Business is booming as the Baby Boomer generation starts to retire and inevitably age.
In fact, the senior care market is set to double by 2024 in the United States! With the number of Americans entering their gold years growing by the day, entrepreneurs have a golden opportunity to cash in on this growing industry.
If you’re an entrepreneur with a passion for helping those in need, why not consider becoming a senior care franchisee? Here’s a quick look at the 10 best senior care franchises to own so you can take advantage of this great business opportunity!
1. Right at Home
Initial Franchise Fee: $49,500
Startup Costs: $80,150 – $147,150
Founded in 1995, Right at Home is one of the 10 best senior care franchises to own for a number of reasons. A market leader in the senior care industry, it also offers an established brand name that people know and trust, outstanding revenue potential, and of course, a strong sense of fulfillment and purpose in helping to improve seniors’ quality of life.
The franchise provides hands-on personal care and companionship in the comfort of seniors’ own homes and is an excellent opportunity for any entrepreneur looking to break into the fast-growing elder care market in the United States.
2. Senior Care Authority
Initial Franchise Fee: $52,500
Startup Costs: $20,000 – $82,400
The Senior Care Authority franchise was founded back in 2009 provides professional senior placement services to help families find the right home for their elderly loved ones. Franchisees are tasked with finding the best homes for seniors that offer the necessary supervision, personal care, and other needs.
In addition to providing a fulfilling career in elder care, this franchise is a great way for entrepreneurs to become their own boss and build a business within a protected franchise territory, limiting competition while expanding opportunities.
3. Senior Helpers
Initial Franchise Fee: $49,500
Startup Costs: $105,300 – $144,300
Established in 2001, Senior Helpers is yet another one of the 10 best senior care franchises to own in the United States. The franchise provides in-home care services for senior citizens, including non-medical and personal assistance, with the top services offered including Alzheimer’s care, surgery assistance, companion care, and much more.
This franchise offers affordable startup costs, an established brand name, and a position as a respected market leader, making it ideal for entrepreneurs seeking to get into the senior care industry with an experienced franchisor to partner with.
4. Touching Hearts at Home
Initial Franchise Fee: $22,500
Startup Costs: $33,950 – $50,000
Another one of the best senior care franchises out there, Touching Hearts at Home is one of the most affordable options for entrepreneurs, offering very low initial investment costs compared to many other business opportunities available, as well as a simple yet effective business model and plenty of experience in the growing elder care market.
Founded back in 1996, this senior care franchise offers professional, top-quality companion services for elderly and disabled individuals. Franchisees also offer meal preparation, transportation, and Alzheimer’s care services for clients.
Initial Franchise Fee: $19,750 – $42,500
Startup Costs: $31,905 – $59,655
Acti-Kare, founded in 2007, offers professional services for seniors in the comfort of their own homes. The franchise specializes not only in caregiving to elderly clients, but also with helping them with everything from paying bills, running errands, doing household chores, and more.
The company is a great opportunity for entrepreneurs due to its very accessible startup costs and initial franchise fee, excellent training and support from the franchisor, low overhead costs, outstanding revenue potential, and proven business model with protected franchise territories available.
6. Assisting Hands Home Care
Initial Franchise Fee: $156,500 – $503,000
Startup Costs: $176,650 and $589,500
Established in 2006, Assisting Hands Home Care is a franchise that provides professional, high-quality assistance for senior citizens in their homes, offering personalized medical and non-medical care for clients up to 24-hours a day.
Assisting Hands Home Care is an excellent opportunity for entrepreneurs thanks to its established brand recognition, experience in the booming senior care market, and flexible business model that’s been trusted by many other franchisees.
7. CareBuilders at Home
Initial Franchise Fee: $39,500
Startup Costs: $288,700-$319,200
CareBuilders at Home was established back in 2012 and offers home caregiving services for the elderly and those recovering from illness, injury, and surgery. The company prides itself on the dependable, compassionate caregivers who represent its brand and offers personalized assistance and accommodations based on the needs of their clients.
This franchise is a great opportunity for entrepreneurs who love helping the elderly and also offers full back office support, freeing franchisees so that they can focus on helping their clients the best they can.
8. Caring Matters Home Care
Initial Franchise Fee: $25,000
Startup Costs: $40,000 – $80,000
Founded back in 2002, Caring Matters at Home is a fast-growing senior care services franchise that offers a wide variety of non-medical and home care services for the elderly. In addition to general senior care services, the company also provides Alzheimer’s and dementia care, recovery assistance, housekeeping services, and more.
Caring Matters Home Care stands out as one of the 10 best senior care franchises to own thanks to its low startup costs, experience in the elder care market, and strong brand recognition among consumers.
9. Caring Transitions
Initial Franchise Fee: $44,900
Startup Costs: $58,912 – $82,712
Caring Transitions is an elder care franchise founded in 2006 that specializes in the life transitions niche market, offering professional, experienced services for estate sales, comprehensive downsizing, and movement management services. The company also provides decluttering, online auction, and other services involved with moving elderly loved ones into new homes.
This franchise offers fairly affordable startup costs and strong brand recognition, making it a great choice for entrepreneurs overall.
10. ComForCare Senior Services
Initial Franchise Fee: $49,500
Startup Costs: $96,150 – $223,750
Finally, another one of the 10 best senior care franchises to own is ComForCare Senior Services. Established back in 2000, ComForCare Senior Services provides a wide array of professional elder care services, including personal care, companionship, transitional care, safety supervision, and more.
Entrepreneurs should definitely consider this franchise because of its extensive experience in the senior care market, established brand name, and accessible startup costs.
Explore These 10 Best Senior Care Franchises to Own – and More!
These are just 10 of the best senior care franchises to own if you’re looking into the booming elder care market. But of course, don’t limit yourself to just these. Check out even more senior care franchise opportunities here at AskMrFranchise.com to see which one is best suited for you!