My Elder Advocate Franchise Review

Franchise Facts

My Elder Advocate provides senior advisory and advocacy services. They provide advice to families about elder and senior care, planning for personal, health and financial needs as they age.

How much does a My Elder Advocate franchise cost?

My Elder Advocate has a franchise fee of up to $39,500, with a total initial investment range of $85,150 to $123,200.

  • Initial Franchise Fee: $39,500
  • Total Investment: $85,150 to $123,200
  • Working Capital: $30,000 to $45,000
  • Royalty Fee: 8%

The initial cost of a franchise includes several fees -- Unlock this franchise to better understand the costs such as training and territory fees.

How much does a My Elder Advocate franchise make?

Franchise revenue and profits depend on a number of unique variables, including local demand for your product, labor costs, commercial lease rates and several other factors. We can help you figure out how much money you can make by reviewing your specific situation. Please unlock this franchise for more information.

How many franchise locations do they have?

As of the 2017 Franchise Disclosure Document, there are 5 franchised My Elder Advocate locations in the USA.

Are there any My Elder Advocate franchise opportunities near me?

Based on 2017 FDD data, My Elder Advocate has franchise locations in 2 states. The largest region is the Northeast with 5 franchise locations.

NY
PA


This franchise is expanding into new markets and might be available near you. One of our franchise experts will have detailed knowledge about this brand. Unlock to learn more and connect with our experts.

Last Reviewed: 2017

My Elder Advocate is graded based on our most recent research.

My Elder Advocate Franchise Stats

Total Investment
$85,150 - $123,200
Franchise Fee
$39,500
Franchise Agreement
Initial Term
7 Years
Renewal Term
7 Years
Franchisee Outlet Growth
2014
0
2016
2
Ongoing Fees
Royalty
8.0%
Ad Fees
2.0%
# of Franchised Outlets
2

Additional Questions

Do they provide any initial training and opening assistance?

Yes, they have an initial training program of 70 hours. This includes 30 hours of classroom training and 40 hours of on-the-job training. In their FDD they outline who’s in charge of the training. Unlock to find out more.

Online 0
On-the-Job 40
Classroom 30
Total 70

Do they offer Territory Rights?

My Elder Advocate does NOT offer exclusive territories.

Do they have computer and technology support in place?

Yes. My Elder Advocate offers comprehensive support for franchisees. Unlock this franchise to find out more details.

When did they begin franchising?

They began franchising in 2016. The average Home Care franchise began franchising in 2009.

Do they offer financing support?

No, but you can click here to fill out our affordability calculator and understand your financing options.
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