Elder-Well
Elder-Well franchises offer individualized, non-medical, social-supportive day services to aging adults, including assistance with activities of daily living, companionship, medication and nutrition support, cognitive and physical therapies, and services for those with dementia or mild cognitive impairments. The business model involves operating centers using the franchisor's proprietary system, trademarks, training, and operational procedures within an approved location and licensed service area. The target market is aging adults needing community-based care and their primary caregivers seeking respite, consultation, and alternatives to long-term care facilities.
Franchise Costs
6% royalty + 2% brand development fund + $150/mo technology fee
Financial Performance
Item 19 Financial Performance
Data Based On: Financial performance data based on one affiliate-owned location for January 1 - December 31, 2024, with hypothetical adjustments for a franchisee replacing the Program Director with an owner-operator. No franchised businesses were open in 2024.
* Revenue is from the 'Elder-Well Adult Day Program' table, representing an affiliate-owned location's performance for 2024. The 'average_net_profit' is derived from the hypothetical adjusted figures provided for a franchisee replacing the Program Director with an owner-operator (note 8). The adjusted Payroll is $82,957.25 and the adjusted Net Profit is $312,522.45. Other expenses (COGS-Other, Operating Expenses, Misc. Expenses) are assumed to remain the same as the affiliate-owned location: COGS-Other ($20,216.76), Operating Expenses ($115,005.41), and Misc. Expenses ($6,556.39). Total Adjusted Expenses = $82,957.25 (Adjusted Payroll) + $20,216.76 (COGS-Other) + $115,005.41 (Operating Expenses) + $6,556.39 (Misc. Expenses) = $224,735.81. Adjusted Net Profit = $537,258.26 (Revenue) - $224,735.81 (Total Adjusted Expenses) = $312,522.45. This calculated value matches the explicitly stated adjusted Net Profit figure. As no range was provided for this specific adjusted scenario, the 'best_guess_profit_low' and 'best_guess_profit_high' are set to this single adjusted net profit value. Gross Profit and EBITDA could not be accurately calculated or were not explicitly defined with sufficient detail.
Extracted Item 19 Section
How Elder-Well Compares
Key Insights
- Higher investment than 79% of Senior Care franchises
| Franchise | Investment | Fee | Royalty | Locations |
|---|---|---|---|---|
Elder-Well Current | $131K – $508K | $49K | 6.0% | 2 |
| SYNERGY HOME CARE | $78K – $159K | $53K | 5.0% | 550 |
| SENIOR HELPERS | $149K – $221K | $55K | 5.0% | 355 |
| ALWAYS BEST CARE SENIOR SERVICES | $90K – $146K | $50K | 6.0% | 275 |
| COMFORCARE HOME CARE | $73K – $164K | $59K | 5.0% | 248 |
| FIRSTLIGHT HOME CARE | $127K – $219K | $50K | 5.0% | 238 |
Senior Care Average 43 franchises | $158K – $336K | $62K | 5.7% | – |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 43 Senior Care franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2024)
Outlets by state across the United States
Due Diligence
Litigation (Item 3)
Bankruptcy (Item 4)
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
The total initial investment to open a Elder-Well franchise ranges from $130,900 to $507,650. This includes a franchise fee of $48,500. Ongoing royalty fees are 6.0% of gross sales.
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