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Updated RecentlyCareMinders vs Executive Care Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of CareMinders vs Executive Care including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $138,100 - $199,000 | $99,650 - $169,900 |
| Franchise Fee | $39,000 | $44,900 |
| Royalty Fee | 3.75%-5% | 5% |
| Advertising Fee | - | - |
| Year Founded | 2004 | 2004 |
| Year Franchised | 2004 | 2012 |
| Term Of Agreement | 10 years | 10 years |
| Term Of Agreement | 10 years | 10 years |
| Renewal Fee | $2500 | - |
Business Experience Requirements |
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| Experience | - | Optimistic Strong management and/or marketing sales backgrounds Readiness to learn and a passion to succeed. A minimum net worth of $200,000 to $300,000 and at least $100,000 liquid capital available for investment into the business Able to work long hours Not afraid of financial risks Supporting spouse and/or family Exceptional time-management skills and ability to multi-task Commitment to the mission, principles and guidelines of the Executive Care franchise system Commitment to your Executive Care business, your clients and your community If this describes you, and YOUR goals line-up with OUR goals, we want to begin a discussion with you. |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | -/- |
| Start-up Costs | No/No | -/- |
| Equipment | No/- | -/- |
| Inventory | No/No | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| Training | Having the tools and systems in place to build and manage your business is paramount and our five day training course is extremely thorough. | Executive Care has developed a comprehensive one-week instructional and hands-on training program to guide new owners every step of the way as they move toward opening their own Executive Care business. The training takes place at our corporate offices in Hackensack, New Jersey. You will learn about the administrative and operational sides of the business and specific sales and marketing techniques for a home care franchise. You will also spend time with Executive Care operations managers, patient coordinators and home care marketers to learn and experience the inner-workings of a fully-functional home care agency. You will receive hands-on training in our computer software platform, which includes scheduling, billing and payroll functions, customer relationship management (CRM), and a proprietary intranet for easy communication between franchisees and Executive Care franchise team. |
| Support | We provide you with a copy of the official CareMinders� Home Care operations manual is your blueprint to building and growing your CareMinders� Home Care franchise. We found the best home care software company in the U.S. to provide our franchisees with a complete business application for the daily management of their business. You will never be alone. Our team will provide continued training and support for all aspects of the business. | After opening of your own Executive Care business, we are committed to supporting you and your team to address any needs you may have regarding recruiting, networking, business planning, marketing and growth. Executive Support Program For the first 12 months of your operations, you'll be enrolled in the Executive Support Program. In this program, a support person will be assigned to you and will be dedicated to answering all of your questions as you develop and grow your new Executive Care business. |
| Marketing | We have the marketing pieces, programs and other tools you will use to create the marketplace recognition you will achieve and assist you in attracting new customers and increased revenues. | - |
| Operations | - | - |
Expansion Plans |
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| US Expansion | - | Yes |
| Canada Expansion | No | - |
| International Expansion | No | - |
Company Overviews
About CareMinders
Life At Home Is The Key To Independence
CareMinders Franchisees offer both Medical and Non-Medical home care: companionship, personal , skilled care and related home support services and assistance to all ages of handicapped, convalescing and dependant individuals in their own homes, and when permitted, in nursing homes, hospitals, assisted care facilities and other medical settings.CareMinders Home Care is dedicated to enhancing the quality of life through delivering compassionate skilled and non-medical care to clients at home by trained and dedicated staff who continuously strive for excellence. We provide for the safety and security of clients, regardless of age, by offering personalized care and related home support services as well as harmonious companionship. We build relationships beginning with the very first encounter with a goal of providing the highest quality of care, second to none.
We offer a wide range of both long and short term assistance to our clients, regardless of age. You or your loved one may have a temporary or permanent disability or illness, or may just be in need of someone to assist with a variety of services. Examples of the skilled and non-medical services we provide include the following:
*Nursing Services
*Personal Care Services
*Live-In Services
*Therapeutic Services
*Counseling Services
*Multiple Revenue Stream Opportunities
*Many more services customized to meet the needs of our clients
About Executive Care
Starting a business on the right path is critical, and with the Executive Care Franchise Team on your side, we are confident you will be successful.
Recession-proof business in a growing market.
With population growth, demand for home care is greatly expanding and will continue to expand well into the 21st Century.
A successful and effective business model,
Executive Care's proven business model provides excellent opportunity to succeed. The model provides franchisees with a framework to meet customer needs, utilize key resources, and allow Executive Care to deliver exceptional customer value.
An individual approach to franchisee support
Executive Care provides each and every franchisee with proven systems, operations and procedures manuals, software technology platform, resources and support. Our goal is to help all franchisees deliver the best possible home care services to clients.
Executive Care provides its franchisees with a complete back-office support, including payroll processing, and billing of accounts. We take care of your back office so you can focus on marketing and sales!
An experienced and dedicated team
The Executive Care team is diversified in its knowledge, skills, and qualities but has a singular passion - you!
Large Protected Territories
Executive Care proprietary mapping and demographics software will help you find the best areas to set up and operate you home care business.
Low startup costs and royalties of 5% .
There is an initial franchise fee of $44,900 which grants you the license to run a business under the Executive Home Care name.
Executive Care Opportunity
An opportunity to make a difference in your community and build a successful and rewarding business.
Executive Care is committed to each and every franchisee so that you will be well-prepared to operate your own Executive Care home care business.
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