Senior Helpers Franchises
According to 2019 data by World Population Prospects, it has been established that by the year 2050, one in every six persons will be 65 years or older, representing 16% of the global population. Again, in the same year (2050), one out of every four persons residing in Northern America and Europe will be 65 years or older. It will also interest you to know that this is the first time in history that the population of older people within the ages of 65 and above exceeds the number of children aged five years. The older people’s population is expected to grow (triple) from 143 million in 2019 to 426 million in 2050.
We understand how hard it is sometimes to take care of older people, especially when they are very close to us. We often find it difficult to keep up with our daily lives and look after our old ones. And as you know, where there is a problem lies an opportunity; hence, the senior helped franchise’s introduction. Below, we have listed some nice franchises you can trust when it comes to taking care of your old ones. Check them out!
Top 5 Senior Helper’s Franchises You Need to Know
FirstLight Home Care
These people are well organized and have series of well-segmented programs lined up for their clients. With this company in place, there is little you can do; they will practically take care of everything. The professionalism of their staffs is top-notch, hence, their good review over the years. To get involved, you have to make an initial investment of between 111,000 – $168,000. There is also a $48,000 franchise fee, and an annual income is $1 million (on average).
Home Instead Senior Care
This company has the fairest companionship options as well as light housework. This is a good investment for people looking to invest in a franchise that doesn’t just turn up the investor’s funds but also dedicated to making sure older people are not left alone.
Right at Home
For this company, most of its franchises are bought by people without any form of medical background. Their assisted living options are considered one of the best, one of them includes “in-home nursing services.” The initial investment is estimated at $80,150 – $147,150. Their royalty is currently at 5%, and they also offer a 10% discount for veterans.
CarePatrol
This franchise conducts live in-person training sessions nine times annually and a refresher session once each month. For starters, it will cost them $71,540 – $88,490 to be part of these franchises. Again, they offer a great marketing program that involves referral distribution.
Amada Senior Care
This company offers special consulting services and also offer home care services for older people. This franchise charges a fee of $48,000, including a 5% royalty.
Finally, you have to understand that old age is a good thing, it comes with many benefits. If we approach it right, it works for us, and if otherwise, things might go bad, hence, the need to invest in a franchise that understands the business of taking care of the old ones.
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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