Executive Home Care Ranked a Top New Franchise by Entrepreneur Magazine
For the second consecutive year, Executive Home Care, one of the nation’s leading providers of skilled home health care, has been ranked in Entrepreneur magazine’s Top New Franchises list. This list recognizes the top 100 companies that have been franchising for five years or less, based on data submitted for Entrepreneur’s Franchise 500® ranking.
Executive Home Care jumped 25 spots, from #36 in 2016 to #11 in the most recent list.
“It is a true honor to be recognized yet again by this prestigious list,” said Lenny Verkhoglaz, co-founder and CEO of Executive Care. “We are putting forth an extraordinary effort, and it is all directed back to our clients, employees, franchisees and friends, all of whom are an integral part of our continued efforts to provide high-quality compassionate home care and peace of mind to our clients and their families.”
Founded in 2004 and franchising since 2012, Executive Care provides a full range of medical and non-medical home care services for individuals and families to help them remain independent and stay in their home. Services range from companionship and help with meal preparation and household chores to help with bathing, personal hygiene and personal care. Executive Care also serves individuals recovering from illness, injury or surgery.
The recent ranking comes at a time of tremendous growth for the New Jersey-based franchise. Executive Care has experienced 40 percent unit growth over the past year and an impressive 250 percent unit growth over the last three years. With 12 offices open and operating in nine states, and nine more in various stages of development in New Jersey, Washington, Pennsylvania, Connecticut and California, Executive Care plans to open as many as 10 new offices this year alone.
“There was an impressive number of new franchise concepts vying for a ranking this year,” says Jason Feifer, editor in chief of Entrepreneur. “These companies are already getting attention in the franchise world for their innovative products and services, marketing methods, and technologies.”
Entrepreneur’s 2017 Top New Franchises ranking was determined using the company’s Franchise 500 formula, which is a comprehensive evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.
The full ranking can be found by visiting www.entrepreneur.com/franchises/topnew. Results can also be seen in the April issue of Entrepreneur available now on newsstands.