Investment And Start Up
To assist with your research and due diligence, we are happy to share the following information related to investment, start-up costs, working capital, monthly fees, and franchise territories.
Investment
The following investment amounts for a new franchise are payable to Simply Helping. All prices do not include GST.
| Establishment Fee (Purchase Price) | $120,000 |
| Induction and Training Program | $10,000 |
| Training Retainer (Paid to Franchisee) | $12,000 |
| Local Area Marketing Launch Campaign | $8,000 |
| Total | $150,000 |
Start-Up Expenses (Guide only)
The following typical business expenses are paid to third-party suppliers.
The amounts below are estimates only, provided for the purpose of budgeting. They indicate a reasonable ‘range’ of costs that may vary with individual requirements and circumstances. We recommend speaking with your accountant as some expenses may not apply to you.
| Internet and Phone | $50 to $150 per month |
| Office Equipment | $1,000 to $4,000 |
| Printing (Promotional merchandise) | $1,000 |
| Insurances, public liability, and indemnity | $3000 to $6000 per annum |
| Legal and Accounting Fees | $2,000 to $4,000 |
| Preparation of Franchise Agreement | $3,500 |
| Rent, Office premises | $0 to $4,000 per month – Optional |
| Signage, office | $1,000 – Optional |
| Signage, motor vehicle wrap | $1,500 – Optional |
Working Capital
Working Capital is typically required during the start-up and establishment period for any new business venture. While the business is developing a healthy turnover and cashflow, working capital is used to balance out any shortfall in income versus expenses. For example, working capital may vary from $30,000 to $50,000 depending how long it takes to establish your cashflow. We recommend you have sufficient cashflow for the first 3 to 6 months.
Monthly Fees
Monthly fees are calculated as a percentage of gross monthly revenue.
Monthly Franchise Service Fee: 6%
National Marketing fee: 2.5%
Your Simply Helping Franchise fees include:
- National marketing campaigns to promote brand awareness in your territory.
- Use of the Simply Helping brand and Intellectual property.
- A generous and exclusive franchise territory.
- Ongoing business development and support.
- Access to proven business systems.
- Personalised web and social media presence.
- Industry specific software.
Franchise Territories
Your franchise territory is protected, with exclusive rights to operate a Simply Helping home care business. This protection guarantees the franchisor will not establish or grant rights to another business in the exclusive territory. Each franchise territory is generously sized for optimal growth, considering:
- Networking with major health care groups.
- Other primary health care providers, and
- A healthy mix of demographics for home care.
Franchise territories are clearly defined by dynamic mapping boundaries for effective search results.
