With significant growth throughout 2024, Senior Helpers is leading the way in the medical industry, according to the newly released Franchise Times Top 400 data. Let’s take a look at how these companies are thriving within such a competitive and growing industry.
Each year, Franchise Times releases its Top 400 ranking to highlight the largest franchise brands in the country based on systemwide sales. For franchise buyers, this list can offer valuable insight into which industries are gaining momentum and which brands are showing strong long-term potential. Recent data points to a clear trend: health and senior care services continue to rise as demand increases nationwide. Senior Helpers’ performance on the list is a strong example of how the home care sector is expanding, and why now may be an ideal time for future franchise owners to explore opportunities in this growing space.
How Senior Helpers Continues to Stand Out in the Senior Care Industry
One of the key conclusions to be gleaned from this year’s Franchise Times Top 400 data is that the senior home care industry is continuing to grow and thrive. At no. 132 on the rankings, Senior Helpers continues to shine within the home care sector. In fact, the company set the pace in the home care segment with a total sales increase of over 30%.
Peter Ross, the co-founder and CEO of Senior Helpers, had some insights about the ongoing success of the brand:
“We have some very unique programs that kind of set us apart when it comes to payer sources,” such as the Veterans Administration, Medicare Advantage ,and Medicare Guide program, Ross said. “We're really hitting on all cylinders.”
With key relationships with government agencies, Senior Helpers is primed to continue its fantastic growth. In fact, the company also projects to open as many as 48 new locations within the next year.
Why Now is the Right Time to Invest
With more and more seniors preferring to stay put in their own homes, the demand for reliable in-home senior care continues to grow. This demand has led to the speculation that Medicaid may expand to cover home care for more seniors throughout the country.
Given the expanding prominence of home care services, consumers have become more demanding, leading to an increased need for reliable services that can offer last-minute care options.
As a Senior Care franchisee with your own protected service area, you’ll be uniquely set up to take advantage of this growing industry while providing a vital service for local seniors. With over 100 years of combined franchise experience, Senior Helpers provides prospective franchisees with all the guidance and support they need to thrive in this growing industry.
Do You Have What it Takes to Open Your Own Home Care Franchise?
When joining our team of Senior Helpers home care franchisees, you can count on extensive support every step of the way. We provide comprehensive initial training, marketing support, ongoing training opportunities, and a protective service area of at least 25,000 local seniors with the option to purchase additional zip codes for a larger territory.
While our industry-leading franchise model provides you with everything you need to hit the ground running, there are a few key qualities you will need to bring to the role as well. Here’s what it takes:
- Compassion and kindness - The senior care industry requires warmth, compassion, patience, and other pleasant qualities, so you need to be prepared to fill this role.
- Networking - Due to the sensitive nature of the services you’ll provide, word-of-mouth goes a long way towards making new clients and their families comfortable with your support. So, maintaining strong relationships and a positive brand image is critical.
- Financial resources - Senior Helpers provides some of the lowest start up costs in the industry, requiring just $200,000 in total net worth and $55,000 in liquid capital.
Learn More About Our Home Care Franchise Opportunities
For more information about our senior care franchise opportunities, reach out to us online or book a call with our team at Senior Helpers today!