Executive Care Ranks On Entrepreneur’s Highly Competitive 40th Annual Franchise 500® For Third Consecutive Year
January 16, 2019 // Franchising.com // Hackensack, New Jersey - Executive Home Care recently ranked No. 466 in Entrepreneur magazine’s Franchise 500®, the world’s first, best and most comprehensive franchise ranking.
Placement in the Franchise 500® is a highly sought-after honor in the franchise industry, as evidenced by the fact that Entrepreneur received more than 1,000 applications this year, making it one of the company’s most competitive rankings ever. Recognized as an invaluable resource for potential franchisees, Executive Care’s ranking in the Franchise 500® signifies its outstanding performance in areas including unit growth, financial strength and stability, and brand power.
“It is a true honor to be ranked on the Franchise 500 and we are thrilled to be recognized for three years and counting,” said Lenny Verkhoglaz, founder and CEO of Executive Care. “Since the beginning, Executive Care has been focused on providing the highest-quality of care, while providing a valuable opportunity for our franchise partners. We are proud of all we have accomplished and look forward to propelling the brand to new heights in 2019 and beyond.”
Founded in 2004, Executive Care offers a variety of caregiving and skilled services to help families often overwhelmed with the responsibility of providing care to a loved one – all while ensuring the patient remains in the comfort of his or her own home. Services range from companionship and help with meal preparation and household chores to help with bathing, personal hygiene and personal care. Executive Care also serves individuals recovering from illness, injury or surgery. Today, Executive Care has 22 locations in 11 states.
Over its 40 years in existence, the Franchise 500® has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees. Donatos’ position on the ranking is a testament to its strength as a franchise opportunity.
The key factors that go into the evaluation include costs and fees, size and growth, support, brand strength, and financial strength and stability. Each franchise is given a cumulative score based on an analysis of more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500® in ranking order.
“As we celebrate 40 years of producing the Franchise 500, it’s a good opportunity to step back and look at how much has changed since that first ranking in 1980,” said Jason Feifer, editor in chief of Entrepreneur. “While the franchise business model has changed little, the strongest franchise brands are constantly evolving and innovating to keep up with changing trends and technology.”
To view Executive Care in the full ranking, visit www.entrepreneur.com/franchise500. Results can also be seen in the January/February 2019 issue of Entrepreneur, available on newsstands January 15th.
About Executive Care
Founded in 2004 and based in Hackensack, NJ, Executive Care is a full-service home health care company serving seniors, disabled and recovering individuals. The company also provides staffing in hospitals, nursing homes, and other facilities. Recently ranked #466 in Entrepreneur magazine’s Annual Franchise 500®, Executive Care continues to expand its national footprint with 22 locations in 11 states, and several locations in various stages of development. For more information, visit http://executivehomecare.com/
SOURCE Executive Care
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