ALWAYS BEST CARE Franchise Startup Cost, Profit & Opportunities
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.
MORE: ASSISTING HANDS HOME CARE FRANCHISING
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.
HOW MUCH IS 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.