What Makes Healthcare Franchises a Smart Investment?
Today’s post explores the senior care model to explain how multiple revenue streams, rising demand for care, and manageable startup costs make starting a healthcare franchise with Executive Care so appealing to investors.
Multiple revenue streams for an impressive return on your investment.
Healthcare franchises come in all shapes and sizes, but one way that Executive Care distinguishes itself from the competition is by giving its franchisees access to seven different revenue streams, including:
- Personal care
- Live-in care
- Specialized care
- Skilled care
- Transportation services
Offering such a diverse portfolio of caretaking services allows our healthcare franchise to help the maximum amount of people, and ensures that our franchisees are generating the returns they envisioned from day-one. More than an in-home elder care service, the Executive Care model is designed to make life better for people of any age, whether they’re youngsters living at home or seniors settling into a retirement community.
An unshakable service demand.
When you start a healthcare franchise, you’re entering into a thriving and resilient market.
In fact, the demand for senior care services has never been greater. Senior populations are growing faster than healthcare franchises and nursing homes can set up.
Spitzer et al. (2004) refer to this population boom as “The Graying of America” (p. 22). Their research tracked the incredible growth rate since the 1900s, where people aged past 65 accounted for only 4% of the population (p. 22). By 1975, that number grew to 10.5%. Only 25 years later, it had increased to 12.6% (p. 23). Current estimates suggest that this number will exceed 20% by 2030, meaning that 1 in 5 people will be above the age of 65 and seeking the services of healthcare franchises.
Turning to the over-80 population, Spitzer et al. (2004) charted similar growth, crediting this largely to advances in medical technology, nutritional knowledge, and health-conscious lifestyles. This age bracket accounted for 3.8% of the population in 2015, and will grow to 5.3% by 2030 (p. 23).
There is no other business model whose “target market” is undergoing this kind of dramatic growth, which makes buying a healthcare franchise an ideal option for investors.
Cost-effective start-up systems.
One of the biggest downfalls of business investments is unexpected startup costs. Most businesses idle in the “red zone” for months while their owners learn on the job and scramble to build a trustworthy community reputation. In some cases, they never do; surprised by legal fees, staffing costs, or rent inflation they didn’t anticipate, these businesses never get off the ground, and the return on investment never comes.
With Executive Care, you never have to worry about unexpected startup costs. Our system is proven, consistent, and fully transparent, so you can plan your spending down to the penny. Moreover, our startup system is fast and our brand reputation is strong, so you can start booking clients and generating a return on your investment sooner than the competition.
Protected territories to maximize earning potential.
Executive Care’s territory protection system is designed in a way that ensures your healthcare franchise has a market large enough to sustain its growth. Moreover, we give you exclusive rights to your territory, which guarantees that your healthcare franchise never comes into competition with other members of our franchise family.
Learn more about investing in an Executive Care healthcare franchise at http://www.executivehomecarefranchise.com/faq.
Spitzer, W. J., Neuman, K., & Holden, G. (2004). The coming of age for assisted living care: New options for senior housing and social work practice. Social Work in Health Care, 38(3), 21-45.