Top Rated Franchises Serving the Senior Care Industry
The Senior Care Industry
Approximately 10,000 people turn 65 in the US every day and with longer life expectancy, more and more will need some form of care ranging from in-home care to assisted living. This massive and growing demographic continues to create demand for services addressing the needs of our seniors. Today there are well over 50 different franchise opportunities available in the senior related industry and researching them all can be daunting. SeniorCareFranchises.net presents some of the best investment options in the industry today.
Senior Care Services
In Home Care
Full time, part time, medical and companion care.
Assisted living guidance, tours, referrals and placements.
Helping with estate management and reduction.
A Promising Outlook
While the success of senior care franchisees is largely due to their compassion and dedication, it is also due to the thriving industry in which they operate. By 2022 the senior care industry is slated to add at least 1.3 million new jobs in the in-home care market while at the same time revenues for the global home health sector are projected to grow to $300 billion. The number of seniors is growing rapidly each year meaning the already-healthy senior care market is poised to expand even more.
The rate of injuries among the elderly is, unfortunately, staggering. The World Health Organization’s Department of Aging and Life Course reports that 32-42% of seniors over 70 suffer injuries as a result of falls each year. In home care is instrumental to keeping seniors safe in their homes, preventing these accidents from occurring, and also relieving the stress on congested hospitals and emergency rooms. Apart from physical accidents, it’s also worth noting that 25 to 30% of seniors over 85 suffer from cognitive decline. Alzheimer’s and dementia can require constant care to ensure comfort and safety, and in-home caregivers are perfect for providing the kind of specialized care seniors need.
The average investment for a senior care franchise is approximately $100k – $150k, about 30% less than industry average for a franchise across all sectors while according to Franchise Business Review offers gross revenues of nearly 200% average and profits almost 30% above industry average.
Bottom line – for many a senior care franchise can be a great investment.
Let’s Look at Some Brands!
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