IKOR
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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