What Can I Expect When Starting a Senior Care Franchise?
In today’s post, the Executive Home Care team breaks down four things you can expect when starting a senior care franchise using our proven systems.
What kind of start-up costs can I expect when starting a senior care franchise with Executive Home Care?
A primary concern for prospective franchisees is the start-up expenses involved in realizing their dreams of business ownership. Though individual start-up costs may differ, these are the expenses you can expect when you join the Executive Home Care family:
- Initial franchise fee – $44,900
- Computer equipment – $2,000 to $5,000
- Signage and Trade Dress $1,000 to $5,000
- Furniture, fixtures, equipment, and supplies – $1,000 to $5,000
- Prepaid rent, security deposit, and improvements – $600 to $2,800
- Insurance and bonds – $2,500 to $5,000
- Legal and incorporation fees and licenses – $750 to $10,000
- Travel, lodging, and meals during start-up training – $500 to $2,000
- Grand opening advertising – $2,000
- Vehicle – $0 to $1,000
- Working capital – $44,500 to $68,300
As you can see, many of these expenses can be reduced with diligent research. The cost of computer equipment, office furnishings, and lodging during training is all ultimately within your control.
All told, starting a senior care franchise with our family will cost you around $100,000. We have worked hard to create a brand that offers high-quality training, ongoing support and coaching services, and nationally recognized marketing services, without burdened franchisees with a prohibitive start-up fee.
What kind of workload can I expected when starting a senior care franchise with Executive Home Care?
When you own a senior care franchise, you control your daily workload. Some career-oriented individuals can’t wait to throw themselves into their new vocation with full-time intensity, while others prefer to take a more hands-off approach.
Ultimately, your workload will depend on your chosen business model. Our senior care franchise offers three models: single-unit ownership, multi-unit ownership, and the investor/executive model.
What kind of return on investment can I expect when starting a senior care franchise with Executive Home Care?
The demand for senior care has never been greater. American Baby Boomers are aging past 65, and as they settle into their golden years, this generation is putting unprecedented demand on the healthcare industry. An estimated 1 in 5 Americans will be over the age of 65 by 2020, and nearly 90% of them will require some form of at-home care.
Starting a senior care franchise with the Executive Home Care team is your chance to hitch your wagon to the fastest growing sector in healthcare. Our team offers seven separate revenue streams to maximize your client conversion rate and give you the most opportunities to positively affect your community.
What kind of support can I expect when starting a senior care franchise with Executive Home Care?
Our training is multi-tiered to suit every level of experience. Whether you’re joining as a total newbie or an experienced homecare provider looking to continue your education, our world class training curriculum has something for you.
Beyond the start-up training and opportunities for continuing education, we offer ongoing support services to help new and old franchisees problem-solve on the road to success. In addition to scheduled support visits to your location, our experts are only ever a phone call away to guide you.
You can view a comprehensive breakdown of our training offerings at https://executivehomecarefranchise.com/executive-home-care/training-and-support/