Griswold Homecare Franchise FDD, Costs & Fees (2024)

KEY FRANCHISE STATS

All you need to know about this franchise in a snapshot

Initial franchise fee
$49,500
Investment required
$96,000 - $174,000
Royalty fee
4.00%

Griswold Home Care: Setting the Standard in Compassionate In-Home Care

Griswold Home Care is a pioneering franchise in the non-medical home care industry, founded in 1982 by Dr. Jean Griswold. The company is headquartered in Blue Bell, Pennsylvania, and began franchising just two years after its inception in 1984.

Griswold Home Care provides a range of non-medical services, including personal care, companionship, and respite care, aimed at helping the elderly, disabled adults, and those with illnesses remain in the comfort of their own homes.

What sets Griswold Home Care apart from its competitors is its legacy as one of the oldest and most respected brands in the industry. The franchise was the first to offer non-medical in-home care in the United States, establishing high standards that others have since followed.

This long-standing reputation, combined with a strong focus on compassionate care and community involvement, makes Griswold a trusted choice for families seeking reliable home care services.

Initial investment

Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.

Type of Expenditure Amount
Initial Franchise Fee $49,500 - $54,500
Living Expenses While Training $3,000 to $5,000
Office Lease $9,000 to $13,000
Office Equipment $2,500 to $4,000
First Year Computer Software Fee and Installation Fee $1,750
Signage $50 to $1,000
Opening Office Supplies and Inventory $50 to $750
Insurance (6 months of general liability and worker’s comp premiums) $3,800 to $4,800
Printed Materials and Shipping $1,200 to $1,800
License, Permit Registration or Certificate Costs $0 to $7,500
Additional Funds (6 months) $25,000 to $80,000
Total $95,850 to $174,100

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Number of units

2023
Franchised units

89

93

94

Company-owned units

14

15

16

Total units

103

108

110

Franchise Disclosure Document

Training 

Griswold Home Care provides a thorough and well-structured training program designed to equip franchisees with the essential skills and knowledge needed to successfully operate their franchise. The training is divided into several key components:

  1. Initial Training: Before opening their franchise, new owners participate in a comprehensive initial training program that lasts for about two weeks. This training covers various aspects of running the business, including operational procedures, caregiving techniques, customer service, and business management.
  2. Ongoing Support: After the initial training, Griswold Home Care provides continuous support through a variety of resources. Franchisees have access to a dedicated Director of Regional Support who offers guidance on marketing, operations, compliance, and sales.
  3. Home Care Academy: Griswold also offers a "Home Care Academy," which provides franchisees with ongoing education and resources. This includes interactive learning experiences that cover advanced topics in home care and business growth, ensuring that franchisees are always equipped with the latest tools and knowledge to succeed.

Territory Protection

Griswold Home Care franchise offers territory protection to its franchisees, ensuring that each franchisee has exclusive rights to operate within a designated geographic area.

This territory is carefully defined and is designed to provide ample market potential while preventing overlap with other Griswold franchises.  This protection helps franchisees build a strong presence in their local market without the concern of competition from within the same brand.

The specific boundaries and details of the protected territory are outlined in the Franchise Disclosure Document (FDD) and are tailored to maximize each franchisee's success.

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