Franchise Spotlight: Care
The rising demand for quality care means this is an industry offering many diverse franchise opportunities.
The average American life expectancy is 78.7 years and statistic show this is predicted to rise due to developments in health care and medicine. The care franchise sector is there for growing rapidly to meet this demand.
This sector covers a broad range of medical and non-medical services, from treatment, therapy and nursing to assisted living, companionship and meal services. As well as the elderly, it also covers people who have suffered an injury or are living with a disability or long-term illness. With 14.3 million people working in the US healthcare industry, this is a sector teeming with franchise opportunities.
Care industry analysis
Customers looking at using care services have been especially diligent in recent months, with the recent pandemic putting a spotlight on the safety, procedures and regulations in care homes. This is a sector where customer well-being needs to be put ahead of profit.
Do your research to ensure you are going with a reputable and highly competent brand name with a track record for stringent compliance and high-quality care. You will be able to lean on their wealth of experience, operational, recruitment and management methods so your business can offer the best possible care to clients.
Whilst you don’t necessarily need a medical background to run a care franchise, you should be passionate about working with people and confident about the role your franchise plays in the community. As well as being a sector that has a positive societal impact, it also a stable and recession-proof industry.
With an ever-increasing demand for high-quality care, this can be a challenging yet highly rewarding sector to be part of.