Silver Life is a franchise management company and seller of prepared food products to its network of franchisees.
We provide a franchise-based food delivery service for older people.
Our customers are primarily people who live alone or are under nursing care and need support securing daily meals because of difficulties shopping or preparing regular meals.
Franchise contracts are basically franchise membership plans under which the franchisee pays Silver Life for food items and royalties. We also help franchises establish their businesses by offering a plan with an initial period of reduced costs and no royalty payments.
Silver Life currently has no directly managed locations. All of its chain stores providing food distribution services for the elderly are franchise stores. As of July 31, 2019, Silver Life has 729 franchise stores.
2Facilities for the Elderly
We sell the food items produced in our own factories or sourced from supplier factories to various types of senior care facilities, including homes for the elderly and day-use nursing care facilities. Our factories deliver food items to franchisees located near the senior care facilities where the orders originated. The food items we provide are delivered as is to the facilities or are further prepared by the franchisees for individual customers. In some cases, we deliver directly from the factories to senior care facilities.
The senior care facilities pay Silver Life for the purchased food items, and we pay the franchisees a commission for delivering the food.
3OEM and Other Operations
We use our factories to provide original equipment manufacturing and wholesale of frozen bento meals for other food preparation companies. We also sell our own brand of frozen bento meals via our website.
Our food delivery service provides daily meals for the elderly. We take special care to offer a constantly changing variety of food choices by offering daily specials along while also being mindful of the specific needs of our customers. In addition to healthy meals for people without specific dietary requirements, we also offer meals adjusted for individuals requiring reduced calorie or protein intake.
For customers with chewing or swallowing difficulties, we offer food items in their original form that are softened to be easily cut with chopsticks as well as food that has been puréed so it can be easily mashed with the gums or tongue.
Our Kanto Factory is located in Gunma Prefecture just north of Tokyo in the Kanto region of Eastern Japan. We acquired the factory in February 2013 and commenced production in August of that year.
The Kanto Factory purchases ingredients and prepares and produces food items for regular meals, and frozen bento meals, including regular, calorie- and protein-adjusted, and soft meals. Regular meals are mainly delivered to local franchisees and senior care facilities in the Kanto region. Frozen bento meals are sold nationwide to franchisees, senior care facilities, and destinations stipulated by the OEM contractors.
We contract with our main supplier AI Service and other supplier factories to produce food items for regular, calorie- and protein-adjusted, and puréed meals. Prepared food items produced and prepared by the supplier factories are delivered directly to franchisees and senior care facilities in most regions.
Schematics of Business Operation as below,