Assisted Dwelling Locators Franchise Prices, Charges, Revenues, Income (2022 Evaluate)

On this unique Franchise Chatter FDD Speak put up, you’ll be taught the next:

Part I – Estimated preliminary funding (franchise prices) for an Assisted Dwelling Locators franchise, based mostly on Merchandise 7 of the corporate’s 2022 FDD

Part II – Preliminary franchise charge, royalty charge, and advertising and marketing charge for an Assisted Dwelling Locators franchise, based mostly on Objects 5 and 6 of the corporate’s 2022 FDD

Part III – Variety of franchised and company-owned Assisted Dwelling Locators retailers initially of the yr and the tip of the yr for 2019, 2020, and 2021, based mostly on Merchandise 20 of the corporate’s 2022 FDD

Part IV – Information updates on the Assisted Dwelling Locators franchise alternative

Part V – Presentation and evaluation of Assisted Dwelling Locators’ monetary efficiency representations (common revenues and/or income), based mostly on Merchandise 19 of the corporate’s 2022 FDD, together with data on the:

• 2021 common, median, highest, and lowest gross invoiced revenues, by quartile, for the 75 Assisted Dwelling Locators franchisees which were open and working for the whole 2021 calendar yr (excluding non permanent closures attributable to COVID-19) and been operated and managed by 1 or extra house owners of the franchise on a full-time foundation

• 2021 common, median, highest, and lowest gross collected revenues, by quartile, for the 75 Assisted Dwelling Locators franchisees which were open and working for the whole 2021 calendar yr (excluding non permanent closures attributable to COVID-19) and been operated and managed by 1 or extra house owners of the franchise on a full-time foundation

Part VI – Key ratios, comparables, computations, and analyses for the Assisted Dwelling Locators franchise alternative (unique content material for Platinum subscribers)

Part I – Assisted Dwelling Locators Franchise Prices

• Assisted Dwelling Locators franchise prices, based mostly on Merchandise 7 of the corporate’s 2022 FDD:

• Preliminary Franchise Payment:  $49,500
• Enterprise Set-Up Payment:  $10,000
• Meals, Lodging, and Journey (1 particular person whereas coaching):  $1,000 to $1,500
• Actual Property, Buildout, and Enhancements:  not relevant
• Furnishings and Furnishings (for residence workplace):  $0 to $500
• Expertise Programs:  $0 to $3,000
• Expertise Charges (pre-opening):  $495 to $844
• Advertising and marketing Charges (pre-opening):  $3,000
• Utility Deposits:  $0 to $300
• Licensed Senior Advisor (CSA) Certification Payment:  $990 to $1,090
• Dementia Care Certification Payment:  $0 to $125
• Enterprise Licenses:  $50 to $1,000
• Skilled Charges:  $300 to $3,000
• Automobile (title, registration, deposit, and three lease funds):  $0 to $5,000
• Automobile “Wraps” (non-obligatory):  $0 to $2,800
• Insurance coverage (12 months’ premium):  $1,700 to $2,600
• Further Funds (3 months):  $7,200 to $10,200
• Whole Estimated Assisted Dwelling Locators Franchise Prices:  $74,235 to $94,459

Part II – Assisted Dwelling Locators’ Preliminary Franchise Payment, Royalty Payment, and Advertising and marketing Payment

• Assisted Dwelling Locators’ preliminary franchise charge, royalty charge, and advertising and marketing charge, based mostly on Objects 5 and 6 of the corporate’s 2022 FDD:

• Preliminary Franchise Payment:  $49,500
• Royalty Payment:  better of (a) 8% of Gross Collected Revenues or (b) the minimal royalty charge (starting from $0 per thirty days for months 1 and a couple of, to $1,400 per thirty days for months 37 by finish of time period)
• Advertising and marketing Payment:  $1,000 per thirty days for 2nd by fifth full month after opening date, and $500 per thirty days for the rest of time period
• Model and System Improvement Fund Payment:  better of (a) 2% of Gross Collected Revenues or (b) the minimal model fund contribution ($300 per thirty days)

Part III – Variety of Franchised and Firm-Owned Assisted Dwelling Locators Shops

Franchised

2019

• Shops on the Begin of the Yr:  102
• Shops on the Finish of the Yr:  125
• Web Change:  +23

2020

• Shops on the Begin of the Yr:  125
• Shops on the Finish of the Yr:  129
• Web Change:  +4

2021

• Shops on the Begin of the Yr:  129
• Shops on the Finish of the Yr:  130
• Web Change:  +1

Firm-Owned

2019

• Shops on the Begin of the Yr:  3
• Shops on the Finish of the Yr:  3
• Web Change:  0

2020

• Shops on the Begin of the Yr:  3
• Shops on the Finish of the Yr:  6
• Web Change:  +3

2021

• Shops on the Begin of the Yr:  6
• Shops on the Finish of the Yr:  3
• Web Change:  -3

Part IV – Information Updates on the Assisted Dwelling Locators Franchise

Part V – Monetary Efficiency Representations (Common Revenues and/or Income) for the Assisted Dwelling Locators Franchise (Merchandise 19, 2022 FDD)

• The next presents sure monetary efficiency data for the 12-month time frame commencing January 1, 2021 and ending December 31, 2021 (the “Measuring Interval”) for every franchisee that met sure qualifying standards. The franchisor didn’t embody information for any Assisted Dwelling Locators Enterprise owned by the franchisor or its associates.

• In an effort to be included (a “qualifying franchisee”), the franchisee will need to have: (a) been open and working for the whole 2021 calendar yr (excluding non permanent closures attributable to COVID-19); and (b) been operated and managed by 1 or extra house owners of the franchise on a full-time foundation.

• The monetary efficiency illustration doesn’t embody information for any franchised retailers that aren’t managed by no less than 1 franchise proprietor on a full-time foundation (i.e., passive possession). Assisted Dwelling Locators now not permits passive possession below its present franchise mannequin.

• As of December 31, 2021, there have been 96 franchisees open and working (with a complete of 130 territories), and 75 of those franchisees are qualifying franchisees.

• Of the 96 franchisees that had been open as of December 31, 2021, 21 weren’t qualifying franchisees for the next causes:

• 13 franchisees had been excluded as a result of they weren’t open for the whole Measuring Interval (this doesn’t embody the franchisee that each opened and closed in 2021);
• 8 franchisees had been excluded attributable to passive possession (together with for enterprise causes or for well being causes precluding lively participation by the proprietor).

• There aren’t any materials variations between the operations of the Assisted Dwelling Locators Companies operated by the franchisees whose information has been included and the franchised enterprise provided below the Disclosure Doc.

• For functions of this monetary efficiency illustration, every franchisee is taken into account a separate “outlet,” though some franchisees function a number of territories (that means the reported revenues could also be larger than a franchisee working in a single territory). Some franchisees who personal and function a number of territories might focus their preliminary improvement on their major territory through the preliminary years of the franchise, with the consequence that the undeveloped territories might generate considerably decrease revenues.

• Of the 75 franchisees whose information was included, 23 franchisees function a number of territories.

• Within the monetary efficiency illustration, Assisted Dwelling Locators additionally broke down the outcomes by quartile. Quartile 1 (highest performers) included 18 retailers, Quartile 2 included 19 retailers, Quartile 3 included 19 retailers, and Quartile 4 included 19 retailers.

• Assisted Dwelling Locators allotted franchisees between the 4 Quartiles based mostly on Gross Invoiced Revenues (not Gross Collected Revenues). In some circumstances, a franchisee listed in a selected Quartile based mostly on Gross Invoiced Revenues would have been positioned in a distinct Quartile if the Quartiles had been measured based mostly on Gross Collected Revenues.

• “Gross Invoiced Revenues” means the full quantity of revenues invoiced, together with (a) quantities that weren’t collected through the calendar yr, or a discount in charge attributable to a short-term keep or move-out, (b) quantities that might not be collected attributable to a consumer’s demise or for every other purpose. The time period Gross Invoiced Revenues doesn’t embody any gross sales or use taxes. The whole quantity of Gross Collected Revenues could also be materially lower than the full quantity of Gross Invoiced Revenues.

• “Gross Collected Revenues” means all gross sums collected by the franchised Assisted Dwelling Locators Enterprise, akin to revenues from the sale or provision of products or companies, proceeds from enterprise interruption insurance coverage, and referral charges collected, together with referral charges paid by Referral Sources, Senior Care Suppliers, different Assisted Dwelling Locators Companies (akin to charge splits below Assisted Dwelling Locators’ Referral Program), or Assisted Dwelling Locators (akin to charge splits regarding a Regional Account).

• Gross Collected Revenues contains any Gross Collected Referral Proceeds. With respect to charges generated by Assisted Dwelling Locators’ Referral Program, Gross Collected Revenues solely contains the franchisee’s share of the location charge collected by the franchisee.

• Gross Collected Revenues excludes the next quantities:

• any referral charge the franchisee pays Assisted Dwelling Locators for a Company Lead;
• any placement charge the franchisee collects however pays to a different Assisted Dwelling Locators Enterprise below Assisted Dwelling Locators’ Referral Program;
• any gross sales or use tax the franchisee collects and pays to the relevant taxing authority;
• the wholesale worth paid by the franchisee for any merchandise or different retail gadgets that it sells (Gross Collected Revenues contains the distinction between the retail worth acquired from the sale of the merchandise and the wholesale worth that the franchisee paid for the merchandise).

• The next desk presents the Gross Invoiced Revenues generated throughout 2021 by the qualifying franchisees described above:

Half 1 – 2021 Gross Invoiced Revenues

Quartile 1 (18 franchisees)

• Lowest:  $165,194
• Highest:  $900,539
• Median:  $314,115
• Common:  $375,845
• Quantity and P.c That Achieved/Surpassed Common:  8 of 18 (44.4%)
• Common Gross Revenues Per Territory:  $250,564

Quartile 2 (19 franchisees)

• Lowest:  $109,379
• Highest:  $162,290
• Median:  $138,485
• Common:  $137,430
• Quantity and P.c That Achieved/Surpassed Common:  10 of 19 (52.6%)
• Common Gross Revenues Per Territory:  $100,429

Quartile 3 (19 franchisees)

• Lowest:  $70,246
• Highest:  $105,221
• Median:  $83,851
• Common:  $84,399
• Quantity and P.c That Achieved/Surpassed Common:  8 of 19 (42.1%)
• Common Gross Revenues Per Territory:  $61,676

Quartile 4 (19 franchisees)

• Lowest:  $2,118
• Highest:  $68,713
• Median:  $43,552
• Common:  $38,944
• Quantity and P.c That Achieved/Surpassed Common:  12 of 19 (63.2%)
• Common Gross Revenues Per Territory:  $33,633

All (75 franchisees)

• Lowest:  $2,118
• Highest:  $900,539
• Median:  $105,221
• Common:  $156,265
• Quantity and P.c That Achieved/Surpassed Common:  21 of 75 (28%)
• Common Gross Revenues Per Territory:  $116,039

Half 2 – 2021 Gross Collected Revenues

• The next desk presents the Gross Collected Revenues generated throughout 2021 by the qualifying franchisees described above:

Quartile 1 (18 franchisees)

• Lowest:  $128,311
• Highest:  $709,446
• Median:  $256,727
• Common:  $303,237
• Quantity and P.c That Achieved/Surpassed Common:  7 of 18 (38.9%)
• Common Gross Revenues Per Territory:  $202,158

Quartile 2 (19 franchisees)

• Lowest:  $99,069
• Highest:  $151,678
• Median:  $119,916
• Common:  $121,561
• Quantity and P.c That Achieved/Surpassed Common:  9 of 19 (47.4%)
• Common Gross Revenues Per Territory:  $88,833

Quartile 3 (19 franchisees)

• Lowest:  $52,941
• Highest:  $105,707
• Median:  $72,080
• Common:  $71,194
• Quantity and P.c That Achieved/Surpassed Common:  10 of 19 (52.6%)
• Common Gross Revenues Per Territory:  $52,026

Quartile 4 (19 franchisees)

• Lowest:  $2,118
• Highest:  $65,707
• Median:  $39,640
• Common:  $33,515
• Quantity and P.c That Achieved/Surpassed Common:  11 of 19 (57.9%)
• Common Gross Revenues Per Territory:  $28,945

All (75 franchisees)

• Lowest:  $2,118
• Highest:  $709,446
• Median:  $94,438
• Common:  $130,099
• Quantity and P.c That Achieved/Surpassed Common:  22 of 75 (29.3%)
• Common Gross Revenues Per Territory:  $96,608

• In making the above monetary efficiency illustration, Assisted Dwelling Locators has relied upon reviews submitted to it by its franchisees. Neither Assisted Dwelling Locators nor any unbiased licensed public accountant has independently audited or verified the knowledge.

• The monetary efficiency illustration doesn’t embody any expense data. As a franchisee, you’ll incur a wide range of bills, akin to payroll bills (if in case you have staff or unbiased contractors), advertising and marketing bills, fuel, car bills, utilities, in addition to the preliminary and ongoing charges imposed below the Franchise Settlement.

• Some Assisted Dwelling Locators companies have earned this quantity. Your particular person outcomes might differ. There isn’t any assurance that you’ll earn as a lot.

Part VI – Assisted Dwelling Locators Franchise Ratios, Comparables, Computations, and Analyses (Unique Content material for Platinum Subscribers) ⬇️