Top 5 Senior-Care Franchises To Own In The Us
The US is experiencing a significant demographic shift, with a rise in the percentage of senior citizens aged 65+. Older adults are likely to outnumber children by 2034, with their proportion continuing to grow. This trend has widened the market for senior care services, making it a lucrative space for aspiring business owners. Today, some of the best franchising opportunities are available in the senior-care industry. People passionate about starting their businesses can explore these opportunities to leverage this growing trend. Let's look at the best franchises to own in the senior-care space.
(Source: https://www.census.gov/library/visualizations/2018/comm/historic-first.html)
1. Senior Helpers: Senior Helpers is one of the best-known senior-care franchises in the USA. Its network of franchise partners and caregivers has helped thousands of senior citizens since its inception in 2002, enabling them to lead better lives despite illnesses and mobility issues. Starting this franchise costs around $115,000. The franchisor provides extensive guidance and support to help its partners succeed in this space.
2. Visiting Angels: This organization is one of the oldest franchises in the senior care industry. Operating since 1998, Visiting Angels has assisted countless families in caring for their elders. Its professional caregivers help older adults with various non-medical tasks ranging from hygiene assistance to light housekeeping. If you are passionate about making a mark in the senior care industry, you can start this franchise with an initial investment of approximately $125,000. The franchisor provides hands-on support with traditional and online marketing, helping the franchisees to reach the right audience.
3. Synergy Homecare: This company specializes in non-medical home care for senior citizens. Its team of professionals can help with anything from personal assistance to running errands. The Synergy Homecare network focuses on building a strong connection with its senior clients to help them lead fulfilling lives. Synergy Homecare is one of the most affordable options for aspiring franchisee partners, with the initial investment being around $40,000. New partners can access resources, tools, and endto-end guidance for setting up this franchise.
4. Interim Healthcare: This organization provides a range of in-home medical services for senior citizens in the US. Its trained professionals provide home care and hospice care for elderly clients, focusing on holistic health to improve their quality of life. This company has over 50 years of experience in delivering top-notch nursing services to seniors. If you want to buy a franchise in the USA that helps you tap into an extensive network of professionals, Interim Healthcare can be an excellent choice. It serves over 190,000 seniors each year, making a mark in people's lives. The initial investment for this franchise is around $125,000.
5. Brightstar Care: This company provides in-home care for people in different age groups, from infants to elders. It is a full-service healthcare organization delivering medical and non-medical care. In addition, this company also helps corporate clients with healthcare stuffing. Starting this franchise costs about $105,000, enabling a new business owner to tap into varied target markets.
You can browse these five options to find a franchise that fits your needs. For more information and tips on franchise investments, keep reading the Franchising Magazine USA!
Source: https://franchisingmagazineusa.blogspot.com/2023/05/top-5-senior-carefranchises-to-own-in.html