IKOR

  • IKOR International, Inc.
511 Schoolhouse Rd., #600
Kennett Square, PA 19348
  • (877) 456-7872 / (610) 444-1454
  • (866) 641-2349 (Fax)

IKOR provides advocacy directed to the life issue facing the elderly / disabled and their families - the missing element in eldercare. IKOR provides RN assessment, strategic planning, implementation, and ongoing quality assurance enabling families to address the day to day concerns. IKOR also provides basic bill pay services and financial support. IKOR meets the needs of persons with no family, family at a distance, or when family is in conflict in making the decisions. In addition to core advocacy services, IKOR also provides professional guardianship of person / estate by the court appointment.

Franchisor Background

Year Established: 1998

Franchising Since: 2010

Operating Units

Franchised Units 14 100.0%
Company-Owned Units 0 0.0%
Total Operating Units 14 100%

Geographic Distribution

USA 14 100.0%
Canada 0 0.0% In 0 Provinces
International 0 0.0% In 0 Foreign Countries
Total 14 100%

Multi-Unit Operators

Multi-Unit Operators N/A
Franchises Owned by Multi-Unit Operators N/A

North American Unit Density

Density Units
Pennsylvania 5

Registered in the following Registration States

Illinois, Maryland, Michigan, New York, Virginia

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Support and Training

General Information

IFA Member Yes
CFA Member No
Franchisee Association? No
Size of Corporate Staff 8
Site Selection
Assistance
Yes
Lease Negotiation Assistance Yes
Financial Assistance No

Marketing Support

Co-Op Advertising No
National Advertising No
Regional Advertising No
Local Advertising No
Marketing Materials Brochures, Promotional Items, Trade Show Exhibits
Additional Services: In-House Marketing, Press Releases, Sales Strategies

Ongoing Support

Central Data Processing Included
Central Purchasing Included
Field Operation Evaluation Included
Field Training Included
Initial Store Opening Included
Inventory Control N/A
Franchisee Newsletter Included
Regional or National Meetings Yes, at additional cost
800 Telephone Hotline Included

Training

Kennett Square, PA 12-16 Days
Local 3 Days
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Financial Requirements

Investment

Minimum Net Worth $87K
Cash Investment $76-110K
Total Investment $78-109K
Average Total Investment $93K

Fees

Initial Franchise Fee $39.9K
Average Franchise Fee $40K
On-Going Royalty 8%
Average Royalty 8%
Advertising Fee N/A

Site Information and Requirements

Average Number of Full-Time Employees 3
Average Number of Part-Time Employees 2
Space Needs (in square feet) 500
Preferred Site Types N/A
Other Site Types Allowed Office complex - handicapped accessible
Encourages Conversions No
Item 19 (Earnings Claim) Provided? Yes
Listed in the SBA Registry? Yes
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Franchisee Qualifications

Financial Net Worth 3
General Business Experience 5
Specific Industry Experience 3
Formal Education 5
Psychological Profile 4
Personal Interviews 5
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Terms of Contract

Term of Initial Contract 10
Term of Renewal Period 5 (3 renewal terms)
Passive Ownership? Allowed, but discouraged
Area Development
Agreements?
Yes, for 1 year
Sub-Franchisor
Contracts?
No
Franchisees Allowed to Expand Within Territory? No
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Expansion Plans

Projected New Units Over Next 12 Months 20
USA Yes
Canada No
Overseas No
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Request Information for IKOR

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