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Always Best Care Franchise Investment Opportunity
Franchise Fees & Investment
The total investment needed to begin operation of an Always Best Care Senior Services franchise ranges from $74,725 to $125,400. This includes:
- The base franchise fee
- Estimated costs of travel and other expenses while training
- Three month’s rent upfront
- Furniture and fixtures
- Signage
- Office equipment
- Insurance
- Opening inventory
- Local advertising
- Computer equipment
- Licenses
- Professional fees Miscellaneous costs.
Your Franchise Development Specialist will explain these costs in detail, and they can also be found in the Franchise Disclosure Document (FDD).
The base franchise fee is $49.900 (included in the total investment shown above)The franchise fee includes your initial supply of brochures, stationery, business cards, forms, checklists, and contracts. polo-style shirts and a website that will be created for you according to our specifications.
Always Best Care Franchising FAQs
Always Best Care offers a variety of care options for seniors, including non-medical in-home care, assisted living referral services, and Alzheimer’s and dementia care. Start-up costs will vary depending on the size of your territory and your initial staffing, but they generally average between $63,725 and $114,400, comparable to or less than many other popular service-oriented franchises.
Always Best Care was named one of the “top low-cost franchises” by Franchise Business Review. The comparably low cost of starting an Always Best Care in-home senior care makes it a very affordable proposition.
With America’s aging Baby Boomer population, the senior care industry is growing rapidly. According to the Pew Research Center, more than 10,000 Americans turn 65 every day, and the number of individuals 65 and older in the U.S. is projected to double over the next 30 years.
By 2040, one in five Americans (about 81.2 million people, or 20% of the population) will be 65 or older. The 85+ population is expected to grow even faster, increasing nearly 150% during the next 30 years, from 5.7 million in 2010 to 14.2 million in 2040. These growing demographics make senior care one of the most lucrative and recession-proof industries in the nation.
Always Best Care provides franchisees with a broad range of marketing materials and training to ensure the best chances of success. The materials focus on targeting specific market segments in addition to the latest in Internet technology.
Each franchisee is provided with a customizable micro-website as well as information about the best search engine optimization (SEO) strategies and programs. Plus, all franchisees participate in Always Best Care’s National Advertising Fund to help spread brand awareness and generate leads to help them build their businesses. Since 2011, Always Best Care has been honored with numerous awards for marketing and advertising excellence.
Always Best Care provides a “continuum of care” with multiple revenue streams and services for seniors. These include:
- Always in Touch free telephone reassurance
- Non-medical in-home care
- 24/7 round-the-clock home care
- Alzheimer’s & other dementia care
- Home health care (in select markets)
- Always Safe – fall detection & prevention
- Relationships with national referral services
- Escorted tours of assisted living communities
- Free Always Best Care Rx program for prescription discounts
- Veterans’ assistance program
- Lifeline emergency response system
Always Best Care has developed a fully integrated, web-based system that links customer invoicing, accounting and payroll. This enables franchisees to run their entire operation efficiently and effectively and maintain the highest levels of customer service. Franchisees have no up-front costs for software or disaster recovery, and Always Best Care provides automated updates to the system at no additional cost to its franchisees.
Always Best Care is committed to helping ensure the success of franchisees with ongoing, comprehensive training materials and programs. Always Best Care provides a dual level of corporate and field support, with on-site business coaching and field visits, online industry training materials and educational resources, courses for franchisee owners, staff, and care providers.
Franchisees participate in an extensive training program, including one week of intense classroom training at Always Best Care headquarters. They can expect to participate in strategic planning sessions and have access to customizable financial benchmarking and assessment tools as well as structured planning focused on key performance indicators. Franchisees also receive specialized training for staff, including monthly in-service webinars and continuing education units.
Additionally, Always Best Care hosts local, regional and national meetings and annual leadership conferences that include new Always Best Care initiatives, training, and advisory board input. Franchisees will have the opportunity to network with other franchise owners, Area Representatives, National Directors and corporate headquarters team members to exchange ideas and strategies. Always Best Care also provides ongoing SWOT (Strengths, Weaknesses, Opportunities, Threats) analyses to keep franchisees in control of their business.
A major benefit of the senior care industry is that it takes relatively few clients to achieve significant dollar revenues. For example, at Always Best Care, in 2014 an average franchise doing one million dollars in annual revenue had an average of only 59 clients.
See Item 19 in the Always Best Care Franchise Disclosure Document (FDD) for more information. The FDD is available upon request through your Always Best Care franchise development specialist, who can be reached by calling toll-free 1-855-430-CARE (2273).
While every industry may feel some impact in times of recession, the senior care industry is among the most recession-proof in the United States. Unlike material goods, senior services are simply not dispensable, even in times of economic downturn. Plus, the continuously increasing senior population results in a growing base of people in need of in-home care and assisted living services.
Always Best Care franchisees pay a 6% royalty and a 2% marketing fee, which is comparable to other senior care companies.
As one of the leading senior care franchises in the country, Always Best Care has a well-established reputation in the industry. Always Best Care has more than 110 locations in 30 states and has experienced rapid growth since the company began awarding franchises in 2007.
Always Best Care has repeatedly been rated among the top franchises in the nation and has been selected as one of the best franchises for minorities by USA Today, one of the best franchises for veterans by Military Times and Franchise Business Review, and one of the best franchises in America by AmericasBestFranchises.com.
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Always Best Care Franchising
