What are the advantages of becoming a Silver Treasures franchisee?
Silver Treasures Senior Living,LLC will train each franchisee and/or the franchisee’s Administrator, if not the franchisee or partner (an Administrator is a state-certified credential, and a certified Administrator is for the ALF operating permit). The franchisee training will take place over two weeks at our headquarters near Jacksonville, Florida, and will include both interactive classroom time and genuine hands-on experience at our affiliated ALFs.
We have partnerships with industry trainers in order to provide state-required training to your staff and a unique training program for inspections that will help keep your compliance record spotless.
Franchisees will also receive on-site help at their new community to prepare the business for its opening.
Perhaps the most important part is that you will become part of a network of high-quality operators and receive ongoing news and training to keep you at the forefront of this fast-changing industry.
How much does the franchise cost?
The franchise fee is $65,000. The cost to build your community using Silver Treasures Senior Living,LLC’s innovative format, is based on the design chosen, land cost, and options which range from 1.5 to 8 million. The experienced real estate development team at Silver Treasures Senior Living,LLC will work with you every step of the way in selecting your location and building your community.
How much are the ongoing fees?
Franchisees pay a monthly royalty fee of 6.5% on all revenues to the franchisor. Franchisees also pay 1% of revenues to a franchise advertising fund, which buys regional or national advertising and supports new franchise openings. Franchisees are required to spend 1.5% of gross revenues on advertising in their own market area.
What is the term of the franchise agreement?
The term of your franchise agreement is ten years and is renewable by mutual agreement. The terms of the renewal may be different from the terms of the original franchise agreement.
What type of prior experience do I need to have?
Most of our franchisees do not have any experience in the senior care industry, although many are involved in arranging care for older family members. What’s more important is that you have a record of business success, have worked in “people” businesses, have built and managed teams of employees, and are a hands-on owner.
The operation of an ALF works very effectively as a husband-and-wife, life partners, family members, former executive directors, and directors of nursing. Experience and training in health care, marketing, and human resources are a plus.
We will teach and provide you with the skills and give you all the tools needed to be a success. You will bring dedication, work ethic, and determination.
How do I start?
Call us at 904-887-5914 or 1-800-680-8052, and let’s talk. We will invite you to our headquarters to meet with the owners and franchise staff and tour our own assisted living facilities in the immediate area.