What Are My Startup Costs?
Griswold is an affordable and authentic non-medical home care franchise opportunity.
As the nation’s first non-medical home care franchise, Griswold has more than three decades of excellence and a bright future ahead. Led by a passionate executive team who truly cares about franchisees’ success, Griswold is designed to scale easily, be simple to run, and be a joy to own. With exceptional initial and ongoing training and support in place, plus 21st-century tools to help you grow, Griswold offers a fast ramp-up time and a firm commitment that you will never be alone in your business.
Griswold is a low-cost investment opportunity with potential for high returns. The total investment estimate to begin operations ranges from $175,500 to $209,900. Griswold Home Care’s 35 years of excellence in delivering home care to seniors and other adults with disabilities, illnesses, or injuries helps guide our proven business model and make us a best-bet investment opportunity in the booming home care market. The franchise fee for your first territory ranges from $49,500 to $54,500, depending on your territory size.
Here’s our FDD Item 7, which details the specific startup costs of our franchise offering:
|Type of Expenditure||Amount||Method of Payment||When Due||To Whom Payment is Made|
|Initial Franchise Fee||$49,500||Your choice of bank check, money order or wire transfer||At Signing of Franchise Agreement||GHC|
|Initial Training Fee||$0||N/A||N/A||N/A|
|Living Expenses While Training||$1,800 - $3,000||As incurred||As incurred||Third Parties|
|Local Lift-Off Program||$12,500||Your choice of bank check, money order or wire transfer||At signing of Franchise Agreement||GHC|
|Office Lease||$3,750 - $5,000||Per lease agreement||As arranged||Lessor|
|Office Equipment||$2,500 - $4,000||As arranged||As arranged||Third Parties|
|First Year Computer Software Fee and installation fee||$1,750||Your choice of bank check, money order or wire transfer||Two Weeks prior to attending HomeCare Academy||GHC|
|Signage||$50 - $1,000||As arranged||As arranged||Third Parties|
|Opening Office Supplies and inventory||$50 - $750||N/A||As arranged||Third Parties|
|Insurance (Three months of premiums excluding workers comp)||$2,400 - $3,600||Varies||As arranged||Third Parties|
|Printed Materials and Shipping||$1,200 - $1,800||As arranged||As arranged||Third Parties|
|LIcense, permit registration or certificate costs||$0 - $2,000||As arranged||Every one to three years||State and/or local regulatory authorities|
|Additional Funds (12 to 18 months)||$100,000 - $125,000||As incurred||As Incurred||Working Capital: Employees, suppliers, utilities, etc|
|TOTAL:||$175,500 - $209,900|
To learn more about your specific market and startup costs, please complete the form on this page and we’ll start up a conversation with you about Griswold franchise ownership.