Why Franchise with Executive Care? Sharing Franchise Success Stories
America’s senior population is growing at an incredible rate, with an estimated 1 in 5 people predicted to be aged past 65 by 2020. This senior population growth has created a surge in demands for senior home care services, which has in turn attracted the attention of entrepreneurs looking for the business world’s next big thing.
It’s easy to see that the senior care industry is booming, but how do you decide which franchise to trust with your financial future?
In today’s post, the Executive Care team shares some franchise success stories to help inform your franchise purchase decision.
Executive Care continues its growth in the Empire State!
New York’s senior care needs have never been greater. Since a brief downward trend in the 1980s and 1990s, elderly population growth has exploded in the Empire State. Between 2000 and 2010, New York’s 60-plus population grew by more than 12%. By 2010, the numbers of seniors 65 and older living in New York City were estimated to have reached 1,407,635, representing over 17% of the city’s total population.
Today, the growth of the senior population outpaces every other demographic being measured, and this signals a growing demand for services for long-term care. This is especially true for the homebound who require ongoing support as they settle into their Golden Years.
The Executive Care family recognized this trend long ago, having identified the paucity of care services in New Jersey. Back in the third quarter of 2016, the Executive Care team opened its seventh New Jersey office. Recently, partners SenenCabalfin and Jeff Wolf opened their second location, located at 52 Hyers Street in Toms River, NJ.
The last quarter of 2016 saw our home care franchise bring even more qualified caregivers into the Empire State. This office is located in Great Neck, and has been serving the Nassau county area since its opening. Owner Robert Rifkin has combined his previous experience in sales, retail, and customer relations with the lessons from our premium training program to bring compassionate, quality home care to Long Island.
Everything’s bigger in Texas – including the number of qualified caregivers!
Demographic analysts predicted a “gray wave” as the Baby Boomer generation settled into their senior years, and it’s hit Dallas just as hard as it has the rest of the country. The growth of the Texas senior population has exceeded that of the general population, which is only exacerbating senior care shortages. By 2050, the number of elderly will have increased by 304.3% in Dallas, Fort Worth, and Arlington, making it one of seven metropolitan areas projected to account for 87.2% of the statewide growth in elderly populations from 2010 to 2050 (Murdock and Cline, 2015).
Dallas’s need for senior care was apparent, and the Executive Care team answered the call!
Spearheaded by Texas resident Stephanie Hammonds, the Dallas Executive Care office opened at 1721 W. Plano Parkway, marking our brand’s first establishment in the Long Star State. Since our grand opening, it has been our honor to serve residents seeking home health care services throughout Dallas, Plano, and Fort Worth, and to create upwards of 50 new jobs in the region.
Read more Executive Care success stories at https://executivehomecarefranchise.com.
Murdock, S., & Cline, M. (2015). Growth in elderly populations: Implications for Texas real estate markets. Technical Report: Real Estate Center – Texas A&M University, 1-60