Why Buy a Senior Care Franchise in Cleveland?
Cleveland offers a strong existing market for senior care services, combined with strong potential for growth in coming years. It also offers a welcoming environment for employers — an important consideration for the home care sector.
At Senior Helpers, we know how important local demand, favorable business conditions, and the right location can be to a home care franchise. Here’s a closer look at why Cleveland ranks so highly among our available markets.
Local Demand for Senior Care
Today, seniors account for 16.0% of the U.S. population. This represents an historically high figure driven by the Baby Boomer generation. In the Cleveland metro area, the share of seniors is even higher, with 18.5% of Cleveland metro residents aged 65 years or older.
That number will grow even higher over the next two decades. An additional 21.2% of Cleveland metro residents are between the ages of 50 to 64, compared to the national average of 19.4%. Over the next two decades, this generation will increase the demand for in-home care throughout the Cleveland market.
Cleveland offers a range of local incentives for small business owners. It’s also an affordable market for starting a franchise, with low to moderate costs for real estate, labor, and utilities.
The Cleveland metro area is particularly attractive for employers in the home care sector, with a large workforce and low labor costs. Employer-friendly conditions are important for the senior care industry, where caregiver recruitment poses a challenge for many businesses.
Lucrative Territories Available
Senior Helpers is currently looking for motivated entrepreneurs to expand our brand to the Cleveland metro area. Our available territories include affluent neighborhoods and suburbs, such as Westlake, Hunting Valley, and Gates Mills.
With several available territories in Cleveland, we offer plenty of choice when it comes to locating your franchise and selecting your local market. Each of our territories is protected and includes a minimum of 30,000 seniors.