Griswold Franchise, 2024 Cost & Fees- SkillsAndTech

It may be time to become your boss and start your franchise business. Have you ever wanted to own your own business? Be your boss? Are you looking for a franchise in the USA?

As a franchise owner, you can improve your work-life balance, set your hours, have greater control of your day-to-day responsibilities, and build a flexible career around your lifestyle requirements. Is it time to be your boss? There’s no better way to take control of your life and start your own business in this sector than to own this franchise.

The franchise is right for you. To know about how you can get a franchise, in the following paragraph. You can see the cost and profit you can make through the franchise. You can even learn about the requirements that are needed for a franchise.

Wiki

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Griswold is a home care company that services elderly, disabled, and sick persons. Through the franchise’s services, people can remain in their homes with quality aid, and franchise owners reap the benefits of owning a business that makes a difference. Griswold was one of the country’s first non-medical home care franchises and continues to grow as a top brand in the $97 billion industry. Its top competitors include Home Instead Senior Care, Visiting Angels, and Synergy HomeCare.

Who Is Griswold Home Care?

Griswold Home Care is the first non-medical home care franchise in the United States. Founded by Jean Griswold in 1982 after she realized a lack of care and resources available to many seniors and adults with disabilities, we’ve grown into one of the most respected and successful franchise systems in the country.

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Jean’s legacy of empathy and compassion is at the heart of who we are today. Our franchise owners are among the longest-tenured and highest-performing in our industry. The American Association of Franchisees and Dealers named Griswold Home Care the Franchisor of the Year in 2017 and 2019.

Benefits

Brand Recognition
Low Cost of Entry
Support from an Expert Team
Reduced Risk for Startups
A Vibrant And Growing Industry

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Financial Assistance

We work with several third-party financial institutions that may be able to assist you with your financing needs.

Cost/ Investment / Price / Fee

The estimated total investment necessary to begin the operation of a Griswold franchise ranges between $95,850 – $174,100. Item 7 from the brand’s 2022 FDD details the itemized figures involved with those costs:

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Living Expenses While Training: $3,000 – $5,000
Office Lease: $9,000 – $13,000
Office Equipment: $2,500 – $4,000
First Year Computer Software Fee and Installation Fee: $1,750
Signage: $50 – $1,000
Opening Office Supplies and Inventory: $50 – $750
Insurance: $3,800 – $4,800
Printed Materials and Shipping: $1,200 – $1,800
License, Permit Registration or Certificate Costs: $0 – $7,500
Additional Funds (6 months): $25,000 – $80,000

Ongoing Costs and Fees include:

Royalty Fee: 4% of gross sales
Ad Royalty Fee: 0.5% of gross sales

What Are The Financial Requirements?

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To become a Griswold Home Care franchise owner, you must demonstrate minimum liquid capital of $75,000 to $100,000 and a minimum net worth of $350,000. Fluid requirements are included in the Net Worth requirements, not in addition.

Is There A Monthly Royalty Fee?

Yes. This fee is 4%. See item 6 of our current Franchise Disclosure Document for more insight.

What Services Do You Provide?

Griswold Home Care provides important services that seniors, disabled adults, and those with illnesses need to remain independent, active, and healthy at home. These include:

Homemaking care
Personal care
Companion care
Respite care
Live-in and overnight care
Hospice support

Becoming part of the Griswold franchisee family will make you a valuable resource in your community.

Requirements

Legal to work in the USA
Ability to speak and understand English
Have all Legal documents
No criminal record

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Do I Need Industry Experience?

No specific industry experience is necessary to become a franchisee! However, we want all candidates to demonstrate a proven track record of leadership experience, possess an entrepreneurial spirit, manage people while building a Griswold culture, and be willing to follow our proven business model.

How Large A Space Will I Need?

We only require that you have an office. The rest is up to you. We’re always here to answer any questions you might have on this matter and provide advice on what area may be best for your business.

How Many Employees Will I Need?

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This will depend on the number of clients you’re helping. To start, you’ll only need a few caregivers, a full-time marketer, or a care coordinator to help you get your business rolling. As you grow, you’ll need to hire accordingly. Our team can help you hire the best caregivers during your training session. We’ll also help you scale your business smartly, enabling you to hire more employees and take on more jobs.

How Much Money Can I Make With A Griswold Franchise

We encourage prospective franchisees to conduct significant due diligence during the discovery process and contact existing franchisees with questions on marketing, finances, sales volumes, operations, etc. The amount of profit or loss depends on several factors, including the ability of the franchisee to manage the business, drive sales volume, and control operating costs.

Do You Offer Training And Support?

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There’s a good reason why Griswold Home Care is a leader in our industry. Our team works tirelessly to make sure our franchisees meet with success from the moment they sign the franchise agreement. We offer extensive training and support to help you launch your business, including two weeks of owner training, field support for your grand opening, and ongoing training and support for you and your staff.

We also offer tips for hiring the best employees, making more sales, and building a solid referral base of customers. You are in business for yourself, but not by yourself!

How to Apply For Griswold Franchise

First, you must fill out the form to get the franchise. Then the company officials will contact you for further details. After that, you can open this franchise.

Apply Here

Contact details

Website

https://www.griswoldhomecare.com/

Conclusion

So far, we have shared the basics for this franchise. It is the most profitable franchise. You will never doubt your decision to start this franchise. Go ahead and achieve your goal. If you find more information, please share it with us. Share your thoughts, and we will contact you with new franchises and opportunities. Stay Tuned for more franchises. Thank you

FAQ (Frequently Asked Question)

Is Griswold Franchise profitable or not?

Ans: It is a fast-moving product with fewer margins, but your sales need to be lowered. So, you can make more profit from this business.

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How much does it cost to open Griswold Franchise?

Ours is a low-cost investment opportunity with the potential for high rewards. Franchise fees for your first territory will range from $49,500 to $54,500, depending on the size of the territory you purchase. Your total initial investment will range between $95,850 and $174,100.

Is Griswold a Franchise?

Yes, it’s a franchise.

Why Is Griswold Home Care A Great Fit For Veterans?

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Being successful as a Griswold Home Care franchisee requires an ability to follow procedures, systems, and processes. Veterans are uniquely qualified in this way. They also generally desire to help others and make a difference in their communities. All of these qualities are at the heart of who we are. With a proven business model and extensive training and support, we are an excellent fit for honorably discharged veterans looking to open their businesses. They can also receive a 20% discount on their first franchise fee.

Disclaimer: The information in this article, like investment, may vary from place to place, so we are not sure about the investment part and other parts.

If you need help from our team, please fill out the contact form. Our team will contact you soon. And if you like this post, then please share it.

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Griswold Franchise