5 Recommended Health Franchises You Must Consider
It will interest you to know that the healthcare sector is increasingly employing more people than today’s most popular sectors. According to data from the Bureau of Labor Statistics, 14.3 million are currently working in the health sector, and evidence that that particular industry is doing well. It might also interest you to know that the number is expected to double in the next eight years. This may even triple, considering the current COVID-19 pandemic, which has practically made almost all healthcare organizations run out of staff.
The United States healthcare industry is currently worth over $14 billion, and it is expected to increase further in the nearest future. There are some nice health businesses out there one can invest in and get a really good profit in return. This is why we have come up with this article: to make a comprehensive list of health franchises worthy of investment. And mind you, if you have a thing about investing in the health sector, there is no better time to do this than now, hence, the increasing health challenges coursed by COVID-19.
Top 5 Health Franchises to Invest in
ATC Healthcare
This franchise has over 30 years of experience in the healthcare sector and has an experienced staffing team in healthcare recruiting. ATC has been named to be the biggest network recruiters among their peers. Their product packages include providing those participating franchisees with a powerful technology that reduces the challenges new businesses face. New investors are expected to pay a $60,000 (minimum) and $45,000 franchise fee to participate. As for the total investment, it ranges from $134,970 – $262,170.
GNC Franchising
This franchise manufactures and sells quality supplements and vitamins manufactured by their nutritionists and scientists. This company has been in existence since 1988, and still maintain the same quality to date. GNC has stores all over the world, including the United States. To be part of this business, you are meant to make an initial investment of (between) $192,117 – $354,217. But then, an initial (franchise) fee of $40,000 is needed.
Joint Chiropractic Franchise
This company offers what they prefer calling a membership-based franchise, allowing both the company and the investors to own their businesses independently. To join as an investor, the company offers a membership-based franchise that allows both the investors and the company to own their businesses. New investors can make a total investment from $216,200- $331,700 and liquid capital of $100,000.
Nurse Next Door
This company has over 150 franchises across North America; they provide personalized home health care services and run a 24/7 Care Services Platform. To be part of this, an initial investment ranges between $99,700 to $188,200, and a franchise fee of $50,000 is needed to be one of the company’s franchisees.
Serasana Franchise
This company provides it’s clients rejuvenation through pain and stress management, with some ancient wellness practices. They have been around for 17 years now and has so many way investors can benefit, e.g., acupuncture, teacher training, massage, yoga classes, acupuncture, etc. It would help if you had a $100,000 (minimum) cash investment, a franchise fee of $35,000, and a total investment of $35,000-$575,000 to be part of the franchise.
Finally, health, they say, is wealth. Investing in health franchises like this doesn’t only generate enough profit; it makes each investor become part of something transforming, judging from what’s going on in the global health sector.
About Scott Milas, Franchise Consultant and Franchise Broker
Scott Milas is a franchise Top 15 consultant with The Franchise Consulting Company who works with many different people from all types of backgrounds who are interested in learning about owning their own business for the first time. He also works closely with multi-unit/brand owners who are looking to diversify their business portfolios. Contact Scott at 413-935-5111 or [email protected]. For more information on Scott, visit www.scottmilasfranchisehelp.com
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