Top 6 FAQ from Prospective Senior Care Franchise Owners
Thinking about starting a senior care franchise, but finding yourself frozen by fear of the unknown? We can help! In today’s post, we break down the top 6 FAQ we hear from prospective senior care franchise owners.
What does a senior care franchise owner do?
Working with the Executive Home Care family gives senior care franchise owners a lot of flexibility in terms of how to structure their days. While some owners are excited to jump in as members of hte care team, others prefer to manage the staff, marketing, finances, and company infrastructure. Ultimately, the choice is yours, and our top-notch training will bring you up to speed in whichever role you wish to take.
Caregivers will typically spend most of their days caring for clients aged 65 and above in their own home. Caregiving ranges from assistance with daily living activities, including laundry, meal preparation, medication reminders, and housekeeping, to skilled and specialized nursing duties.
What if I lack experience in this industry?
Don’t worry! Our training program and ongoing support services are of use to veterans and newbies alike. Whether you need to polish a few key areas or construct an entire skillset from scratch, we can make it happen with our no-nonsense training program.
Is senior care franchise ownership profitable?
Though many people pursue careers in senior care for the gratification that comes with helping others live happier, comfier, independent lives, there’s no denying that the financial incentive is a strong one! Senior care is a multi-billion dollar industry. The demand for qualified senior care providers is growing, with 1 in 5 Americans projected to be above the age of 65 by 2020. Furthermore, home care services represent one of the fastest growing sectors in the healthcare.
The U.S Department of Labor reported last year that senior care workers have never been more highly sought after, and the reason for this is two-fold. First, medical advances have elevated the possibilities for home-care, eliminating the need for hospital visits for many forms of treatment. Second, the increasing cost of healthcare has added considerable value to the affordability of the in-home care model.
With this in mind, it’s easy to see why so many entrepreneurs are getting involved with senior care franchises.
Can I work part-time?
Our senior care franchise emphasizes flexibility. We like to think that we offer something for everyone, whether you plan on committing full-time, or would like to juggling two or more careers at once.
Is it expensive to get started?
While many promising franchise opportunities end up being cost-prohibitive, investing in a senior care franchise is surprisingly affordable! When you compare the cost of start-up with what you’d expect to pay in other (less profitable) industries, the value of the Executive Home Care model only increases. Most people can get started with about $100,000. This figure includes $44,500-68,300 of your own working capital. This cost includes the franchise fee, computer equipment, signage and trade dress, business supplies and furnishings, insurance and bonds, prepaid rent, licensing fees, cost of training, and more.
Furthermore, we offer a number of senior care franchise discount opportunities to make your entry into this exciting industry even more affordable.
How do I find customers?
When you pay your senior care franchise fee, one of the biggest assets you’re buying is access to our established brand name. The Executive Home Care brand is a seal of high-quality care, which means you can skip building a reputation and start serving a clientele right away. Additionally, our marketing assistance program is specially designed to increase sales, ramp up client traffic, and boost your bottom line. We’ll set you up with the training you need to manage a personalized website, print marketing presence, social media campaign, and public relations plan.
Want to learn more details about senior care franchise ownership? Visit our website at https://www.executivehomecarefranchise.com.