Why a Home Care Business is a Solid Investment

home care businessThere is no doubt about it. Home care businesses are in demand. The changing demographics of America’s population, along with evolving attitudes on health care in general, are assuring that a home care business will be able to turn a profit for years to come.

The Growing Demand for Home Care Businesses

Let’s face it. We are all getting older. But as the huge numbers of baby-boomers are officially becoming senior citizens, this means millions of people are reaching their golden years at the same time. In fact, it is estimated that 10,000 baby boomers will turn 65 every day through 2029! This presents a tremendous market and a bright future for home care businesses.

Right now there are about 7,000 companies involved in the home health sector of the economy, yet many communities remain under-served and can’t keep pace with the rising demand. When you own an Always Best Care franchise, one of America’s most respected home care businesses, you will be tapping into a huge market that promises an easy and fast return on your investment.

The Aging-in-Place Trend is Fueling Home Care Businesses

For years, the traditional approach to aging parents was to move them to nursing homes when their needs became too great to manage. Today, there is a decided trend toward aging in place. Whenever possible, when seniors need assistance but do not require hospitalization, they prefer to stay at home and their families prefer this, too.

An Always Best Care franchise can bring the full range of support services into the home. Whether recuperating from an illness, facing a disability, or suffering from lack of mobility, the elderly rely on Always Best Care for:

  • Health monitoring
  • Housekeeping assistance
  • Medication delivery
  • Assistance with personal hygiene
  • Help with basic daily living routines

The Dollars and Cents Make Sense for Home Care Businesses

The preference for in-home care is not just based on a desire for a better quality of life; in-home care can be considerably more affordable than living in a nursing home. The government often picks up most, if not all, of the tab for short-term home care, through programs such as Medicare and Medicaid.

That’s part of the reason why investing in home care businesses makes good financial sense. It can be a reasonably priced investment, particularly if you join a solid franchise leader such as Always Best Care. In fact, research shows that you can save tens of thousands of dollars in startup costs over opening an independent home care agency.

We will help you gear up with comprehensive training in our proven business model. When you open your doors with our management and marketing strategy in full swing, you will have a leg up on the competition. You will enjoy instant name recognition in your community, supported by our national reputation for quality delivery of the full range of home health services.

Home care businesses are forecast to be highly profitable and recession-resistant for years to come. Always Best Care will show you the way! Learn about us at 855-430-2273 or email franchisesales@abc-seniors.com.

Learn More

Are you interested in learning more about what it takes to be successful as a senior care franchise owner during the aging-in-place boom? Always Best Care is here to help you navigate the industry as one of our franchise owners! Download our FREE franchising ebook today to learn more and refer to our most recent Franchise Disclosure Document for important details.

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Home Care Franchise Sector Enjoys Continued Growth

Good news for current and prospective franchise owners: the franchise industry continues to grow, despite the economic slump of recent years. The International Franchise Association (IFA) recently released a report indicating that the franchise sector has added 184,000 jobs over the last 12 months, according to a recent Forbes article.

The franchise industry supports 18 million jobs, both directly and indirectly, according to the IFA report. While franchises are often associated with fast food restaurants, the franchise model includes dozens of industries. In more recent years, especially, this has begun to include assisted living and home care for seniors. The Baby Boomers are aging, and the number of people aged 65 and older is expected to increase dramatically by the year 2030, to around 72 million in the United States.  According to the Pew Research Center, more than 10,000 Americans turn 65 every day.

With our aging population will come increasing demand for non-medical in-home care for seniors, who overwhelmingly opt to stay in their homes when given the choice.

The IFA report indicates several trends, including increasing numbers of women and minorities in franchising. This is good news, as while women and minorities have traditionally played a major role as caregivers in industries like nursing and elder care, they have not played as integral a role as business owners in these industries. Among the obstacles they have faced is lack of access to start-up capital. Franchising opens new opportunities for these individuals, and many franchisors offer financing for franchise costs.  Always Best Care is one of the top franchises for minorities, as featured in USA Today.

The IFA report sends a clear message: the franchise industry continues to grow and offer excellent opportunities for individuals from all walks of life to start a business.

Always Best Care is one of the nation’s largest and most reputable senior in-home care franchises. Learn what it takes to start your own home care franchise for seniors.

Learn more about the senior care franchising industry by downloading our FREE eBook.

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Please refer to our most recent Franchise Disclosure Document for important details.