Top 5 Senior Care Franchises

As the “Silver Tsunami” makes its way to the U.S. and the Baby Boomer population reaches “senior status” at age 65, an estimated 72 million will need senior care in order to age in place. This unprecedented demand presents an exciting and meaningful opportunity for potential franchisees in an industry anticipated to grow from $100 billion in 2016 to $225 billion in the next three years.

• Startup costs: $86,785–$141,390

• Units: 100-plus

Seniors Helping Seniors® is an at-home, non-medical caregiving service that prioritizes employing seniors age 65 and up to assist their less active counterparts. The company was founded by husband-and-wife duo Kiran and Philip Yocom. Kiran was inspired to start the franchise while she worked alongside Mother Teresa.

The Yocams founded Seniors Helping Seniors® in-home services in 1998 and opened the brand up to franchising in 2006. The Seniors Helping Seniors® brand’s mission of “do good and make money” has worked — as the Seniors Helping Seniors® network has grown to 100 franchise partners in 30-plus states and international markets.

• Units: 80-plus

TruBlue Total House Care, the 80-plus unit home maintenance franchise under the Strategic Franchising Systems umbrella, is the only franchise system focused on home maintenance and handyman services for seniors as well as busy families. By providing an affordable, full-service, one-stop shop for home maintenance, all handled by a personal House Care Manager, TruBlue allows seniors to live worry-free. As an entirely mobile franchise opportunity, new franchise owners can dive directly into business following training rather than dealing with the expensive setbacks and slowdowns that come with brick-and-mortar locations.

And, as the senior population across the country only continues to grow, business is booming, offering the potential for growth across the country.

• Startup costs: $150,000

Right at Home*, a 600-plus-unit, in-home companionship, personal care and assistance franchise that prioritizes hiring the right caregivers for clients, specializes in working with seniors and adults with disabilities who want to continue to live independently. Founded in 1995, the majority of the Omaha, Nebraska-based Right at Home locations are independently owned and operated and directly employ and supervise all caregiving staff — thus, low overhead costs.

• Startup costs: $49,950

• Units: 600-plus

With more than 600 agencies across the country, Visiting Angels is arguably the most recognized leader in the senior care category — and for a good reason. According to Franchise Business Review, the in-home care franchise is not only the most frequently Googled home care brand but franchisee revenue averages around $1,400,000 a year. So not only will investors expect lots of foot traffic and a high revenue stream, but they will also be aligned with a brand that values community and personal fulfillment.

• Startup costs: $108,181–$181,431

• Units: 168

Founded in 1982 by Jean Griswold, this franchise with 168 locations has maintained its profound empathy for older and disabled adults and those living with chronic conditions like dementia. With 168 locations in 29 states, Griswold Home Care is one of the country’s top home care companies. Its purpose is to give people the help they need to live in the place they love. Griswold helps adults maintain quality of life despite advanced age or onset of illness. This pandemic-proof business model stands out with its skilled caregivers and makes a sound investment for any entrepreneur.