as they
must meet yours to be granted a franchise.
An FDD does
make it easier to compare franchise systems. You will hear most franchisors
spend the most time talking about items 7 and 19 (Item 19 is not required).
Item 7 discusses a franchisee’s initial investment to start the business and
item 19 is a financial performance representation of the franchise system.
Up until
recently, the FTC did not allow franchisors to include any financial
performance representations of the franchise system. This was both good and
bad. It protected potential franchisees from misleading or inaccurate
information. But at the same time not allowing this prevented franchisors from
giving any sort of information relating to potential earnings. Depending on the franchise, Item 19 may be
very lengthy, very limited or non-existent.
While it is
nice to have some picture of potential earnings, the numbers from an Item 19
should be taken with a grain of salt for the following reasons:
Average
numbers can be misleading and may not reflect how most franchises perform. A
few very successful franchises could over inflate a number, while a few duds
could under value a number.
Gross sales
also do not tell us about a franchisee’s costs or profit. Many franchisors do
not have Net Profit information on their franchisees to share.
Geographic
relevance is important as earnings may vary with geography.
Franchisee’s
backgrounds are not disclosed and different franchisees are going to come from
a variety of educational and business backgrounds.
The success
or failure of some franchisees does not guarantee anything about your
performance.
Other items
in an FDD that you will want to pay attention to are the:
- Franchise Fee – what you invest for the brand, logos, training, systems, tools and processes.
- The Royalty – This is usually determined based on gross sales. In some industries the royalty fee can be as high as 30%. In the Senior Care Industry it is typically in the 4-8% range[1]
- Required Advertising Expenses – Most franchises will have local and national advertising requirements. Keep this in mind when looking at the royalty fee as some companies will tout a low royalty but have high national advertising fees. You want to grow your business anyway so don’t worry about local advertising requirements if it is only a couple percent of your gross sales as you are likely to spend that regardless of the requirement. National advertising is usually taken as a percentage of your gross sales and the franchisor typically decides where to spend the national ad fund.
- Item 7 cost ranges typically have a low and a high number. These numbers can vary greatly and don’t be afraid to have a discussion with the franchisor to find out what can impact those ranges. The senior care average is under $100,000[2]
While the
FDD is an important document that you should review in its entirety it is still
a document. Franchising is also very much a relationship. You will have
expectations of the franchisor and they will also have expectations for their
franchisees. Just like we said earlier in this paper, trust your gut, are you
confident in the support system that is in place along with the systems, tools
and process that are part of the franchise system? Are you comfortable with the
corporate culture of the organization along with the mission, vision and long
term goals?
The Franchise Education Process
The actual
process that a franchise uses to educate you about their system can vary but,
they often follow some version of this process.
- You may have scheduled phone calls with different people
- You may have scheduled calls with the same person
- You may attend a webinar or be sent a video
- Most franchise will hold an Open House or Discovery Day where you meet the corporate team in person. This day may vary significantly from franchise to franchise but it is a very important step to get a much better understanding of the franchise.
- The franchisor may have set times that you can talk to existing franchisees to ask them questions
- Territory review and analysis
- Pre signing review
- Signing of the franchise agreement
Hopefully
this paper is useful as you search for the right business opportunity to meet
your goals and achieve your dreams. Is there a franchise out there for you?
Well, as consumers we probably interact with a franchise virtually every day we
leave our house. According to a recent IFA report there are about 900,000
franchise businesses in the US. Franchises generate more than $1 trillion
dollars each year in retail sales (which is about 1 of every 3 retail dollars).
Franchises employ one out of every 17 people in the US workforce. So there is
likely something out there that you are passionate about.
About
the Author:
Dave VanderLinde Jr. has a Bachelor of Arts Degree in
Marketing from Michigan State University. He also obtained a Master’s Degree in
Business Administration that he obtained in 2002 while working in Silicon
Valley. Before entering the franchise world he was an international sales
manager supporting agents across Asia, Europe and South America. In 2011 Dave was awarded his CSA (Certified
Senior Advisor) certification. Dave is currently both a franchisee in the
Seniors Helping Seniors® Franchise system as well as a Regional Owner for
Seniors Helping Seniors responsible for franchise development in Michigan and
Northern Indiana along with the coaching of new franchise partners as they open
in his region. Seniors Helping Seniors currently has 13 franchises in this
region and approximately 200 across the country. They were ranked #164 by
Entrepreneur Magazine’s Entrepreneur 500 – Jan. 2012 issue. Ranked #44 in the
Top Fastest Growing Franchises in the country Feb 2012 issue. Expect to be
ranked #37 in the Top Home Based Franchises in the Country – April 2012 issue. info@shsmichigan.com www.homehealthcaregrandrapids.com/franchise
[1] Home
Care Franchise Fees from Franchise
Direct Average Royalty 4%, National Advertising 1.5% and Local Advertising
2.2%.
[2]
Franchise Business Review “Senior Care
and Home Health Care Franchises” Special Report December 2010.
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