What Industry has the Best Franchise to Own?
The best franchise to own depends on many variables, including your own preferences and goals. Above all, you should seek opportunities that have a clear, established market and ample room for growth. In this respect, home care is one of the most promising industries to choose from.
If you want to work with people, improve your community, and make a sizable profit while doing so, read on to find out why a home care franchise is the best to own.
Why Senior Care has the Best Franchise to Own
It’s no secret the U.S. population is aging. Over the last decade, as the Baby Boomer generation reached retirement age, the elderly population has surged. Between 2010 and 2019, the U.S. Census Board reports, it increased by just over a third. Baby Boomers currently account for 16.5% of the general population.
Over the next decade, this group is expected to expand even more, reaching 20% or roughly 72 million people by 2030. This has spurred significant demand for affordable senior care options, with senior care ranking as the most preferable option for care among seniors themselves.
Based on a widely reported AARP survey, the vast majority of older adults in America would choose to age in place for as long as possible. However, millions of seniors struggle to live independently at home requiring some level of support. They don’t need extensive medical care or around-the-clock nursing home care. For these seniors, it is actually more beneficial to receive non-medical assistance at home.
Meanwhile, families across the country are struggling to manage the physical and emotional demands of caring for their elderly parents while working and raising their own children. This is known as being part of the Sandwich Generation. It often causes stress and anxiety among both adult children and their aging parents.
Then, of course, came the COVID-19 pandemic, placing greater strain on these overextended households. Children have been learning remotely. Older adults have faced even greater restrictions and risks to their health. In addition, healthcare professionals and researchers are grappling with the long-term effects of COVID-19, including widespread disability.
In light of these factors, it’s clear the demand for senior care is robust and will continue to increase as families face even greater financial and logistical challenges. Not only is this a promising field financially, but owning a senior care agency also gives you an opportunity to help your neighbors, friends, and wider communities.
Why Visiting Angels is the Best Choice in Home Care
Given the amount of pressure families are under, they’re likely to seek senior care services under a name they recognize and respect. This is what makes senior care such a strong franchising option. By buying into a well-regarded senior care brand, you can benefit from years of trust built by other franchise owners.
While the name may get potential clients in the door, you can retain them by providing quality senior care. This is where finding the best franchise to own really matters. Ideally, your franchisor should not only help you get your location up and running, but should provide continuous support, resources, and guidance.
Visiting Angels® is a leading senior care provider that has been consistently ranked as the best franchise to own in this industry by current franchisees. Based on annual surveys conducted by Franchise Business Review, Visiting Angels franchise owners are highly satisfied with the:
- Training and support we provide
- Financial opportunities available
- Franchise system as a whole
- Our leadership team
Visiting Angels was founded in 1992 and has been franchising since 1998. Since then, our network has grown to more than 600 franchise locations in North America, making it one of the most recognizable names in home care. As a franchise owner, you’ll receive extensive assistance to open your location and continuous support through webinars, conferences, one-on-one consultations, and other avenues.
Discover what makes Visiting Angels the best franchise to own in the rewarding field of senior care. Contact us at 800-365-4189 to learn more about our franchising opportunities or request more information online.