Senior Care Franchise Opportunities

Baby boomers are aging and their needs are becoming homebound. Senior home care franchise opportunities are increasing right now and only growing larger as the population ages and requires skilled nursing, home visitation and aftercare services. Senior care franchises and senior care businesses meet the needs of families and their busy lives, and this industry is growing every day.

On Forbes’ 2014 “Best Franchise” list for $150,000 investment, three of the ten brands featured were senior care franchises. The industry is also growing at a rapid rate: In 2000, there were 13 home-health franchise brands; that number increased to 56 by 2014.

Owning a senior care franchise is a perfect way to build experience in the business world through a company with an already established brand, as well as providing a good service to seniors.

Here’s a short list of unique opportunities in the fast-growing industry:

Lower Investment - Opening a fast food franchise can easily cost you around $500,000, while most home healthcare franchises cost $150,000 or less to start up. The investment is mostly focused on marketing, recruiting, training staff and office space.

High Revenue - Due to their relatively low investment, making connections that can drive in high volume should not be too difficult. The median revenue for home-health franchises is nearly $2 million. Franchise owners also bring in substantially more traffic than independent operators.

Growing Demand - Due to the aging of baby boomers, demand for senior care franchises is expected to grow sharply. The United Nations estimates that the number of people over the age of 60 is set to triple to 2 billion by the year 2050. Any industry that expects its possible customers to increase by triple is an industry you want to get into as quickly as possible.

International Opportunity - Most US home healthcare franchises are just beginning to venture overseas to explore business opportunities, with Right at Home being one of the first to enter China. People all over the world are getting old -- maybe the US shouldn’t be your only market.

Established System - Just like all other types of franchises, the tried-and-true methods are already available to you. You don't have to worry about trial and error. Buying into a franchise places you into an established system and proven business model, making it easier to get into a profitable routine sooner.

Help With Red Tape - Starting an independent operation over a franchise will force you to shell out a lot of cash for insurance, as well as struggle to keep up with national, state and local laws. There are a handful of states debating on the possibility of a $15-an-hour minimum wage. A franchise has the money to lobby against the proposed minimum wage increase, as well as any future laws that may impact the business.

Want more information about the growing senior care franchise opportunities that BeTheBoss.com has to offer? Simply browse our website, register by completing a form and request more information for free.

Qualicare

Qualicare provides the highest level of in-home care to those who need extra assistance with their everyday tasks. This low investment opportunity requires no medical background as franchisees receive...

$100,001 - $200,000

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Senior Care Franchise Opportunities

Qualicare

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