When choosing a franchise you probably have a few important questions: is it worth the investment? When will I turn a profit? What kind of support will I get? When you start a home care assistance franchise, you can be confident that you’re investing in a stable industry. Everyone has had a loved one in need of special care or knows a senior who could benefit from in-home care. The market for senior care may be broad and ever-expanding, but the healthcare industry can still seem scary to an inexperienced prospective franchisee. To make sure your investment is well-placed, you need a comprehensive understanding of the industry and the many benefits Senior Helpers offers its franchisees.
Cost is one of the most—if not the most—important consideration when opening a franchise. At Senior Helpers, we pride ourselves on offering a competitive startup fee. Initial startup costs generally fall between $103,300 and $142,300, and include our franchise fee, staffing funds, and three months of working capital. Franchisees with good credit scores are usually able to finance their startup costs. Veterans find franchising with us particularly affordable, as we offer them a 10% discount on our franchise fee.
Compared to other home care assistance franchises, or starting your own elderly home care business, Senior Helpers is incredibly cost-effective. You can avoid the hassle and innumerable question marks of starting a business from scratch, while taking advantage of a proven turnkey model, and well-established brand that people trust.
What really sets us apart from other home care assistance franchises is the level of support we offer. Through ongoing training, professional development, and a network of trained staff who are always on hand, we give our franchisees the resources to succeed. This includes access to our Senior Helpers University, an educational training program designed to prepare new franchisees for the many nuances of running a senior care franchise.
But our training doesn’t end when you open your doors. Ongoing franchisee support and education is one of our key values, so we offer continued access to webinars, conference calls, and other educational media. Resources pertaining to operational, financial, and marketing aspects of the business are also readily available.
The goal of any investment is turning a profit, and while the success of each franchisee ultimately depends on how the individual franchise is run, the in-home healthcare market is booming. The in-home senior care industry is reported to add at least 1.3 million new jobs by 2020, so there really couldn’t be a better time to enter the industry. According to the World Health Organization, nearly a quarter of the world’s population will be 60 years or older by 2050, meaning the already-thriving market for senior care is poised to grow even larger. Opening your own home care assistance franchise will allow you to take advantage of this strong industry.
To take the first step toward owning your own senior care franchise, reach out to our Senior Helpers franchise team for more information.