The latest trend occurring within the franchise industry relates to an explosion in senior care franchises and the baby boomer generation retiring in the next few years. The care industry in the UK is worth over £17 billion and is rising annually, according to Bluebird Care Franchise.
The UK population is ageing and will continue to do so for the next decade or so, and this means a very rewarding and profitable industry for care franchises to capitalise on. This makes the senior care franchise industry the next big trend to be extremely profitable within the franchise industry.
The baby boomer generation is the most profitable market group for franchise businesses within the senior care industry. Why? Because the baby boomer generation controls 70% of the nation’s disposable income, making them more affluent than any other generation that came before them. This means when the baby boomer generation retires - they will be able to afford in-home senior care services such as cooking, cleaning, grocery shopping, medical assistance and much more.
Potential franchisees should consider investing in senior care franchises that are established now to provide in-home support services when this generation retires. Invest in the next big franchise trend and ride the wave to franchisee success!