Executive Home Care Franchise FAQs
Does Executive Care only serve seniors?
Executive Care is more than just a Senior Care company. We are a full-service home health care company serving clients from infants to seniors.
What types of care does Executive Care offer?
Executive Care provides medical and non-medical care. Plan of Care for all the clients is designed and monitored by a nurse.
What is the cost of an Executive Care Territory?
The initial franchise fee (for a territory with a population of 500,000 residents) is $44,900; Second territories are reduced to $34,900 and Third territories are reduced to $26,900. Executive Care proudly participates in the International Franchise Association’s (IFA) VetFran program by offering veterans a 20% discount on the initial territory fee.
What will it cost me to invest in an Executive Care franchise?
Executive Care estimates your first year initial investment will range between $99,750 and $151,000 which includes your franchise fee, recommended operating capital, and other startup costs. The investment cost is based on varying factors. We highly recommend having an additional $45,000 to $68,000 in working capital for the first year which is included in the initial investment range. Executive Care proudly participates in the International Franchise Association’s (IFA) VetFran program by offering veterans a 20% discount on the initial territory fee.
What types of business models do you offer?
We offer 3 business models
- Single Unit Owner
- Multi-Unit Owner
- Investor/Executive Model
How does Executive Care determine the territory where I will operate?
Executive Care’s exclusive territories are not pre-set, but are developed collaboratively with you. Our franchise development team will work with you using state-of-the-art demographics tools to build the market area. Your territory will be comprised of contiguous zip codes with healthy household incomes and population of 500,000 people.
How do I make money and expand my business?
The Executive Care business model is built on SEVEN potential revenue streams inside your franchise territory. We are a private pay home care company which decreases receivables and increases cash flow back into the business.
Is a medical or healthcare background required to run an Executive Care business?
No, medical and healthcare experience is not necessary. We find that people with marketing, sales or operations experience are well suited for this industry. We also look for individuals with high, long-term income goals who are equally interested in improving the lives of others. Other traits we look for are strong people skills, the required amount of capital, financial stability, business/management background, the motivation and desire to succeed, and the willingness to follow a proven franchise system.
What types of training and support will I receive?
The Executive Care Team takes an individual approach to training and support to meet your individual needs. We provide initial training, opening support, on-going support, on-site visits, along with marketing and sales assistance. Executive Care’s proven training program is conducted both in the classroom and an operating Executive Care office. This allows for a practical and hands-on experience.
How do I manage back-office operations such as payroll, billing and scheduling?
Our robust technology platform covers all aspects of the Executive Care business. Franchisees will possess a key advantage in scheduling, telephony, billing, payroll, and client care portal. We provide billing and payroll support for all franchisees so they can concentrate on building their business.
Why go with an Executive Care franchise rather than trying it on my own?
Many reasons – for over 10 years, we have developed an intimate and firsthand knowledge of the business. Our strong foundation of expert home care based on real world experience will help launch your business successfully and quickly.
With Executive Care, you will be able to start your new business with an established and well-respected company providing distinct advantages with our extensive training program, opening and on-going support, on-site visits, marketing and sales assistance, along with a robust technology and operating system. These distinct advantages combined with your abilities and commitment provides the ideal platform for your entrepreneurial success.