Funding support for your homecare franchise
When starting any business, it’s important to know that you have the funds to run a sustainable, resilient business in the short, medium and long-term.
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Our funding support includes:
- Business planning support
- 3 year cashflow forecasts
- Proprietary costing models
- Relationships with high-street lenders
Our transparent, honest and practical funding support builds on our market-leading Shared Success Guarantee.
This commitment is built for the new reality of high interest rates. We don’t believe it is right for us to profit from our joining fees before we’ve added any value to your business – that’s why we’re able to offer joining fees roughly £7,500-£20,000 less than our comparable rivals.
This gives you more funding options, and frees up your capital to turbocharge your growth, which makes you more attractive for funders to lend to, if required.
“The funding support offered by GoodOaks was pivotal in helping me secure the borrowing I needed to get by business off the ground.”
Beatrice Kinyua
Auditor turned Care Entrepreneur
At GoodOaks, there’s a few ways we can help with funding support:
We believe unnecessarily high up-front joining fees can choke franchisee growth, put undue stress on franchise partners, and create perverse incentives to sell more territories rather than develop and support the ones a franchisor has already awarded.
That’s why we’ve developed the Shared Success Guarantee – by enabling people to join our network at cost, our interests are totally aligned with yours.
With interest rates soaring, the cost of money is higher than it has been in decades, so our Guarantee not only saves you £7,500 to £20,000, but also the interest you’d have spent funding that initial outlay.
You can therefore invest more in business growth, borrow less capital, and experience award-winning support, training and tools. Your success = our success.
Once you have reserved your territory and paid a refundable deposit, we begin the business planning process. An experienced, independent business coach will work closely with you to put together a business plan and financial projections based both on the GoodOaks model and your local research.
Once completed, you can use your business plan to apply for finance independently, or if needed, you can work with a partner company specialising in franchise finance brokerage.
Because we have open, up-front and honest discussions about funding early in the process, our franchise partners have had a 100% success record when applying for funding.
As part of the GoodOaks Homecare Franchise Package, we provide an online marketing budget (which includes management of online advertising on your behalf) in order to help grow your business.
The quicker your business grows, the sooner you break even and can start building up your company’s cash reserves.
Business and marketing support
Here we break down some of the support that our team provides for our franchise partners.
Technology support
We have embraced proven home care technology to enable our franchise partners to provide a personalised, responsive and efficient care service to their local area.
Care support
With our care support, our franchise partners provide effective and safe care that vulnerable people rely on for their health and well-being.
Business support
Our business support plays an important role in our franchise partners’ success. A business mentor provides guidance, a sounding board and pointers to keep you on track.
Marketing support
Using our innovative suite of marketing tools and support, our franchise partners grow their business and develop their local reputation for quality care at home.
Start-up support
During the most critical period of a business, our start-up support enables our franchise partners to hit the ground running as efficiently and effectively as possible