The senior care industry is growing rapidly. Roughly 13% of the current US population is 65 or older — a number that is projected to increase to around 20% by the year 2040. Changing demographics and an aging Baby Boomer population are creating unprecedented need for senior care services, as well as unprecedented opportunity in this growing industry.
The needs of seniors vary dramatically—some seniors need help with everyday activities like errands, bathing, dressing, medication management and housekeeping, while others have medical conditions like dementia, Alzheimer’s or diabetes that require monitoring and care. Still others require round-the-clock care in an assisted living community or nursing home.
Starting a Senior Care Franchise Business May Be Within Reach
If your passion is helping seniors, and you have a mind for business, starting a senior care franchise may be right for you. The extent of care you are prepared to provide seniors may be dependent on the amount of capital you have to launch the business. For example, non-medical in-home senior care does not require a medical staff or medical equipment, making your start-up costs lower than that of a home health agency that provides medical care.
You can launch a non-medical in-home care business with between $74,000 and $150,000.
If helping seniors is your dream, owning and operating a senior care franchise can help you make that dream a reality, and senior care is one of the most recession-proof industries in the nation. Learn more about franchising with Always Best Care. Always Best Care is one of the nation’s leading providers of non-medical in-home care, assisted living finder and referral services, and skilled home health care. The company delivers its services through a national network of over 200 independently owned and operated franchise territories throughout the USA.
Learn more about senior care franchising by downloading our FREE eBook today!
Please refer to our most recent Franchise Disclosure Document for important details.