Franchise Deep Dive: Seniors Helping Seniors Franchise Costs, Fees, Profit and Data

LAST UPDATED: July 2024

FRANCHISE WEBSITE: https://seniorshelpingseniorsfranchise.com/ 

NUMBER OF LOCATIONS: 200+

REPORTED COST TO GET IN: $82,240 and $144,390. 

REPORTED ROI (Item 19): $727,253 

Seniors Helping Seniors is an in-home care franchise system that provides a wide range of care services by hiring active seniors to care for their less-active counterparts. The franchise aligns caregivers and care recipients based on their abilities and needs, offering a wide range of care services.

How Many Seniors Helping Seniors Locations Are There?

Seniors Helping Seniors was founded by Kiran and Philip Yocom. Kiran, who grew up in India, worked alongside Mother Teresa to advance humanitarian efforts before moving to the United States in 1995. After getting married, the couple felt inspired to provide compassionate care to seniors and foster an exchange of gifts across generations. 

They established Seniors Helping Seniors in-home services in 1998 and began franchising the brand in 2006. Since its founding, the network has grown significantly, now boasting over 200 locations with 125 franchise partners across more than 30 states and international markets. 

What Is the Seniors Helping Seniors Business Model?

The brand’s business model is centered around providing in-home care services by employing mature adults as caregivers. This unique approach offers several benefits:

Mission-Based Franchise: The franchise is driven by a mission to help seniors live independently at home while providing meaningful employment opportunities for active seniors.

Caregiver Employment: The franchise hires some active seniors as caregivers, matching them with clients who need assistance. This peer-to-peer care model helps create a life-affirming connection and companionship that enhances the quality of life for both caregivers and recipients.

Franchise Support: Franchise partners receive comprehensive training and support, including access to a proven system of processes, resources and tools. This support ensures that franchisees are well-equipped to run their businesses successfully.

Community Impact: The franchise model aims to transform the lives of seniors in the community by providing them with the support they need to live independently, while also offering a rewarding alternative for those looking to continue working beyond the traditional retirement age.

How Much Can Seniors Helping Seniors Franchise Owners Make?

According to Seniors Helping Seniors’ 2023 franchise disclosure document, the average annual revenue in 2022 was $727,253. 

How Much Does It Cost to Open a Seniors Helping Seniors?

Prospective franchisees need to have $100,000 in liquid assets and a net worth of $250,000. The initial investment for the first year ranges from $82,240 to $144,390.

What is the Franchise Fee for Seniors Helping Seniors?

The franchise fee is $50,000.

Who is the Leadership of Seniors Helping Seniors?

• Kiran Yocom - Chairwoman
• Philip Yocom - CEO
• Namrata Yocom-Jan - President
• Daniel Jan - COO
• Howard Algeo - Director of Business Development and Training
• Robert Hendel - Accounting Administrator
• Stephen Bon - Director of Marketing

What Helpful Articles Can I Read to Learn More? 

• From Corporate Finance to Community Care: Seniors Helping Seniors Franchisee Plans to Make A Difference
• From Social Work and Telecommunications to Franchising with Seniors Helping Seniors
• Mother Teresa Inspired Seniors Helping Seniors Founder
• Seniors Helping Seniors: A Franchise with a Saintly Legacy
• Seniors Helping Seniors® Celebrates 10 Years!

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