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4 Questions to Ask About an Elder Care Franchise Opportunity

With the Baby Boomer generation, there has been a noticeable transition to how seniors choose to receive care as they age. Where once seniors would move to assisted living facilities or nursing homes, they are now choosing to age in place and receive care at home. This change offers an excellent chance to start a business that is focused on helping others. With an abundance of elder care franchise opportunities available, those who want to go into the business of senior care can purchase a franchise location and get to work rather quickly.

Of course, not all elder care franchise opportunities are equal. Because delivering senior care is such a big responsibility, it’s essential to do your research. You’ll want to make sure you’re partnering with a trusted brand in the industry. Moreover, crucial details can make a significant difference in your profitability and ability to access support throughout the stages of business ownership.

Before Investing in an Elder Care Franchise Opportunity

To help you wade through all of the information at your fingertips, we’re providing a list of four things you need to know before investing in an elder care franchise opportunity.

1. The level of industry experience required

If you’ve never worked in senior care before, you may be wondering whether owning a home care franchise is even possible. The good news is that many franchisors in the industry offer intensive training for new franchisees that prepares them for success, even if they lack related experience.

For example, at Visiting Angels®, we provide both initial and ongoing training for new franchisees. What’s important to us is that franchisees are passionate about helping others. As long as they already possess this internal drive, we can teach them everything they need to know to run a thriving home care business.

2. The start-up costs and ongoing fees associated with the elder care franchise opportunity

Investing in an elder care franchise opportunity requires an initial investment fee or other form of upfront payment. Additionally, there are recurring fees based on the franchisor’s specific royalty system.

For example, at Visiting Angels, we charge low royalty fees that decrease with sales volume and are capped at a maximum. This helps ensure our franchisees enjoy the rewards of their hard work.

Taking a close look at numbers such as these can help you determine whether purchasing a franchise makes sense for you. Of course, it’s important to remember that in exchange for these costs, you get the chance to work under a reputable brand name and use systems that are proven to produce a profit while helping seniors live at home.

3. The brand’s territory system and how it will impact your sales

In the context of franchising, a territory is the area within which a franchisee can serve customers. This territory could be defined as certain postal codes, cities, or geographic regions. Understanding how many territories the franchisor currently has, the number that are available for sale, and whether the franchisor plans to continue growing territories will give you a clearer picture of what the territory system would mean for you as a franchisee.

You’ll also want to ask about territory protection. For example, Visiting Angels elder care franchise opportunities offer the freedom to market to and accept clients from throughout their territories, which are protected from other franchise locations within the Visiting Angels system.

4. Who you’ll be helping

Different home care franchises take different approaches to the concept of home care. Some provide a wide range of services for both seniors and disabled individuals, while others stick to a certain demographic or focus on only providing a specific type of care. Asking yourself whether you’ll be contributing to the cause that’s closest to your heart will give you a better idea of whether an elder care franchise opportunity is right for you.

You can ask for more information about the elder care franchise opportunities available through Visiting Angels today! Give us a call at 800-365-4189, or request additional details to learn more about our franchise packages.