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IKOR
 

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:

  1991

Franchising Since:

  2008

Operating Units:

Franchised Units:5 83.3%  
Company-Owned Units:1 16.7%  
 ______ _____  
Total Operating Units:6 100%  
 

Geographic Distribution:

U.S.:6 100% In 4 States
Canada:0 0% In 0 Canadian Provinces
International:0 0% In 0 Foreign Countries
 ______ _____  
Total:6 100%  
 

North America:

States/Provinces with the largest number of operating units:
DensityUnits    
1. Texas2

Registered in Following Registration States:

   Maryland, New York, Virginia

Financial Requirements

Investment:

Minimum Net Worth:$87K
Cash Investment:$54-84K
Total Investment:$53.8-86.6K
Average Total Investment:$69K
 

Fees:

Initial Franchise Fee:$35K
Average Franchise Fee:$35K
On-Going Royalty:8%
Average Royalty:8%
Advertising Fee:

Average Number of Employees:

   3 Full-time, 2 Part-time

Space Needs (in square footage):

   1,000

Preferred Sites:

  

Other Sites:

   Office complex - handicapped accessible

Encourage Conversions?

   No

Earnings Claims Provided?

   Yes

Listed in the SBA Registry?

   No

Support and Training

International Franchise Association:Yes
Canadian Franchise Association:No
Franchisee Association/Member: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:Yes
Marketing Materials:Brochures, Promotional Items, Trade Show Exhibits
Additional Services:In-house Marketing, Press Releases, Sales Strategies
Other Marketing Support:None Specified
 

On-Going Support:

Central Data Processing:Included in Fees
Central Purchasing:Included in Fees
Field Operation Evaluation:Included in Fees
Field Training:Included in Fees
Initial Store Opening:Included in Fees
Inventory Control:Not Applicable
Franchisee Newsletter:Included in Fees
Regional or National Meetings:At Additional Cost
800 Telephone Hotline:Included in Fees
 

Training:

1. Kennett Square, PA8 Days
2. Local3 Days
 

Franchisee Qualifications

Ranked from 1 (unimportant) to 5 (important):
 
Financial Net Worth:3
General Business Experience:5
Specific Industry Experience:3
Formal Education:5
Psychological Profile:4
Personal Interview(s):5

Minority Representation

Units Owned by Minorities:

African-American:0
Asian-American:0
Hispanic:0
Native American:0
Other:1
Specific Minority:IKOR offers the following assistance programs to minority franchisees: Flexibility in store formats, mentoring, and built-in infrastructure for oversight and invoicing.

Terms of Contract

Term of Initial Contract:10 Year(s)
Term of Renewal Period:5 (2 renewal terms) Year(s)
Passive Ownership:Allowed
Area Development Agreements?No
Sub-Franchising Contracts?No
Franchisees Allowed to Expand Within Territory?No

Expansion Plans

Projected New Units Over Next 12 months:

   20
U.S.:Yes
Canada:No
Overseas:No
 
 
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