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.
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Liquid capital required
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$99,600
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Net worth required
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$350,000
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Investment
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$121,300 - $171,300
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Franchise fee
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$45,000
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Units in operation
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5
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To open a location, you should have $99,600 available as liquid capital. You need to have a total net worth of $350,000 if you want to become an owner. The minimum you would expect to invest in a Silver Cross location is $121,300. $171,300 is the most that Silver Cross expects its owners will need to invest in a new location. $45,000 is the franchise fee new franchisees pay the franchisor. There are currently 5 Silver Cross units in operation.
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Silver Cross is listed in the Franchise Directory under the Home Services category. It's also listed in the section for Franchises Under $100,000.
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