Senior in Home Health care is growing at much higher pace and reached over $ 10 Billion. The franchise owner will help seniors get the specialized care they need. As our baby boomers age, a huge segment of the U.S. population has increased needs for elder care and assistance with day-to-day living. The number of people who need elder care services will continue to grow in the future.
This business can be home-based or with a small real estate footprint. This is a recession-resistant industry As the owner of a senior and elderly care franchise, you’ll have the opportunity to service adults suffering from physical disabilities and mental impairments. This is a great opportunity to build a business while serving and giving back to the community.
The eldercare industry is both challenging and rewarding, and services are always in demand. Business owners who recognize the growing need for quality senior care will benefit from a rapidly expanding client base. Owning a senior and elderly care franchise is an excellent way to have a meaningful impact while running your own business.
Benefits of owning a senior and elderly care franchise include:
- Help senior citizens: A senior and elderly care franchise is an ideal way to run a business that makes a difference in peoples’ lives.
- Multiple revenue streams: Many elderly care franchises offer multiple services such as assistance with daily tasks, errands, outings, grooming assistance, memory care, in-home skilled care, and assisted-living placement. One client may wish to purchase multiple services, and other companies (such as assisted-living facilities) may pay for referrals.
- Consistently in-demand services: Aging is a fact of life, and elders will always require assistance. Even as technology, society, and the economy change, the need for elder care and assistance will remain constant.
There are several Senior care businesses like visiting angels franchise, Amada Senior Care franchise, Firstlight home care franchise with many other options in this industry.
Senior In-Home health Industry update (Source: IBIS Industry report)
The In-Home Senior Care Franchises industry is benefiting from a growing number of aging baby boomers. Over the five years to 2018, the number of adults older than 65 is expected to grow an annualized 3.3% to 52.5 million people. As people live longer due to advancements in medicine and technology, a growing number of seniors are looking to stay in their own homes and maintain independence for as long as possible. Franchise establishments that provide medical and nonmedical in-home services enable seniors to do just that. The high cost of nursing homes and assisted living accommodations, coupled with the escalating healthcare costs associated with hospital stays, has also continued to drive growth in demand for industry services.
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