With better lifelong healthcare, the UK population is generally living longer. The 2020 pandemic aside; older populations are set to increase from 2.5% of the UK population in 2016 to almost 7% by 2066.
This means that the demand for senior care facilities will continue to grow, providing everything from essential nursing care to entertainment and socialising opportunities; from keeping fit to hobbies and crafting.
Older populations tend to live in Areas of Outstanding Natural Beauty (AONB) such as National Parks and around the coast, while younger people tend to live in and around cities.
Wales has the oldest population in the UK, followed closely by Scotland. England and Northern Ireland have the youngest people populations.
One of the reasons for this regional disparity is the tendency for wealthier, older people to retire to AONBs; moving out of cities and towns for more peaceful regions to enjoy their retirements.
This suggests that senior care franchises have great opportunities around AONB. Still, we can't ignore the need for senior care franchises andhealthcare franchises in towns and cities where older adults remain in their home towns.
Franchising
The senior care franchise sector is almost entirely reliant on trust. Families want reassurance that their loved ones are being cared for; meeting their support needs for both health and leisure activities.
Franchising offers newcomers to the sector the opportunity to benefit from the hard-earned reputation of established companies, offering the reassurance that your company can provide appropriate care for their loved ones.
Franchising offers instantly recognisable branding that your future customers already know and trust, providing access to a ready-built customer base.
Senior care franchises offer excellent training opportunities to ensure that everyone working within your franchise are qualified and confident in delivering all of the necessary skills and duties to provide superlative care.
Along with training, most senior care franchises provide a ready-to-go business infrastructure, including HR functionality, to make sure that you can get working straight away.
Many people consider franchising to be THE common sense approach to going into business for yourself. Inherit a reputation for excellence from the moment you open your doors.
Facts About Senior Care Franchises
There are around 12 million people in the UK over the age of 65, while almost 5.5 million are aged over 75.
Senior care franchises provide support provision for older people living in their own homes as well as residential care in a range of supported, live-in facilities. Some senior care facilities are closer to holiday camps than nursing homes, while others offer medical support for those who have additional needs.
Home care franchises, in particular, are a sector of senior care that requires a relatively minimal investment in comparison with other service franchises. Providing care in people's homes means that infrastructure costs are lower than for residential care, offering a healthy profit return.
Profit aside, the senior care franchise sector offers people the opportunity to make a significant difference in older people's lives. The senior care sector provides essential healthcare and pastoral care to help people in need to live fuller, happier lives; with dignity.
Franchising Vs Independent
Franchises often receive favourable interest rates from banks and moneylenders because their business proposal has already been proven profitable and sustainable.
Independent companies, on the other hand, who set up in business without the support of established partners, often struggle to achieve affordable lending because their business model has been unproven.
Independent businesses are generally considered riskier propositions than franchises. In fact, almost half of all independent enterprises fold within three years of starting up because they fail to recoup their investment.
Franchise businesses, however, usually thrive right from the start; relying on instantly recognisable branding and a client base who already knows and trusts the brand.
Senior Care Franchises
Explore our profitable selection of excellent senior care franchises, and do your bit to improve the lives of our ageing population!
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