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247 Professional Health In Brief

  • Description

    Supplies healthcare staff to residential and care homes, hospitals, learning disability centres and mental health centres

  • Business Type

    Care & Elderly Services, Care Home

  • Investment Level

    £ 20,000

About 247 Professional Health

Set up in 2008, 247 Professional Health supplies healthcare staff to residential and care homes, hospitals, learning disability centres and mental health centres. Staff include nurses, care assistants, support workers, domiciliary care assistants, companions and domestics.

After a successful first year, the company decided to franchise the business concept and today has over 20 franchises operating in the UK. As a result of its growth and investment in the systems and processes it uses to run the business, 247 Professional Health claims to have one of the largest banks of healthcare staff on its books in the UK.

247 Professional Health is accredited by the Care Quality Commission, The Recruitment & Employment Confederation, United Kingdom Homecare Association and Investors in People.

How does the 247 Professional Health franchise model work?

A 247 Professional Health franchisee’s role is to manage their own healthcare agency providing staff to clients in the sector.

247 Professional Health franchisees operate in a protected trading territory and utilise a proven business model that has been successfully implemented by individuals from all walks of life.

The company’s tried and tested systems enable franchisees to place healthcare workers with employees, monitor the hours they have worked, ensure clients are satisfied with the service provided, pay workers on time and invoice clients in a timely fashion.

Would-be franchisees must be good with people, have good communication and organisational skills, plus be driven, numerate and computer literate.

 

What is the earnings potential of a 247 Professional Health franchise?

The company states that in year one franchisees can build a business that turns over £300,000 per annum and has a gross margin of £120,000 (or 42.6 per cent of annual turnover).

247 Professional Health says that in year two turnover for a franchise business can hit approximately £619,000, while in year three turnover can reach £743,000.

However, these figures are only a guide and not a guarantee of the return you can expect on your investment.

247 Professional Health’s pilot franchise turned over £397,000 in its first year of trading, according to the company.

 

What ongoing fees does 247 Professional Health charge its franchisees?

To provide the package of support necessary to operate a business of this nature, 247 Professional Health charges a management service fee of 3.9 per cent of a franchisee’s total billings.

In order to fulfil an efficient payroll and invoicing function, the company also charges its franchisees a sum that equates to 1.5 per cent of their total billings.

 

What locations or territories is the 247 Professional Health franchise looking to operate in?

There are franchise opportunities available throughout the UK.

 

Where in the UK is the 247 Professional Health franchise based?

The company’s head office is in Southport, Merseyside.

 

What training and support do 247 Professional Health franchisees receive?

Initial training is comprehensive and tailored to each individual franchisee’s needs.

The programme covers the 247 Professional Health systems and procedures, the rules an agency in the healthcare sector has to abide by, how to recruit agency workers and how to attract and retain clients.

This enables a franchisee to replicate the success of 247 Professional Health’s pilot franchise and other businesses in the franchise network, which is the essence of a successful franchise business.

Regular training updates are provided by 247 Professional Health for nurses and care workers on the books of the franchisee’s business.

Ongoing assistance with marketing, payroll and invoicing is provided. Franchisees also have access to 24/7 telephone support, which is administered by 247 Professional Health’s experienced head office team.

As part of the franchise package, franchisees become members of The Recruitment & Employment Confederation, receive a quantity of promotional items, have a web page promoting the business set up on their behalf and are given a quantity of presentation items for use when promoting the business to prospective clients.

In addition, they are given access to the 247 Professional Health customer relationship system, a territory database and a range of staff training DVDs.

 

How in demand are the services provided by the 247 Professional Health franchise?

247 Professional Health says because of the way the business is structured and how it operates, it is able to provide a better standard of care than some of its larger competitors in this £18bn sector.

And as the UK population continues to age and specialist care services evolve, professionally qualified and experienced healthcare workers provided by established businesses such as 247 Professional Health are in constant demand.

Industry statistics support this statement. For example:

• According to 247 Professional Health, 50 per cent of women and 33 per cent of men in the UK will need to be cared for long-term at some stage in their lives.

• A report by specialist market research organisation Workforce Intelligence estimated that the number of jobs in the adult social care sector will jump by 40 per cent (or around 650,000 jobs) by 2035.

• Social services buy in somewhere in the region of 70 per cent of their care provision from businesses such as 247 Professional Health.

 

How can I get started on setting up my own 247 Professional Health business?

If you’re interested in investing in the 247 Professional Health business either call the company direct or fill out the enquiry form on the company’s website.

Alternatively, you can send your details direct to 247 Professional Health with one click below.

A franchise territory can be reserved by paying a fully refundable deposit to 247 Professional Health. The company says that, once the recruitment process has started, suitable franchisee candidates can be trading within a matter of weeks.

The company encourages all prospective franchisees to research the business thoroughly before making a final decision and use the services of franchise and financial professionals where necessary.

A franchise prospectus is available that details potential turnover, profit and loss projections and cash flow forecasts.

To find out more or to request further information on franchising with 247 Professional Health, click the ‘Send Enquiry’ button now.

Interested in this franchise opportunity?

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