Executive Care vs LivHOME Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Executive Care vs LivHOME including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
Investment |
$99,650 - $169,900 | $95,000 - $150,000 |
Franchise Fee |
$44,900 | $40,000 |
Royalty Fee |
5% | - |
Advertising Fee |
- | - |
Year Founded |
2004 | 1999 |
Year Franchised |
2012 | 2010 |
Term Of Agreement |
10 years | - |
Term Of Agreement |
10 years | - |
Renewal Fee |
- | - |
Business Experience Requirements |
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 |
|
In-House/3rd Party | In-House/3rd Party |
Franchise Fees |
-/- | -/- |
Start-up Costs |
-/- | -/- |
Equipment |
-/- | -/- |
Inventory |
-/- | -/- |
Receivables |
-/- | -/- |
Payroll |
-/- | -/- |
Training & Support |
Training |
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. | *Two-week intensive training at LivHOME corporate headquarters
*Specialized training for conditions such as dementia
*Marketing and PR training |
Support |
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 assessment of your territory
* Strategic planning and guidance in key operational areas
* Do-It-Yourself PR manual so you can drive awareness and attract potential clients
* Ongoing field visits and strategic support
* Proprietary computer system for back-office functions
* Established Caregiver recruitment and retention programs
* Deep research on professional groups
* Top-notch sales collateral
* Advertising support
* Vast library of educational content you can use for marketing (podcast, blog, news stories, etc.) |
Marketing |
- | - |
Operations |
- | - |
Expansion Plans |
US Expansion |
Yes | Yes |
Canada Expansion |
- | - |
International Expansion |
- | - |
Company Overviews
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.
#454 in Franchise 500 for 2020.
About LivHOME
Become a LivHOME Franchisee
Build a better life for yourself - and the seniors you will serve
Opportunity
LivHOME, one of the nation's largest professionally led home care providers for seniors, began offering franchises to qualified applicants and has great territories available in highly desirable locations.
Because of LivHOME's professionally led model, which focuses on
providing quality care overseen by highly trained Geriatric Care Managers, LivHOME competes on value, not price.
Growth Potential
Growing Industry: The US senior population is forecast to nearly double to 70 million by 2030, which is expected to result in consistently increasing demand for LivHOME services. The
industry is poised for strong growth, and franchise owners can best take advantage of this by working with the
most reputable provider that can provide real support for both obtaining leads and building a premier referral base for long-term success.
Obtaining Leads: LivHOME's well-developed marketing program works to drive leads and builds credibility across all of our markets.
Programs in support of franchise owners include:
LivHOME's state-of-the-art website, which draws thousands of new visitors each month;
A PR program, which has won the company coverage in publications including The Wall Street Journal,
New York Times, The Remington Report, CARING and Advance magazine; and
The Senior Care Podcast by LivHOME, a web-based audio show that targets seniors, their family members, professional referrers and others in the industry.
Building a Sales Base: Long-term success does not come from one-time leads, but from strategically developed
relationships with premier referring professionals in local communities. LivHOME has developed a highly
effective sales program built upon knowing how to reach these professionals, how to sell to them, and how
to develop long-term growth from this strong base. More than 10,000 professionals have referred clients to
LivHOME.
LivHOME has been named to the Inc. 5000 list of fastest growing private companies for FOUR
consecutive years!'
For more information, visit
www.livhomefranchise.com