SeniorCare Companions franchise
2024 filing · May 22, 2024
SeniorCare Companions at a glance
A non-medical home care service providing personal care, companionship, meals and light housekeeping for seniors. At the end of 2023 there were 1 SeniorCare Companions locations in the US, all company-owned.
The business
- Industry
- Home care and senior care
- Franchisor
- SeniorCare Companions Holding LLC
- The company that sells the franchises
- Franchisor based in
- Islip, New York
What you pay
- Cost to open
- $53K–$75K
- Fee, build-out and opening working capital
- Franchise fee
- $30,000
- Paid once, when you sign
- Royalty
- 5% + minimum
- The greater of 5% of gross revenue or a weekly minimum, paid weekly, plus a 1% administrative services fee
- Brand fund
- 1%
- 1% of gross revenue
- Renewal fee
- $5,000
- When the agreement ends and you sign again
- Agreement length
- 10 years
- Territory
- Limited
- Limited protection
- Franchisor financing
- None offered
Where it is
- US locations, 2023
- 1
- Franchised and company-owned
- Franchised
- 0
- Company-owned
- 1
- States
- 1
- Most in New York
From SeniorCare Companions Holding LLC’s 2024 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
SeniorCare Companions among all franchises with the same figure.
| Figure | SeniorCare Companions | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $64,000 | Costs less than 95% of franchises |
| Franchise feePaid once, when you sign | $30,000 | Lower than 72% of franchises |
| RoyaltyShare of sales paid to the franchisor | 5% | Lower than 69% of brands with a set rate |
| US locationsFranchised and company-owned | 1 | Fewer than 88% of franchises |
How much a SeniorCare Companions franchise costs
Opening one SeniorCare Companions costs an estimated $52,900 to $75,100. That covers the franchise fee and everything else needed to open, through the first months of working capital. It is one of the low-cost franchises.
The biggest costs are initial franchise fee ($30,000) and additional funds - [3 months] ($10,000 to $20,000). Here is every line of the estimate as filed:
| What it pays for | Range | Low | High |
|---|---|---|---|
| Initial Franchise Fee | $30,000 | ||
| Leasehold Improvements and Signs | $0 | $2,500 | |
| Equipment and Supplies | $1,000 | $1,500 | |
| Technology/Management Systems | $2,000 | $3,000 | |
| Start-Up Marketing | $2,500 | $5,000 | |
| Insurance | $5,000 | $6,000 | |
| Professional Fees | $1,000 | $2,000 | |
| Licenses/Bonds | $500 | $1,000 | |
| Lease Deposits | $0 | $1,000 | |
| Other Deposits | $0 | $500 | |
| Your Out-of-Pocket Expenses While Attending Training | $900 | $2,600 | |
| Additional Funds - [3 months] | $10,000 | $20,000 | |
| Total | $52,900 | $75,100 | |
Source: SeniorCare Companions Holding LLC, 2024 filing, page 11
SeniorCare Companions franchise fee
The franchise fee is $30,000. You pay it when you sign the franchise agreement.
Source: SeniorCare Companions Holding LLC, 2024 filing, page 9
Royalty and ongoing fees
| Royalty | The greater of 5% of gross revenue or a weekly minimum, paid weekly, plus a 1% administrative services fee. |
|---|---|
| Brand or marketing fund | 1% of gross revenue. |
| Renewal Franchise Fee | $5,000 |
| Additional Ongoing Required Training Fees | Up to $500 per day per person trained |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: SeniorCare Companions Holding LLC, 2024 filing, pages 9 and 10
Other fees as filed, from page 10. The filing lists every fee, including late fees and audit costs.
Sales and earnings
No figures SeniorCare Companions does not share sales or profit figures for its locations. Talking to current and former franchise owners is the usual way to learn what a location earns.
Source: SeniorCare Companions Holding LLC, 2024 filing, page 30
How SeniorCare Companions compares
Of the 73 home care franchises on this site, SeniorCare Companions is the 4th cheapest to open and the 67th largest by number of locations.
| Figure | SeniorCare Companions | Typical home care brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $53K | $100K | $222K |
| Cost to open, high end | $75K | $175K | $477K |
| Franchise fee | $30K | $50K | $40K |
| Royalty | 5% | 5% | 6% |
| Brand fund | 1% | 1% | 2% |
| US locations | 1 | 25 | 21 |
| Shares earnings figures | No | 61 of 73 | 2,147 of 3,352 |
Typical is the median across the 73 brands in home care and senior care franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned |
|---|---|---|
| 2021 | 0 (0) | 1 |
| 2022 | 0 (0) | 1 |
| 2023 | 0 (0) | 1 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: home care franchise costs and franchise failure rates.
Source: SeniorCare Companions Holding LLC, 2024 filing, page 31
Where SeniorCare Companions locations are
At the end of 2023, SeniorCare Companions had locations in 1 state. The most are in New York.
- New York1
| State | Franchised | Company-owned | Total |
|---|---|---|---|
| New York | 0 | 1 | 1 |
Source: SeniorCare Companions Holding LLC, 2024 filing, page 32
Who owns SeniorCare Companions?
SeniorCare Companions franchises are sold by SeniorCare Companions Holding LLC.
From SeniorCare Companions Holding LLC’s 2024 filing.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | None. The filing says no litigation has to be disclosed. |
|---|---|
| Bankruptcy | None. The filing says no bankruptcy has to be disclosed. |
Franchisors must disclose lawsuits and bankruptcies involving the company, its parents and affiliates, and its executives. Many cases are routine disputes with franchisees over fees or contracts; read the descriptions in the filing and ask current owners about anything that worries you.
Source: SeniorCare Companions Holding LLC, 2024 filing, litigation on page 9, bankruptcy on page 9
SeniorCare Companions filings
The figures on this page come from SeniorCare Companions Holding LLC’s 2024 filing, issued May 22, 2024, on record with the NASAA Electronic Filing Depository.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2024 filing | May 22, 2024 | NASAA depository | Costs, fees and locations, 2021–2023 |
Each link opens the filing as a PDF. See the newest filings across all brands.
