Breaking Down the Home Care Franchise Business Model
As demand for in-home caregivers continues to grow, so do home care franchise businesses.
Back in 2010, the Franchise Business Review was talking about the senior market as a “promising” industry with potential for major growth. Today, the home care franchise business model is booming, with the Franchise Business Review listing it among the top five performing franchise sectors.
Today’s post breaks down the profitability of the home care franchise business model to help entrepreneurs understand the value of opportunities available in their area.
What services are provided in the home care franchise business model?
Home care franchises offer all forms of care up to the level that can be provided by a Registered Nurse. The best home care franchise business models will offer a comprehensive suite of services for people of all ages and care requirements in order to give their owners the greatest number of revenue streams.
Executive Care provides the following care services:
- Personal Care
- Specialized Care
- Skilled Care
- Supplemental Staffing
- Long-Term Care Insurance
- Transportation services
You can read about our services in full at http://www.executivehomecare.com.
Why is the home care franchise business model so successful?
- Low barriers to entry. While it’s true that some people aren’t cut out for health care, the home care franchise business model can be adopted by anybody with the right attitude. There is an enduring myth that senior care business owners come from nursing backgrounds, but that’s simply not the case. In fact, many of Executive Care’s most successful employees entered into our training program with no caregiving experience – our top-tier training program and peerless franchise system make it possible!
- Fast start-up. Refined start-up processes make for a streamlined launch, which allows you to start making money sooner. Executive Care’s training, territory acquisition, and staffing systems are polished and efficient, and the home care franchise business model itself requires minimal equipment and no expensive inventory.
- Low investment. While starting a fast-food franchise can cost you $300,000 or more, first-year investments for Executive Care franchisees typically fall between $99,750 and $151,000, which includes franchisee fees, operating capital, and other startup costs.Furthermore, as a proud participant in the International Franchise Association’s (IFA) VetFran program, Executive Care is delighted to offer veterans a 20% discount on initial territory fees. Please contact a representative to find out if you qualify – call 1-855-393-2372 today.
- High return on investment. From that relatively low start-up investment, the home care franchise business model can generate serious revenue, with current market conditions and territory sizes supporting high-volume sales, as well as increased need for intensive and specialized care services that are typically more profitable. Looking for specifics? Please visit http://executivehomecarefranchise.com/request-franchise-information/to get details.
- Growing yet resilient demand. The UN estimates that the number of seniors over 65 will triple to 2-billion by 2050. In America, this means 1 in 5 people will make up your target demographic. The “Aging of America” will continue for the foreseeable future, making the home care franchise business model exceptionally resilient. Additionally, Executive Care’s home care franchise business model trains owners to provide care for people of all ages and care requirements, giving you even broader access to revenue streams.
Take a closer look at Executive Care’s home care franchise business model – visit http://www.executivehomecarefranchise.com to order a free information packet or book a consultation with a member of our team.