In this exclusive Franchise Chatter FDD Talk post, you’ll learn the following:

Section I – Estimated initial investment (franchise costs) for an Amada Senior Care franchise, based on Item 7 of the company’s 2024 FDD

Section II – Initial franchise fee, royalty fee, and marketing fee for an Amada Senior Care franchise, based on Items 5 and 6 of the company’s 2024 FDD

Section III – Number of franchised and company-owned Amada Senior Care outlets at the start of the year and the end of the year for 2021, 2022, and 2023, based on Item 20 of the company’s 2024 FDD

Section IV – News updates on the Amada Senior Care franchise opportunity

Section V – Presentation and analysis of Amada Senior Care’s financial performance representations (average revenues and/or profits), based on Item 19 of the company’s 2024 FDD, including information on the:

• 2021, 2022, and 2023 average, median, highest, and lowest gross billings for the Amada Senior Care franchised outlets that operated for the full applicable calendar year

• 2021, 2022, and 2023 average, median, highest, and lowest gross billings for the Amada Senior Care franchisee ownership groups with at least one outlet operating for the full applicable calendar year

• year 1, year 2, and year 3 average, median, highest, and lowest gross billings for the Amada Senior Care franchisees who have been open at least one full calendar year from Amada Senior Care’s inception in 2012 through 2023, during their first full calendar year, their second full calendar year, and their third full calendar year

• 2021, 2022, and 2023 average revenue stream per payor source reported by all Amada Senior Care franchisees

• 2018, 2019, 2020, 2021, 2022, and 2023 systemwide revenue for the Amada Senior Care franchisees who were open during the full calendar year

Section VI – Key ratios, comparables, computations, and analyses for the Amada Senior Care franchise opportunity (exclusive content for Platinum subscribers)

Section I – Amada Senior Care Franchise Costs

• Initial Franchise Fee:  $55,000
• Lease or Rent:  $4,000 to $4,500
• Utility Deposits:  $750 to $1,200
• Furniture, Office Equipment, and Supplies:  $2,500 to $6,000
• Vehicle:  $0 to $3,300
• Vehicle Wrap (Optional):  $0 to $3,800
• Required Technology:  $2,740 to $8,865
• Initial Training:  $2,000 to $9,000
• Grand Opening Advertising:  $1,500
• Marketing Materials and Business Development:  $4,500 to $7,500
• Insurance Excluding Workers’ Compensation Insurance:  $375 to $750
• Workers’ Compensation Insurance:  $250 to $2,125
• Legal and Accounting Fees:  $1,500 to $5,000
• Licenses and Permits:  $1,650 to $13,000
• Loan Packaging Fee:  $0 to $6,500
• Wages and Compensation:  $0 to $70,000
• Additional Funds for 3 Months:  $40,000 to $80,000
• Total Estimated Amada Senior Care Franchise Costs:  $116,765 to $278,040

Section II – Amada Senior Care’s Initial Franchise Fee, Royalty Fee, and Marketing Fee

• Initial Franchise Fee:  $55,000

• Royalty Fee for Senior Care, Skilled Care, Administration Services, and Staffing Services Accounts:  the greater of the Minimum Royalty Fee or 5% of monthly Gross Billings for Senior Care, Skilled Care, Administration Services, and Staffing Services Accounts

• Royalty Fee for National Accounts:  6% of monthly Gross Billings generated from National Accounts

• Senior Placement Fee:  10% of commission received for senior placement or 15% of commission received for senior placement for National Accounts

• Advertising Fund:  1% of Gross Billings for the previous month; 0.25% of Gross Billings for Skilled Care services for the previous month

Section III – Number of Franchised and Company-Owned Amada Senior Care Outlets

Franchised

2021

• Outlets at the Start of the Year:  136
• Outlets at the End of the Year:  149
• Net Change:  +13

2022

• Outlets at the Start of the Year:  149
• Outlets at the End of the Year:  160
• Net Change:  +11

2023

• Outlets at the Start of the Year:  160
• Outlets at the End of the Year:  176
• Net Change:  +16

Company-Owned

2021

• Outlets at the Start of the Year:  1
• Outlets at the End of the Year:  1
• Net Change:  0

2022

• Outlets at the Start of the Year:  1
• Outlets at the End of the Year:  1
• Net Change:  0

2023

• Outlets at the Start of the Year:  1
• Outlets at the End of the Year:  1
• Net Change:  0

Section IV – News Updates on the Amada Senior Care Franchise

Section V – Financial Performance Representations (Average Revenues and/or Profits) for the Amada Senior Care Franchise (Item 19, 2024 FDD)

• The following historical financial performance representations are based on the past performance of the System’s existing franchised outlets. As of December 31, 2023, there were 176 franchised Amada Senior Care businesses.

• The data in the tables below is based on Gross Billings reported by franchised outlets on a calendar year basis. For example, if an outlet opened in November of 2020, its first full calendar year would have been January 1, 2021 to December 31, 2021. Its second full calendar year would have been January 1, 2022 to December 31, 2022. And so on.

Part 1 – Gross Billings From Franchised Outlets Open for Full Calendar Year

• The following table reflects the Gross Billings data, by territory, reported by Amada Senior Care’s franchised outlets that operated for the full calendar year for the most recent 3 years.

2021

• Count:  81
• Average:  $1,447,890
• Median:  $1,135,292
• Max:  $10,534,850
• Min:  $4,646
• Number Above Average:  31
• Percentage Above Average:  38.3%

2022

• Count:  115
• Average:  $1,304,921
• Median:  $939,244
• Max:  $10,553,726
• Min:  $1,056
• Number Above Average:  44
• Percentage Above Average:  38.3%

2023

• Count:  133
• Average:  $1,396,199
• Median:  $1,011,449
• Max:  $8,670,849
• Min:  $37,678
• Number Above Average:  49
• Percentage Above Average:  36.8%

• This table does not include data for outlets that operated during the year but for less than the full calendar year. There were 31 such outlets in 2021, 18 in 2022, and 16 in 2023.

Part 2 – Gross Billings From Franchisee Ownership Groups With at Least One Outlet Open for Full Calendar Year

• The following table reflects the Gross Billings data, by franchisee ownership group, reported by Amada Senior Care’s franchisees with at least one outlet operating for the full calendar year, including data for all outlets owned by the ownership group:

2021

• Count:  84
• Average:  $1,475,869
• Median:  $1,105,608
• Max:  $11,709,823
• Min:  $14,433
• Number Above Average:  33
• Percentage Above Average:  39.3%

2022

• Count:  86
• Average:  $1,760,256
• Median:  $1,356,437
• Max:  $11,344,061
• Min:  $61,289
• Number Above Average:  30
• Percentage Above Average:  34.9%

2023

• Count:  96
• Average:  $1,952,613
• Median:  $1,570,372
• Max:  $8,670,850
• Min:  $108,756
• Number Above Average:  34
• Percentage Above Average:  35.4%

Part 3 – First Full Calendar Year 2012-2023

• The following table reflects the Gross Billings data reported by all of Amada Senior Care’s franchisees who have been open at least one full calendar year from Amada Senior Care’s inception in 2012 through 2023, during their first full calendar year (YR 1), their second full calendar year (YR 2), and their third full calendar year (YR 3):

YR 1

• Count:  168
• Average:  $523,756
• Median:  $391,774
• High:  $3,455,247
• Low:  $32,783
• Number Above Average:  62
• Percentage Above Average:  37%

YR 2

• Count:  135
• Average:  $914,056
• Median:  $759,266
• High:  $3,952,751
• Low:  $114,344
• Number Above Average:  51
• Percentage Above Average:  38%

YR 3

• Count:  91
• Average:  $1,209,861
• Median:  $1,009,813
• High:  $4,761,934
• Low:  $190,503
• Number Above Average:  37
• Percentage Above Average:  41%

Part 4 – Revenue Stream by Payor Source

• The following tables reflect the Gross Billings data reported by all of Amada Senior Care’s franchisees for 2021, 2022, and 2023, by payor source.

2021

• Private Pay:  $87,750,691 (61.1%)
• Strategic (LTC Ins.):  $41,415,578 (28.8%)
• Staffing:  $4,972,435 (3.5%)
• Placements/Other:  $503,500 (0.4%)
• Medicaid:  $2,668,114 (1.9%)
• VA:  $6,327,239 (4.4%)
• Total:  $143,637,557 (100.0%)

2022

• Private Pay:  $100,256,180 (61.0%)
• Strategic (LTC Ins.):  $46,164,728 (28.1%)
• Staffing:  $5,068,064 (3.1%)
• Placements/Other:  $634,310 (0.4%)
• Medicaid:  $4,243,151 (2.6%)
• VA:  $8,063,085 (4.9%)
• Total:  $164,429,518 (100.0%)

2023

• Private Pay:  $97,395,736 (49.7%)
• Strategic (LTC Ins.):  $64,697,729 (33.0%)
• Staffing:  $1,599,162 (0.8%)
• Placements/Other:  $977,905 (0.5%)
• Medicaid:  $8,425,282 (4.3%)
• VA:  $22,980,428 (11.7%)
• Total:  $196,076,242 (100.0%)

• There were 154 franchisees generating revenue in 2021, 158 in 2022, and 166 in 2023.

Part 5 – Systemwide Revenue by Calendar Year

• The following table reflects the Gross Billing data reported by all of Amada Senior Care’s franchisees who were open during the full calendar year in 2018, 2019, 2020, 2021, 2022, and 2023:

• 2018 (89 outlets):  $70,948,908
• 2019 (97 outlets):  $97,020,288
• 2020 (117 outlets):  $118,797,937
• 2021 (140 outlets):  $143,637,557
• 2022 (157 outlets):  $164,429,518
• 2023 (165 outlets):  $196,076,244

• Some Amada Senior Care Businesses have earned this amount. Your individual results may differ. There is no assurance that you’ll earn as much.

Section VI – Amada Senior Care Franchise Ratios, Comparables, Computations, and Analyses (Exclusive Content for Platinum Subscribers) ⬇️