ALWAYS BEST CARE Franchise Startup Cost, Profit Margin, Revenue and Locations
Baby boomers are fueling the aging population of the United States of America. Reports have it that about 10,000 senior American citizens reach the age 65 on a daily basis. And this number is expected to double by the year 2050.
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Presently there has been more attention given to preventive health care, and with advancement in medicine, combined with independence among this set of emerging senior citizens, there will definitely be a high demand for assisted living and home care services just as it is been provided by Always Best Care Senior Services. The more reason why a lot of entrepreneurs seek to know how much is an Always Best care Franchise.
ABOUT THE COMPANY
Always Best Care Senior Service was established in the year 1996 and they offer assisted living placement services to senior citizens across America. In 1998, the company diversified into the nonmedical in-home care service and they have been on the top of the game ever since.
The company, located in Roseville, California began selling its franchises in the year 2006 and they are looking for franchisees from across the world. The company can boast of so many years of experience as the founder, Michael Newman had previously owned and ran so many residential care services before he established the company.
WHAT ARE THE SPECIAL SERVICES OFFERED BY ALWAYS BEST CARE?
The company offers these special services to their client-base across the United States and Canada
- Always in Touch is a service that is responsible for the provision of phone call every day to the senior citizens that live on their own or do not have any contact with other people. It might interest you to know that this service is the only free telephone reassurance program you can find anywhere within the United States and Canada.
- Always on Call is a service that provides the company’s clients and their families with round the clock phone access to medical personnel, who can offer virtual assistance over the phone.
- Always Best Care Free ABC Rx Cards allow saving up to 65% off the cost of prescription drugs at over 60,000 drugs outlets in the United States. The company reports that their clients have saved more than $500,000 with the use of this card.
DOES ALWAYS BEST CARE SELL FRANCHISE?
Always Best Care Senior Service is quite popular in the United States and Canada and their services can be considered to be the best in the industry, with so much patronage from thousands of families across North America. One might be forced to ask if Always Best Care Senior Service sells franchise. Yes, they do and they have been selling franchise opportunities since the year 2006.
WHAT IS ALWAYS BEST CARE FRANCHISE OFFER?
Always Best Care Senior Services’ franchise offered is an independent service which is poised to provide the public with assisted living/residential care and non-medical in-home personal services utilizing the company’s unique system and model.
WHAT IS THE COST OF AN ALWAYS BEST CARE FRANCHISE?
To qualify financially for an Always Best Care Senior Service franchise, a prospective franchisee will be expected to have an initial investment in the tune of $60,000 to $120,000. And also, they will be expected to have a net-worth requirement of about $200,000 and then a liquid cash of non-borrowed money of about $100,000. All these summed up with initial franchise fee will cumulate into the cost of an Always best Care Franchise
WHAT IS ALWAYS BEST CARE INITIAL FRANCHISE FEE?
The Always Best Care Initial Franchise fee will give the prospective franchisee the access to the company’s license which will make the franchisee operate with the company’s brand and identity and that will be in the tune of $44,900. The franchisee is also expected to make an on-going royalty fee of 6% as well as an Ad Royalty fee of 2% of the monthly gross revenue.
DOES ALWAYS BEST CARE SENIOR SERVICE OFFER FINANCIAL ASSISTANCE?
The company does not offer any form of financial assistance to the franchisees. Although franchisees will benefit from the company’s relationship with 3rd party lenders.
DOES ALWAYS BEST CARE FRANCHISE OFFER TRAINING?
You will be entitled to be trained as a new franchisee with Always Best Care Senior Service. And the initial training course will hold at the Company’s Headquarters in California.
Duration of training is usually for 1 week and you will be trained for an average of 6-8 hours in a day. The duration may vary depending on the previous experience of the franchisee.
The franchisee will also benefit from an additional 5 days of training and workshop at the franchisee’s location.
As a franchisee with Always Best Care Senior Service, you will get an exclusive territory with a population of at least 200,000 people, which may be delineated by street boundaries, counties, highways, or zip codes. It is expected of the franchisee to operate at any approved territory by the franchisor and permission must be sought before relocating.
AGREEMENT AND RENEWAL
The period of the franchise terms as stipulated by Always Best Care Senior Service is 10 years and if the franchisee is able to meet up with the company’s requirement for extension, they may apply for another term at a fee of $10,000.
Always Best Care Senior Service franchise was founded in 1996 by Michael Newman who established and operated distinct home care and assisted living communities and developed the company in California. The company service was later broadened to incorporate non medical in home services.
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However, Always Best Care started franchising in 2007 and presently has 200 franchised units. Always best care franchise has a business foundation designed to stand firm through financial crisis with eminently respectable and reputable experienced home health care services and is yet the only senior citizens assistance service that combines non-medical home health care, assisted living standard service and home health care to establish three promising revenue routes from the same referral source for franchisees. This three promising revenue routes empower the franchisees of Always Best Care franchise to have an advantage over competitors.
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The Entrepreneur magazine annually selects Always Best Care as one of the top rated senior health care service in the United States, they are also considered to be one of the top franchise opportunities for veterans by the Military Times EDGE.
The system has served over 30,000 seniors with a wide range of afflictions and personal needs. Franchising with Always Best Care is an opportunity made available for individuals interested in suctioning the strategy of the company and deliver modest dependable services to seniors.
ALWAYS BEST CARE FRANCHISE FINANCIAL REQUIREMENTS
Opening an Always Best Care franchise would require;
Initial Investment: Interested franchisee is expected to make an initial investment of $63,725. This payment contains the total franchise fee, beginner’s expenses such as equipment, supplies, real estate, business license and capital.
Net Worth Requirement: This is the net worth of the franchisees without including liabilities. The minimum net worth of a person to become part of Always Best Care franchise is $200,000.
Liquid Cash Requirement: Always Best Care franchise requires a minimum liquid capital of $100,000 to qualify.
Initial Franchise Fee: Always best care franchise fee is one-time payment of $44,900 when finalizing the contract to allow the right to use the franchisors name and business system.
Franchisees would also be required to pay an on going royalty fee of 6% and ad royalty fee of 2%. Consider carefully if you have enough fund to buy into the franchise before you go ahead.
Always Best Care franchise gives a strong combination of corporate and local aid to enable you provide a good plan as an Always Best Care franchise owner.
Always Best Care franchise would provide you the best freelancers who would advice you on the most favorable method to get your license and launch your business keeping in mind the cost and time and help you get ready for any state licensing requirements.
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ALWAYS BEST CARE FRANCHISE TRAINING AND SUPPORT PROGRAM
Coaching for you and your staff, marketing, sales performance metrics, accounts, operating technology, research association and customer indemnification support are provided by the Always Best Care franchise corporate team in Roseville, California.
Decisive planning, tutoring, communication and team development will be made available by your Local Area Representative to start your business.
ALWAYS BEST CARE FRANCHISE FINANCIAL ASSISTANCE
Always Best Care franchise also offers third party financial assistance through BoeFly, Guidant financial and a few others.
Marketing and Advertising Superiority
The Always Best Care advertising and marketing program has been highly regarded with more awards than other senior care franchise system in the United States due to its ability to easily create brand awareness and reduce the cost of sales for always best franchise.
ALWAYS BEST CARE FRANCHISE TRAINING
The elementary training course will be conducted at the corporate office located at Citrus Height, California. The time required to complete the training program depends on the franchisees previous work knowledge. However, the training is normally six to eight hours per day for one week. Which includes 35 hours of classroom training and 48 hours of on the job practice.
ALWAYS BEST CARE FRANCHISE TERM OF AGREEMENT AND RENEWAL
The renewal fee is $10,000 which lasts a length of 10 years and an extra 10 years can be added if the franchisees company is in good condition.
HOW TO OPEN AN ALWAYS BEST CARE FRANCHISE
If you are interested and want to become a franchisee of Always Best Care franchise, visit this link https://franchisewithalwaysbestcare.com/application/ and fill in the form with your details. When you are done, click on the submit button.
You will receive an email on your application status and what to do next.
Always Best Care franchise is an independent advantageous career opportunity which would also give you the chance to change people’s lives favorably. Before you finally decide to buy into Always Best Care franchise, make sure you are fully willing to follow the system without objections because when customers see the franchise logo, they expect a specific system of operation.