TL;DR
The senior care industry is expected to see an influx of demand for home care as the population ages, making it a viable opportunity for franchise investors. The number of senior citizens is growing rapidly, positioning senior care franchises as particularly lucrative business opportunities.
The number of senior citizens is growing rapidly, positioning senior care franchises as particularly lucrative business opportunities.
Before the COVID-19 pandemic, the senior care industry was already facing a rapidly aging population curve dubbed the “silver tsunami.” Health care officials predict an influx of demand for home care since many individuals over 65 will favor aging at home rather than in nursing homes or other long-term care facilities. In 2021, the value of quality, safe in-home senior care only became more apparent as the pandemic made inpatient medical care a risky bet for seniors.
For franchise investors looking for an opportunity to get into senior care, here are 16 of our favorite senior care franchises for 2021:
Startup Costs: $96,785-$151,390
Units: 200+
Startup Costs: $80,000-$147,000
Units: 614
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Startup Costs: $126,000-$199,000
Units: 597
Startup Costs: $113,000-$199,000
Units: 190
Startup Costs: $109,000-$151,000
Units: 317
Startup Costs: $84,000-$137,000
Units: 324
Startup Costs: $81,000-$153,000
Units: 135
Startup Costs: $82,000-$241,000
Units: 111
Startup Costs: $102,000-$169,000
Units: 325
Startup Costs: $109,000-$125,000
Units: 1,094
Startup Costs: $67,000-$87,000
Units: 139
Startup Costs: $79,000-$150,000
Units: 206
Startup Costs: $106,000-$133,000
Units: 181
Startup Costs: $32,000-$52,000
Units: 134
Startup Costs: $123,000-$161,000
Units: 578
Startup Costs: $78,000-$99,000
Units: 137
In this story
This story was originally published in 1851 Franchise on March 10, 2021. Burnaze summarizes and links to the original reporting.
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