Best Senior Care Franchises in 2024
Choosing the best senior care franchise isn’t just about making a smart investment—it’s about being the hero in the golden years of countless lives.
Choosing a top senior care franchise isn’t just about making a smart investment—it’s about being the hero in the golden years of countless lives.
The senior care industry is one of the fastest-growing sectors in the economy, as more Americans turn 65. The growing sector is worth billions. Buying the best senior care franchise is an excellent way to invest in a profitable, feel-good company that serves the community well. Senior care providers are vital members of the community who look out for the weaker members of society. If you’re interested in helping the elderly in your neighborhood, think about purchasing the best senior care franchise.
Key Takeaways to Best Senior Care Franchises
- Currently, 15% of Americans are 65 years of age or older, a startling one in six of the population.
- Senior healthcare is one of the fastest-growing industries in the world, and demand for it is skyrocketing in the United States.
- Currently, 56 million persons in the United States are 65 years of age or older, making up roughly 17% of the country's total population.
- Over the next three decades, the number of people in America who are 65 and older is expected to roughly double.
- It is anticipated that the number of people 85 and older would more than double, from 6.6 million in 2019 to 14.4 million in 2040 (an increase of 118%).
- The majority of persons 65 and older experience pain, injuries, mobility abnormalities, and balance problems; 70% also have two or more chronic diseases.
You’ve chosen an amazing moment to enter the home care franchise market! There has never been a more immediate demand for high-quality, personalized medical attention. As the current generation starts to retire, they will also require senior living facilities, medical attention for age-related illnesses, and treatment for chronic health issues.
10 Top Senior Care Franchises
The below mentioned 10 leading franchises are worth considering if you’re looking to join the healthcare and elder services sector with a reliable franchise partner. Some even provide lower-cost, home-based alternatives for caring for elderly people while they are at home:
SAFE Homecare
SAFE Homecare offers in-home services to seniors who live in their homes but find it difficult to carry out everyday tasks. Professional caregivers come to clients’ homes to help with dressing and bathing, light housework, memory care, activities that stimulate the brain, assistance for chronic conditions, and company. The company provides technology that enables caregivers to communicate with primary caregivers and family members to arrange care, discuss duties, and make payments.
Quick facts
- Locations: 3
- Founded: 2014
- Franchised: 2016
- Initial Investment: $86K to $132K
- Franchise fee: $40,000
Golden Heart Senior Care
Golden Heart is an in-home care company that specializes in providing seniors with specific focus and personal care. It provides live-in services, housekeeping, meal preparation, and company in the comfort of their own homes or assisted living facilities. Furthermore, the program provides temporary assistance to look over elderly people who are at risk while their primary caregiver is abroad. Senior services, both medical and non-medical, are provided by Golden Heart.
Quick facts
- Locations: 22
- Founded: 2009
- Franchised: 2010
- Initial Investment: $69K to $96K
- Franchise fee: $45,000
Home Helpers Home Care
Home Helpers provides one-on-one home care services to seniors who require support in their homes so they can live freely and in comfortable surroundings. The four main aspects of in-home care are provided by the well-known Cared-4 program: nutrition and well-being, wellness calls, safety and round-the-clock monitoring, and care and companionship. Home Helpers serves a variety of populations, including working parents, new mothers, and people in need of short-term in-home convalescent care, in addition to elderly.
Quick facts
- Locations: 308
- Founded: 1997
- Franchised: 1997
- Initial Investment: $96K to $139K
- Franchise fee: $48,900
SarahCare
Seniors can get a variety of services from the SarahCare network in the comfort of their own homes and communities. The organization offers social events, medical monitoring, enrichment activities, and help with daily living activities to adult day centers. Seniors who use SarahCare benefit from a safe, engaging social atmosphere as well as extras like music, crafts, memory care activities, pet therapy, and more.
Quick facts
- Locations: 27
- Founded: 1995
- Franchised: 2000
- Initial Investment: $392K to $850K
- Franchise fee: $34,900
Options for Senior Americans is a best supplier of non-medical senior in-home care and assistance. In their homes or care facilities, patients can get services including housekeeping, light maintenance, doing personal errands, meal preparation and planning, transportation, safety monitoring, and companionship. For more complex care requirements, such as medication administration, insulin injections, professional hospice assistance, and visiting nurse coverage, the organization also provides skilled nursing coverage.
Quick facts
- Locations: 17
- Founded: 1990
- Franchised: 2005
- Initial Investment: $85K to $110K
- Franchise fee: $47,500
Avendelle Assisted Living
Regarding long-term senior care, every individual has different requirements. Not everyone wants to live in a large assisted living facility, and at Avendelle Assisted Living are aware of this. Larger institutional facilities frequently allow for greater margin for error when providing care for the residents.
Smaller, cozier, and more intimate environments are the main focus of the well-regarded assisted living family care facilities. As a result, the residents are able to experience a true sense of family. A larger institution just cannot offer the specialized, one-on-one care that their highly trained team can more readily deliver. They take great satisfaction in meeting each senior in their care’s individual preferences as well as their demands and wants.
Quick facts
- Locations: All U.S. states and territories. Also taking leads internationally.
- Founded: 2005
- Franchised: 2016
- Initial Investment: $100,000 - $250,000
Trublue Home Service Ally
TruBlue Complete Home Care is in a prime position to seize the next big chance in the quickly growing senior care industry. For the next 20 years, more than 10,000 people will reach 65 EVERY DAY, and almost 90% of them desire to “age” established.” Because of this, there is a big and ongoing need for Total House Care to handle various tasks like yard work, maid service, repairs, and house upkeep. Seniors and busy families may have the money to maintain their homes, but they often lack the skills, time, physical capacity, or motivation to complete such activities. Trublue fome service ally offer House Care Plus, a monthly or quarterly membership that includes these house care services. dependable, prompt house maintenance as well as ongoing revenue for you.
Quick facts
- Locations: TruBlue has more than 90 locations across the country.
- Founded: 2011
- Franchised: 2012
- Initial Investment: $65,050-$91,400
- Franchise fee: $44,900
CarePatrol
One of the country’s pioneers of the senior placement business founded CarePatrol. Without having to worry about employing caregivers, the senior care sector offers high profits, cheap investment, and low overhead. All you have to do to earn a sizable commission is suggest seniors to assisted living and other housing places.
Quick facts
- Locations: All U.S. States
- Founded: 1993
- Franchised: 2009
- Initial Investment: $52,000- $111,000
- Franchise fee: $57,000 standard or $20,000 reduced initial franchise fee
FirstLight HomeCare
FirstLight HomeCare provides seniors, new moms, disabled adults, and other people in need of assistance with complete, in-home, non-medical, and personal care services. The basis of FirstLight was built by its founders, who are based in Cincinnati, Ohio, and have over 170 years of combined expertise in elder services, franchising, and health care.
Quick facts
- Locations: U.S. States
- Founded: 2009
- Franchised: 2010
- Initial Investment: $125,675 to $199,660
- Franchise fee: $50,000 ($7,500 Discount for Veterans)
Quick facts
- Locations: U.S. States
- Founded: 2002
- Franchised: 2002
- Initial Investment: $127,800 - $171,800
- Franchise fee: $55000
2nd Family
A family-run company, 2nd Family was founded as a consequence of their personal experience looking for in-home care for the grandma. They saw firsthand the stark disparity between the kind of care they desired for their own loved one and the quality of care that was readily available. For the family, it was emotionally taxing and stressful. After going through the process of looking for someone to look after their grandmother, cousins Chad Tracey and Josh Markland felt obligated to step in and assist others in similar circumstances by providing our clients with a senior care experience that is more individualized, transparent, and well-organized.
Quick facts
- Locations: U.S. States
- Founded: 2011
- Franchised: 2020
- Initial Investment: $100,305 - $176,299
- Franchise fee: $52,500
List of Other Senior Care Franchise Opportunities
Following is the list of other senior care franchise opportunities.
| Franchise Name | Number of Units | Cash Required |
|---|---|---|
| ComForcare Senior Services | 100+ units | $50,000 - $100,00 |
| Hallmark Homecare | Less than 20 unit | $50,000 - $100,000 |
| Executive Home Care | 20-50 units | $50,000 - $100,000 |
| Assisted Living Locators | 100+ units | $25,000 - $50,000 |
| Amada Senior Care | 100+ units | $100,000 - $250,000 |
| Mobility Plus | 50-100 units | $250,000 |
| Seniors Helping Seniors | 100+ units | $50,000 - $100,000 |
FAQ's
How much does it cost to buy a senior care franchise?
The cost of buying a senior care franchise can vary widely depending on several factors, including the franchise brand, location, size of the territory, and the specific services offered.
How much do senior care franchises make?
An average senior care franchise makes between $250,000 and $500,000. This provides you an indication of what you may expect to earn as a senior care franchise owner, of course there will be some variance from one business to the next.
Are senior care franchises profitable?
Senior care franchises offer substantial returns in the form of yearly income and long-term equity gains, in addition to the modest initial investment. These franchises have historically produced some of the highest profits of any franchise firms.
Final Thoughts on Investing in Senior Care Franchises:
Buying a senior care franchise offers a chance to get into a market with a strong demand for services and an industry that is expanding quickly. The demand for senior care will only expand as the population ages, offering various opportunities for growth and financial gain. Franchises are a popular choice for entrepreneurs because they provide a complete company model along with support and direction from the franchisor. When selecting a franchise, things to consider include the initial expense, the support and training offered, and the brand’s standing in the marketplace, since you may positively feel the lives of elders in your community, investing in a senior care franchise can be a financially and personally satisfying career.
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