A high ranking from one of the most prestigious names in business journalism provides authoritative validation for the senior care franchise.
Each year, Entrepreneur analyzes countless data to assemble its Franchise 500® ranking, they also create a number of sub-rankings to provide a all-inclusive list of the strongest franchise opportunities for entrepreneurs. In 2019, the business publication recognized Senior Helpers among its Top Low-Cost Franchise Opportunities. This recognition was a tremendous honor for the brand that provides potential business owners with valuable investment-to-revenue ratio. “It’s always an honor to be recognized by Entrepreneur because they're the industry standard when it comes to outside validation,” said Rob Cantrell, Senior Helpers VP of Franchise Development.“This recognition is a testament to the fact that everything we’re working to develop has come to fruition in a strong concept.” As a leader in at-home senior care focused on what clients can do instead of what they can’t, Senior Helpers has tapped into the growing population of aging Americans. The company provides much-needed services, by helping the brand expand its reach and achieve national recognition among consumers and entrepreneurs alike.
“There’s a lot of low-cost concepts out there that require a $100,000 investment, but senior care is one of the only industries that consistently sees revenue reach 10 times that,” Cantrell noted. Because of the growth its franchise system has seen—Senior Helpers has over 300 locations across the U.S.
“The size of our internal team has doubled over the last 18 months to keep up with our growth and provide our franchisees with the high level of support we pride ourselves on. Our capital partners have invested in our infrastructure, which has allowed us to double down on what we’re able to do to promote our franchisees’ success.” Cantrell said. The benefits of maintaining a low-cost franchise are clearly evident to Senior Helpers as it evaluates prospective franchisees looking to join their franchise system. The company provides a number of financing options, including SBA loans. Above all, the brand is able to create opportunities for those passionate about giving back to their community.
“By prioritizing the right character fit in our search for qualified franchisees, we’re not eliminating those with ambitions of owning their own business,” Cantrell said. “We’d rather find a person that fits our culture; Senior Helpers isn’t just an investment for the wealthy. Our lower cost of entry allows us to be selective. This creates the opportunity for a lot of very qualified and talented people to get into the business with the financing options we make available to them.”
Along with the recent Great Place to Work certification, this latest recognition from Entrepreneur adds to a growing list of accolades for the brand. These huge recognition's are something Cantrell said has a strong, positive effect on the value of the Senior Helpers franchise opportunity. “[Such recognition] makes Senior Helpers a recognizable name in the competitive landscape,” he said. “There are a lot of great competitors in the senior care space due to the growing senior population, so differentiation can be tough. Being able to repeatedly receive accolades gives us an important distinction amongst competitors.”