Franchising details
Why become a Walfinch Homecare franchisee?
Around 20% of the population is aged over 65 and the demand for care services exponentially surpasses supply. There will always be people who want to get more out of life, but require homecare to make it possible. With Walfinch you could be the one to provide it.
Of course, you could set up a home care business on your own, but this is a highly regulated sector where the utmost attention to the quality of care is essential. Starting your business with Walfinch means you’ll have training and guidance every step of the way so you can provide the highest quality of care within your community.
Walfinch has ambitious plans to grow. We’re looking to redefine homecare and what it can offer.
We’re large enough to have lots of experience, but small enough to give you the individual support you’ll need to succeed.
Furthermore, we know what success looks like as our CEO Amrit used to be a franchisee himself, before he set up Walfinch, a privately owned British homecare brand. Amrit Dhaliwal’s story is a successful one. He’s a first generation Indian entrepreneur who set out to create homecare “people want to choose, rather than choose reluctantly”.
Will you join him on his journey to be everyone’s first choice for homecare?
Financial information
Start-up costs can vary, but the minimum investment required is £33,000-plus VAT. The company also charges a management support fee (MSF) of five per cent (plus VAT).
The right franchisees have the potential to achieve turnover of £1000,000 by Year 4.
The company states that expected revenue for years one to five is:
- Year 1 - £319,000
- Year 2 - £585,077
- Year 3 - £852,800
- Year 4 - £1,050,944
- Year 5 - £1,277,936
What locations is Walfinch looking to operate in?
The company has franchises available across the UK.
What are the franchise terms of agreement and renewal? The franchise agreement lasts for 10 years and comprises two five-year periods.
Why is Walfinch a good investment? This care provider delivers an essential service to a client base that is consistently growing and offers a recession-resistant business model that has the potential for significant financial returns.
It’s committed franchisees are supported by a dedicated leadership team. For their investment, franchisees get:
- An exclusive territory
- Comprehensive training
- Access to a franchise network of like-minded fellow franchisees
- Dedicated business coaching and ongoing support
- Assistance with recruiting carers
- Association with a prestigious brand
- A tried and tested business model that has a proven success rate, significant potential financial returns and strong cash flow
- Technological procedures and customer management systems that provide efficiency and retain quality.
How does the Walfinch franchise business model work?
The Walfinch franchise model’s success is driven by its values and professional standards of care, combined with the careful deployment of technology to future-proof your business in the digital age.
Franchisees benefit from technology provided to streamline most administrative tasks, so they can spend more time on building rewarding relationships with care clients and customers, which drives more business.
Franchisees’ care teams use technology that ensures care, medication and client health are carefully monitored and which allows clients’ families, caregivers and the franchisee to interact with each other.
This makes it easier to ensure care standards are always upheld and communication maintained, which leads to happier clients and more personal recommendations. Walfinch is a white-collar management franchise and there is a choice of both single-care franchises and multi-unit opportunities.
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Franchise costs and details
Training and support
Care is, rightly, a highly regulated business and Walfinch always abides by – and strives to exceed – all the national regulations and standards, while making it as straightforward as possible for franchisees to achieve the highest standards.
Amrit knows first-hand that the development and support of incoming and existing franchisees is crucial to a successful care business.
A comprehensive package of training and support, along with business advice, is provided to all Walfinch franchisees.
Initial franchisee training includes:
- A 10-day initial formal training programme
- Help with Care Quality Commission (CQC) registration
- A 90-day business launch plan
- Marketing and business development training
- Software training
- Assistance with office set-up
- Weekly support meetings
- A full administrative system
- An operations manual
- 250 business cards and 500 A5 leaflets.
Ongoing training and support includes:
- 45 hours of ongoing training and support annually
- Recruitment workshops to help you recruit and retain the very best caregivers
- Business development workshops (monthly) to help you grow your business
- Compliance coaching to ensure you meet - and exceed - the highest regulatory standards
- Business coaching
- Periodic CQC-style inspections led by the franchisor to prepare you for the all-important official CQC inspections or care inspectorate in Scotland, Wales and Northern Ireland.
