It’s common when starting a new business to wonder whether your investment will pay off. You want to know when you will turn a profit, what kind of support you can expect, and what the general outlook is for your chosen industry? Senior care is an attractive business opportunity because everyone has had a loved one in need of special care, and so there is a widespread need for our services. Our industry may be broad and ever-expanding, but you should still have a comprehensive understanding of the market, and a good idea of the training and support we offer, so that when you invest in a senior care franchise with us you know the investment is worth it.
The initial startup costs of a Senior Helpers franchise generally fall between $103,300 and $142,300, and include our franchise fee, staffing funds, and three months of working capital. Provided you have a good credit score, many franchisees are able to finance their startup costs, and for veterans we offer a 10% discount on our franchise fee to make this startup cost even more affordable.
Compared to other franchises, or starting your own independent home care business, investing in a senior care franchise with us is incredibly cost-effective. You will also be avoiding the hassle and uncertainty of starting a business from scratch, and entering into a turnkey business model whose success has already been proven.
One of the most valuable benefits of Senior Helpers is the level of support we offer our franchisees. Through ongoing training, professional development, and our network of trained staff, we put our franchisees in the best possible position to succeed.
When you invest in a senior care franchise with us, we give you complete access to Senior Helpers University: an educational training program designed to prepare new franchisees for the obstacles of running a senior care franchise. This resource allows franchise owners to efficiently hire quality staff, and grow their business. One of our key values is maintaining ongoing franchisee support and education, so we make sure to offer continued access to webinars, conference calls, and other educational media.
While the success of each franchisee ultimately depends upon the individual, and their willingness to learn and stay abreast of industry trends, the in-home healthcare market is booming, and now is the perfect time to enter the industry.
By 2020, the in-home senior care field is reported to add at least 1.3 million new jobs, while venues for the global home health sector are projected to grow to $300 billion by the same year. According to the World Health Organization, nearly a quarter of the world’s population will be 60 years or older by 2050. The already massive market for senior care is poised to grow even larger in the near future, meaning that the need for professional caregivers will persist for some time.
To invest in a senior care franchise with a bright future, contact Senior Helpers today to learn more about our opportunity.