Start-Up Costs and Fees |
||
| Aging Excellence | Majestic Residences | |
| Investment | 33700 - 51200 | 108090 - 860400 |
| Franchise Fee | ||
| Royalty Fee | 5% | 6% |
| Advertising Fee | ||
| Year Founded | 1999 | 2020 |
| Year Franchised | 2003 | 2020 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Aging Excellence | Majestic Residences | |
| Experience | ||
Financing Options |
||
| Aging Excellence | Majestic Residences | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Aging Excellence | Majestic Residences | |
| Training | * Available at headquarters: 1 week * At franchisee's location: 2 days * Other training available | |
| Support | * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives | |
| Marketing | * Co-op advertising * Ad slicks * Regional advertising | |
| Operations | * Franchise can be run from home * 100% of all franchisees own more than one unit * Number of employees needed to run franchised unit: 14 - 14 * Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Aging Excellence | Majestic Residences | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Aging Excellence | |
| Majestic Residences | |
| Franchise Fee | |
| Aging Excellence | |
| Majestic Residences | |
| Royalty Fee | |
| Aging Excellence | 5% |
| Majestic Residences | 6% |
| Advertising Fee | |
| Aging Excellence | |
| Majestic Residences | |
| Year Founded | |
| Aging Excellence | 1999 |
| Majestic Residences | 2020 |
| Year Franchised | |
| Aging Excellence | 2003 |
| Majestic Residences | 2020 |
| Term Of Agreement | |
| Aging Excellence | 5 years |
| Majestic Residences | |
| Renewal Fee | |
| Aging Excellence | |
| Majestic Residences | |
Business Experience Requirements |
|
| Experience | |
| Aging Excellence | |
| Majestic Residences | |
Financing Options |
|
| Franchise Fees | |
| Aging Excellence | |
| Majestic Residences | |
| Start-up Costs | |
| Aging Excellence | |
| Majestic Residences | |
| Equipment | |
| Aging Excellence} | |
| Majestic Residences | |
| Inventory | |
| Aging Excellence | |
| Majestic Residences | |
| Receivables | |
| Aging Excellence | |
| Majestic Residences | |
| Payroll | |
| Aging Excellence | |
| Majestic Residences | |
Training & Support |
|
| Training | |
| Aging Excellence | * Available at headquarters: 1 week * At franchisee's location: 2 days * Other training available |
| Majestic Residences | |
| Support | |
| Aging Excellence | * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Majestic Residences | |
| Marketing | |
| Aging Excellence | * Co-op advertising * Ad slicks * Regional advertising |
| Majestic Residences | |
| Operations | |
| Aging Excellence | * Franchise can be run from home * 100% of all franchisees own more than one unit * Number of employees needed to run franchised unit: 14 - 14 * Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
| Majestic Residences | |
Expansion Plans |
|
| US Expansion | |
| Aging Excellence | |
| Majestic Residences | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | |
| Aging Excellence | |
| Majestic Residences | |
| International Expansion | |
| Aging Excellence | |
| Majestic Residences | |