Top Health Franchises to Fuel Your Passion

Turn your passion into profit with these top health franchises. From fitness to home care to healthy eating, explore your many options and which is best for you.

Why Should I Consider Investing in a Franchise?

First, why should you invest in a franchise instead of opening your own business from scratch?

Investing in a franchise allows you to operate under an established brand with a proven business model. The brand recognition and business model significantly reduce the risks associated with starting a business from scratch. Entrepreneur found, on average, only 3.9% of franchises were terminated or closed over the first five years of operation. With the reduced risk, lenders are more likely to fund franchisees.

Franchises provide support in terms of training, marketing, operational strategies, and IT support, making it easier for you to hit the ground running. Moreover, being part of a franchise means being part of a larger network, which can be invaluable for support and advice.

Top Health Franchises to Consider

The global wellness economy hit a record high of $5.6 trillion in revenue in 2022, according to the Global Wellness Institute. The research organization forecasts that the number will grow to $8.5 trillion by 2027. So, what makes up this economic sector?

  • Fitness centers and gyms: As a popular choice for wellness franchises, they cater to a growing demand for physical fitness and offer a range of services, from personal training to group classes. Due to the size of the building needed and the amount of expensive equipment required for this type of franchise, the investment price tag is generally high. Brands like Anytime Fitness and Planet Fitness are well-known in this space.
  • Chiropractic clinics: For those interested in alternative medicine, chiropractic franchises offer services focusing on spinal health and overall well-being. These clinics often attract clients seeking pain relief and preventive care.
  • Physical therapy offices: Franchises in physical therapy provide rehabilitative care and wellness services. They are ideal for those with a background in physical therapy or an interest in helping people recover from injuries and improve their physical capabilities.
  • Nutrition and weight loss centers: These franchises focus on diet and nutrition to promote health and wellness. They often offer personalized nutrition plans, weight loss programs, and supplements. Examples of these franchises are Jenny Craig or GNC.
  • Yoga and Pilates studios: If mind-body wellness is your passion, investing in a yoga or Pilates studio can be rewarding. These studios offer classes for all skill levels and often incorporate wellness workshops.
  • Medical spas: Medical spa franchises combine healthcare and aesthetics, offering services like laser treatments, Botox, and skincare therapies. They cater to a clientele focused on both health and beauty.
  • IV hydration clinics: These clinics are becoming increasingly popular, offering intravenous hydration and vitamin therapies for wellness and recovery. They appeal to a wide range of clients, from athletes to those seeking wellness boosts.
  • Home care: A home care business like A Place At Home offers a unique opportunity to provide essential services to seniors or those needing in-home care. This sector is experiencing significant growth due to the aging population.

Why Home Care is a Fulfilling Opportunity

The future of home care is bright. The target market will only grow as 10,000 Americans turn 65 every day, and almost all seniors prefer to age within their homes. Home care franchises are often less expensive compared to other types, such as gyms and med spas. For example, A Place At Home has an initial investment range of $84,185 to $148,517.

Beyond the financial side, a home care franchise is not just a business; it’s a chance to make a real difference in people’s lives. As the population ages, the demand for in-home care services is increasing. This sector offers the satisfaction of providing essential services that help individuals maintain their dignity and independence in their homes.

Why A Place At Home is the Right Choice

A Place At Home stands out among home care and senior care franchises for our comprehensive approach. Our franchise offers more than just in-home care; we provide a full spectrum of services, including care coordination, senior living alternatives, and staffing solutions. Investing in A Place At Home means joining a network that values compassion, quality care, and community impact.

We provide our franchisees with a robust support system, ensuring you have the tools, training, and resources needed to succeed. Our business model is designed for growth and sustainability, making it an attractive investment for those enthusiastic about health and caring for others.

If you’re ready to fuel your passion for health, fill out our request information form.

Future of Home Care: What to Expect from an Economic Standpoint

The future of home care is met with ever-increasing demand but a severely limited number of caregivers. This creates endless opportunities to help close the gap.

Home Care Market Growth

The demand for personalized, in-home care services is skyrocketing, driven by an aging population, a growing preference for aging in place, and the prevalence of chronic diseases.  Grand View Research finds that the home healthcare market was valued at $152.9 billion in 2023 and will grow to $253.4 billion by 2030.

Challenges to Expect

While revenue is expected to grow by over $100 billion in the next seven years, like many other industries, home care faces a financial battle with rising service costs. Home Health Care News (HHCN) finds that agencies are reporting a 15% to 40% increase in the cost of care. While home care agencies might be forced to raise prices, it’s critical to remember these services are vital to our senior population, which makes them recession resistant. Plus, HHCN also reported that agencies believe bill rates will hit a ceiling and stabilize in the future of home care.

With the cost of care rising, agencies are choosing between catering to wealthier clients or diversifying their revenue streams​​. At A Place At Home, our franchisees can offer a variety of services that allow them to encompass the entirety of the aging journey. Those services include not only in-home care but also care coordination, senior living alternatives, and staffing solutions.

In addition to the caregiver shortage, there’s a notable issue with clients poaching caregivers, meaning caregivers leave agencies to work directly for clients, often for better pay or steadier hours​​. So, if you’re looking to join the industry, invest in your workforce retention programs to avoid this. Joining a franchise like A Place At Home is another way. Our franchise system has some of the highest caregiver satisfaction ratings in the industry, and many of our locations earn Home Care Pulse’s Employer of Choice award.

Behind the Demand Increase

Demographic shifts are driving the rise in demand for home care. Specifically, the U.S. Census Bureau projects a notable surge in the population of Americans aged 65 or older, from 52 million in 2018 to 95 million by 2060. Already, 4.5 million patients in the U.S. receive some type of home healthcare annually, according to Media. Considering these figures and the U.S. Department of Health and Human Services’ estimation that 70% of seniors will eventually require some type of long-term care, you can anticipate a substantial increase in the number of in-home care patients in the coming decades.

The pandemic has also altered senior care. Besides a patient’s preference for at-home care for its convenience and personalization, families recognize the safety component. The fear of infection with group living hindered the future of nursing homes. There’s also been a growing recognition of the benefits of in-home care over institutional settings, fueling the future of nursing homes and the future of hospice care to lean more toward home-based models.

Economic Resilience of In-Home Care Businesses

The resilience of the home care industry in economic downturns is notable. Unlike many other sectors, home care services are essential and can’t be deferred or replaced, making them less susceptible to economic fluctuations. This resilience stems from the constant and growing need for healthcare services, especially for seniors and those with chronic conditions.

The Future of Home Care Looks Promising

Given these factors, home care is emerging as a promising business. It offers scalability, resilience to economic fluctuations, and a continuous demand driven by demographic trends and changing healthcare preferences. For franchise investors, aligning with a brand like A Place At Home that has a comprehensive approach and is at the forefront of industry trends can be a particularly strategic move.

Partner with a Premier Provider: A Place At Home

A Place At Home stands out in this flourishing market. Our comprehensive approach positions our franchisees at the forefront of the industry. That approach covers a range of services, from companionship to staffing solutions. We’re committed to quality through our robust franchise support system that provides a solid foundation for new investors like you. Additionally, our innovative strategies in workforce development, technology integration, and customer service set us apart and make us a leader in shaping the future of home care.

Are you ready to get started? Fill out our request information form on our website to begin the journey.

6 Best Business Ideas for Couples That Are Purposeful & Profitable

Considering opening a business with your significant other? You’re not alone, because 1.2 million U.S. small businesses are owned by husband-and-wife duos, according to Score.

A couple that makes money together stays together. See the best business ideas for couples that will fill your heart and pockets. Get ideas here.

1. Café or Small Restaurant

One of the classic business ideas for couples is opening a café or a small restaurant. If one of you loves cooking and the other has a knack for customer service or management, this could be

a perfect match. It’s a business that allows for creativity, community engagement, and the joy of bringing people together over good food. Restaurants can come with expensive startup fees and long hours.

2. Bed and Breakfast

Running a bed and breakfast can be a lucrative and enjoyable business opportunity for couples who love hospitality and have a charming property. It’s a great way to meet new people, provide a unique travel experience, and work from the comfort of your own home. If you’re using your own property, you’ll have to get used to having people around your home all the time. And if you’re not using your property, you’ll have to invest in one, which is expensive.

3. Online Retail Store

E-commerce is booming, and starting an online retail store is one of the more flexible business ideas for couples. Whether selling handmade goods, curated collections, or drop-shipping, the online space offers vast opportunities with relatively low startup costs.

4. Fitness Studio or Gym

If fitness and wellness are your passion, opening a studio or gym can be fulfilling and profitable. This venture allows you to share your love for health and wellness with others while building a community around your brand.

5. Property Investment

Real estate and property investments present a lucrative opportunity for couples. Whether flipping properties to sell or managing rental properties, this sector offers significant income and capital growth potential. It’s a business that benefits from the combined skills of negotiation, renovation, and property management. For couples, this can be an exciting venture as it allows for creativity in design and strategy in investment, making it one of the more dynamic business ideas for couples. But, as with the bed and breakfast, buying properties requires a hefty initial investment.

6. Homecare Franchise

A homecare franchise is among the best business ideas for couples, especially those seeking a purposeful and profitable venture. It combines the opportunity to make a significant impact in your community with the potential for financial success. The AARP states that 10,000 people turn 65 every day in the U.S., so the need for in-home senior care will only continue to grow for decades to come.

Why Invest in a Franchise?

Franchising offers a unique blend of entrepreneurship and support, making it an attractive option for couples. When you choose a franchise, you’re not just starting a business; you’re joining a proven system with established processes, branding, and support. International Franchise Professionals Group (IFPG) discusses how there’s typically a lower failure rate in franchising compared to starting a business from scratch. This is because of that proven business model, support, and brand recognition.

Benefits of Franchising as a Couple

Running franchises for couples has several advantages over going it alone. As a team, you can divide responsibilities based on your strengths, offer each other support during challenges, and share the joys of success. This partnership can lead to a more balanced work-life dynamic and a deeper understanding of the business from multiple perspectives.

As a couple, you typically have a stronger bond and a deep respect for each other that helps provide better communication. Business News Daily explains that excellent communication can be a couple’s most valuable tool during business ownership.

Why Choose Homecare?

Among various franchises for couples, a homecare franchise is particularly appealing for several reasons. First, the industry is rapidly growing in demand. With the aging population, the need for in-home care services will only increase, making it a sustainable business choice. More specifically, Fortune Business Insights finds that the U.S. home healthcare services market was worth $94.17 billion in 2022 and is predicted to grow to $153.19 billion by 2029.

Running a homecare franchise often requires a blend of skills – from management and caregiving to marketing and customer service. Couples can leverage their diverse skill sets for greater success. In addition to the transferable skills, homecare franchisors, like A Place At Home, offer extensive training and ongoing training to help prepare you for opening and guide you through the years.

A homecare franchise allows you to make a real difference in people’s lives, providing a sense of purpose and fulfillment that’s hard to find in other businesses. Along with the moral benefits, a senior homecare business can offer more flexibility than traditional businesses, allowing you and your significant other to manage your work-life balance.

A Place At Home: A Top Choice for Couples

A Place At Home stands out as one of the best franchises for couples and among senior care businesses. We offer a comprehensive range of senior-focused care services, including in-home care, care coordination, senior living alternatives, and staffing solutions, designed to provide personalized guidance throughout the aging journey for the seniors in your community.

By joining A Place At Home, you become part of our family of franchisees that values integrity, compassion, and excellence. You’ll receive training, support, and the tools you need to build a successful business that makes a real difference in your community.

Several of our franchisees are husband-and-wife duos like Stacy and Brian Eisenberg, owners of A Place At Home North Austin.

“A Place At Home for me means us being home together, working together. A chance for her to be at home and foster the care that she’s always had and bring that into her own business. I’m excited to build a business with Stacey around her passion and knowledge,” said Bryan.

Ready to learn more about the A Place At Home franchise? Fill out our form to connect with us.

Home Service Franchise vs. Home Care Franchise: How They Compare

Considering home care or home service franchising? Home service franchises and home care franchises allow you to bring the service to the customer’s home. See how these two franchise opportunities compare.

Home Service Franchises: An Overview

Home service franchising is a broad sector that includes any service provided to homeowners, whether improving, maintaining, or refurbishing their living spaces. This can range from landscaping and cleaning to plumbing and home renovations. The entire home service market was worth $657.4 billion in 2022, according to Angi. But keep in mind that includes industries such as home improvement, home maintenance, and home emergencies. When considering a franchise in the market, you’ll most likely only fall into one of those categories, so your specific industry worth is much smaller than $657.4 billion.

The appeal of home service franchising lies in its resilience; homeowners will always need maintenance and repairs, making it a sector that can withstand economic fluctuations. Moreover, technological advancements have streamlined operations, improving customer service and efficiency. Home service franchising thrives on repeat business and customer referrals, which can lead to a steady income stream.

The Human Touch of Home Care Franchises

A home care franchise, like A Place At Home, offers a service that’s less about the home itself and more about the individuals within it. These franchises provide essential care services for seniors or individuals with disabilities, focusing on companionship, personal care, and assistance with daily activities. It’s a sector driven by compassion, where your service profoundly affects the quality of life for your clients.

The home care model is rapidly expanding, driven by an aging population and a growing preference for at-home care over institutional settings. Grand View Research values the home healthcare market at $142.9 billion in 2022 and is expected to grow to around $254.5 billion by 2030.

Comparing Home Service and Home Care Franchises

As you compare these industries, consider your investment from three angles: financial commitment, potential for growth, and personal fulfillment.

Financially, home service franchises typically offer a lower initial investment, with the potential for quick scalability due to the variety of services you can offer and the ability to run it out of your home. In comparison, home care might require a higher initial investment due to the need for office space, licensing, training, and accreditation requirements. However, this type of business offers the potential for significant long-term returns as the demand for care services rises.

While home services is considered a recession-resistant business, it’s not totally immune to economic challenges. When budgets must tighten due to inflation, many homeowners will cut back on those cosmetic projects around the house. Meanwhile, healthcare is a necessity. So, while nothing is entirely a recession-proof franchise, home healthcare is highly recession-resistant.

As for growth in home healthcare, AARP finds that 10,000 Americans turn 65 every day, most prioritizing staying in their home for as long as possible. This is a great sign of increasing demand for the home care industry.

Both industries allow for personal fulfillment. In home services you’ll watch your projects transform people’s homes into their dream home. But you’ll probably be performing most of the work yourself to get the business off the ground, so hopefully, you’re handy!

In comparison, home care requires a different approach. You’ll need to hire and train caregivers who are compassionate and reliable. With home care, you’re not just investing in a business; you’re investing in a community and the well-being of its members. It’s a sector that calls for a blend of business acumen and a heart for service.

Aligning Your Strengths with the Right Franchise Opportunity

Consider your strengths and what you’re looking for in a business. If you’re handy and enjoy fixing problems, a home service franchise might be up your alley. But if you’re drawn to making a difference in people’s lives and providing care, home care is a fulfilling choice.

A Place At Home offers a comprehensive model that not only provides in-home care but also assists with care coordination and senior living alternatives. This holistic approach ensures that you can meet the varied needs of seniors and their families.

By joining A Place At Home, you become part of a network that values integrity, compassion, and excellence. You’ll receive training, support, and the tools you need to build a successful business that makes a real difference in your community.

Are you ready to take the next step in your franchising journey? Request information on our website to learn more about how we can support your new venture in making a meaningful impact.

How to Find a Low Cost Franchise With High Profit

There are low-cost franchises that claim to have high-profit potential, but a few key things separate the potentially lucrative opportunities from the rest. Learn more. 

Why Some Franchise Opportunities Fall Short 

Venturing into the realm of franchise ownership unveils a diverse landscape. Franchises can cost from as low as $20,000 or up to a couple of million, according to Lendio. But there are several affordable franchises out there that can fit your budget. 

It’s important to acknowledge that not all low-cost franchises with high-profit claims are created equal. While the prospect of a modest upfront investment might seem promising, there are several aspects to be wary of. 

One is insufficient support. Some low-cost franchises might cut corners on their support systems, leaving you to tackle challenges on your own without the necessary training, marketing aid, or operational guidance required for success. 

Opting for a low-cost franchise opportunity that lacks a proven track record is a risky endeavor. Without a history of success, you’re essentially walking into uncharted territory, making profitability uncertain. A franchise should encourage you to talk with current franchise owners. Talk to them about the brand’s business model and support system, and ask them whether they’d do it all over again with the same brand if they had the chance. 

Initial franchise fees are merely the tip of the iceberg when investing in a franchise. Some low-cost franchise opportunities may surprise you with hidden fees, ongoing expenses, and unexpected financial burdens that erode your profit margins. Study the brand’s Item 6 in their franchise disclosure document (FDD). This section discloses those ongoing fees, from royalties to advertising and technology fees.  

Identifying Low-Cost Franchise Opportunities 

Despite the above concerns, plenty of affordable franchises with liquid capital requirements below $75,000 can yield impressive profits — the secret lies in recognizing the distinguishing factors that set these opportunities apart. 

Low-cost franchises with high-profit results have a proven track record of success and a portfolio of satisfied franchisees. A location-tested business model significantly enhances your chances of turning a profit. It’s a good sign when a brand is experiencing growth and expansion because it shows its business model is working.  

Choose a franchise that prioritizes your success through comprehensive training, ongoing assistance, and a well-structured operational framework. A robust support system can empower you to navigate obstacles efficiently. Not only do you want a franchise that preps you to open your business, but you want one that will support you throughout your franchise agreement term.  

Evaluating the Opportunities

Now that you know what to look for in a low-cost franchise with high-profit potential, it’s research time. Here are the top factors to consider when evaluating affordable franchises.  

  • Market Demand: Analyze the market demand for the products or services offered by the franchise. A thriving market with untapped potential can propel your path toward profitability. 
  • Scalability: Assess the scalability of the franchise. Will you have the potential to grow and expand as your business gains momentum? Scalability is a key factor in maximizing the return on your investment. 
  • Diverse Revenue Streams: Look for franchises that offer multiple revenue streams. This diversification can provide stability and increased income opportunities, reducing your reliance on a lone source of income. 

Where Affordability Meets Profit Potential

Enter the senior-focused home care provider franchise, A Place At Home. We’re a rapidly growing brand that’s also a low-cost franchise with high-profit potential. Our low initial investment costs, proven business model, and top-tier support have put us on numerous top franchise rankings. Franchise Business Review deemed us a 2023 Top Low-Cost Franchise, while Entrepreneur ranked us No. 97 on their 2023 list of Top Franchises for Less Than $100,000 ranking. Plus, we’ve experienced rapid growth over the years, doubling our number of locations in just three years. We still have plenty of prime territories for you to choose from. 

With a liquid capital requirement of just $50,000, we exemplify an accessible entry point for aspiring franchisees like yourself. Our total initial franchise fees remain under $150,000. Additionally, we offer a de-escalating royalty structure, which means that as your revenue increases, the percentage that goes to us shrinks, meaning more of your revenue returns to your pocket. 

Joining A Place At Home means investing in the thriving senior care industry. IBISWorld finds the industry is worth $64.4 billion and is only expected to grow because 10,000 Americans turn 65 every day. Additionally, the U.S. Department of Health & Human Services found that in 2020, 65% of seniors utilized some type of in-home care. 

With A Place At Home, you can capitalize on more aspects of the senior care industry than just in-home care. As a franchise owner, you can provide in-home care, care coordination, senior living alternatives, and staffing solutions for your community.  

Even as a low-cost franchise opportunity, we ensure that our franchisees are set up for success through our comprehensive CARE training program. From initial training to continuous support, we furnish you with the tools needed for success. Our committed team is at your side, ensuring guidance at every juncture. As of 2022, our five-step training track has a 95% success rate, which means serving clients in the first 60 days post-launch. 

Ready to begin your journey with us? Fill out our Request Information form to start. 

Buying into a Franchise: How to Find the Right Fit

Becoming a franchise owner is an exciting opportunity to become an entrepreneur and find financial success. However, choosing the right franchise and industry is crucial for long-term success. When buying into a franchise, it can be hard to decide between different opportunities. Read our guide to help you make the best decision for your business goals.

Assess Your Goals and Interest

Before embarking on your franchise journey, take the time to reflect on your personal goals and interests. What drives you? What are you passionate about? Identify your strengths, skills, and areas of expertise.

Also, consider how much time you want to put into the franchise. Are you looking to leave your corporate job behind and become an owner-operator? Or are you looking for a silent ownership type of opportunity?

This self-assessment will guide you towards industries and franchises that align with your interests, ensuring a more fulfilling and enjoyable experience as a franchise owner. The happier you are with the business, the more time you’ll willingly invest in it.

Consider Financials 

Before buying into a franchise, assess your personal financial situation. How much capital do you have available to invest? Will you need financing? There’s no use spending time researching and talking to franchise systems that you can’t afford. Be honest with yourself and set a price range.

The initial investment consists of the franchise fee, equipment, inventory, and other franchise startup costs. Franchises will also have liquid capital, net worth, and sometimes credit score requirements.

Later in your research, reconsider the financials as you look more in-depth at a potential franchise investment. Analyze the potential return on investment based on the financial projections provided by the franchisor and compare them to industry standards. Take into account the timeline for achieving profitability and whether it aligns with your financial goals.

Research Industries & Your Market

Now that you understand your goals, interests, and financial capability, it’s time to research different franchise industries. Look for industries that are growing and show potential for long-term profitability. Consider factors such as market trends, competition, and consumer demand. Some popular franchise industries include food and beverage, senior care, fitness, and home services.

When buying into a franchise, you must decide where the best market is. Are you going to open it in your hometown so you can run it yourself? That’s common practice for owner-operator franchises like many home service and senior care franchises.

Evaluate Franchise Opportunities

Once you’ve discovered a few industries that align with your interests, start evaluating specific franchise opportunities within those industries. Look for franchises with a strong brand reputation, a solid business model, a proven track record of success, and a comprehensive support system. Study their financial performance, franchise fees, ongoing royalty payments, and other costs. Additionally, research to see if you can find any legal issues they might have faced or currently are facing.

A robust training and support system is vital for your success as a franchise owner. Before buying into a franchise, evaluate the franchisor’s training programs, ongoing support, and marketing assistance. A franchise with comprehensive training will equip you with the necessary skills to run your business efficiently. Furthermore, the franchisor’s ongoing support and marketing initiatives will contribute to your brand’s success and market penetration.

After reviewing everything you can of the franchise system online, contact the franchise to begin the process of becoming a franchisee. After they vet you, one of the next steps will include visiting their corporate headquarters for a discovery day. Remember, they’re interviewing you as much as you’re interviewing them. The fit must be right on both sides of the agreement.

Attend Discovery Day

To gain deeper insights into the franchise you’re considering, attend their discovery day and any possible exhibitions. These events provide an opportunity to meet with members of the corporate team, ask questions, and get a firsthand look at their operations. Take advantage of this opportunity to assess the franchisor’s culture, values, and commitment to their franchisees’ success. Ask to talk with other franchisees to get their perspectives on the franchise and the support they receive.

Typically, the franchisor will provide you with their latest franchise disclosure document (FDD) at the discovery day. Franchisors are required to provide you with this document before you invest. The FDD paints a clear picture of the business relationship between the franchisor and franchisee, the investment costs, territory restrictions, litigation, bankruptcies, and financial statements. Some franchisors also include financial performance representations in an Item 19, but it’s not required.

Seek Advice 

Seek professional advice from franchise consultants, attorneys, and accountants who specialize in franchising. They can help you understand the legal and financial aspects of becoming a franchise owner, review contracts, and guide you through the due diligence process. Their expertise will provide you with an added layer of protection and ensure you make informed decisions.

Ask for current franchisee contacts from the franchisor (these are also included in Item 20 of the FDD). By contacting existing franchise owners, you can have open and honest conversations and discuss their experiences, challenges, and overall satisfaction with the franchise. Their firsthand knowledge will provide valuable insights and help you gauge the franchise’s potential for success.

Review and Negotiate the Franchise Agreement

After getting legal advice, negotiate any terms that you find unfavorable or unclear. This step is important to protect your interests and ensure a fair agreement between you and the franchisor. Once you feel comfortable with the investment, you can sign it and officially become a franchise owner.

Let A Place At Home Help Guide You

So now that you understand the process of buying into a franchise, let A Place At Home guide you through it. Our home care franchise offers a unique and rewarding business opportunity in the thriving senior care industry.

By becoming a franchisee with us, you can make sure your community has access to exceptional senior care services that prioritize the well-being and happiness of seniors while also ensuring their safety, comfort, and dignity. Our training and support equip owners with the knowledge and skills needed to run a successful home care business. Plus, you can capitalize on multiple revenue streams between in-home care, care coordination, senior living advising, and staffing solutions.

Start today by submitting a franchise form.

Why Senior Care Franchises Are One of the Fastest Growing Franchises

How to Get Your Home Health Care Business License in 7 Steps

Franchises focused on seniors provide essential services to an aging population while also providing a rewarding business opportunity for entrepreneurs who want to make a difference in their communities. Choosing to invest in one of the fastest-growing franchises is a profitable move. See why senior care franchises are among the top booming franchise industries.

Growing Demand for Senior Care Services

The senior population is exponentially growing in our country. According to the U.S. Census Bureau, the number of Americans aged 65 and older is projected to nearly double by 2060, reaching 95 million. In addition, as the baby boomer generation ages, the number of older adults who need assistance with daily activities and managing their health is expected to rise. These factors are aiding the rise of elderly care franchises.
The demand for non-medical home care services has grown significantly as older adults seek to remain in their homes and communities for as long as possible. Senior care businesses offer assorted services that help improve older adults’ independence and quality of life, such as meal preparation, medication management, transportation, and companionship. By providing these services, senior care franchises help older adults live safely and comfortably in their own homes while also giving their families peace of mind.

Flexible Business Models

There are a variety of senior care business models you can tailor to meet your community’s needs. Whether that’s non-medical home care services, assisted living, memory care, or skilled nursing, you can choose what suits your interests and expertise.

Multiple Revenue Streams

Some senior care franchises provide multiple revenue streams, offering greater potential for rapid growth and diversified income. For example, A Place At Home franchisees can offer not only in-home care services for their clients but also staffing solutions, care coordination, and assistance in finding senior living facilities. Other franchises offer revenue opportunities like medical equipment sales. Having multiple revenue streams available allows franchisees to adapt to changing market conditions and meet the evolving needs of the senior population.

Lower Cost of Entry

Many elderly care franchises offer affordable initial investments depending on the type of senior care business you open. Unlike other franchise industries, senior in-home care franchises don’t require significant capital investment in physical facilities or equipment. As a result, you can often start one from your home office, with low overhead costs and minimal staffing requirements.
They also have the potential for a high return on investment. As the demand for senior care services grows, so does the revenue potential. Additionally, many of these types of franchises have recurring revenue models, which means you can earn a steady income over time.

No Experience Required

Depending on the type of senior care you offer, you don’t always need a medical background to run the business.
Non-medical senior care businesses, like A Place At Home, focus on providing home care services such as assistance with activities of daily living, housekeeping, meal preparation, and transportation. These services do not require specialized medical knowledge or training. Plus, there are fewer licenses and regulations to worry about when you’re not providing medical care.
Additionally, in most cases, you’re not providing direct care for your clients. Instead, you’ll typically hire caregivers for that. A Place At Home franchise locations have some of the highest caregiver and client satisfaction rates, according to Home Care Pulse.
Most franchises offer comprehensive training programs covering all business aspects, from marketing and sales to staffing and operations. This training can help you gain the knowledge and skills you need to run a successful franchise for seniors, regardless of your background or experience.

Consider In-Home Care With A Place At Home

When looking for an industry that will offer rapid growth, consider the home healthcare services market and A Place At Home. Fortune Business Insights projects the industry will grow from $94.17 billion in 2022 to $153.19 billion by 2029, growing at 7.2% annually.
A Place At Home offers all these factors contributing to a quick startup and fast growth. Committing to our CARE training program will put you on track to service a client in the first 60 days post-launch. Ready to become our next top performer? Start today by submitting a franchise form.

Senior Living Industry Outlook in 2023 & Beyond

The global senior living market is projected to grow by $91.37 billion over the next five years, according to Technavio. This isn’t a surprise, as the U.S. Department of Health and Human Services says 10,000 people turn 65 every day.

The senior living industry has shifted after the pandemic. Demand for nursing homes has fallen while at-home care and assisted living continues to soar. Find out why.

Current Trends in the Senior Living Industry

Seniors are looking to “age in place,” or stay in their homes as long as possible. An AARP survey found that 77% of adults 50 and older want to remain in their homes for the long term. Among the reasons is the financial burden it can put on their loved ones if they move into a nursing home. This trend alters the industry by increasing the demand for at-home care services.

Senior home occupancy is on the rise, with the National Investment Center for Seniors Housing & Care reporting in the fall of 2022 that senior housing occupancy was 82.2%. That’s the fifth straight quarter of increases, with a total of a 4.3% increase from the lowest point during the COVID-19 pandemic. Researchers say while that occupancy is less than optimal, the number of seniors needing housing and care will only grow.

Another trend in the industry is an emphasis on chronic conditions and preventative care. Nearly 95% of seniors have at least one chronic condition, and almost 80% have two or more.

Seniors are also looking for more programming in their communities, whether they’re in an independent living center or a nursing home. They want programs that will improve their quality of life and all-around wellness. These programs could include fitness classes, healthy meals, or planned social activities.

Lastly, an unfortunate trend expected to continue throughout 2023 is staffing shortages, especially among nurses. In an American Health Care Association survey in June of 2022, 60% of nursing homes will limit the number of new occupants due to staffing shortages. Nearly all nursing homes are having trouble hiring new team members and asking current employees to work overtime.

Nursing Homes Struggling

The demand for nursing homes is dropping. More families are turning to in-home care for assistance instead of putting their loved ones into senior living facilities. Concerns about cost,  risk of infection, and the level of care are driving factors toward this shift. finds the monthly median cost for a nursing home ranges between $7,908 to $9,034, while the monthly median price for an assisted living facility is around $4,500.

Nursing homes are facing significant financial struggles. In 2022, the Centers for Medicare & Medicaid Services found that 129 nursing homes closed in the country. However, that number is probably lower than the actual count because experts say government reports are slow at keeping up with closures. Aiding the financial struggles is inflation. The rising costs of supplies and food are eating away at profit margins. In addition, nursing homes are having to increase staffing wages to attract and retain talent.

Hiring challenges also affect how many residents they can accept. So, if they’re short-staffed and can’t take more patients, then they have rooms sitting empty.

Benefits of Opening a Home Care Franchise Like A Place At Home

Besides the shift towards in-home care, there are many other benefits to opening an in-home care franchise. First, the startup costs are significantly lower because you don’t have to buy or rent a large facility. Instead, you just need a small office to hold consultations and meet with your staff. Inflation doesn’t affect you as much because you’re not supplying food for your clients.

If you don’t have the caretakers, you just don’t accept as many clients, but you’re not losing as much money as if you were running a facility and having rooms sit empty. However, a business like A Place At Home is easily scalable; you can add staff as your client list grows.

Plus, in-home care is often considered a long-term option, while nursing facilities are usually short-term. Families enjoy at-home care for the one-on-one service they receive from your caregivers, compared to a nursing home where a nurse could have multiple patients they’re looking after.

If you’re looking into how to start a non-medical home care business, let A Place At Home help. We have a proven business model that can guide you to success within the senior living industry. Learn more by submitting a franchise form.

Caregiver Shortage is Driving Demand for Home Care Businesses

Behind the Shortage

The senior population is rapidly growing, with 10,000 Americans turning 65 daily. Many of them will eventually need assistance even with daily living activities such as laundry or grocery shopping, let alone those that need medical help.

The country has struggled to meet the caregiver demand since the onset of the COVID-19 pandemic, as millions of caretakers have left the field for various reasons. On top of that, now, with the increasing population, the United Disabilities Services Foundation (UDS) expects the national caregiver shortage to reach 151,000 by 2030 and 355,000 by 2040. On average, more than 700,000 caregiving positions are expected to open each year through 2032, according to AARP.

Why is the Demand for Caregivers Growing?

More people are aging alone. Solo agers are single, divorced, widowed, childless, or their children live far away. This group of seniors requires caretakers, especially if they want to remain in their homes for as long as possible. The National Poll on Healthy Aging finds that 88% of adults aged 50 to 80 want to age in place.

Besides the growing senior population and the desire to age in their home, Global Coalition on Aging finds that caregiver turnover rates range from 40% to 60%. Common reasons caregivers leave the field include low pay, lack of respect, need for benefits, and limited potential for professional growth. On top of that, the work of a caretaker is extremely demanding. Clients will have a variety of needs. In addition, they could be dealing with personality-altering diseases such as Alzheimer’s. It can all be overwhelming and strenuous sometimes, leading caregivers to experience burnout.

Solving the Caregiver Shortage Crisis

Companies are looking for ways to retain their caregivers and recruit new ones so they can take on more business. AARP finds that workers seek incentives like better pay, sign-on bonuses, more attractive benefits, and career advancement opportunities. While UDS finds that caregivers are looking for society to elevate their perception of their career choice, provide them with respect, and be considered a part of the healthcare ecosystem.

Along with career advancements comes the desire for more training and educational programs. The software company Home Care Pulse finds that agencies that offer their caretakers at least eight hours of orientation training and 12 hours of ongoing training see an increase of more than $700,000 in revenue compared to those that provide the minimum number of hours for compliance. Training sessions also decrease the chance of a 90-day turnover. This can save you time and money by not constantly replacing caregivers. As a potential business owner, why would you skip out on an opportunity to increase your revenue and workforce?

Why is Now a Good Time to Enter the Home Care Market?

Don’t let the worry over the caregiver shortage scare you away; the other home care industry trends make now the perfect time to join the growing industry. First off, the global home healthcare market was worth $301 billion in 2021 and is expected to reach $813 billion by 2028, according to SkyQuest Technology Consulting. Following some of those solutions to solve the caregiver shortage can help you recruit and retain workers. Another way that can help you is opening a non-medical home care franchise like A Place At Home. This allows you a larger pool of caregivers to hire from.

Statistics show that home care agencies are growing. Home Care Pulse reports that providers recently experienced the highest client growth in four years, with median revenue also increasing.

The demand will only increase for in-home care as the senior population grows. A non-medical care business also allows you to work with your clients for the long term, whereas medical care is typically short-term.

Start an A Place At Home Franchise

Join the thriving industry with a franchise experiencing an average of nearly 92% overall caregiver satisfaction rate. We’re built on a senior-focused care model that provides a complete service model, from in-home care to care coordination, finding senior living alternatives, and helping those facilities with staffing solutions. Learn more about your next franchising opportunity by submitting a franchise form.

Assisted Living Business: What to Expect When Starting One

Thinking about starting an assisted living business? Get insights on profitability and what to expect when running a business in the assisted living space. Read more.

What Can I Expect?

An assisted living facility can be a massive undertaking. Consumer Affairs notes that, on average, assisted living facilities accommodate 27 to 33 patients. As an owner, you provide caregivers for those patients to help with daily activities like going to the bathroom and getting dressed, medication management, house cleaning, laundry, meals, and social programs and activities.

You’ll need an assisted living certification to get started. This requires you have at least one staff member for every six residents. In addition, state and federal regulators require multiple types of insurance to operate, including workers’ compensation insurance, general liability insurance, property/casualty insurance, and umbrella insurance.

You’ll need to find and acquire a property that meets specific standards. That includes accessibility for all residents to reach essential parts of the facility, green space on the premises, ample parking, and safety and security features.

Then, you’ll need to perform extensive marketing to fill the rooms at your assisted living business. Finally, employees are essential to running the property. You’ll need to hire and retain quality certified nurse assistants, nurses, and other staff members to keep the place running. Don’t forget those employees will need training.

Assisted Living Center Services

You’re caring for dozens of seniors 24 hours a day, seven days a week when you own an assisted living business. That means you’ll need to provide a variety of services. These include providing clinical assistance and documenting it. You’ll create a comfortable, home-like environment for your residents. Organize social activities. Make and serve at least three meals a day. All of these factors must be done while following strict state and federal guidelines for senior living properties.

Are Assisted Living Facilities Profitable?

Senior services are growing in demand as the U.S. population is aging. The U.S. Department of Health and Human Services reports that someone turning 65 has a nearly 70% chance of needing some long-term care services and supports in their remaining years. The assisted living home market size was estimated at $73.6 billion in 2018, with a compound annual growth rate of 6.4% over the forecast period.

While the market is a significant size, the costs of running an assisted living facility are high, leaving many facilities to operate at a negative net profit margin. Two of the biggest problems facing assisted living businesses are inflation and hiring. Inflation is increasing all costs of running the facility, forcing owners to pass along the increase to their residents. In addition, many businesses are struggling to hire and retain workers. The battle is an even bigger deal for senior living companies because they have to decrease their occupancy if they don’t have enough people to work.

Why is an In-Home Care Business a Better Idea?

Leave behind the stressors of running an entire assisted living facility by opening an in-home care business, like A Place At Home. You’ll face less liability and cheaper upfront investment costs. In addition, an in-home care business is easily scalable as you hire employees as your client list grows.

The demand is growing for senior home care. It’s projected by International Franchise Association (IFA) that by 2050, more than 27 million Americans will use senior care services. Plus, not only is the age of Americans rising, but so is the percentage of seniors who want to age in their homes. These two factors combined will send the demand for in-home senior care services skyrocketing. For a near future projection, an estimate quoted by IFA predicts a 29% increase for in-home assistance aides through 2024.

When opening an in-home care business, you don’t need many supplies. You’ll need a reliable vehicle, cell phone, and computer. But you won’t have to worry about building or renting a massive facility to hold dozens of residents and activities.

According to Profitable Venture, you only need one caregiver per four clients, although regulations may vary by state. So, you can quickly work to hire employees as you increase your client list.

No medical services are needed for in-home care businesses, just compassionate care and assistance for seniors like a companion, lifestyle, or personal care. This means you don’t have to undergo the extensive process of getting permits and licenses or dealing with health insurance companies.

Invest in Senior Care With A Place At Home

Don’t wonder how to start a home health agency. Become a franchise owner with A Place At Home instead. We provide in-depth training and a proven business model to follow for a low initial investment cost of $84,185 to $148,517. As a result, our franchisees are finding success with our multiple revenue streams. According to our latest franchise disclosure document, franchisees reported an average sale amount of more than $1 million in 2021, leaving lots of room to profit from your initial investment.

Are you ready to be our next top performer? Get started by submitting a franchise form today.