How much is the franchise royalty?
The royalty is 6% plus GST of the gross revenue.
What we look for in a Just Better Care Franchisee?
We look for franchisees that have health sector experience and share our commitment to opening strong and professional community care businesses. We also look for people that are currently or are willing to embrace our industry and will be active in driving business growth and compliance. Strong candidates should be able to meet our financial requirements and have a general history of achievement and successes.
What is the establishment cost?
The typical up-front investment to open a Just Better Care franchise is in the order of $95,000 - $125,000, which includes the Initial Franchise Fee, Launch Promotional Investment and Business and Office Establishment within the franchise territory.
Can I sell my Just Better Care business?
You can sell the business at any time during the initial term or subsequent renewal periods of the agreement. However, the business must be sold to an operator that is approved by Just Better Care Australia and the new owners must agree to the conditions of the then current Franchise Agreement.
How much working capital do I need?
It is important franchisees have sufficient funds to cover office set up, operating costs and sales and business development activities until such time as they have grown revenue to a satisfactory level to support their ongoing business operations.
In some cases franchises reach financial breakeven relatively quickly, although in other cases this can take much longer. Many factors impact on the time it takes a new business to grow and build up its customer base. We generally see Just Better Care franchisees entering the system with working capital to fund business activities for a period of approximately 1-2 years from commencement, circa $65,000 – $165,000 + GST, however advice should be sought from your accountant and or business advisors regarding the amount of working capital you will require, as this will vary based on multiple factors including office rental, trading terms, debtor control, wages, revenue growth, expenses, ability to attract customers and a franchisees own personnel requirements.
What will I do as a Just Better Care Franchise Owner?
When you begin your business, your role will include promoting and marketing Just Better Care services in your territory, recruiting staff and administrative work. Unless you are an experienced in service delivery and services coordination we strongly recommend that you recruit persons with industry specific experience. As your business grows and you hire more staff your role will mainly be one of leadership, business development, workforce management, compliance and financial control.
Is there a marketing levy?
Yes, a contribution of 1.5% plus GST of gross revenue is payable to the national marketing fund. These funds are used to build the Just Better Care brand, initiatives and collateral to compliment the promotion and advertising our franchise owners carry out within their respective territories.
Where are the Just Better Care Territories available?
We are now releasing territories in the following areas:-
South Australia, Victoria, Northern Territory, Tasmania and Western Australia
How long does the entire application and due diligence process take?
The application and due diligence process can be completed in as little as 30 days, but generally takes 60 days. This allows you enough time to complete the application process and review the Disclosure Document (DD), and talk to or visit some of our existing franchisees. A lot of it will depend on how quickly you want the process to move.
How much money can I make?
This will probably be your biggest question, and we can’t blame you. However, because every town and every owner is different, we’ll never be able to tell you how much money you can make. Your earnings potential and your level of gross income will depend on a range of factors including the effort and energy you put into your business. While we cannot provide projected earnings for you, we do provide establishment and operating cost averages along with benchmarked financial information from our existing franchise network that you can use to do your own projections and set earnings targets to support your circumstances. Whilst we will provide as much information as we can under the provisions of the Franchising Code, we strongly recommend that you also seek advice from an independent financial advisor.
If I send in an application, does it commit me to anything?
Absolutely not! Submitting your application simply allows us to get to know you better. It gives us the chance to review your financial picture as well as your area(s) of interest. Your application is completely confidential. We will not share your information with anyone outside of Just Better Care without your permission.
How does Just Better Care determine a territory?
Just Better Care has a business expansion plan with nationally mapped protected territories that are some of the largest in the sector, with no less than 50,000 potential prospects per territory.