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Silver Cross
A Silver Cross business works primarily within two product groups: elevating devices and mobility products. They do not carry the small products such as canes, incontinent products etc. Their focus is on the larger items. Elevating devices include stair lifts, porch lifts, home elevators, scooter lifts, incline lifts and van lifts. Mobility products include scooters, power wheelchairs and walkers. These products are in demand by the rapidly increasing elderly population. Retail products are often purchased by the end user. Often, a family member will assist in the decision. The key influence may also be a health care professional.
Facts & figures
$99,600 is required in available capital if you want to become a franchisee. New Silver Cross franchisees need to have at least a $350,000 net worth. $121,300 is the minimum that someone opening a location should expect to invest. The most you would expect to invest in a Silver Cross location is $171,300. Before you become an owner, you will owe the franchisor a franchise fee of $45,000. There is currently a total of 5 units in operation.
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