Home Care Franchise: A Definitive Guide to Finding & Choosing a Franchise
The senior care industry is growing globally. According to a research report, the market is predicted to expand at a compound annual growth rate (CAGR) of 7% — capping at a total value of $2.4 million by 2029. According to Forbes, 10,000 baby boomers turn 65 every day. A large segment of the United States population is already in need of home care services, and that’s only projected to increase in the coming years. If you’ve been contemplating investing in a senior care franchise, now is a great time. With the opportunity to grow your business alongside the market, you’ll have the chance to capitalize on your investment — especially if you partner with the right brand.
There are many different types of home care franchises out there, so how do you find the right one for you? Learn more about the different services these types of franchises provide, what you should look for in an opportunity, and how Always Best Care could be a great investment for you.
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What Services Are Provided?
Home care franchises offer many different services to meet the needs of all their clients. At Always Best Care, we provide five categories of services:
- In-home care: Perfect for seniors or disabled individuals who wish to stay at home, these services allow them to live safely and independently while receiving care from a professional. Services include pain management, diabetic care, surgery recovery, fall prevention, bathing, grooming, dressing, and companionship, in addition to many more.
- Senior living referral: When the time comes, and clients know their loved one would be best cared for in a facility, our brand offers a no-cost solution tailored to their needs. We work to find the best match for our client’s loved ones so they can feel confident about their choice.
- Skilled home health care: This type of service is ordered by a physician in the event someone needs care when recovering from surgery, injury, or illness. This way, individuals still get the important care they need, but they get to be home — where they really want to be.
- Special care services: Our special care services allow us to monitor our client’s health, reduce hospital readmissions, and conduct care evaluations so we can create the best personalized care plan to fit your client’s needs.
- Respite care: When family members and unpaid caregivers of elderly, disabled, or sick individuals get burned out from juggling all of their responsibilities, our respite care services can help. Meant to give caregivers a temporary break, our franchises are able to provide care, whether it’s for a few hours or a few days at a time.
Why Consider a Franchise?
While you could start your home care business on your own, there are a number of franchise opportunities available to give you a leg up. When you invest with a franchise, you get to take advantage of a proven business model, brand name recognition, and a comprehensive training and support program. Plus, you’ll be connected to a network of like-minded franchisees who have the same goals and aspirations as you.
Reputable franchisors like Always Best Care help take the guesswork out of starting a business. Since 1996, we’ve been perfecting our business plan so our franchisees could have the best blueprint to follow. We did the trial and error, so they don’t have to.
What to Look for in a Reputable Franchise?
When researching various home care franchises for sale, there are a few things you’ll want to investigate fully before deciding to sign with them.
- Protected territories: A protected territory means that no other franchisee within the system can open their location too close to yours. Strong franchise opportunities will guarantee protected areas for each of their franchisees.
- Supporting numbers: Numbers don’t lie. Look at Item 7 of the brand’s Franchise Disclosure Document (FDD) to fully understand your investment costs. You’ll also want to check Item 19. This is an optional section that shows revenue numbers for locations open for the previous fiscal year. Item 19 helps you get an overall idea of the system’s financial health.
- Happy franchisees: During the franchise discovery process, you’ll have the chance to talk to current franchisees within the system. Be sure to ask plenty of questions so you can get a true idea of what it’s like to be a franchise partner.
- Satisfied customers: Learn what customers are saying! It may seem obvious, but be sure to check online reviews of the brand before committing.
Shortly after having initial discussions with the franchisor to determine your compatibility with the brand, you’ll likely receive their FDD. This document entails a lot of information about the franchise and the opportunity. You’ll want to carefully review each section individually and with a franchise lawyer.
A Home Care Franchise for Sale Through Always Best Care
Since our start in 1996 in Sacramento, California, Always Best Care has been one of the most trusted home health care franchises in the nation. Through our diverse offering of services we not only provide the highest quality of care for our clients, but a strong business opportunity for our franchisees. We have more than 200 franchise locations across the U.S. with plans to continue growing by partnering with driven, compassionate entrepreneurs.
We offer an affordable business opportunity with great growth potential. Our initial investment costs range between $74,725 and $125,400* — including our $49,900 franchise fee*. Plus, qualified franchise candidates may get a 5% discount on our franchise fee through our participation in the VetFran and MinorityFran programs. In 2021, Always Best Care saw a systemwide revenue of $188,539,553.18** — a 10.11% increase from 2020. Additionally, most of our franchisees saw revenues over $2,000,000** in 2021.
To learn more about our home care franchise opportunity, request information today, and one of our development representatives will contact you soon.
*Please refer to Item 7 of our latest FDD
**Please refer to Item 19 of our latest FDD