Find answers to common questions about the franchising process, the costs involved, and the qualifications required to become a franchisee. Whether you’re considering opening an assisted living franchise or looking for information, we’ve got you covered.
What experience do I need to become a Meraki Assisted Living franchise owner?
Although not a requirement, ideal franchise candidates for Meraki Assisted Living would have medical/health care experience. Individuals with sales, management and relationship-building experience are also excellent candidates. Franchise owners must have a desire to care for others, and feel driven to change the world.
What is provided as part of the Meraki Assisted Living franchise program?
Before you launch your Meraki Assisted Living franchise, we’ll provide an initial training session at our headquarters, which includes classroom and on the job training for a period of up to two weeks for the Franchise Owner and Director.
In conjunction with your opening your business, representatives of Meraki Assisted Living will spend two days assisting you and your staff on-site at your location within the first 60 days of your initial opening. In addition, you will have access to our confidential operations manual.
How much will the Meraki Assisted Living franchise program cost me?
The projected initial investment range is from $129,060 to $222,010 if leasing the home, and it is from $369,060 to $627,010 if you purchase the home; this includes an initial franchise fee of $75,000.
The initial franchise fee includes the Development Fees of the second and third home locations.
As with any new venture, it’s important to have adequate capital to fund the initial business growth stages.
What is the timeline for opening for business, and continuing operations?
Over the initial six months of your franchise agreement, you will be choosing and retrofitting your first home and getting it ready for your first occupants. By month 15, you will have selected, renovated, and welcomed residents to your second home. By month 24, you will be operating your third home. Our team will be there to guide you at every step.
Is financing available?
We do not provide direct financing to franchise owners, but we may refer you to financing sources on a case by case basis.
Are there ongoing fees to pay?
There is a royalty fee equal to 7% of gross revenues. Royalty fees allow us to fund our ongoing support services and the continued development of services, marketing tools, training programs, and systems upgrades.
For a full list of fees and requirements, please refer to our Franchise Disclosure Document (FDD).
Are there any advertising fees?
Meraki Assisted Living franchise owners will contribute up to 2% of gross revenues into the system marketing fund. Collected funds will be used to develop network-wide marketing strategies and materials used to promote the Meraki Assisted Living brand.
What is the term of the agreement?
The initial term of your agreement is ten years, with two subsequent successor agreement options of five years.
How do I get started?
If you’re interested in learning more, contact us at (218) 208-3390 or Info@MerakiAssistedLivingFranchise.com, or by using the form provided on this site. We’ll follow up to discuss the possibility of setting up a meeting, speaking with our key management staff, and receiving our FDD which contains all the important details you’ll need to make an informed decision.