Executive Home Care Experiences Remarkable Growth in 2017
Executive Home Care closed out 2017 on a high note after demonstrating impressive growth for the year. The new Jersey-based franchise, known for its high-quality home health care services, is on track for even greater growth in 2018.
In 2017, Executive Care opened seven new offices, bringing the company total to 20 locations in 10 states. In addition, the brand signed five new development agreements for seven additional offices in the next few years.
“We are very pleased with the growth Executive Care has accomplished in the past year,” founder and CEO Lenny Verkhoglaz said. “As we continue building on 2017’s success and momentum, we look forward to bringing our experienced and skilled home care and personal care services to even more people in 2018.”
Looking ahead to 2018, the brand plans to open 10 offices in five new states: Kentucky, Virginia, Massachusetts, Ohio and Minnesota. According to Verkhoglaz, two of those locations are set to open in the first quarter of the New Year.
“The home health care industry is experiencing a “silver tsunami,” wherein there are more than 10,000 people reaching the age of 65 that there are caregivers to provide them necessary services,” Verkhoglaz noted. “At Executive Care we strive to provide the high-quality of care in our client’s own homes, and we are excited to continue growing to match this growing demand.”
Including a franchisee fee (for a territory with a population of 500,000 residents) of $44,900, initial investment to own and operate an Executive Care office ranges between $99,650 and $169,900. The franchise fee for a second territory is reduced to $35,900 and $29,500 for a third territory.