“Senior care has been one of the fastest growing franchise segments in recent years. The industry is ripe with opportunity for prospective franchisees.”
Portsmouth, NH (PRWEB) December 1, 2010
The report—Senior Care and Home Healthcare Franchises—looks at the fast-growing, multi-billion dollar senior care industry to assess the franchise investment opportunity. The services provided by franchises in this segment focus primarily around non-medical, in-home care for seniors, but some companies also offer skilled medical care, medical staffing for hospitals and other healthcare agencies, and home healthcare services to non-seniors.
To compile the report, researchers at Franchise Business Review looked at more than 35 senior care/home health franchise companies, including the 25 biggest franchisors in the U.S.
“Many of these companies are thriving despite the economic downturn,” said Franchise Business Review president and CEO Eric Stites. “Senior care has been one of the fastest growing franchise segments in recent years. The industry is ripe with opportunity for prospective franchisees.”
According to recent census data, there are over 40 million seniors living in the U.S., and this number is expected to double over the next 25 years. Franchises within the space will benefit from the projected long-term growth of the customer base, as well as the relatively low investment required to open a home care franchise.
The average investment can be as little as $50,550, and because the typical start-up can be based at home with little overhead costs, the return on investment for this type of business is significantly higher than other franchise opportunities. Some of the top senior care franchises have gross revenues of several million dollars with gross margins up to 40%, according to the Franchise Business Review report.
Franchise Business Review, a market research company, looks at franchise opportunities from the perspective of a franchisee candidate using both detailed company and industry research applied consistently across all franchises. While the success of any franchise investment is highly dependent on the actions and performance of the individual franchise operator, Franchise Business Review's research focuses on key metrics collected from franchise disclosure documents (FDD), management interviews, industry and competitor information, and Franchise Business Review’s own proprietary analysis.
Franchise Business Review will discuss the findings of the report (including the advantages and disadvantages of running a home care franchise), as well as the company’s unique methodology used to determine a franchise’s investment value in a special free webinar on Friday, December 17, at 1 p.m. EST. To register or for more information, visit http://www.franchisebusinessreview.com.
About Franchise Business Review
Franchise Business Review is a national franchise market research firm that performs independent surveys of franchisee satisfaction and franchise buyer experiences. The firm’s services include commissioned franchise research projects, as well as industry-wide studies of franchisee satisfaction. Franchise Business Review is headquartered in Portsmouth, NH, and can be reached at (603) 433-2270. Visit http://www.franchisebusinessreview.com for more information.