8/10

Franchimp Summary Rating

8 /10
Lower than 20% of peers

Franchise Summary

Description
Personal care, homemaking, companion care
Company Background
Griswold is an innovative company that provides personal care, homemaking, companion care services. We are dedicated to delivering the highest quality of service in every aspect of our business. With Griswold you can be assured that your loved ones will be taken care of at home with the same love and attention they would receive if they were living in their own homes.
Franchise Opportunity
There are many ways to make your home life easier, but it can be hard to choose the right products. Griswold is a personal care and homemaking tool that does all of this for you in one place. Our platform makes shopping for these services easy by helping you find everything from local dog walkers and house cleaners to babysitters or tutors. We even have an app so you can book appointments on-the-go! Whether you're looking for help with pet care, household chores, errands or anything else - we've got it covered! With Griswold there's no need to go from site to site trying to figure out who has availability when; instead just sign up once with us and get started today!
Corporate Structure
Griswold International, LLC is a Delaware Limited Liability Company formed on June 11, 2009. GHC’s principal business address is 120 West Germantown Pike, Suite 200, Plymouth Meeting, Pennsylvania 19462. Their parent is Griswold Investors, LLC, a Delaware limited liability company formed on December 13, 2013 and with a principal business address of 375 Park Avenue, Suite 3408, New York, N.Y. 10152. They have been offering Griswold Franchises since 2009.
Royalties and Marketing Fees

Royalties : 4.0% of revenue

Earnings Transparency

7 /10
This Franchise discloses slightly more information about the financial performance of their franchisees compared to other franchises in the same industry

Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet

Financial Performance of "Standard" Units

Average Revenue Per Unit

Compared vs. Health & Fitness Industry

$1,060,279 / unit

Franchise Type: Standard

Average Revenue During 2020

$1,060,279
$134,312
Industry Low
$4,665,709
Industry High

Franchise Types Available

# Type Investment Fees

Employee Contact Database

# Name Position Phone Number Email Address

Griswold Home Care Franchise System Development in 2021

FAQ

How much investment do I need to start my own Griswold Home Care business?
Franchisees typically require at least $95 to $174 investment to get their Griswold Home Care business started
What are the initial franchise fees for Griswold Home Care?
Franchisees typically need to pay at least $49 in fees directly to Griswold Home Care in order to earn the right to launch their business
How much money can I make with a Griswold Home Care franchise? What are the average revenues for a typical Griswold Home Care business?
We estimate that the average revenue of an individual Griswold Home Care unit is approximately $1,060,279. We based this on Item 19 in franchise disclosure document
How long do I need to commit to running a Griswold Home Care unit? What is my contractual commitment?
Griswold Home Care franchisees are typically required to sign up to a 10 year contract initially. The renewal length is 5 years. You can of course exit early but don’t expect to get any refund!

Accessibility

8 /10
The Franchisor's investment costs ranges from $95,850 to $174,100 which is Much Lower than the $0 to $0 average in the Health & Fitness industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc

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