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This is what you need to know before you start an elderly care franchise

Posted: 10 Mar 2019
Estimated Read Time: in 10 minutes

Want to explore elderly care franchise opportunities but don’t know where to start? Find out the essentials you need to know here at What Franchise.

This is what you need to know before you start an elderly care franchise

Running an elderly care franchise can be challenging but rewarding. This worthwhile industry could pave your way to starting a business with longevity that enriches the local community. If you want to help people and be part of a franchise with a social impact, elderly care may be right for you.

Elderly care franchises are important businesses that not only provide you with a good business income but also have a crucial social function. The UK is made up of a larger-than-ever elderly population, and as life expectancy increases and the quality of care and treatment improves, the elderly care sector is expected to grow further, with demand for care homes alone set to go up by 86 per cent by 2035.

There’s a lot of variety in this sector, so you will be able to choose an elderly care franchise opportunity that best speaks to you. Keep reading to find out the crucial things you need to know before you start an elderly care franchise.

You can take your business to your customers

Homecare is just one of many options in elderly care franchising. You will be able to meet your clients in the comfort of their own homes and provide the care they need in a setting where they feel secure. Homecare Preferred and Home Instead are just a couple of the elderly care franchise opportunities on offer that will allow you to run your business in this way.

Creative skills could be useful

Some people may have a view that elderly care is simply about helping people with their mobility and day-to-day tasks, but it can take many forms. Some elderly care franchises use creative tools to help improve people’s quality of life. If you have creative skills and want to make a difference, elderly care franchise opportunities with Musica and Musical Moments could chime well with you. These franchises use music and movement to help the elderly and those living with dementia by enriching their lives.

Supplying mobility products is an option

Another alternative when running an elderly care franchise is supplying mobility products. These much-needed products include wheelchairs and chairlifts, which allow people to take more control over their movements and lives. Starting an Ableworld franchise means you’ll be able to deliver these products and provide services to customers who require them.

You and your employees can work in many different settings

In-home care is just one option for elderly care franchising. Your business could allow you and your employees to work in a variety of different places. From going into residential homes and caring for elderly people to supplying staff for hospitals and more, your exact experience will vary depending on which opportunity you choose. Kare Plus and 247 Professional Health are franchises that provide staff for different environments. If you have a knack for recruitment and want to make a real impact, these elderly care franchise opportunities can be perfect. With 247 Professional Health, you could also work from home, giving you true flexibility in your business.

The franchise fee depends on the company and can vary greatly

The franchise fee covers your initial administrative costs for the franchise and can also go towards any training and marketing you may need. It is your investment for starting a franchise and, like in all industries, the amount can vary greatly between different companies. While some may start at a few thousand pounds, others can cost six figures or even more. It’s important to identify your budget before you pick an elderly care franchise opportunity, as this will influence your final decision. With some franchises, you may be able to get finance to help you get started — Home Care Preferred will even match you up with suitable banking partners. Even if you don’t have the full franchise fee for your preferred opportunity at your disposal, there are still options for you to explore.

Ready to get started with your own elderly care franchise business? Read about the rest of our elderly care franchise opportunities and choose the one that is right for you.

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