When making any investment you want to know the initial outlay, whether loans are available and how big the return promises to be. Investments in senior care franchises are no different.
To get a feel for the investment profile, you have to first take a close look at the senior care industry itself. Fortunately, Franchise Help has laid out the current state of the senior care industry and shown which subindustries (e.g., homecare and transition care) are likely to do well throughout 2017 and beyond.
Senior care franchises are automatically in a position to benefit from the mass retirement of the baby boomers, which will significantly contribute to the 83 million retirees anticipated in the coming years.
As Franchise Help also notes, about 10,000 people per day will reach retirement age…every single day for the next generation.
Senior care franchises that can respond to changes in the industry and provide a flexible range of services are in an ideal position to provide the personal care, housekeeping, transition care and sitter assistance seniors are going to increasingly need.
Senior Helpers is a unique business opportunity that will enable you to offer meaningful assistance to seniors and their loved ones.
Compared to other senior care franchises or homecare businesses that might require purchasing an elderly care facility, Senior Helpers is far less capital intensive and doesn’t require advanced knowledge of the senior care industry or leasing process.
Senior Helpers is listed on Entrepreneur’s Franchise 500, which indicates that franchising insiders consider it a growth industry and a sound business model.
With a low initial investment of approximately $81,000, you’ll probably also find it much more affordable than purchasing and maintaining your own elderly care facility.
The initial investment can range from approximately $81,300-$117,300 and includes short-term working capital and staffing funds.
Also included in your initial investment is the franchise fee; the franchise fee at Senior Helpers is $44,500, and it really provides you with a lot!
The franchise fee at Senior Helpers covers the following essentials: training and support, recruitment help, analysis of viable territories, site identification, leasing assistance, equipment, and franchise launch expenses.
Your franchise fee is a one-time expense that will help get your senior care franchise off the ground. You’ll get pre-opening training at Senior Helpers University and education, growth, and training opportunities once you’ve worked out the ideal location with an area developer from Senior Helpers.
Your initial and ongoing training will give you generous access to webinars, networking opportunities, and helpful online media.
The franchise fee will go towards the training that will provide the logistical, financial, and marketing resources that you’ll need to offer seniors a broad range of elderly services, including Senior Helpers award-winning Senior Gems® program for Alzheimer’s and dementia patients.
The royalty fee at Senior Helpers is kept at a low 5% of gross sales so that franchisees will be encouraged to reinvest and continue growing. Higher royalty fees can detract from making an immediate community contribution.
Senior Helpers franchise owner Bob Nations can testify to that. He found that his top three priorities upon opening a senior care franchise were: to offer the best service; to be in the top 10% of senior care franchises; and to make a felt contribution to his community.
More and more seniors are going to need help in their communities in the coming years. The World Health Organization found that about a third of seniors over 70 suffer injuries every year from falls. At Senior Helpers, you can make a real difference. Find out the difference you can make by getting in touch today.