Are you interested in joining the senior care industry by purchasing a home care franchise? If so, you probably already know this dynamic sector is flourishing and forecasted to experience additional growth over the coming years. As the Baby Boomer generation ages, individuals are opting to age in place rather than relocating to a retirement home or elder care facility. Seniors are actively choosing to benefit from the increasingly widespread availability of professional home care services.
Home care franchises offer an opportunity for entrepreneurs to follow their passion for helping those in need while utilizing their business sense and securing their financial future. That said, your experience of becoming a franchisee will depend greatly on the franchisor you work with. Everything from their brand reputation and care philosophy to the training and marketing support the franchisor provides to the specific services integrated into their business model will influence your profitability and the satisfaction you feel in your day-to-day work life.
Gather Key Information About Home Care Franchises
Connecting with various home care franchisors will provide the chance to learn more about this sector and your options for thriving as a business owner within the industry. To ensure you partner with a brand that will help you reach your full potential for success, we encourage you to ask potential franchise partners the following questions:
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How much industry experience do I need to succeed?
You don’t need to have any experience in caregiving, health care, business ownership, or a related field in order to run a successful Senior Helpers franchise. That’s because we provide in-depth training and ongoing support that will enable you to leverage our experience in the industry for your own benefit.
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Can I speak with current franchise owners within your franchise network?
Absolutely! In fact, speaking with existing Senior Helpers franchise owners is Step 4 of our straightforward, six-step process for purchasing a home care franchise. We ensure qualified candidates have the opportunity to connect with other members of the Senior Helpers franchise family. We want you to get an up-close look at what a typical day of managing one of our franchise locations looks like. Speaking with current owners will also allow you to gain crucial insights into the journey of becoming a prosperous business owner.
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What initial costs and ongoing fees can I expect to pay as a franchisee, and are there any discounts?
We offer one of the most affordable home care franchise packages in the industry. In fact, Entrepreneur recognized Senior Helpers as one of the top low-cost franchises. Our initial franchise fee is $55,000, and this cost can be further reduced through our discounts for veterans and minorities. All in all, the average initial investment per territory is $148,000. As for ongoing fees, we maintain a 5% royalty rate and also offer a discount on this fee for those who sign their Franchise Agreement on Meet the Team Day.
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What types of services will I be able to provide, and who will I serve?
Our services fall into the category of non-medical senior care and provide the flexible, personalized support that elderly adults need throughout their experience of aging at home. In addition to basic care services such as companion care, personal care, and respite care, we also offer specialized programs for Alzheimer’s and dementia care and Parkinson’s care. As the owner of a Senior Helpers location, you will serve some of the most vulnerable members of your community and help give their family members much-needed relief from caregiving.
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Are your home care franchise territories protected, and where are they available?
Yes, each of our franchise territories is protected, meaning the franchise owner possesses the exclusive right to market Senior Helpers services within their designated service area. Our territories are designed to encompass a minimum of 30,000 seniors to ensure there is plenty of potential for each franchise to maintain a large client base.
As for our franchise locations, we have more than 600 franchise territories available for purchase across 46 US states. These locations include some of the largest, most affluent and investor-friendly metro markets, as well as smaller communities in need of a reliable source of home care.
Want to learn more about our home care franchise? For details about partnering with Senior Helpers, contact us online or reserve a call with one of our team members!