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Oasis Senior Advisors Franchise ProfileHealthcare & Senior Care > Senior Living Facilities |
To open an Oasis Senior Advisors franchise, you will need an initial investment ranging from $67,189 to $111,989. This includes a franchise fee of $40,000. Potential franchisees should also have cash reserves between $50,000 and $90,000 and a net worth of $200,000 to $400,000. Understanding these financial commitments is crucial for anyone considering entering the senior care advisory market.
Oasis Senior Advisors franchisees are subject to ongoing fees, including a royalty fee of 10% on gross revenues and a marketing fee of 2%. These fees contribute to the overall support and resources provided by the franchisor, helping franchisees maintain brand standards and marketing efforts. It's essential to factor these costs into your financial planning to ensure sustainable profitability.
The average annual revenue for an Oasis Senior Advisors franchise unit is approximately $498,068, with a median revenue of $186,398. However, revenue can vary significantly, ranging from as low as $6,900 to as high as $3,293,030. This variability underscores the importance of location, market demand, and operational efficiency in achieving financial success.
Franchisees can expect to reach breakeven within about 12 months of operations, with an investment payback period of approximately 13 months. This relatively quick return on investment can be appealing for aspiring entrepreneurs, particularly in a growing industry like senior care, where demand continues to increase as the population ages.
Oasis Senior Advisors Franchise Financial Requirements
Below, you’ll find an overview of the initial investment needed to launch the business, along with the ongoing fees required by the franchisor to maintain operations over time.
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Oasis Senior Advisors Franchise Unit Growth Summary
A breakdown of corporate, franchised, and total units, with yearly net changes.
Total Units
Franchised Units
Corporate Units
Units | 2021 | 2022 | 2023 |
---|---|---|---|
Total Units | 87 | 106 | 128 |
Net Change YoY | 19 | 22 | |
Franchised Units | 86 | 105 | 108 |
Net Change YoY | 19 | 3 | |
Corporate Units | 1 | 1 | 20 |
Net Change YoY | 0 | 19 |
Oasis Senior Advisors offers a compelling franchise opportunity with a low initial investment ranging from $67,189 to $111,989. The franchise fee is set at $40,000, with ongoing royalty fees at 10% and a marketing fee of 2%. To ensure financial stability, prospective franchisees need to demonstrate a cash requirement of $50,000 to $90,000 and a net worth between $200,000 and $400,000.
Franchisees can expect significant revenue potential, with average annual revenue per unit reported at $498,068. The median annual revenue is $186,398, while some units have achieved as much as $3,293,030. This wide range illustrates the scalability of the business model and the potential for profitability in various markets.
One of the attractive features of the Oasis Senior Advisors franchise is the relatively quick breakeven time of just 12 months. Additionally, franchisees can anticipate a payback on their investment within 13 months, making it an appealing option for those looking to enter the senior advisory market.
Oasis Senior Advisors has shown consistent growth in its franchised units, increasing from 86 in 2021 to 108 in 2023. The company has also expanded its corporate units significantly, from 1 in 2021 and 2022 to 20 in 2023, indicating a strong commitment to developing the brand and supporting franchisee success.
Franchisees should be aware of the operational landscape, which includes average annual expenses totaling approximately $10,271,134. Key expenses include advertising costs of $990,000 and franchise support services expenses of $455,630. Understanding these operational costs is crucial for effective financial management and ensuring profitability.
Oasis Senior Advisors is dedicated to providing compassionate and personalized senior living solutions. The mission is to empower families by offering expert guidance and support during the often-challenging transition to senior care. By focusing on individualized care and community involvement, Oasis aims to enhance the quality of life for seniors and their families.
Frequently Asked Questions
The initial investment for an Oasis Senior Advisors franchise ranges from $67,189 to $111,989, which includes a franchise fee of $40,000.