Best Home Care Franchise Business Model for Beginners: Top 4 Must-Haves
Make sure you’re choosing the best home care franchise business model by comparing your current pick with Executive Care’s list of essential features. Read on to learn the top-4 “must haves” for your senior care company.
Beginner-Friendly Systems, Training, and Support
The best home care franchise business models recognize how intimidating a healthcare company can look to outsiders, and develop beginner-friendly systems, training, and support services to offset that.
If you don’t see robust support services and detailed training programs being offered, consider it a major red flag.
Some of Executive Care’s most successful franchisees came to us with no relevant skills or experience. Our training and support services molds eager, hard-working entrepreneurs into industry leaders. You can learn more about our beginner-friendly approach here.
A Profitable Business Model
At its core, profitability is about maximizing revenue and minimizing expenses. The best home care franchise business models epitomize this simple maxim.
In the senior care industry, the key to maximizing revenue is offering a complete spectrum of care services. Unlike premium pricing strategies, which can restrict access to care, diversifying your care services brings the best of both worlds–bigger profits, plus more opportunities to help those in need.
America’s care needs are diverse. The best home care franchise business models cater to them all. This not only gets you greater market share, but allows you to build lasting relationships with clients as they grow older and “graduate” from simple housekeeping to specialized care services.
The Executive Care business model gives franchisees the tools and training to offer a complete of continuum of home care services, including:
- Personal care
- Live-in care
- Specialized care
- Skilled care
These services are available for clients of any age.
But that’s not all. Executive Care also provides supplemental staffing for healthcare facilities around the country, and offers long term care insurance consultation services for families in need.
In this way, we maximize revenue for our franchisees, without resorting to prohibitive premium price strategies.
To ensure profitability, Executive Care also minimizes expenses via an affordable and efficient business model.
Our proven system steers you clear of common pitfalls and streamlines the startup process so you can start generating ROI immediately.
Executive Care estimates your first year initial investment will range between $99,750 and $151,000 which includes your franchise fee, equipment, training expenses, and a substantial chunk of working capital to protect you in the event of any shortfalls. Further, Executive Care proudly participates in the International Franchise Association’s (IFA) VetFran program, which offers veterans a 20% discount on the initial territory fee.
A Sterling Reputation
In the senior care industry, reputation will make or break your business.
It takes time to build trust, but Executive Care franchisees hit the ground running, getting the full benefit of our brand reputation from day-one.
Executive Care’s reviews are sterling on both sides of the business equation. Clients rate us 4.5/5 stars on RateABiz; former employees give us 4.4 out of 5 at Indeed.com; and the Better Business Bureau gives us a 5-star, A+ recommendation. You can also see what current and former franchisees have to say about our system here.
A Smart Territory System
Our territory system is simple, fair, and totally transparent.
Our franchise development teams work with you using state-of-the-art demographics tools to build a profitable market area. Your territory will be comprised of contiguous zip codes with healthy household incomes and population of 500,000 people. No other Executive Care franchise will sell in your area–guaranteed. In this way, we
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.
Learn more about Executive Care at https://executivehomecarefranchise.com