Why Buying a Home Health Franchise in 2019 Makes Sense
If you’ve been thinking about buying a home health franchise, now’s the time. Today’s post runs down 3 reasons why it makes sense to pull the trigger on your business plans in 2019.
Buying a home health franchise is more affordable than ever
This figure covers everything you need, including the costs of your franchise fee, computer equipment, signage/trade dress, furniture and office supplies, prepaid rent and security deposit, insurance and bonds, legal and licensure fees, training expenses, grand opening advertising, vehicle, and more. It also includes up to $68,300 of your own working capital to cover any shortfalls or emergencies during the first few months of business.
Discounts are available, too. Executive Care is a proud participant in the International Franchise Association’s VetFran program, which provides considerable financial incentives to honorably discharged veterans. Get in touch with a representative to learn more about the discounts that we offer.
There’s time to “get in on the ground floor”
Though the senior care industry has rapidly expanded over the past decade, it’s still in its infancy compared to what’s coming. For the next 20 years, around 10,000 people will turn 65 every single day, and as many as 90% will require in-home care services to maintain their independent lifestyles, according to U.S. Census Bureau data. Accordingly, in 2017, the North American home health care market was valued at $130-billion, up 8% from 2012, and that figure will continue to rise for the foreseeable future.
You might think that you’re behind the 8-ball, but buying a home health franchise in 2019 puts you right on-track. Demographers have honed in on the year 2030 as the tipping point, as 1 in 5 Americans will be over the age of 65, but that growth will continue to 2050 and beyond. In other words, you still have a decade to get your business established before the senior boom really sets in. Buying a home health franchise in 2019 means getting in on the ground floor amidst an unprecedented spike in demand for senior care services.
Home health care experience isn’t required
Would you guess that some of our most successful franchisees entered into our system without any relevant healthcare training or experience?
Though the idea of launching a home health business without experience might have been laughable in the past, Executive Care’s proprietary training and support system is proven effective for transforming newcomers into senior care authorities. Our programs condenses everything you need to know into a fat-free training program that covers marketing, sales, advertising, back-office operations, start-up, and hands-on caregiving skills. Additionally, we provide on-site support visits, and fellows members of our franchise family are always happy to provide tips as needed.
You can find more training and support specifics here.
Check out our franchisee video testimonials to hear more about how our training and support system transformed senior care greenhorns into successful home health business owners!
Learn more about buying a home health franchise in 2019
Take 2019 by the horns and bring your business dreams to life! Call 1 (855) 393-2372 to speak directly with a representative, or explore our website for more free information about our opportunity.