Executive Home Care

Executive Home Care

Home health care
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2022 Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$100K - $170K
Units as of 2020
23 21.1% over 3 years

Here’s what you need to know if you’re interested in opening a Executive Home Care franchise.

Executive Home Care was founded in 2004 and began franchising in 2012. The home health business serves seniors, the disabled, and those recovering from an illness or surgery in need of medical help at home. Executive Home Care values connection with their clients and an attitude of service.

Executive Home Care franchisees offer home health services, create and adhere to individualized plans of care, offer Alzheimer's and dementia care, light housekeeping and meal preparation, and companionship and peace of mind for their clients.

Since beginning to franchise, Executive Home Care has opened over 20 locations throughout the United States. 

Why You May Want to Start an Executive Home Care Franchise

Executive Home Care values the client experience. Their service relies on a model of C.A.R.E, standing for shared values of Compassion, Attentiveness, Respect, and Excellence. A franchisee considering opening an Executive Home Care franchise will want to look into the company values and be committed to these same values. Potential franchisees should also agree to stay in compliance with state regulations. 

An established customer base for Executive Home Care exists in the Northeast, as well as in Florida. Someone in these areas wanting to franchise may want to consider competition and the potential client base. Franchisees may grow if they can establish consistent clients, create an attitude of care and trust, and adhere to specific state guidelines regarding home healthcare. 

Franchisees must be prepared to supervise and train a skilled team, demonstrate strong communication and time management skills, and understand the necessity of community ties.

What Might Make an Executive Home Care Franchise a Good Choice?

To be part of the Executive Home Care team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising fees and royalty fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements. 

Executive Home Care believes it offers some of the best training and support in the industry. They offer pre-opening training, in-class learning, continuing education, marketing, sales, and advertising resources. These may include website support, print materials, and public relations. 

How To Open an Executive Home Care Franchise

It may not necessary to have a background in healthcare if you want to open an Executive Home Care franchise. People in backgrounds from restaurant management to accounting have experienced growth as Executive Home Care franchisees. However, a passion for the local community and dedication to people may make you a much more likely Executive Home Care franchisee candidate. 

Before making any financial commitment or signing an agreement with Executive Home Care, perform your due diligence and establish if this is the right opportunity for you. As part of your research, you may want to keep a list of questions on-hand for your initial phone call interview, which may be the first step of your path to becoming an Executive Home Care franchisee. The next steps will include further interviews, a review of your proposed territory, discovery day, and finally, an Executive Home Care franchise agreement.

Find Your Perfect Franchise

Company Overview

About Executive Home Care

Related Categories
Senior Care
Founded
2004
Leadership
Leonard Verkhoglaz, CEO

Franchising Overview

Franchising Since
2012 (10 years)
# of employees at HQ
12
# of Units
23 (as of 2020)

Franchisor Information

Corporate Address
270 State St.
Hackensack, NJ 07601

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Executive Home Care franchise.

Financial Requirements & Ongoing Fees

Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee
$44,900
Initial Investment
$99,650 - $169,900
Net Worth Requirement
$200,000
Cash Requirement
$200,000
Veteran Incentives
20% off franchise fee
Royalty Fee
5%
Term of Agreement
10 years
Is franchise term renewable?
Yes
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Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing
Executive Home Care has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training
40 hours
Classroom Training
72 hours
Additional Training
Two visits to franchisee location per year
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Ad Templates
Marketing Planning & Support
Social Media
SEO
Website Development
Email Marketing

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
Yes
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
3
Are exclusive territories available?
Yes
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Franchise 500 Ranking History

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021