--- title: "The 3 Hottest Service Franchise Categories Right Now" url: https://burnaze.com/article/3e6b16fc-48ce-47f2-934e-fe2c71a9ba8e source: "1851 Franchise" original_url: https://1851franchise.com/the-3-hottest-service-franchise-categories-right-now-2719428 category: "Senior Care" industry: "Senior Care" published: 2022-08-18T17:12:00.000Z modified: 2026-11-01T02:11:57.096Z image: https://newimage.1851franchise.com/cdn-cgi/image/quality=85,format=webp,width=1280,height=720/story/featureImage/f536437cb339e14e31e5938d3f769ee34850.jpg --- # The 3 Hottest Service Franchise Categories Right Now **TL;DR:** The services industry, including senior care, home services, and children's services, is set to dominate the economy, with franchising offering numerous concepts to choose from. The senior population is increasing rapidly in the United States, driving the need for high-quality senior care, while the home services industry has exploded in popularity due to the COVID-19 pandemic. *originally published in 1851 Franchise on 2022-08-18. [Read the original](https://1851franchise.com/the-3-hottest-service-franchise-categories-right-now-2719428).* ## Story In today’s post-peak-pandemic landscape, the services industry is set to dominate the economy, with people increasingly moving away from brick-and-mortar retail shopping. And for those entrepreneurs looking to get a piece of the action, franchising encompasses nearly every service category imaginable. Whether it be tutoring or day care centers, in-home senior care or youth sports programs, prospects have a dizzying array of concepts to choose from. The senior population is increasing rapidly in the United States — a so-called “silver tsunami” of Baby Boomers is already hitting retirement age. By the year 2030, AARP reports around 20% of the population will be 65 years old or older. As the population grows, the need for high-quality senior care has been exploding in the U.S., exacerbated by the COVID-19 pandemic, which further emphasized the importance of keeping the older population safe and healthy. When it comes to the senior care sector of the franchise industry, there are many different types of franchise businesses, including everything from medical care to handyman services. Perhaps one of the most increasingly popular types of concepts within the industry is the home care segment. According to the National Council on Aging, 90% of seniors say they plan to remain in their homes for the next 5–10 years, and the Family Caregiver Alliance (FCA) has reported there will be 27 million people in need of long-term care by the year 2050, double the number who required these services in 2000. Following the COVID-19 pandemic, this need has only become more and more relevant, with experts predicting the home care industry will be worth a whopping ??$225 billion by 2024. If the past two years have taught us anything, it is that the $500 billion home improvement industry will never go out of style. After the COVID-19 pandemic compelled people to stay at home and notice all the flaws and imperfections of their houses, the home services industry exploded in popularity. According to a Nerdwallet survey, three in five homeowners, or 61%, have taken on home improvement projects since March 1, 2020. On average, these homeowners spent $6,438 on those jobs. And the home improvement industry was already growing six percent annually even before the pandemic. Additionally, with the influx of home sales across the country, both buyers and sellers are looking to spend money on improvements, whether it be remodeling, painting, lawn care, window care or pest control. Best of all, the home services industry increasingly presents prospective franchisees with a low cost of entry, simple operations with low staffing requirements, no need for a brick-and-mortar site, and a manageable work-life balance. There are about 74 million children under the age of 18 in the U.S., and in an era where parents are spending massive amounts of money on their children’s health, education and overall wellbeing, the children’s services segment represents a near recession-proof opportunity. Increasingly shrinking school budgets are pushing parents to look elsewhere for supplemental education opportunities, access to the arts and other opportunities to be active and gain valuable skills through ancillary businesses. Plus, throughout COVID-19, more than 97% of educators reported some sort of learning loss in their students compared to previous years. In efforts to bridge the learning loss gap, McKinsey & Company suggests 50 minutes of tutoring a day. With the unparalleled demand for tutors, franchisees have the chance to step up in their communities and help students grow more confident in the classroom. Children’s services franchise concepts can include everything from education centers to youth sports programs. While cost of entry will range significantly depending on the concept, the category itself is sure to offer plenty of demand and a meaningful, enriching experience. ## Entities - 1851 Franchise (publication) - Senior Care (sector) - senior care (topic) - home services (topic) - franchise industry (topic) - AARP (company) - McKinsey & Company (company) - children's services (topic) - post-pandemic economy (topic) --- Originally reported by 1851 Franchise (https://1851franchise.com/the-3-hottest-service-franchise-categories-right-now-2719428). Summarized by Burnaze (https://burnaze.com/article/3e6b16fc-48ce-47f2-934e-fe2c71a9ba8e).