The elderly population of the UK is continuing to grow and with care services stretched thin, now is an ideal time to meet this high demand with a care and companionship franchise.
Between 2005 and 2014, the number of UK citizens over the age of 85 increased by 30% resulting in an explosion in demand for care services. This, coupled with cuts in public funding, has resulted in promising opportunities for the private sector to step in and capitalise on this opportunity. The private care sector is valued at around £1.2 billion, however this is set to grow significantly in the next few years. For the savvy entrepreneur, a great way to tap into this market of potential is to invest in a care and companionship franchise.
At Reed Commercial, you’ll find an extensive selection of care and companionship franchises, allowing you to choose the perfect business for your skills and interests. First and foremost, you’ll find many home care businesses that allow you to manage a team of home carers, so you can choose where and when you work. Whether you want to be in the field caring for your clients or working from home managing your team, you’ll find a franchise for you.
Franchises such as Heritage Healthcare and 247 Professional Health boast lower set up costs and lower overheads, allowing you to start turning a profit much faster. With Heritage Healthcare, you’ll benefit from 60 years of expertise in giving quality home care and with extensive training you’ll be giving expert care in no time. Not only do they service the elderly, but they also help people with disabilities make the most of their lives. 247 Professional Health is perfectly suited to those entrepreneurs who prefer a more managerial role, as this business provides staff to nursing homes, hospitals and mental health centres. It’s the perfect business to run from your home and with staffing in the care market, you’ll be sure to enjoy regular business.
Other care and companionship franchises at Reed Commercial require a more significant investment, but also boast the potential for much greater profits. Right at Home is a premier franchising option and won many franchise of the year awards in 2014. With an established name and the drive to provide premium care, Right at Home is well worth the investment. Similarly, Home Instead Senior Care is a well-known international care franchise that boasts a business model that can have you earning well over £1 million. It has been given a five star rating by the Smith & Henderson Franchisee Satisfaction Survey three times in a row and is an excellent investment with a proven business model.
For a care and companionship franchise that services a more niche market, Driving Miss Daisy UK provides transportation services to elderly or disabled people. You can work entirely from home and with low overheads you’ll be turning a profit much faster than other franchises.
Onwards and upwards
The future is bright for anyone with a care and companionship franchise. An aging population combined with cuts in public funding has created an extremely high demand for private services. In these conditions it isn’t difficult for a franchisee to see resounding success and with a little business savvy and the training that every franchise provides, you’ll be turning a profit quickly. Even if you don’t have previous experience in the care industry, you’ll enjoy continuous support and professional development from your franchise, allowing you to continually grow your business.
For anyone interested in investing in the care industry, head on over to Reed Commercial to see our extensive list of care and companionship franchises. If you find a franchise that you feel is well suited to you, simply enter your details at the bottom of the page and one of our helpful representatives will contact you.Tags: 247 professional health, Care and Companionship, driving-miss-daisy-uk, franchise, heritage healthcare, home care, home instead senior care, right at home, work from home