General

Industry

Healthcare Services

Category

Home Care

SBA Identifier

S1087

Year of Founding

2012

Fees

Marketing Fee

2%

Royalty Fee

5%

Franchise Fee

$27,000-$37,000

Investment Range

$108K-$215K

Location units

Total U.S. Locations

4

U.S. Franchised Units

0

U.S. Corporate Units

4

Headquarters (City)

Dallas

Other

Item 19 - Franchise Financials

No

Financing Availability

-

Started Offering Franchises

2013

Issuance of FDD Data

06/08/2020

What to know about Mastercare franchise?

MASTERCARE FRANCHISING, LLC ("Mastercare") offers franchises to operate a business that provides private pay, nonmedical home care services (where licensed), skilled nursing and 24-hour care at a persons home or residence as well as Nursing (RN, LPN, CNA) and other medical personnel job placement and medical staffing solutions in hospitals, clinics and other medical facilities (where licensed). The franchise is not a home-based business and must be operated from a commercial office location. This unique system of services has been designed by Mastercare under the trade name "Mastercare".

Mastercare is based in Dallas, TX. Scroll down to learn more!

How much does a Mastercare franchise cost?

Are you wondering how much is a Mastercare franchise? Before starting a Mastercare franchise, it is important to know the franchise fee, working capital and other costs required to start the business.

The minimum investment amount required to open a Mastercare franchise is $107,800 and can go all the way up to $215,450. Keep in mind, you should also allocate additional funds to live off of while the Mastercare business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 Mastercare franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Mastercare business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your Mastercare franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.

Franchise Net Unit Growth

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Additional Details

How much does a Mastercare franchise owner make?

Mastercare franchise earnings and revenue can vary significantly from one franchisee to another.
The Mastercare franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.

Mastercare unfortunately does not disclose financials on how much Mastercare franchise owners make. This means they do not disclose sales or earnings for franchisees operating in the U.S.

Every franchisor is required by law to disclose income statements and balance sheets for how the franchisor is performing but not for the franchisee level. Unfortunately, Mastercare does not make it easy to understand franchisee financial performance. This can be seen as a red flag and it is important to be that much more diligent in your conversations with Mastercare franchisees. Do note that Mastercare is not alone as about 40% of franchises do not disclose franchisee financial performance.

At Vetted Biz, we suggest you to speak with 5 to 10 Mastercare franchisees to understand how much money they are making from their Mastercare business.

You should also speak to former Mastercare franchisees to understand why they left the system. Did they sell their Mastercare at a profit? Were they forced to close their Mastercare franchise down because it kept losing money?

What is the Mastercare franchise fee?

Owning a Mastercare franchise requires 5% royalty fee and 2% marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship. There may be other ongoing fees disclosed in the Mastercare Franchise Disclosure Document

Keep in mind, there is also an initial Mastercare franchise fee of $27,000 that is included in the initial investment amount of $107,800 to $215,450. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Mastercare franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Mastercare franchise fee of $27,000.

Visit the Mastercare metrics tab to explore the financials for this business, royalty and marketing fees compare to other Healthcare Services franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was Mastercare founded?

Mastercare started offering franchises in 2013. Mastercare was founded 10 years ago in 2012.

At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many Mastercare locations are in the U.S.?

As of 2020, there were 0 locations across the U.S. There are also 4 corporate locations. Most Healthcare Services franchises like Mastercare have more franchised locations than corporate locations.

How many Mastercare franchises opened over the past few years?

Over the prior 3 years we have data for, Mastercare has opened 0 outlets throughout the U.S. Visit the Mastercare metrics tab to explore how the openings compare to other Healthcare Services franchises.

How many Mastercare franchises closed over the past few years?

Over the prior 3 years we have data for, Mastercare has closed 0 outlets throughout the U.S

Visit the Mastercare metrics tab to explore how the openings compare to other Healthcare Services franchises.

Is Mastercare growing? Are they opening more locations than they are closing?

The net unit growth rate for Mastercare over the past 3 years is 0%. Over the last year we have data for, Mastercare had a net unit growth rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Mastercare growth rate compares to 2,000+ other franchises and Industry franchises like Mastercare. More info in the Mastercare metrics tab.

Is Mastercare franchise eligible for an SBA Loan?

Mastercare is eligible for SBA loans including the 7(a) loan. To find out more about the SBA loan program for franchising click here.

Mastercare franchise was assigned the SBA Franchise ID of S1087 on 10/01/2017. This DOES NOT mean the SBA endorses this franchise. The SBA Franchise Directory will only include business models like Mastercare that are reviewed and found eligible under SBA’s affiliation rules and other eligibility criteria. Currently, there are over 7,000 franchise opportunities that the SBA has deemed eligible for SBA financing.

Is Mastercare a franchise in the United States?

According to the SBA, Mastercare meets the Federal Trade Commission (FTC) definition of a franchise. The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items about the franchise, its officers, and other franchisees. Be sure that Mastercare provides you with an FDD if you are in discussion to buy a Mastercare.

What is the Mastercare Franchise for Sale Rate?

The Mastercare systemwide health and franchisee satisfaction can be measured by the Mastercarefranchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

Mastercare franchise for sale rate over the past 3 years is 0%. Over the last year we have data for, Mastercare had a franchise for sale rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Mastercare franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Mastercare. More info in the Mastercare metrics tab.

What is the Mastercare Franchise Failure Rate?

Mastercare franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!

Mastercare failure rate over the past 3 years is 0%. Over the last year we have data for, Mastercare had a franchise failure rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Mastercare franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Mastercare. More info in the Mastercare metrics tab.

How can I find out more details on Mastercare franchise?

Visit the Mastercare metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today today for exclusive access on this franchise opportunity!

Investment Midpoint

The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document

Mastercare

$161,625

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

Mastercare

5%

Industry median

All franchises median

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Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

Mastercare

$32,000

Industry median

All franchises median

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Item 19 – Financial Performance Representations

Historical financial performance representations

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Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

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General

Industry

Healthcare Services

Category

Home Care

SBA Identifier

S1087

Year of Founding

2012

Fees

Marketing Fee

2%

Royalty Fee

5%

Franchise Fee

$27,000-$37,000

Investment Range

$108K-$215K

Location units

Total U.S. Locations

4

U.S. Franchised Units

0

U.S. Corporate Units

4

Headquarters (City)

Dallas

Other

Item 19 - Franchise Financials

No

Financing Availability

-

Started Offering Franchises

2013

Issuance of FDD Data

06/08/2020

Detailed Franchise metrics for Mastercare

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for Mastercare below. “N/A" or Not Applicable results mean that there is not enough data available to compute a precise rate or that the result is not mathematically computable. When results are not mathematically computable, you should pay attention to the absolute values (#) instead of the percentage rate itself.

Growth Rate

The percentage change of total franchise units from one year to the next by franchisor.

 

1 year

3 years

Mastercare

0%

0%

Industry median

All franchises median

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Franchise for Sale Rate

The percentage of units transferred to new franchisees and reacquired by franchisor.

 

1 year

3 years

Mastercare

NA

0%

Industry median

All franchises median

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Failure Rate

Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.

 

1 year

3 years

Mastercare

NA

0%

Industry median

All franchises median

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Business details

Company Name

https://mastercare.se/ www.mastercare.care

Business email

**********@******.com

Mailing address

7920 Belt Line Rd., Ste. 245

State headquarters

Texas

Owner Name

Mastercare

Phone

+1 (000) 0********00

City

Dallas

Zip code

75254
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