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MyElder

MyElder fills a huge gap in the elder care industry, refining a unique approach to tackling elder care rights and issues. And as an independent advocacy service, MyElder provides assistance across every care setting: including home care agency selection and monitoring; long term care planning; long distance caregiving; assisted living and nursing home placement and nursing home/hospital monitoring and crisis intervention.

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MyElder

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MyElder Franchise Cost and Requirements for 2024

Background

My Elder Advocate is the only overarching elder advocacy company in the franchise space. We are advisory providers and do not change bedpans. MEA provides peace of mind to our clients and their families. While many successful franchises address the senior market with single vertical solutions, for example home health care provider franchises and senior moving franchises, My Elder Advocate encompasses the oncoming demographic tsunami and the looming health care crisis by advocating for elders while charging reasonable fees to our customers.

Company Details

Established: 2008

Franchise Established In 2014
States Registered In: New York, Connecticut, California, Maryland, Illinois, Minnesota, Michigan, Rhode Island, Virginia, Washington, Texas, Wisconsin
Canada Franchises: No
International Franchises: No

Support and Training Offered By MyElder

Co-Operative Advertising: Yes
Training: Pre-Opening Training
Prior to the opening of Franchised unit Franchisor shall furnish training, at its designated training center, upon not less than fifteen (15) days prior written notice received by Franchisor from Franchisee:
Pre-Opening Trainers Supplied by Franchisor An opening team consisting of:

  1. Jack Halpern - Founder and Chairman and Corporate Trainer in Client Interaction
  2. Claudine Halpern - Founder and Chief Executive Officer, and Corporate Trainer in Operations, Administrative and Financial Planning
  3. Other assistants may assist. These trainers will assist in the setup and opening of the Franchised Business and their total cost of travel, food and lodging will be paid by the Franchisor.

Training Modules

  1. Elders and Eldercare in America
  2. Get Familiar with your franchise zone
  3. The Marketing Process
  4. The Sales Process
  5. MyElder Systems
  6. Setting up your office
  7. Staffing
  8. MyElder staffers Roles and Responsibilities
  9. Dealing with MyElder Customers
  10. Using " The MyElder Method"
  11. Reporting to MyElder's Clients
  12. Long Distance Care Management

2024 Franchise Requirements Needed to Own a MyElder Franchise.

What does a MyElder Franchise Cost?

MyElder franchise fees for 2024:

Cash Investment: $87,650-$125,700
Total Investment: $87,650-$125,700
Minimum Net Worth: $250,000
Franchise Fee: $39,500
Royalty: 8%
Ad: up to 2% local marketing and advertizing
Average Number of Employees: year 1 -2.5
Passive Ownership: No
Home Based: Yes
B2B: No
Master Franchise Opportunities: Yes

Is MyElder a Semi Absentee Franchise with a Passive Ownership Opportunity?

No. MyElder is not a semi absentee franchise. The owner of the franchise (the franchisee) is expected to be involved in all aspects of day-to-day operations.

Is MyElder a Home Based franchise?

Yes. MyElder is a home based franchise opportunity.

What Do MyElder Franchise Owners Make?

Click here to find out how much MyElder franchisees make. MyElder offers an Item 19 in their Franchise Disclosure Document which provides financial information about select franchisees in their franchise system.

Is MyElder a Master Franchise Opportunity?

Yes. MyElder is a master franchise opportunity. A master franchisee is responsible to recruit, train and support franchisees in their territory.

Does MyElder Offer a Veteran Discount?

Yes. MyElder franchise does offer a veteran discount.

Does MyElder Work with E2 Visa and EB-5 Visa Candidates?

Yes. MyElder franchise does work with E2 Visa and EB-5 Visa candidates.

Is MyElder Looking for Franchisees in Canada?

No. MyElder franchise is not looking for Canada franchisees.

Is MyElder Looking for International franchisees?

Yes. MyElder franchise is looking for International franchisees.

Where can I see MyElder's FDD (Franchise Disclosure Document)?

Buying a Franchise Guide: What is a Franchise Disclosure Document?

When evaluating a franchise opportunity, reading and understanding the current version of their FDD is a necessity. Considering the benefits of franchising, such as established brand recognition and support from the franchisor, it's important to also take into account franchise fees and franchising royalty fees. Since most franchisors are privately owned companies, the current versions of their FDDs are typically not available unless requested directly from them.

Click here to connect with a Franchise Consultant who can help you obtain a copy quickly and for free. They can also guide you through the essential franchise questions to ask, ensuring you make a well-informed decision about your investment.

Additional Information

Additional Categories

Senior Care, Non Food Franchises

Number of Units Open

LESS THAN 20 UNITS

Cash Required

$50,000 - $100,000

Master Franchise

Yes

Passive Franchise

No

Home Based Franchise

Yes

Item 19 Franchise

Yes

Veteran Discount

No

B2B

No

Franchise Opportunities in Canada

No

International Franchise Opportunities

Yes

E2 Visa Franchise

Yes

MyElder Franchises for Sale

Click Here to inquire about existing MyElder franchises for sale. We may have MyElder franchise resales. A franchise resale is an already established franchise owned by a franchisee and the franchisee is looking to sell their franchise.

Franchises Similar to MyElder

101 Mobility, Home Care Assistance, Homewatch CareGivers, Life Cycle Transitions, Mobility City, Golden Heart Senior Care, Touching Hearts at Home, Majestic Residences, Acti-Kare, Visiting Angels, Home Instead, Granny Nannies, Accessible Home Health Care, Meraki Assisted Living, Transition Squad

The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises. We do not represent all franchises listed here. By clicking on "Request a Consultation," you are agreeing to be contacted by one of our Certified Franchise Consultants to discuss franchise ownership.

About our rankings: The IFPG uses its internal data collected from our membership portal to identify which franchises had the most activity in the past week. This ranking system is not based on franchise sales, franchisee success rates or number of units open. Our ranking system should not be used to make a decision on which franchise to buy it was solely created for internal purposes and for our IFPG Members.

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