What is the Senior Home Care Franchise Cost?
Deciding to become a small business owner requires an investment in time, resources, and money, and an Executive Home Care franchise opportunity is no different. But taking advantage of our offering means you’ll have our years of experience behind you, expertise that has allowed us to refine our senior care franchise cost to factor in just about everything you’ll need to get your franchise up and running. As you learn more about our industry-leading brand, below are some important numbers to consider.
Executive Home Care Franchise Cost
| Low End | High End | |
|---|---|---|
| Franchise Fee | $49,900 | $49,900 |
| Technology | $2000 | $4000 |
| Furniture & Fixtures | $1000 | $5000 |
| Net Worth | $200,000 | $200,000 |
| Working Capital | $45,000* | $68,000* |
| Total Investment Range | $100,950 | $143,700 |
| Royalty | 5% | 5% |
| Type of Expenditure | Amount | Method of Payment | When Due | To Whom Payment is Made |
|---|---|---|---|---|
| Initial Franchise Fee Note 1 | $49,900 (initial franchise fee reduced for each additional Franchise Agreement you sign) | Lump Sum | Total due on signing of Franchise Agreement. | Us. |
| Computer Equipment and Point of Sale System Note 2 | $2,000-$5,000 | As Arranged | Prior to Opening | Approved Third Party Suppliers. |
| Signage & Trade Dress Requirements Note 3 | $2,500-$5,000 | As Arranged | Prior to Opening | Designated/Approved Third Party Suppliers. |
| Furniture, Fixtures, Equipment and Supplies Note 3 | $1,000-$5,000 | As Arranged | Prior to Opening | Approved Third Party Suppliers. |
| Prepaid Rent and Security Deposit; Leasehold Improvements; & Utilities Note 4 | $1,000-$5,000 | As Arranged | Prior to Opening | Landlord. |
| Insurance and Bonds Note 5 | $1,300-$3,800 | As Arranged | Prior to Opening | Approved Third Party Suppliers. |
| Legal Fees, Incorporation Fees, Licenses and Permits Note 6 | $750-$15,000 | As Arranged | Prior to Opening | Governmental Agencies, Lawyers, Third Party Suppliers. |
| Travel, Lodging, Meals Etc. for Initial Training Note 7 | $2,000-$5,000 | As Arranged | Prior to Opening | Third Party Suppliers. |
|
Additional Funds (Working capital to cover 3 Employees months of expenses such as payroll, utilities, systems fees, and advertising during early stages of operation) Notes 8 |
$40,500-$50,000 | As Arranged | As Incurred | Third Party Suppliers, Employees |
| TOTAL See Note 8 | $100,950 to $143,700 | |||
This investment range includes our one-time franchise fee and factors in other expenses like payroll, licensing and insurance, rent and utilities, marketing, and more. Furthermore, we proudly participate in the International Franchise Association’s VetFran program by offering veterans a 20% discount on the initial franchise fee. A second territory franchise fee is reduced to $39,900 and a third to $34,500 — meaning the more franchises you open, the more you save!
* Working capital applies to expenses like payroll, licensing & insurance, rent and utilities, marketing, and more. There is also a 5% royalty.
- Proud participant in IFA’s VetFran program with 20% discount on initial Franchise Fee.
- Multi-unit discounts:
•$39,900 for second territory
•$34,500 for third territory.
Additional Costs and Benefits
10%
$39,900
$34,500
What Does Your Home Care Franchise Investment
Get You? Plenty!
Executive Home Care franchisee.
Multiple Revenue Streams
Your Own Territory
Advanced Technology
Training and Support
Ready to find out more about our senior care franchise cost?
Feel free to request a copy of our Franchise Disclosure Document.
What Does Your Investment
Get You? Plenty!
Executive Home Care franchisee.
Multiple Revenue Streams
Your Own Territory
Advanced Technology
