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Updated RecentlyExecutive Care vs Golden Heart Senior Care Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Executive Care vs Golden Heart Senior 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 | $99,650 - $169,900 | $49,325 - $80,650 |
| Franchise Fee | $44,900 | $39,500 |
| Royalty Fee | 5% | 6% |
| Advertising Fee | - | - |
| Year Founded | 2004 | 2009 |
| Year Franchised | 2012 | 2010 |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| Renewal Fee | - | - |
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 | -/- | -/- |
| Start-up Costs | -/- | -/- |
| Equipment | -/- | -/- |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
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| 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. | Our training program is designed to get you into business quickly. We have a series of modules you will complete at home before you come to corporate for training. These modules cover establishing your business, hiring caregivers, training on our virtual office software system, and setting up your insurance policies. When you arrive at corporate, you will spend two days going through comprehensive marketing training. We focus on what is important to you, finding clients! |
| 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 | - | - |
| Operations | - | Franchise can be run from home. *20% of all franchisees own more than one unit. *Number of employees needed to run franchised unit: 25 - 30. *Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators). |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | - | - |
| International Expansion | - | - |
Company Overviews
About Executive Care
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About Golden Heart Senior Care
In-home non-medical care is our core service offering. Our services are in demand and include: *Companion Care *Home Helper Services *Personal Care *Respite Care *Meal Preparation *Alzheimer's & Demntia *Housekeeping & Laundry *Medication Reminders *Sleep-Over Attendant Care *Bathing & Grooming *Incontinence Issues *Transport to Dr's Appointments *Personal Emergency Response *FREE Assisted Living Placement ...and so much more
We have extensive franchise development experience unparalleled in the senior care industry. We have unique proprietary marketing systems to help franchisees get clients. We offer multiple revenue streams from the same franchise! We are one of the few companies in the industry that offers Area Representative Franchises (Master Franchises) which provides for high quality support at the local level. We have prime territories available where many others are sold out. Our franchisees can operate from their home office and will utilize our custom virtual office software system. The entire business can be operated from a laptop computer anywhere in the world.
We offer single unit franchise, multi - unit franchises and Master Franchises. We have prime territories available but they are selling quickly.