2nd Family
Senior home care- 2022 Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$100K - $166K
- Units as of 2022
-
7 600.0% over 3 years
Company Overview
About 2nd Family
- Industry
- Personal-Care Businesses
- Related Categories
- Senior Care
- Founded
- 2012
- Parent Company
- 2nd Family Franchising LLC
- Leadership
- Josh Markland, Cofounder
Franchising Overview
- Franchising Since
- 2017 (5 years)
- # of employees at HQ
- 11
- Where seeking
-
This company is seeking new franchisees in the following US states: Alabama, Arkansas, Arizona, Colorado, Connecticut, District of Columbia, Florida, Georgia, Iowa, Idaho, Kansas, Kentucky, Louisiana, Massachusetts, Missouri, Mississippi, Montana, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Vermont, West Virginia, Wyoming
- # of Units
- 7 (as of 2022)
Franchisor Information
Information for Franchisees
Here’s what you need to know if you’re interested in opening a 2nd Family franchise.
Financial Requirements & Ongoing Fees
Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
- Initial Franchise Fee
- $52,500
- Initial Investment
- $100,305 - $166,299
- Net Worth Requirement
- $350,000
- Cash Requirement
- $100,000
- Veteran Incentives
- 10% off franchise fee
- Royalty Fee
- 5%
- Ad Royalty Fee
- 2%
- Term of Agreement
- 10 years
- Is franchise term renewable?
- Yes
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- In-House Financing
- 2nd Family offers in-house financing to cover the following: franchise fee
- Third Party Financing
- 2nd Family has relationships with third-party sources which offer financing to cover the following: startup costs, equipment, inventory, accounts receivable, payroll
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- On-The-Job Training
- 26 hours
- Classroom Training
- 24 hours
- Ongoing Support
-
NewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
-
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- No
- Can this franchise be run from home/mobile unit?
- Yes
- Can this franchise be run part time?
- No
- Are exclusive territories available?
- Yes
Want to stay updated on the latest franchise news?
Never miss a beat when you sign up to receive our newsletter.
We care about the protection of your data. Read our Privacy Policy
Related Franchises
Are you eager to see what else is out there? Browse more franchises that are similar to 2nd Family.
Related Franchise Content
Catch up on the latest franchise news, trends, and more.
How to Start a Blue Moon Estate Sales Franchise in 2023
Looking for information about how to open a Blue Moon Estate Sales franchise? Here's what you need to know.
Use This Checklist to Avoid Buying a 'Zombie' Franchise
Here are 20 questions that will save you time and money. There are great franchise options out there, but you must do your due diligence.
The Hottest Franchise Trends for 2023
Looking for a business to buy in 2023? We predict which franchise categories will thrive, and list top brands available in each.
Thinking of Buying a Franchise? These Four Industries Are Flaming Hot Right Now
Turns out eating breakfast, working out, riding a rollercoaster and getting a job have something in common.
Want to Find New Franchisees? Here Are 4 Ways to Fix Your Online Marketing.
With a smarter strategy, your next recruit is clicks away.
Turning a Franchise Business Into a Nonprofit? Here's How It's Done.
Challenge Island recently helped a franchisee in New Mexico transform her location into a nonprofit. Here, she explains why she made the decision, and how it works.