Legato Living Franchise
Description
NOTE: This is an “Emerging/Developing Brand”. It may be a great fit for your candidate but it is a higher risk with limited franchisees and validation. Talk directly with the Development Representative to understand their brand and presenting it effectively.
Legato Living is a residential home offering long-term care services to individuals with Alzheimer’s and other dementias. As the disease progresses larger memory care facilities are often still too big. At Legato Living, there are no long halls to navigate. By providing this care in a smaller setting, residents often experience less anxiety knowing there is help close by. The true residential model will allow residents to be correctly cared for due to proper staffing levels and will allow them to age in a place where they feel comfortable and surrounded by individuals who become like family.
This franchise is a real estate investment opportunity that allows you to invest in a home and then utilize the business to pay off that home over the course of the franchise term, which is 10 years. The business itself, according to their Item 19, can produce upwards of 6 figures in profits and that is after you pay rent to yourself for the house. Legato Living Franchise is interested in single unit investments but they are also offering multi-unit opportunities where an owner can own 3-6 homes at a discounted franchise fee. In addition, there is an Area Representative Franchise opportunity as well. As you see, there are multiple opportunities for franchisees to build a strong business with Legato Living Franchise.
Ideal owners possess a passion to help others and while having a background in healthcare is beneficial, it is by no means necessary. Others who may find great success include real estate investors, individuals with strong sales and operations experience, and those willing to put customers first.
Based on their proven process, franchisees will have the education and tools to effectively run their home through a combination of classroom and on-the-job training. From finding the right property to getting the home licensed and open, Franchisees will be supported the entire way. Training includes topics such as management of the home, onboarding new staff, admitting residents to your home, resident cares, marketing the home, as well as experiencing a fully operational home in action.
Key Points
- Proven process
- Ground-level entry options
- First to market availability across the US
- The first concept focused on memory care to become a franchise in the senior care industry
- Niche segment of an already thriving industry; forecasted to explode as boomers transition
- Dual investment opportunity with the franchise model and a real estate play/asset (if not renting)
- Turnkey support and systems in place for everything
- All levels of ownership are possible
- Owner-Operator
- Semi-Absentee
- Absentee (only with a key partner/manager running everything approved by corporate)
- Minimum 8 per home in a population are of 75,000+
- Build a business while building your real estate portfolio
- The passion: developing compassionate people into impactful business owners
- Turning a big box industry into an individualized, compassionate, boutique experience
- They offer multi-territory developments at a significant discount and highly encourage them in order to share resources amongst a group of homes and maximize profits
- Area Developer options are available for the right candidate
- 1 Home = $50,000 or 3 Homes for $110,000
- The total investment necessary to begin the operation of a Legato Living home, under a franchise agreement, will vary depending on if you choose to renovate an existing home or build from the ground up. Leasing a home and negotiating modifications is the third option, and would offer the lowest initial investment
- Build New $598,350 to $1,722,400
- Lease $93,350 to $292,400
- The size of the home and market value will greatly impact the range. This range includes the amount due to the franchisor or its affiliates
- The majority of the initial investment is the asset of the home
- Operation expenses of the business range from $13,350 – $54,400
Ideal Candidate
Ideal owners possess a passion to help others. Many times, this stems from a personal experience they have had with their own family or friends. Their Core Values must align with their own values and be incorporated in their business decisions. Candidates may have sales or operations experience or may have worked in larger healthcare organizations and want to build their own wealth. Also, successful franchise owners are typically “Type A” personalities and have a desire to network and build relationships within their communities. Franchisees who put customers first, roll up their sleeves and invest time early in their business, will position themselves for a future that can focus on additional homes, absentee ownership, or resale potential.
Address
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Country United States
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Province/State Florida
Overview
- Property ID 2310
- Price Franchise Fee $50,000
- Property Type Real Estate, Retail
- Property status Brick & Mortar
- Financing: Unavailable
- Cash Investment (Liquid): $50,000
- Required Net Worth: $250,000
- Minimum Investment: $93,350
- Maximum Investment: $285,400
- Veteran Discount: Available
- Training & Support: Available
Features
Contact
Willie Kirch
Property Agent