Home Care Franchises are Getting Better with Age
Running a business that helps people live better in their later years is a fulfilling experience.
Franchises that help care for our aging population are rapidly expanding across the US.
What does it cost to get into the Home Care sector?
The average investment in the Home Care sector is $241,556. But, that doesn’t tell the whole story. There's a striking difference between the average and median.
Of all Home Care franchises, 41 have an investment lower than $112,863. The average initial investment is skewed because the most expensive franchise in this sector is $8,792,750.
When looking at franchise opportunities make sure you examine brands within your investment range. Search below for Home Care investments that fit your financial criteria. If you're not sure what you can afford, fill out our Franchise Affordability Calculator.
How much can I make in the Home Care sector?
How much money you can make from a Home Care franchise depends on several factors, including location and demand for your services.
One way to predict your profit potential is to evaluate the financial performance representations provided by a franchisor in Item 19 of their Franchise Disclosure Document. Franchisors are not required to disclose this information, some are more transparent than others.
In the Home Care sector, 70% disclose a financial performance representation. Of those, only 38% disclose some type of expense data on its franchisee operations.
Unlock our Home Care Sector Report to learn which franchises are profitable.
- Growing industry, with remote work opportunities
- As America ages the demand for home care services increases, creating a steady customer base. Home-based Home Care franchises available.
- Stable and growing market. New home care services are converting to more revenue opportunities.
- Simple operating system. Low investment. Increased demand for services. Good for retired teacher or healthcare professional.